Intro: HomeVestors Review | Pros, Cons and HomeVestors Complaints
If you’re in the market to sell your house and need to do it fast, this HomeVestors review will give you all the information you need to decide if this is the right company to help you out.
This HomeVestors review article will provide you with crucial information including HomeVestors franchise reviews and HomeVestors complaints.
We also address concerns such as whether or not HomeVestors is legit as well as an overview of the HomeVestors of America website. This HomeVestors review will hopefully help answer any questions you have before moving forward with this service.
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Many sites on the internet offer HomeVestors reviews, and it can be difficult to know which are trustworthy and honest. Many of these HomeVestors reviews are one-sided and don’t give a full depiction of HomeVestors of America.
We lay out the pros and the cons in this well-rounded HomeVestors review. Read more about this HomeVestors review to decide if HomeVestors of America is right for you and your real estate needs.
About HomeVestors of America
Whether you are looking to buy, sell or rent a house, or even looking for a franchise opportunity, HomeVestors of America offers many services that can help. Homevestors of America is also known as We Buy Ugly Houses, and since its formation in 1996, they have purchased over 60,000 homes nationwide.
HomeVestors of America and We Buy Ugly Houses consider themselves “all cash home buyers” and will pay cash for any home they purchase. They will then revamp these properties and sell them to buyers or investors or simply rent them out. HomeVestors of America are home buyers who work to help you get out of your sticky situation, no matter what the reason is, while providing great opportunities for investors and buyers.
In 2013, HomeVestors of America was rated as “Best Real Estate Franchise” by franchisehelp.com, and for four years in a row, HomeVestors of America made the “Fastest Growing Franchises” list by Entrepenuer Magazine.
Those accolades may come in part from this: HomeVestors of America claims that they can close in as little as one week. This may sound too good to be true, but there are testimonals on HomeVestors of America’s website that prove their point.
HomeVestors Review: Need to Sell Your House?
Our HomeVestors review found that the process of selling a home is not just fast; it also appeared to be very simple and straight forward. All homes are taken into consideration by HomeVestors of America, including condos, townhouses, duplexes and even some commercial buildings. HomeVestors of America will buy your house in any condition, even homes that need repairs or fixing up. They’ve seen it all, so you don’t have to worry about the condition before contacting HomeVestors of America.
HomeVestors Review: Looking to Buy a House?
Maybe you are in the market to buy a house. If so, HomeVestors of America can help. On the HomeVestors of America website, you can search a map that will show you the homes for sale in your state of choice. Currently, HomeVestors of America franchisees have homes for sale in 37 states. This program is great for first-time home buyers or people looking for inexpensive income properties.
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HomeVestors of America offers a wide selection of homes that have been selected by the 500 HomeVestors franchisees. Although they may need some work, you will get great value from these homes, and HomeVestors of America homes are ideal for those interested in flipping or rehabbing houses. If you can look past the rough exteriors and are willing to put in a little elbow grease, this could be a great investment.
Since HomeVestors of America buys homes for cash, they don’t expect huge down payments on these properties. HomeVestors of America has created special mortgage financing opportunities, making this program a viable option to almost anyone, regardless of your financial scenario.
Our HomeVestors review helped us come to the conclusion that this would be perfect for you if you are a first-time home buyer who is on a tight budget and looking for a great deal. This program from HomeVestors of America is also ideal for those who are looking for additional rental properties.
HomeVestors Review: Want to Rent out a House?
HomeVestors of America have great rental properties if you’re looking to rent a house to tenants. These houses have been carefully selected, renovated and updated by one of the 200 HomeVestor franchisees with the sole purpose of providing you with a great rental.
HomeVestors of America rental properties may need a little fixing up, but if you’re willing to put in some work, they can be transformed into beautiful rentals, perfect for an additional income property. HomeVestor franchisees are experienced at searching and finding “hidden gems.” They see the true potential of these homes, even if they aren’t in pristine condition.
HomeVestors of America also provides a map of available properties in 33 states nationwide. Simply click on the state of your choice and a list of rental properties in that state will appear. This service is absolutely free, and you don’t need to make any commitment to renting with HomeVestors of America.
HomeVestors Review: Investment Opportunities
HomeVestors of America has investment options for those new investors or even seasoned investors looking to purchase additional properties. HomeVestors of America has been considered one of America’s top companies that buy houses since 1989. Investors can purchase properties that have been renovated by HomeVestors of America or ones that need work done.
The properties that have not been fixed by HomeVestors of America sell way below market value, giving you an outstanding deal. If you are looking for a fixer-upper, you’ve come to the right place! You can also have a HomeVestor franchise purchase any of your excess inventory for cash.
Working with local HomeVestor franchisees makes the process of buying an investment property quick and easy. HomeVestor franchisees scout out homes that may need a little work, purchase them at below market value and sell them to investors at a low price. This makes it a win-win for both you as an investor and HomeVestors of America.
If you’re in the market for an already renovated property, you can find one through a local HomeVestor franchise.
They do most of the work for you; all you have to do is purchase the property and start reaping the benefits. If you already have an investment property that is more of a headache to you than a beneficial source of income, HomeVestors of America will gladly buy your real estate investment property “as is” for a cash price.
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HomeVestors Review: Franchise Opportunities
Whether you are looking to pursue a career in real estate or would like to explore owning your own HomeVestors of America franchise, there is an opportunity for you! Awarded the Franchise Satisfaction Award by Franchise Business Review in 2014, HomeVestors franchisees have a proven track record that shows they are credible and reliable. This honor is awarded to top business franchises, and HomeVestors of America has received this accolade for eight years in a row.
HomeVestors franchisees can expect to pay an initial franchise fee of $50,000 to get started in the business. It is hard to measure this against other franchise fees as it would be comparing apples to oranges (or, more specifically, real estate to pizza).
FranchiseChatter also lists other costs that come with starting a franchise, like office furniture and insurance, that you may want to consider before you look too closely into starting a HomeVestors franchise or any other kind.
Is HomeVestors Legit?
If you are looking to own your very own real estate franchise, beware of phony companies. But is HomeVestors legit? HomeVestors has been accredited with the Better Business Bureau (BBB) since 2013 and has received an A+ grade from the business review company.
Also, on the BBB website, HomeVestors of America has received a total of three complaints, all of which have been closed. These things do not speak to whether or not HomeVestors is a wise investment, but it does speak to the relative safety you can hope to enjoy from this company.
In a different vein, it seems that many individuals and companies have attempted to steal the We Buy Ugly Houses trademark. HomeVestors of America advises not to trust anyone who says they are We Buy Ugly Houses, unless they are affiliated with HomeVestors of America. If they claim they are We Buy Ugly Houses and aren’t associate with HomeVestors of America, they aren’t legit.
The HomeVestors of America website even goes as far as to explain how to avoid We Buy Ugly Houses real estate scams. To avoid these scams, HomeVestors of America advise that you do your homework and watch out for companies that charge upfront fees or ask for payment in cash.
Fraudulent companies or individuals might also try to take advantage of you by asking for “application fees” or “credit processing.” If you run into a scenario like this, run the other way! Legitimate real estate investing companies generally take payment at the end of the deal. HomeVestors of America will never ask for any fees upfront. They make their profit from renovating and re-selling houses, and you are the one who gets paid when working with HomeVestors of America.
Overall, our HomeVestors review came up clean in terms of legitimacy. However, there are many negative reviews on websites like RipoffReport that would be worth perusing before jumping into a contract with HomeVestors.
Still, the website is straightforward and easy to navigate, and the information for each service was clear. The fact that HomeVestors of America has been in business since 1989 and has received awards from various business reviews year after year, including the only real estate franchise on the 2012 50 Franchisee Satisfaction Awards lends some credence to this real estate company.
If you are researching possible real estate franchise businesses or would like to sell, buy, or rent out property, HomeVestors of America may be an option. By reading reviews for HomeVestors and other similar companies, you should start to get a sense of whether this company will fit your needs.
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