We Buy Ugly Houses. How Does It Work?

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I didn't even know "We buy ugly houses" is a franchise. Does anybody how that works? I am just curious.

Comments(3)

  • jeff1200217th April, 2004

    Check out there website, It's listed on their signs.

  • jam20017th April, 2004

    I saw the signs today, and it's Homevestors. I think you just gotta buy a franchise... They're kinda strange. I've called about their houses before, they don't give ARV's, repair estimates, nothing. It took three emails to them before I ever got a response. Then the house I got a response on, they said they'd already sold it, then it stayed on their website forever, don't know as they ever DID really sale it. I figgered they just didn't want to really sale houses, so I quit looking at anything they've got listed.

  • InActive_Account17th April, 2004

    Their franchise fee is $50,000.00 plus you need a minimum of $100,000.00 in working capital. Also from what I have read about them they get a 10% fee from the sale price of each house and encourage the franchise holders to do no more than 12 deals a year. It looks like to me they make the money,you take all the risk. Just my opinion.

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