• Report: #363437

Complaint Review: Homevestors

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  • Submitted: Fri, August 15, 2008
  • Updated: Fri, July 10, 2009

  • Reported By:okc,ok Oklahoma
Homevestors
6403 Nw Grand Blvd Suite 111 Oklahoma City, Oklahoma U.S.A.

Homevestors rip off misleading Oklahoma City Oklahoma

*REBUTTAL Owner of company: We were invited to your house at your request

*Consumer Comment: I know your pain

*Consumer Comment: I know your pain

*Consumer Comment: I know your pain

*Consumer Comment: I know your pain

*Author of original report: homevestors is a rip off

*Author of original report: homevestors is a rip off

*Consumer Comment: Homevestors making lower offer than you wanted does not make them "crooks"

*Consumer Comment: Homevestors making lower offer than you wanted does not make them "crooks"

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i called homevestors a week ago and they came out today and i was upset at the guy that came out.David Sapper told me that my house was not worth buying basicly.David told me that he needed to look at everything so i thought no big deal. David then turned around and started making sure my walls and door jams was level i thought to myself i didn't call them for a inspection.

David then looked at my heaters and said he would like some of the hearters i have because of the ice storm we had a year ago. Then David looked at my power box and saw everything in my power box was up to code.Then David looked at the rest of my house and he said he was going to go outside and put some numbers together and give me a good offer on my house

Afew minuutes later David came up to me and he said that he couldn't come near the price i wanted to sell the house for.David then had the nerve to say my house needed central heat and air and that would take $11,000 to put it in and $10,000 for foundation work and $9,000 to flip the kitchen and that i was looking at getting nothing for the house.i told him No deal.Bascily he wanted me to hand him my house I DON'T THINK SO.

I WOULD NOT RECOMMEND ANYONE TO USE THE PEOPLE. THEY ARE CROOKS.

Mike connelly
okc,ok, Oklahoma
U.S.A.

This report was posted on Ripoff Report on 08/15/2008 06:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Homevestors/Oklahoma-City-Oklahoma-73116/Homevestors-rip-off-misleading-Oklahoma-City-Oklahoma-363437. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 8Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

We were invited to your house at your request

AUTHOR: Richard - ()

Mr. Connelly:

 

I am the owner of the local office (each of which is actually an individually owned franchise).

 

I regret that you feel upset at our representative's visit to your house.  Our company has purchased well over 600 houses in the Oklahoma City metro area in the past 15 years (and that doesn't count the other franchise offices in the metro).  I would estimate that 1% of the time we go searching for houses to purchase, and that 99% of the time we were invited to the home to make an offer to purchase the home.  Almost certainly, we came to your house at YOUR invitation.  And we came to your house at NO cost to you.  Usually, it only takes 15 to 20 minutes of your time.  We probably buy the house 20% of the time.  This means we got in our cars and spent out time preparting, traveling to and from the house at OUR expense. So to explain, we've been invited into well over 3,000 homes; and you say that your home was one we visited.

 

Unfortunately, we cannot make a significant offer on some of the houses we visit because of the condition of the house, especially in light of the health of the real estate market in your neighborhood.  Odd as it seems, occasionally houses we visit have outlived their usefullness.  Cast iron plumbing drain lines rust out.  Electrical systems deteriorate.  Heating and Air Conditioning Systems wear out.  Wood rots.  Foundations crumble.  Sometimes the cost to repair all these mechanical and structural sy stems exccced the value of the finished product.  And sometimes the cost of demolition exceeds the value of the lot.  You see it all over town, and most people understand.  We operate our company for profit, so it has to make business sense for us.  You paid us nothing, remember.

 

Perhaps our representative didn't use the most appropriate words.  Perhaps you are taking his off-hand comments out of context.  We will try to communicate better in the future.  If you would like me to personally come to see your house, I will.  I try to pay the most money that I can; but I have to be careful at the same time.  I have lost tens of thosands of dollars trying to "save" an Ugly House.  It doesn't always work out on my side of the bargain, I promise!

 

I do note that there is only 1 complaint from a homeowner in 15 years and at least 3,000 instances; but in any event, I object to your characterization of me and my company as a "crook".  Perhaps the mistake we made was simply being too straightforward.  Honesty isn't a crime, but perhaps we should have phrased it better.

 

The Owner.

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#2 Consumer Comment

I know your pain

AUTHOR: Goodguysfinish? - (U.S.A.)

I have done work for this company out of OKC. These guys don't spend anywhere near the kind of money for repairs that they state. They are constantly using unqualified and unlicensed contractors. The only time they use properly licensed contractors is when they get "busted". Some of the folks in the office seem okay, but the business practices are poor, the product is shotty and they have absolutely no concern for the future owner's safety or quality of investment. Is there no room for the licensed, qualified, experienced, hard working, honest, well priced good guys, or a homeowner who wants a safe, quality product in this residential rehabilitation market.
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#3 Consumer Comment

I know your pain

AUTHOR: Goodguysfinish? - (U.S.A.)

I have done work for this company out of OKC. These guys don't spend anywhere near the kind of money for repairs that they state. They are constantly using unqualified and unlicensed contractors. The only time they use properly licensed contractors is when they get "busted". Some of the folks in the office seem okay, but the business practices are poor, the product is shotty and they have absolutely no concern for the future owner's safety or quality of investment. Is there no room for the licensed, qualified, experienced, hard working, honest, well priced good guys, or a homeowner who wants a safe, quality product in this residential rehabilitation market.
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#4 Consumer Comment

I know your pain

AUTHOR: Goodguysfinish? - (U.S.A.)

I have done work for this company out of OKC. These guys don't spend anywhere near the kind of money for repairs that they state. They are constantly using unqualified and unlicensed contractors. The only time they use properly licensed contractors is when they get "busted". Some of the folks in the office seem okay, but the business practices are poor, the product is shotty and they have absolutely no concern for the future owner's safety or quality of investment. Is there no room for the licensed, qualified, experienced, hard working, honest, well priced good guys, or a homeowner who wants a safe, quality product in this residential rehabilitation market.
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#5 Consumer Comment

I know your pain

AUTHOR: Goodguysfinish? - (U.S.A.)

I have done work for this company out of OKC. These guys don't spend anywhere near the kind of money for repairs that they state. They are constantly using unqualified and unlicensed contractors. The only time they use properly licensed contractors is when they get "busted". Some of the folks in the office seem okay, but the business practices are poor, the product is shotty and they have absolutely no concern for the future owner's safety or quality of investment. Is there no room for the licensed, qualified, experienced, hard working, honest, well priced good guys, or a homeowner who wants a safe, quality product in this residential rehabilitation market.
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#6 Author of original report

homevestors is a rip off

AUTHOR: The Connellys - (U.S.A.)

i have to say homevestors is a ripoff because i have had other people look at the house and they make me a offer they don't say just hand me the house on a platter.anyway i did find a REAL BUYER and he gave me a little less than what i was asking the buyer gave me half of what i was asking and due to the troubleing home market right now i decied to take the buyer's offer and run with it.when your a so called buyer you don't tell a seller wells its going to take this much to fix this or that its just plain rude to do that .and if i was a buyer and told someone its going to take that much to fix that or that much to fix this why don't you just hand me the house you know what the owner is going to tell me ? the owner is going to tell me to go on down the road.so its just plain rude to say that to someone. what it comes down to is homevestors wants to buy these high up houses for a little of nothing.we buy ugly houses ya right its more like we buy pretty houses for $10 homevestors in okc should be shut down . most likely this is not the first time they have said this to someone and made them feel bad.

WE BUY UGLY HOUSES YA RIGHT IN YOUR DREAMS
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#7 Author of original report

homevestors is a rip off

AUTHOR: The Connellys - (U.S.A.)

i have to say homevestors is a ripoff because i have had other people look at the house and they make me a offer they don't say just hand me the house on a platter.anyway i did find a REAL BUYER and he gave me a little less than what i was asking the buyer gave me half of what i was asking and due to the troubleing home market right now i decied to take the buyer's offer and run with it.when your a so called buyer you don't tell a seller wells its going to take this much to fix this or that its just plain rude to do that .and if i was a buyer and told someone its going to take that much to fix that or that much to fix this why don't you just hand me the house you know what the owner is going to tell me ? the owner is going to tell me to go on down the road.so its just plain rude to say that to someone. what it comes down to is homevestors wants to buy these high up houses for a little of nothing.we buy ugly houses ya right its more like we buy pretty houses for $10 homevestors in okc should be shut down . most likely this is not the first time they have said this to someone and made them feel bad.

WE BUY UGLY HOUSES YA RIGHT IN YOUR DREAMS
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#8 Consumer Comment

Homevestors making lower offer than you wanted does not make them "crooks"

AUTHOR: Voiceofreason - (U.S.A.)

I have to say a few things about this article. First of all you said that you were insulted that the Homevestors employee was checking out the door jams and the floor as you did not call them for an "inspection." Really? Would you buy a car that you did not "inspect." You should never buy a house you didn't inspect either.

Just becasue they made you an offer you did not like doesn't make them "crooks." You have the right to simply say no. You really ought to consider the people you hurt by making these types of unsubstantiated comments on the web for all to see.
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#9 Consumer Comment

Homevestors making lower offer than you wanted does not make them "crooks"

AUTHOR: Voiceofreason - (U.S.A.)

I have to say a few things about this article. First of all you said that you were insulted that the Homevestors employee was checking out the door jams and the floor as you did not call them for an "inspection." Really? Would you buy a car that you did not "inspect." You should never buy a house you didn't inspect either.

Just becasue they made you an offer you did not like doesn't make them "crooks." You have the right to simply say no. You really ought to consider the people you hurt by making these types of unsubstantiated comments on the web for all to see.
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