We Buy Ugly Houses

We Buy Ugly Houses

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About

About We Buy Ugly Houses

We Buy Ugly Houses was originally founded in 1989 as HomeVestors of America. In 1996 the We Buy Ugly Houses franchise model came about, and between the two, more than 100,000 homes have been purchased nationwide. 

There are about 1,100 franchisees represented in 45 states. Franchisees with We Buy Ugly Houses are home buyers and real estate investors who purchase “ugly” homes, which can be homes that are hard to sell or homes that have put the homeowner in a position where they are trapped in it. We Buy Ugly Houses purchases these homes and fixes them up to be able to rent them or sell them to investors or buyers. Their goal is to help homeowners get out of an “ugly” situation and move on from the home that had them captive. 

Quick Factspexels-ksenia-chernaya-5691545

  • We Buy Ugly Houses is a franchise model
  • “Ugly” houses is not actually referring to curb appeal, but rather to the condition of the home for various reasons 
  • Homes are purchased at a discount since franchisees will be renovating 
  • We Buy Ugly Houses can give a cash offer at the first meeting 
  • Homes can be closed on as quick as three weeks

How does We Buy Ugly Houses work?

For anyone wanting to sell their house fast, We Buy Ugly Houses might be the right option. Their home purchasing process is as easy as 1,2,3. First you would call We Buy Ugly Houses with information on your home that you would like to sell them. Second, a local franchisee will reach out to you and help schedule a visit. The franchisee will evaluate the home, and help answer any questions about the process. If buying the home makes sense financially, We buy Ugly Houses will make a cash offer. Third, would be deciding if you would like to accept the cash offer, and if so you get to set up your closing time based on your own schedule. 

Who is We Buy Ugly Houses best suited for? 

We Buy Ugly Houses is a good option for anyone that is looking to sellpexels-scott-webb-1029599 their home quickly. Some examples of people that have used We Buy Ugly Houses are people relocating for a job transfer, someone going through a divorce, people wanting to get rid of a rental property that has problem renters, someone that needs to sell an inherited property, anyone not wanting to deal with structural or repair issues, and of course those that just simply want to move without the hassle of the traditional real estate process. 

What makes We Buy Ugly Houses different?

We Buy Ugly Houses is a franchise model, making it different from other cash for home companies. The franchisees are the home buyers that purchase the “ugly” homes. They are investors that are given the opportunity to buy homes for a lower cost with advertising benefits from We Buy Ugly Houses.

What are the benefits of being a We Buy Ugly Houses franchisee? 

We Buy Ugly Houses franchisees get access to comprehensive and supplemental training courses, marketing rights to We Buy Ugly Houses trademark, relationships with national vendors, financing source accessibility for qualifying homes, and software for evaluating property and real estate valuation. In addition to all of these benefits, franchisees have more freedom in their career and get to help their community by purchasing homes that help get people out of a bad situation. They also help revive the community by upgrading homes in the neighborhood and bringing in new families. 

 

FAQs

We Buy Ugly Houses franchisees evaluate a number of factors including renovations needed, time needed to complete the renovations, condition of the home, post renovation evaluation compared to homes in the neighborhood, real estate commissions, and the cost to maintain the house until its in sell condition including the costs of insurance, utitilies, loan payments, taxes etc.

They buy condos, duplexes, townhomes, multi-tenant buildings and some commercial properties.

We Buy Ugly Houses can get you the cash in as little as three weeks after accepting the cash offer.

Chris Heller Headshot

About the Author

Chris Heller brings 27 years of experience in real estate. Chris serves on the AgentAdvice Editorial Board and is the Chief Real Estate Officer at OJO Labs. Chris brings deep expertise having held influential industry positions including CEO of mellohome and former CEO of Keller Williams Realty International.

Last Updated: 7/2/2021

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