HomeVestors® Announces Purchase Of 50000th House In Oklahoma City

PR Newswire:

HomeVestors of America, the professional homebuying franchise network that is the number one buyer of houses in the United States, has announced the purchase of their 50,000th house. The sale was finalized in Oklahoma City on November 21 by Mull Properties, an independently owned and operated HomeVestors® franchisee.

HomeVestors was founded in 1996 and celebrates 15 years in business in 2011. Company co-president David Hicks points out that the milestone is particularly notable because so much of HomeVestor’s growth has been achieved in the last few years. “In our first 10 years in business, we purchased our first 25,000 homes; it only took five more years to match that pace,” he said.

Ken Channell, company co-president, adds, “Despite the continued home mortgage and foreclosure crisis, our business experienced the second-best year in our history for adding new franchisees. We’re forecasting this pace to continue in 2012, and we believe residential real estate can be one of the best investments available today if approached properly.”

The 50,000th home purchase illustrates the basic HomeVestors model.

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