HomeVestors of America Inc. ranked Denver No. 6 on its list of top 10 markets for residential real estate investing in the third quarter, the company said Wednesday.
A trend that became increasingly attractive in the third quarter was paying cash for houses, because of the debt crisis that has made borrowing more difficult, according to HomeVestors. The company, through franchisees, buys houses in need of repair and rehabilitates them for future resale at higher prices.
Based on HomeVestors data, the best U.S. markets for home sales, in order, are:
(1.) Dallas
(2.) Houston
(3.) Fort Worth, Texas
(4.) Atlanta
(5.) San Antonio, Texas
(6.) Denver
(7.) St. Louis
(8.) Philadelphia
(9.) Milwaukee
(10.) Richmond, Va.
Based in Dallas, HomeVestors was started in 1996 and now has more than 230 franchisees in 35 states. The company’s slogan is “We Buy Ugly Houses.”
Franchise Brands LLC of Connecticut became majority owner of HomeVestors in June 2008, acquiring 62 percent of it.
