Category Archives: HomeServices of America

Intero Commercial’s Efi Luzon Named the #2 Individual Sales Agent for Transaction Volume in REAL Trend’s “The Thousand”

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Efi Luzon, senior vice president of Intero Commercial was recently named the number two individual sales agent for transaction volume in the nationwide REAL Trend’s “The Thousand” announced on June 23, 2017.

David Troyer and his team of REALTORS from Intero Real Estate Services’ Los Altos office were named the twenty-seventh team for transaction volume.

The awards program acknowledging the most accomplished one thousand agents was developed in conjunction with the Wall Street Journal, Custom Studios, and REAL Trends, a leading source of analysis and information for the residential and commercial real estate brokerage industry. REAL Trend’s “The Thousand” recognizes individuals and teams who exhibit superior performance, oftentimes, as mentioned on REAL Trend’s website, “nearly 20 times” that of their peers. Categories consist of total number of real estate transactions, total transaction volume, and average sales price, over a year period. The REAL Trend’s “The Thousand” report, verified by an independent third party, reveals Efi’s total transaction volume as $834,574,000 and the Troyer Group’s total transaction volume as $311,727,034.

Efi’s and David’s career performance that led to this recognition comes as no surprise to the many colleagues who have seen firsthand their accomplishments.

After many years of witnessing Efi’s consistent performance in negotiating complex multi-million dollar deals, John Thompson, Intero COO, says, “Efi truly deserves this acknowledgement. The sheer number of successful deals throughout his career in real estate is testimony to Efi’s exceptional negotiation skills, his amazing patience and fortitude, and his ability to understand and expertly manage the intricacies of complicated transactions.”

Intero’s president and CEO, Tom Tognoli, comments, “I watch David and his team with amazement. They’re a powerhouse of resolve and business savvy with every real estate transaction. I am grateful to have such accomplished REALTORS and teams as part of Intero. Efi and David are models of the type of business ethics and commitment level Intero strives for and comes to expect from every realtor. We couldn’t be happier for all our agents that made the list!”

Additionally, Intero Real Estate saw many more of their own agents recognized this year in “The Thousand.” “We would also like to acknowledge other exceptional individuals and teams from Intero that made the top 1000,” Tom Tognoli continues. “We’re so proud of each and every one, and we will continue to support them all to keep reaching significant milestones in their careers at Intero.”

Agents and teams from Intero who cleared the top 50 of the prestigious The Thousand:

∙ #2 Individuals by Transaction Volume Efi Luzon
∙ #27 Teams by Transaction Volume The Troyer Group

Intero individual agents and teams who made The Thousand’s top 250:

∙ #162 Teams by Transaction Volume Tse Group
∙ #201 Individuals by Transaction Volume Valerie Mein
∙ #247 Individuals by Transaction Volume Greg Goumas

Intero Real Estate Services is a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Intero Real Estate Services Agents Receive Recognition at NAHREP”s Top Latino Agents Awards

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Berkshire Hathaway’s Intero Real Estate Services, a wholly owned subsidiary of HomeServices of America, Inc., has announced the recognition several of their associates received at the 2017 National Association of Hispanic Real Estate Professionals (NAHREP)

Top Latino Agents Awards. NAHREP is a purpose-driven organization that is dedicated to a combination of entrepreneurial spirit, cultural heritage, and the advocacy of its members.

There were over six hundred nominations this year, and we are proud that our agents finished strongly in a number of categories.

Erika Carrasco and Joe Velasco finished in the Top 250 in the units sold category.

Finishing in the Top 100 in sales volume were Erika Carrasco and Carlos Padilla.

The Top 100 California Latino Real Estate Agents list included Erika Carrasco from the Silver Creek office, Joe Velasco from the Saratoga office, Carlos Padilla from the Los Altos office, Juan Barragan from the Livermore office, Juan Jara from the Corona office, and Sirilio Ortiz from the Rancho Cucamonga office.

Tom Tognoli, founder and CEO at Intero said of the award winners, “We are so proud and happy to see our agents recognized for their hard work and dedication to their clients, the industry, and Intero. We could not ask for a better group of people to receive these honors and we thank them tremendously for their commitment to excellence.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Intero Real Estate Services Partners With Kukun

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Intero Real Estate Services, Inc., a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc., today announces its partnership with Kukun, an online platform that helps homeowners navigate the home remodeling process.

Available now, Kukun provides all area listings with estimated home renovations costs and the return on investment (ROI) for potential buyers through their website widget on interorealestate.com.

Early results shared through data gathered from the Kukun widget show that the average monthly percentage of homebuyers that check the costs of a home upgrade is 250 percent of the overall listings on Intero’s site, with the most popular renovation estimates being for kitchen and baths, followed by windows and garages. About 12 percent of these users took the next step in searching for contractors for the renovations on Kukun.

“Kukun’s integration gives people more informed buying decisions by providing a transparent view of upgrade expenses and the ROI. With a click of a button, our integration gives the total cost of ownership with estimated renovation costs,” said Raf Howery, CEO and co-founder of Kukun. “Home buyers often want to purchase a turn-key home but can’t afford one in their desired area. Many older homes have the potential to become their dream home with a little TLC, but often fear of renovating causes potential buyers to look elsewhere or remain renters. This is especially true of millennial, first-time buyers who desire to live in big cities and high demand town centers. They often have to purchase an older home that needs work and being able to determine the ROI in real time, allows them to make more educated decisions. By integrating Kukun, homeowners can see exactly what renovation needs to be done, how much it will cost, and what their property will be worth once complete. By informing people, it allows them to make more educated choices.”

Available immediately, all of the real estate listings on Intero Real Estate Services’ website include Kukun’s solution. Future homeowners will also be able to access contractors’ permits in the neighborhood, so they can find vetted contractors who are referenced by neighbors. This eases the pain point for many homeowners of being concerned if the contractor they select is credible.

“As a forward thinking real estate company, we’re excited to continue to advance our services through technology to make the home buying and selling experience better and more transparent,” said Tom Tognoli, Intero President & CEO. “By integrating the Kukun solution into every listing on our website, we can bring extreme value to both consumers and our own agents.”

Kukun is building the bridge between the construction, real estate, loan and retail industries by creating an orchestration platform that accompanies the customer on their home renovation journey from knowing their estimated costs to completing their renovation.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Real Living Real Estate Touts Industry-Leading Customer Satisfaction Rating

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Berkshire Hathaway’s Real Living Real Estate has announced that its agents received a 97% customer satisfaction rating for 2016, according to independent ratings service, Quality Service Certification, Inc.
(QSC).

This is the second consecutive year the brokerage network scored 97%.

Through Real Living’s innovative Real Living 360 Service® program, the network asks customers to candidly rate the performance of their sales agent. QSC administers and validates these customer service satisfaction results following closed transactions for participating agents.

“The high ratings are a real win for our brand, especially when coupled with Real Living Real Estate recently being named Real Estate Agency Brand of the Year and Most Trusted Real Estate Brand in the 2017 Harris Poll EquiTrend® Study,” said Robert McAdams Jr., president of Real Living. “We are most trusted because of the industry-leading
service we consistently provide to buyers and sellers.”

The latest results from QSC place Real Living at the top of the real estate industry for customer satisfaction, based on responses from thousands of home buyers and sellers. A full 92% of buyers reported being very satisfied with the buying process and service provided by Real Living network professionals, while 89% of sellers said they were very satisfied with the selling process. In the latest report from the National Association of REALTORS®, only 60% of buyers said they were very satisfied with the buying process and service provided by their real estate professional while 61% of sellers said they were very satisfied with the selling process.

“Sharing performance guidelines and expectations speaks volumes about how genuinely we care about giving everything we can to our buyers and sellers,” said Lou Ann Pittman, director of relocation services at Real Living Pittman Properties. “Real Living 360 Service is not just a trade tool; it is a lifestyle our agents have developed and continue to improve upon each and every day in order to be the very best in the industry.”

Gino Blefari, CEO of HSF Affiliates, congratulated Real Living on the network’s industry-leading scores. “As the latest numbers show, Real Living network agents continue to deliver quality service year after year,” said Blefari. “This 97% overall satisfaction rating further proves the network’s dedication to only the very best in customer
care.”

Real Living Real Estate is a network brand of HSF Affiliates LLC, which is majority owned by Berkshire Hathaway’s HomeServices of America, Inc.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is
no guarantee of future results.

Intero Real Estate Services Recognized with Leading RE Awards

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Intero Real Estate Services, Inc., a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc, received recognition at the Leading Real Estate Companies of the World annual Awards Gala on March 2, 2017 in Miami.

Leading RE is a global community of more than 550 high quality independent real estate firms with offices around the world.

Intero serves Northern California with 16 offices throughout the greater Silicon Valley. The Intero Franchise network is comprised of nearly 50 affiliates located in Alabama, Arizona, California, Nevada, Tennessee and Texas. The company is headquartered in California’s Silicon Valley.

In addition to the awards received, Intero collected a record number of nominations this year. The dedication Intero applies to excellence in real estate is reflected not only by devoted and skilled associates, but also Intero as a whole for its outstanding accomplishments in 2016.

Intero was one of the recipients of the Top Five Outgoing Closers Award, given to companies with the highest volume of property sales. Having received this award, Intero has accepted its position by improving outgoing referral equivalent closings by 217% in 2016, as well as continuing its commitment to offering unparalleled service and advocacy for their clients. In addition, Intero also received the Momentum Club Award from LeadingRE for its continued efforts in expanding its scope of influence in their field.

Tom Tognoli, President and Chief Executive Officer at Intero says of the awards received, “The dedication our agents put forth in order to not only service our clients, but also giving their time and expertise to the greater community of real estate professionals is something we take great pride in. And, this year, we are very happy to see one of our own acknowledged for her outstanding contributions.”

Diana McGrogan, Director of Relocation at Intero, was acknowledged individually by receiving the President’s Service Award. Her efforts on behalf of Intero and her clients is well-recognized not only by her co-workers and customers, but also by receiving this esteemed accolade from LeadingRE. Diana works hard for her clients, ensuring they are represented by only the most dedicated agents and brokers.

Diana says of her award, “It’s been a great opportunity to work at Intero, and having received this award. Being a member of Leading RE’s Relocation Advisory Council, I recognize the importance of working with our associates out in the field.” Diana continues, “Our team at Intero has received these recognitions not only through our individual contributions, but by working together to achieve our company goals.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

ReeceNichols Has Biggest Year in 16 Years

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Berkshire Hathaway’s Kansas City real estate company, ReeceNichols, achieved its most successful year in 16 years in 2016 and helped 20,278 Kansas City families buy and sell their homes.

The company is a wholly-owned subsidiary of Berkshire’s HomeServices of America, Inc.

The company has over 2,300 real estate sales professionals operating out of 18 offices throughout Kansas City and its surrounding counties — maintaining its position as the largest real estate company both in the metropolitan area and throughout Missouri and Kansas.

The ReeceNichols family of services enjoyed similarly excellent results. HomeServices Lending helped over 1,200 families purchase homes, and three of their lending officers ranked in the top 10 nationally for all of HomeServices Lending. In addition, Reece & Nichols Insurance provided peace of mind and security for 400 households, and Kansas City Title navigated over 8,000 people through the home closing process. The ReeceNichols Alliance offices — which span north to St. Joseph, Missouri; east to Columbia, Missouri; south to Ottawa, Kansas; and west to Junction City, Kansas — closed 4,205 transactions with over $656 million in residential sales volume.

“These records and achievements are a direct result of our outstanding sales professionals, who are deeply committed to serving Kansas City,” President & CEO Linda Vaughan said. “We do our best to equip them with the best technology and tools to serve their clients, but all 2,300 of our team members are responsible for creating those rewarding experiences to home buyers and sellers. Our family of services strive to work seamlessly with our branch offices to help our clients enjoy the smoothest home buying and selling experiences.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Berkshire’s HomeServices of America Acquires Houlihan Lawrence

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In a major acquisition, HomeServices of America, Inc., a Berkshire Hathaway company, has added over a thousand sales associates in the New York Area. HomeServices has acquired Houlihan Lawrence, one of the leading real estate firms serving New York City’s northern suburbs.

Financial terms of the transaction were not disclosed.

Headquartered in the northern suburbs of New York City, Houlihan Lawrence serves the Westchester, Fairfield, Putnam, Dutchess, Orange and Ulster counties of New York and Connecticut with 1,300 sales associates operating in 30 sales offices. In 2016, Houlihan Lawrence closed $6.7 billion of sales volume.

Established in 1888, Houlihan Lawrence has been known to generations of buyers and sellers for its leadership in luxury representation and local expertise delivered by a team of knowledgeable agents coupled with the firm’s renowned advanced technologies and data driven insights. Nancy Seaman will step aside as chairman while her brothers Stephen Meyers, president and CEO, and Chris Meyers, managing principal, will continue to lead the firm’s strategic growth initiatives and manage day-to-day operations together with their sales management teams. Houlihan Lawrence, like other locally-branded brokerage companies under the HomeServices umbrella, will retain its name.

“We are joining an organization known for its strength and stability,” said Stephen Meyers. “Our partnership secures the future of the firm without changing the exceptional culture that is core to our storied brand. We are thrilled with this announcement and the many benefits it brings to our clients and agents.”

“When you combine the incredible strength of our people and the remarkable history of our success with the unsurpassed financial stability of HomeServices, there is no limit to what we can accomplish,” added Chris Meyers.

“Nancy, Stephen and Chris, together with their team of sales managers and agents, have built an extraordinary organization and exemplify a level of expertise and leadership that is second-to-none in the real estate business today,” said Ron Peltier, chairman and CEO, HomeServices. “Their culture of integrity and innovation closely aligns with our corporate vision and our emphasis on customer value and results.”

With this transaction, HomeServices has nearly 29,500 real estate professionals operating in nearly 570 offices across 28 states. In 2016, the company’s associates facilitated more than $93 billion in residential real estate sales.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

HomeServices of America Acquisition Brings Entry into Dallas–Ft. Worth Region

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Berkshire Hathaway’s HomeServices of America  has announced the acquisition of Allie Beth Allman & Associates, a recognized leader within the Dallas luxury real estate market.

Terms of the acquisition were not disclosed.

The acquisition represents HomeServices’ entry into Texas and the Dallas–Ft. Worth region.

Headquartered in Dallas, Allie Beth Allman & Associates serves the Dallas–Ft. Worth metropolitan area and surrounding communities with 335 sales associates.

Since 2007, Allie Beth Allman & Associates has consistently ranked in the top-five market share in Dallas County by sales volume and in 2014 closed nearly 2,100 units and $1.5 billion of volume.

Founded in 2003, Allie Beth Allman & Associates is recognized as the highest-grossing, single office residential real estate firm in Dallas, and the name is synonymous with exclusive estates, high-profile clientele, and superior customer service. Allie Beth Allman, founder and chief executive officer, is among the most influential leaders in North Dallas and is known for her industry expertise and leadership, as well as her extensive civic and philanthropic contributions. Allman, together with her executive and sales management team, will continue to lead the firm’s growth initiatives and manage day-to-day operations.

About HomeServices of America

HomeServices has nearly 26,500 real estate professionals operating in 480 offices across 27 states. In 2015, the company’s associates will facilitate over $77 billion in residential real estate sales and more than 220,000 transactions.

© 2015 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.