“We are both family-run companies that care deeply about the success of our agents and employees. Our new brokerage is grounded in a shared philosophy and supported by Berkshire Hathaway HomeServices, one of the fastest-growing brands in real estate", said Tom Hosack, President and CEO.
CLEVELAND (PRWEB) October 21, 2020
Berkshire Hathaway HomeServices The Preferred Realty- Northwood Realty Services announced today it will merge with Stouffer Realty of Northeastern Ohio. Stouffer will join the Berkshire Hathaway HomeServices network operating as Berkshire Hathaway HomeServices Stouffer Realty.
A brokerage superpower is created in North Eastern Ohio: Berkshire Hathaway HomeServices Northwood Realty Services will acquire Stouffer Realty who will join the Berkshire Hathaway HomeServices network as Berkshire Hathaway HomeServices Stouffer Realty. This union catapults Stouffer Realty to the number four position in sales in the marketplace among other brokerages.
The union creates a brokerage superpower of more than 2,100 agents and over 60 offices serving 22 counties in Western Pennsylvania and Eastern Ohio. The Preferred Realty and its family of companies is the No. 1 residential real estate brokerage in Greater Pittsburgh for sales volume, units and listings based on West-Penn MLS data. It is also the No. 21 company across the entire industry for units based on REALTrends data; and No. 7 in the Berkshire Hathaway HomeServices network.
Tom Hosack, Berkshire Hathaway HomeServices Northwood Realty Services president and CEO, serves as co-president and CEO of The Preferred Realty and of Stouffer Realty. Gary Stouffer of Stouffer Realty will be President of Stouffer Realty.
“This union is a wonderful fit for all parties involved,” said Hosack. “We are both family-run companies that care deeply about the success of our agents and employees. We are passionate about helping consumers with their real estate needs and aspirations. Our new brokerage is grounded in a shared philosophy and supported by Berkshire Hathaway HomeServices, one of the fastest-growing brands in real estate.”
Stouffer said the transaction brings even more opportunities for the expanded brokerage. “We thoroughly cover Northeastern Ohio with top agents and a complete line of real estate services,” he explained.
Kevin Leonard, Co-President of the Ohio BHHS division, added that the timing of the transaction is ideal. “Our markets are growing and changing, just like our competitors,” he explained. “It’s more important than ever for our agents to be supported with the most effective technology, tools, education and leadership to help them succeed. Gary’s talent, desire for growth and unsurpassed/lengthy relationships in the Northeast Ohio market is a powerful addition to our leadership team", said Leonard.
Berkshire Hathaway HomeServices Northwood Realty Services is owned and operated by Everest Consulting Group, LP. The brokerage’s sister companies include mortgage lenders West Penn Financial Service Center and People First Financial, plus Everest Insurance, LLC, and Everest Settlement. It also includes a commercial real estate division.
The Preferred Realty family includes Preferred Insurance, Preferred Settlement Services, RE Educators, Preferred Property Management Company and Referral Associates of PA.
Gino Blefari, president and CEO of Berkshire Hathaway HomeServices, applauded the union. “This is a great move for both companies,” he said. “Tom Hosack and Gary Stouffer have built a dream team that should dominate the landscape for years to come.”
About Berkshire Hathaway HomeServices Northwood Realty Services
Berkshire Hathaway HomeServices Northwood Realty Services is a locally owned, full-service real estate company serving the Western Pennsylvania area. Our affiliation with the Berkshire Hathaway HomeServices network provides us with the most advanced technology and tools in the industry. In 2019, Berkshire Hathaway HomeServices Northwood Realty Services unveiled its state-of-the-art Call Connect Program. Call Connect allows an agent to differentiate between a robocall and someone calling specifically for real estate business. This program is data-driven and allows sales professionals to create more immediate connections between clients and themselves.
For more information on Berkshire Hathaway HomeServices Northwood Realty Services, please visit https://www.northwoodrealtyservices.com/