Press Release

DALLAS (APRIL 1, 2020) – As iBuyers like Zillow and Opendoor have suspended home buying for the foreseeable future, HomeVestors, the original and only We Buy Ugly Houses® company, is continuing to purchase homes through virtual consultations. In addition to closing on existing offers, the company, America’s number one home buyer, is continuing to write new purchase contracts maintaining its commitment to sellers that need a way out of their difficult situations.

HomeVestors is the only nationwide home buyer that has weathered several national and regional crises since the company began franchising in 1996, HomeVestors feels obligated to ensure that the valuable service they provide remains available to the communities where its more than 1,100 franchises live and work.

“We are still personally interacting with sellers to buy houses, as well as continuing to train new franchises, but doing so virtually because we are committed to the safety of both our franchises and sellers,” said David Hicks, CEO of HomeVestors. “We feel a great responsibility toward helping our franchises know how best to function in this new environment, and are using technology and video to bring them not just together with each other, but also with sellers that are still reaching out for help with their difficult home situations.”

HomeVestors®’ independently owned and operated franchises will still provide consultations free of charge with no obligation, and instead of their usual in-person visits will now use photographs and video walkthroughs to help verify home condition.

“Nearly half of home sales annually occur between March and June, but the safety measures in place to prevent the spread of COVID-19 and the resulting economic decline are going to have a significant impact on that figure this year,” added Hicks. “So many of the sellers we work with under normal circumstances are grateful to have a buyer like HomeVestors, a company that is also ready to purchase their home during crisis times as well. We hope that we can provide some peace and continuity as we all navigate this uncharted territory.”

About HomeVestors of America, Inc.

Dallas-based HomeVestors of America, Inc. is the largest professional house buying franchise in the U.S. with more than 100,000 houses bought since 1996. HomeVestors recruits, trains and supports its more than 1,100 independently owned and operated HomeVestors® franchisees that specialize in building businesses based on buying, rehabbing, selling, and holding residential properties. Most commonly known as the "We Buy Ugly Houses®" company, HomeVestors strives to make a positive impact in each of its 176 markets. The company ranked on the 2019 Inc. 5000, has appeared for 12 consecutive years on the prestigious Franchise Business Review's "Top Franchises,” and for eight years on the annual Dallas 100. HomeVestors has also been recognized as the 20th fastest-growing franchise by Entrepreneur Magazine, and in 2019 ranked 30th on Entrepreneur’s Franchise 500 and 159th on the 2019 Franchise Times Top 200 Franchise Chains by Worldwide Sales.