Just as the Ugly Duckling was really a swan, an ugly house may really be a gold mine.
That's the attitude of savvy individuals who, through such companies as HomeVestors, have gotten into the business of buying, rehabbing and selling single-family homes as a full-time business. It's a win-win situation; investors make a profit and, after rehab and resale, a young family is able to afford a beautiful home.
Real estate investment is a trend that continues to grow; in 10 years, HomeVestors has purchased more than 25,000 homes. For dedicated investors, the company offers franchise opportunities-some franchisees will buy more than 100 homes this year.
So where do the "ugly" houses come from? And why are they available on the cheap? There are many reasons, although some are merely homes that have fallen into disrepair. Other possibilities include:
• A divorce where the home is a marital asset that must be sold off and the proceeds split;
• An inheritance where the heirs are not interested in occupying or fixing up the old homestead, and wish to liquidate; and
• Forced relocation due to a job transfer or loss of job.
For these sellers, a company that pays cash-without the headaches of open houses, remodeling or closings-is often seen as the proverbial white knight. And for the thousands of would-be homeowners looking for their part of the American dream, the result is a variety of affordable and attractive starter homes in existing neighborhoods.
To learn more about turning ugly houses into pretty profits, franchise opportunities and more, visit www.HomeVestors.com or call (866) 249-6925. |
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