America's Largest Homebuyer Expands in Philadelphia

PHILADELPHIA, Aug. 20, 2013 /PRNewswire/ -- Philadelphia business owners Eric P. Lahoda and Pamela E. Lahoda of Lahoda Holdings, Inc. and Chirag Patnaik of Konark Development, L.L.C. Roy Swan of Interactive Real Estate Systems, Inc. have joined as new franchisees with HomeVestors of America, the largest professional home buying network of independently owned and operated franchisees in the U.S.  Also referred to as the "We Buy Ugly Houses" company, HomeVestors has added more than 100 new franchisees nationwide since January.

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"This number is remarkable and attests to continued strong interest in real estate investment in the Boston area," said HomeVestors' co-president David Hicks.

HomeVestors of America, the We Buy Ugly Houses® franchise, was founded and began franchising in 1996.  Since then, HomeVestors franchisees have purchased over 50,000 homes nationwide, which is no small feat.  However, from 1996 to the end of 2012, the company has added new franchisees in 36 states across the U.S. In just three months, since January, HomeVestors has added over 100 new franchisees to kick off 2013.

HomeVestors' rapid growth comes amid the housing comeback. "The number of additional new franchisees during 2013 is an indication that investors increasingly believe what we know is true -- that there is continued opportunity in the market," said HomeVestors' co-president, Ken Channell.  "We are committed to our franchisees to help encourage continued growth and success this year."

About HomeVestors of America, Inc.                                       

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S.  HomeVestors trains and supports franchisees that specialize in buying and rehabbing residential properties.  Also known as the "We Buy Ugly Houses" company, HomeVestors strives to make a positive impact in each community.  In 2013, for the eighth consecutive year, HomeVestors was among the Franchise Business Review's "Top 50 Franchises," a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

For more information:
Susie Lomelino
slomelino@calisepartners.com
214.564.3285

SOURCE HomeVestors of America, Inc.