We Buy Ugly Houses Indianapolis
We Buy Ugly Houses Indianapolis ::: https://urlca.com/2tkQ1a
HomeVestors of America, Inc. is a privately owned, Dallas-based company that specializes in buying older single-family houses in need of repair at below-market prices. The company then renovates and sells them. Involved in franchising since the mid-1990s, HomeVestors has approximately 250 franchised offices located in 30 states. The company has pursued a \"seed concept\" in expanding into new markets, starting out with a strong franchisee, which it then supports with local marketing and advertising. HomeVestors has built its marketing around the concept of \"ugly,\" creating slogans such as \"We buy Ugly Houses\" and \"Ugly's OK.\" The company has successfully sued more than a dozen competitors attempting to copycat the use of \"Ugly.\" Although anyone can buy a home, fix it up, and sell it, HomeVestors offers franchisees a complete program to create and sustain a successful business. HomeVestors helps franchisees to generate leads on houses to buy through an advertising program as well as helping them to conduct research on the owner of a target property; provides proprietary software to help in determining market value of a property, repair costs, and a target purchase price; makes financing available to franchisees for the purchase price and loans to cover renovations; and in order to sell homes quickly it offers financing to homebuyers with small down payments or credit problems through owner-carried financed notes. Franchisees pay a $46,000 franchise fee, a monthly fee, and a royalty to HomeVestors.
HomeVestors was founded by Ken D'Angelo, who had worked as a real estate agent in Houston and Dallas for Red Carpet Realtors and ERA Realtors for 20 years. Late one night in 1989 he saw an infomercial pitching a two-hour video to teach people everything they needed to know about home buying. It was the inspiration the 40-year-old needed to strike out on his own. \"I just took that idea one step further and into a specialized area,\" D'Angelo told Dallas Morning News in 2003. \"No one likes to buy ugly houses, so I thought, 'Why not do it myself'\" He set up shop in East Dallas as a one-man business and began buying houses at below-market prices in the Dallas-Fort Worth area, renovating, and selling them. \"When I started out, people thought I was crazy,\" he confessed.
Over the next several years, D'Angelo steadily grew HomeVestors. By 1995 he was buying and turning over more than 150 homes a year. He now decided to franchise his concept, and to help in that effort he hired Dain Zinn in March 1995. Together they put together a franchising program that would distinguish HomeVestors from the competition and sell the concept to potential franchisees. \"Anyone who has ever watched late-night TV has seen the ads hawking real estate investment systems,\" Zinn explained to Dallas Business Journal in a 2001 profile. \"People wondered why they should buy a franchise when they could spend $149 on a tape and a weekend seminar.\" According to Dallas Business Journal, \"D'Angelo and Zinn focused on creating a brand-name image and developing financing, training and support systems, including Web-based software that helps franchisees determine the value of a home. They got the word out with a memorable slogan--'We buy ugly houses'--slapped on bright yellow billboards.\" All of these elements were important in turning what had traditionally been a part-time endeavor into a career, because the key to success, as D'Angelo knew from firsthand experience, was locating a lot of properties to buy, having funds available to act quickly and buy target properties, and having a way to quickly resell the houses.
HomeVestors also found a new way to drum up new properties for its franchisees. In July 2004 the company launched a real estate-owned (REO) program to buy so-called \"ugly notes\" on single-family houses. (REOs are in the possession of a lender as a result of foreclosure or forfeiture.) The company was well familiar with the value of homes as collateral and, unlike other companies that bought such notes from banks and other parties and turned around and sold them \"as is,\" HomeVestors planned to buy the notes at a reasonable cost, then turn them over to franchisees, who would renovate and sell the collateral properties. In addition to banks, the program hoped to appeal to holders of owner-financed notes on collateral homes that were on the verge of foreclosure and who did not want to take on the rehabilitation costs, legal fees, and other expenses involved in making good on the loan. Once again, Homevestors was offering a win-win situation: Sellers of the ugly notes benefited, as did the franchisees who picked up additional inventory in their markets.
We Buy Ugly Houses will do what their name says, buy ugly houses despite repairs and cleanliness issues! They ensure that when you sell your house to them, you will pay little to no closing costs. They do not care what condition a house is in, they will still buy the property, including townhouses and apartments. A lot of variety with their buying tastes.
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