Howard Hanna Merger with Coach Real Estate: Creating the Largest Independently-Owned Brokerage in New York
Howard Hanna Real Estate has announced yet another merger, this time with Coach Realtors, a Long Island-based brokerage firm. The merger will create the largest independently-owned real estate brokerage in New York State, with over 7,000 agents and employees across 300 offices.
This move is part of Howard Hanna’s continued expansion strategy, which has seen them merge with several other real estate firms in recent years. In 2022, they merged with HER Realtors to become the #1 brokerage firm in Ohio. Now, with the addition of Coach Realtors, they are set to dominate the New York market as well.
The Numbers Behind the Merger
The new company resulting from the merger will have a significant presence in both upstate and downstate New York. According to Howard Hanna CEO Helen Hanna Casey, “We’ll be able to serve all of Long Island and reach into Manhattan.”
The combined company will have over $30 billion in closed sales volume and will be responsible for more than 40,000 transactions annually. This puts them ahead of other major brokerages such as Douglas Elliman and Corcoran Group.
What This Means for Homebuyers and Sellers
For homebuyers and sellers in New York State, this merger means access to an even wider network of experienced agents and resources. With over 300 offices across the state, there is sure to be a Howard Hanna agent nearby who can help you buy or sell your home.
Additionally, the size of the new company means that they will have even more resources at their disposal when it comes to marketing properties and negotiating deals. This could lead to faster sales times and better prices for both buyers and sellers.
Overall, Howard Hanna’s merger with Coach Realtors is an exciting development for both companies and for anyone looking to buy or sell real estate in New York State. With their combined resources and expertise, they are poised to become a major player in the industry for years to come.