Market Overview

HomeVestors Signs 1000th Franchise

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"We Buy Ugly Houses" Company Grows from 165 to 1,000 Franchises in
Nine Years

HomeVestors
has welcomed its 1000th franchise, reaching the growth
milestone only nine years after the We Buy Ugly Houses® company had only
165 independently owned and operated franchises. Now in 164 markets
nationwide, HomeVestors credits its rapid and sustained growth to
interest in the real estate market coupled with the ongoing success of
its nationwide HomeVestors® franchisees.

"Anyone can hang a banner and offer a real estate investing seminar, but
we provide franchises with an approach that has yielded year-after-year
without signs of abating," said David Hicks, CEO of HomeVestors. "We
train and mentor our franchises, back them with the valuable HomeVestors
and We Buy Ugly Houses brands, and then we generate distressed property
leads for them. It's that simple."

HomeVestors, which began franchising in 1996, is America's largest home
buyer, having purchased 85,000 houses as of early 2018, and averaging
about 8,000 houses purchased each year. The houses are deemed "ugly" in
advertisements, with the term applying not just to condition, but also
to the ugly situations sellers may find themselves in. Houses purchased
by HomeVestors franchisees are generally rehabbed, then sold or held as
investment properties, helping raise real estate values in the markets
served and helping drive community revitalization.

"We generally buy the houses nobody else wants and turn them into
valuable assets to their communities," added Hicks. "People that sell to
us are eager to arrange a quick transaction for cash, but are not in
possession of an asset something like an iBuyer would consider. We Buy
Ugly Houses® franchises provide a needed service to sellers while also
bringing the progress of real estate development to communities around
the country."

HomeVestors is the largest professional house buying franchise in the
U.S., and was recently ranked number 20 on Entrepreneur Magazine's
annual Fastest-Growing
Franchises list
, which is culled from Entrepreneur's Franchise 500®.

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 85,000 houses bought since
1996. HomeVestors®
recruits, trains and supports its more than 1000 independently owned and
operated 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 communities. In 2017,
for the 12th consecutive year, HomeVestors
was among the prestigious Franchise Business Review's "Top
Franchises," and ranked on the annual Dallas 100 for the sixth time. HomeVestors
was also recognized as the 20th fastest growing franchise by Entrepreneur
Magazine
, number 37 on the Franchise 500 by Entrepreneur Magazine,
and number 200 on the Franchise Times Top 200. For more
information, visit www.HomeVestors.com.

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