Is Home Vestors a Reputable Company?
What is a home investor company? HomeVestors are a type of company that purchases homes for profit. The company plans to resell the home for a profit, and it will be able to sell the home for a profit. In contrast, real estate agents make money by charging commissions to buyers. This makes home investors look like more trustworthy companies than real estate agents.
Cash buyer
If you’re trying to sell your house fast, a Cash buyer for Home Vestors may be a good option for you. These companies specialize in buying homes fast and are operated by real estate investors. While they have a reputation for fast closings and fair prices, this type of company is not for everyone. Listed below are some things to keep in mind before hiring one. HomeVestors’ reputation is built on trust.
No hidden fees
Unlike other cash home buyers, HomeVestors offers no commission or hidden fees. HomeVestors franchise owners make their offers based on their own knowledge of the area. They will never increase the offer to entice you to sell your home. They make their money buying homes below market value and reselling them at a higher price. Selling to HomeVestors also eliminates the need to compete with other home buyers.
Fast closing
If you are looking for a home-buying service that makes a fast closing, you might want to consider HomeVestors. The company makes fast closing offers and buys homes as-is, so you won’t have to worry about repairs or staging. The company also promises a free home evaluation so you can compare offers before deciding on one. However, you should keep in mind that this service doesn’t provide a guarantee of a fast closing, and you should ask questions before making a decision.
No realtor commission
If you’re thinking of selling your home, you may be interested in knowing about HomeVestors no realtor commission. This company buys homes for cash and will even conduct inspections. Then they make you a cash offer. Homevestors don’t require you to make repairs or stage the home before selling it. In addition, sellers don’t have to worry about a realtor commission, which can be a significant cost.
CEO’s terminal cancer
Ken D’Angelo’s terminal illness and his business was tragic enough, but that didn’t stop HomeVestors from growing. Within a week of his death, the company had graduated its largest group of new franchise owners, and continued to expand. Despite D’Angelo’s illness, the company continued to grow and hire additional executives, including his sister Betty as director of human resources and his brother Paul as director of IT services. The company was awarded Franchises in New York, Connecticut, and Massachusetts.
Customer service
While the price offered by HomeVestors depends on the franchise owner’s discretion, most locations pay between 55-70% of ARV for a home and the estimated repair costs. If the investor estimates that the home needs $120,000 in repairs, he will not offer more than this, and instead will sell it for its market value, turning a profit of $60,000 on the sale. HomeVestors customer service is excellent, and they are available 24 hours a day, seven days a week.
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