Monday, December 8, 2008
Dallas-based Homevestors expanding into Canada
This marks the first-ever international expansion for the company.
DALLAS HomeVestors of America, the company famous for its "We Buy Ugly Houses" billboards, has announced that it will begin awarding franchises in Canada. It marks the first-ever international expansion for America’s largest home buyer.
“As the credit crisis extends beyond our country’s borders so does the need for a reputable solution to people’s real estate problems,” said John Hayes, president and CEO of HomeVestors. “That is why we intend to grow our franchise network to meet a growing demand for investors. Canada is that first step.”
“We project to add as many as 1000 full-service and associate franchisees in Canada,” said Jason Killough, vice president of development for HomeVestors. “We already communicate with real estate investors in the country on a regular basis. And we agree that the HomeVestors franchise model will translate well in the Canadian housing market.”
Ranked as one of the fastest-growing companies in the real estate industry, HomeVestors is the only national franchise that specializes in buying, rehabbing and selling single-family homes. The company currently has more than 210 franchise locations serving 35 states that have purchased more than 37,000 homes.
Source: Homevestors of America