Archive for November, 2010

Top 10 Things We Have Learned from Buying Houses for 15 Years

Thursday, November 4th, 2010

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As co-president of Dallas-based HomeVestors of America, Inc., the #1 buyer of houses in the U.S., David Hicks is often asked for advice based on the company’s 15-year track record helping real estate investors buy and sell “ugly houses.”  The first real estate franchise company of its kind, with just under 200  franchises in 33 states, HomeVestors trains and supports its independently owned and operated franchisees who specialize in buying houses at a discount and rehabbing single-family residential properties.  Over the next few days, we will cover the Top 10. Here are the first two:

  1. Ugly means many things!  Many times “ugly” signifies a house with serious repairs needed simply due to time and age.  Other times, it means a house that may have been very lovely in its day, but by current standards it needs an update.  And then there are personal situations such as houses that need to be sold quickly due to divorce or death.
  2.  There’s always a market for buying ugly houses.  No matter where we are in the national or local real estate cycle, there’s always an ample supply of ugly houses to buy.  That’s because houses naturally age, consumer tastes and interior designs constantly change, and ugly situations (such as death and divorce) are, unfortunately, inevitable.

New HomeVestors Franchise in Charleston, SC

Wednesday, November 3rd, 2010

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Congratulations to Wil Hutto, HomeVestors new franchisee in Charleston, SC

Wil will be working with Development Agent Scott Freshwater and his buyer Rob Caldwell, and buying Ugly Houses in Berkeley, Charleston and Dorchester Counties of South Carolina.

Congratulations to Wil and DA Scott Freshwater!