DALLAS, Dec. 1, 2011 /PRNewswire/ -- Despite a stagnant real estate market, HomeVestors® of America is celebrating a highly successful 2011, with two key milestones spotlighted at its annual national convention this week in Dallas.
Co-presidents David Hicks and Ken Channell announced that the company, the number one buyer of houses in the U.S., has reached 49,995 homes purchased across the country, and the countdown toward the 50,000th home purchase has begun. This purchase is expected to this week. Additionally, 2011 represents a robust surge in the number of new company franchisees, adding over 50 new franchises in the past 11 months.
"This will be the second highest year for us in our history in terms of adding new franchisees," said Hicks. "It supports our viewpoint that the residential real estate market represents one of the best long-term investments available, even given the current climate."
Channell added, "With 2011 being the 15th anniversary of HomeVestors, it's particularly affirming to have reached the 50,000 homes milestone. For the past 15 years, our franchisees have dramatically changed the landscape of residential real estate by transforming eyesores into beautiful homes that people are proud to own. Our outlook for 2012 is also very positive and aggressive."
Known as the "We Buy Ugly Houses®" company, the HomeVestors business model is based on the premise of buying "ugly" houses, improving the property and either reselling it or managing it as rental property. HomeVestors operates through a nationwide network of more than 200 franchisees. In 2010, for the fifth consecutive year, HomeVestors® was among the prestigious Franchise Business Review's "Top 50 Franchises," a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.
Contact: Susie Lomelino