Latest news with #HomeServices
Globe and Mail
5 days ago
- Business
- Globe and Mail
Sheldon Peters Founder of SP Publishing, Inc Launches M&A Fund to Acquire Home Service-Based Businesses
Sheldon Peters is currently raising capital from accredited investors. Seasoned real estate investor and business coach Sheldon Peters has announced the launch of a new mergers and acquisitions (M&A) fund dedicated to the home service sector. This fund targets businesses in construction, HVAC, roofing, and other home services industries, focusing on companies with annual revenues between $3 million and $10 million. Peters sees significant untapped potential in this sector, remarking, 'The home service sector is often overlooked, but it is integral to daily life in America. It's a steady industry that's been around for generations, and now it's ready for consolidation. Many smaller companies in this space don't get the attention of large corporations, creating a real opportunity for growth.' With a wealth of experience and more than 1,000 real estate transactions under his belt, Peters is no stranger to the business world. Over his 15-year career, he has mentored and coached countless investors and has ownership stakes in a number of service-oriented businesses. His deep expertise and hands-on experience in the sector uniquely position him to lead this new initiative. 'We're currently raising capital from accredited investors, but we don't have much allocation left,' Sheldon Peters added. The M&A fund, managed by Sheldon Peters Business Acquisition and Syndications, is designed to fuel the growth of essential home service businesses. By focusing on businesses with $3-$10 million in annual revenue, the fund aims to provide the capital needed for consolidation, operational improvements, and enhanced market competitiveness. By leveraging Peters' industry knowledge and experience, the fund seeks to identify businesses that can thrive under strategic investments, offering them the chance to scale and grow in an increasingly competitive marketplace. For any inquiry, contact Sheldon Peters at 1-844-945-4349 or email support@ To learn more, visit the official website of SP Publishing, Inc:
Associated Press
22-05-2025
- Business
- Associated Press
Elite Plumbing, Heating & Air Conditioning Expands Service Area to Las Vegas
05/21/2025, Las Vegas, NV // KISS PR Brand Story PressWire // Elite Plumbing, Heating & Air Conditioning is excited to announce the expansion of its services to the greater Las Vegas area. This strategic move is driven by the growing demand for dependable AC repair and installation in one of the fastest-developing metropolitan regions in the country. With Las Vegas experiencing extreme temperatures—soaring in the summer and dipping in the winter—residents and businesses need reliable systems to stay comfortable year-round. Elite is well-equipped to meet this need with its professional air-conditioning services, from basic AC repairs to comprehensive system installations. A fully licensed and insured company, Elite Plumbing, Heating & Air Conditioning Las Vegas has a team of trained and certified professionals committed to top-notch service. With its expansion into Las Vegas, the company now offers a full range of HVAC solutions to more customers, including AC repair, service, and installation; commercial HVAC work; heating system repairs; and HVAC duct cleaning and repairs. Each service is tailored to meet the needs of residential and commercial clients, ensuring effective and long-lasting solutions. For those searching online for AC repair Las Vegas, Elite Plumbing, Heating & Air Conditioning is a reliable choice. Its presence in Las Vegas means faster response times and local technicians who understand the unique challenges of desert climates. Customers also benefit from 24/7 emergency services, ensuring help is available whenever it's needed—whether it's 3 AM on a weeknight or a Sunday afternoon. Its Las Vegas AC repair contractors are all Trane-certified specialists, equipped with advanced knowledge and expertise. They are committed to not only providing high-quality HVAC solutions but also treating customers and their properties with the utmost care and professionalism from the moment they arrive. Elite Plumbing, Heating & Air Conditioning Las Vegas has earned positive reviews on platforms like Google, Facebook, and Nextdoor, consistently praised for its transparent pricing, quick diagnostics, and courteous service. Whether it is a broken air conditioner during a scorching summer or a faulty heater in winter, Elite delivers efficient solutions with minimal disruption to daily life. Elite Plumbing, Heating & Air Conditioning also takes pride in offering upfront estimates with no hidden fees. Its team clearly explains all work before proceeding, so customers feel informed and confident in their choices. With a focus on customer satisfaction and long-term value, Elite has built a loyal client base through repeat business and word-of-mouth referrals. The company serves customers throughout Las Vegas, North Las Vegas, the greater Clark County area, Henderson, and surrounding communities. To learn more about Elite Plumbing, Heating & Air Conditioning and its AC repair Las Vegas services, visit About Elite Plumbing, Heating & Air Conditioning Elite Plumbing, Heating & Air Conditioning is a family-owned and operated company proudly serving Las Vegas, Nevada, and the surrounding areas since 2005. As a full-service heating, cooling, and plumbing provider, it has built a strong reputation through an extensive list of satisfied customers. The company is dedicated to earning trust through quality workmanship, excellent customer service, and professionalism. Elite offers comprehensive heating, cooling, plumbing, and maintenance solutions tailored to meet the needs of homes and businesses throughout the Las Vegas region. ### Media Contact Elite Plumbing, Heating & Air Conditioning 3085 E Post Rd, Las Vegas, NV 89120 (702) 263-2665 newsroom: Source published by Submit Press Release >> Elite Plumbing, Heating & Air Conditioning Expands Service Area to Las Vegas
Yahoo
01-05-2025
- Business
- Yahoo
New CEO at Buffett's HomeServices says buyers, sellers can handle tariffs, changes
By Jonathan Stempel OMAHA, Nebraska (Reuters) -The new chief executive of Berkshire Hathaway's HomeServices of America said worries about the impact of tariffs on mortgage rates are weighing on home buyers and sellers, but were unlikely to significantly dent sales of existing homes. "When mortgage rates are fluctuating because the underlying economy is fluctuating, it causes buyers and sellers to stay on the fence," Chris Kelly, who took over the largest U.S. residential real estate brokerage on April 15, said in a recent interview. Higher borrowing costs contributed to a greater-than-expected 5.9% drop in March U.S. sales of existing homes, to a seasonally adjusted 4.02 million unit annual rate, with more weakness likely as tariffs fan fears of a recession. "The high degree of volatility we've seen in the last couple of months is giving buyers and sellers a little bit of pause," Kelly said. "But there are still 4 million people who are going to make a move this year." HomeServices is a unit of Berkshire Hathaway Energy, which is part of Warren Buffett's conglomerate, and owns or franchises more than 2,200 brokerage offices with over 82,000 agents. It lost money in 2024, largely from its $250 million settlement of antitrust litigation accusing the National Association of Realtors and brokerages of inflating commissions. HomeServices was the last defendant to settle the landmark case, though Berkshire Hathaway Energy faces related claims. The brokerage commission settlement ended the practice of having sellers pay commissions, typically 5% to 6%, to their agents, who would split them with buyers' agents. Splits would be communicated over private databases known as multiple listing services (MLS), which only agents would see. Sellers claimed this was secretive and inflated closing costs. The NAR's Clear Cooperation Policy requires agents to list properties on their MLS within one business day of marketing the properties to the public. Supporters say it adds transparency and provides equal access to listings, while critics say it restricts sellers' ability to choose marketing strategies. "That's where the current battlefront is: what happens if more properties are listed as exclusives, or marketed with more limited exposure," Kelly said. "From our perspective, the vast majority of properties benefit from the widest exposure possible, which means putting it in the MLS." He added that "We always want the consumer to have a high degree of clarity on the fee and commission structure." HomeServices has curbed its once aggressive appetite to buy brokerages to fuel growth, and Kelly said it will likely emphasize "tuck-ins" of brokerages that might struggle to compete on their own. But he also said HomeServices has diverse revenue streams from mortgages, title and insurance, citing its stake in nationwide underwriter Title Resources Group, which can cushion the blow when one segment falters. Kelly, 49, joined HomeServices' network in 2007 when he left private law practice to become general counsel at Kansas- and Missouri-based ReeceNichols. He later moved to the parent company. Kelly reports to Berkshire Vice Chairman Greg Abel, who is expected to succeed Buffett as chief executive.
Reuters
01-05-2025
- Business
- Reuters
New CEO at Buffett's HomeServices says buyers, sellers can handle tariffs, changes
OMAHA, Nebraska, May 1 (Reuters) - The new chief executive of Berkshire Hathaway's (BRKa.N), opens new tab HomeServices of America said worries about the impact of tariffs on mortgage rates are weighing on home buyers and sellers, but were unlikely to significantly dent sales of existing homes. "When mortgage rates are fluctuating because the underlying economy is fluctuating, it causes buyers and sellers to stay on the fence," Chris Kelly, who took over the largest U.S. residential real estate brokerage on April 15, said in a recent interview. Higher borrowing costs contributed to a greater-than-expected 5.9% drop in March U.S. sales of existing homes, to a seasonally adjusted 4.02 million unit annual rate, with more weakness likely as tariffs fan fears of a recession. "The high degree of volatility we've seen in the last couple of months is giving buyers and sellers a little bit of pause," Kelly said. "But there are still 4 million people who are going to make a move this year." HomeServices is a unit of Berkshire Hathaway Energy, which is part of Warren Buffett's conglomerate, and owns or franchises more than 2,200 brokerage offices with over 82,000 agents. It lost money in 2024, largely from its $250 million settlement of antitrust litigation accusing the National Association of Realtors and brokerages of inflating commissions. HomeServices was the last defendant to settle the landmark case, though Berkshire Hathaway Energy faces related claims. The brokerage commission settlement ended the practice of having sellers pay commissions, typically 5% to 6%, to their agents, who would split them with buyers' agents. Splits would be communicated over private databases known as multiple listing services (MLS), which only agents would see. Sellers claimed this was secretive and inflated closing costs. The NAR's Clear Cooperation Policy, opens new tab requires agents to list properties on their MLS within one business day of marketing the properties to the public. Supporters say it adds transparency and provides equal access to listings, while critics say it restricts sellers' ability to choose marketing strategies. "That's where the current battlefront is: what happens if more properties are listed as exclusives, or marketed with more limited exposure," Kelly said. "From our perspective, the vast majority of properties benefit from the widest exposure possible, which means putting it in the MLS." He added that "We always want the consumer to have a high degree of clarity on the fee and commission structure." HomeServices has curbed its once aggressive appetite to buy brokerages to fuel growth, and Kelly said it will likely emphasize "tuck-ins" of brokerages that might struggle to compete on their own. But he also said HomeServices has diverse revenue streams from mortgages, title and insurance, citing its stake in nationwide underwriter Title Resources Group, which can cushion the blow when one segment falters. Kelly, 49, joined HomeServices' network in 2007 when he left private law practice to become general counsel at Kansas- and Missouri-based ReeceNichols. He later moved to the parent company. Kelly reports to Berkshire Vice Chairman Greg Abel, who is expected to succeed Buffett as chief executive.
Daily Mail
21-04-2025
- Business
- Daily Mail
Homeowners owed $1B have just days left to claim payout... check if YOU qualify
The deadline to submit a claim for a share of a $1 billion realtor settlement payout is weeks away. Homeowners have until May 9 to submit a claim, which can be done online through the official settlement website. The real estate industry was hit by its biggest shakeup in a century in August, when the agent commission system was overturned after a series of lawsuits against major brokerages. Before August 17, an agent working on behalf of a seller would charge their client a fee of around 5 to 6 percent, which would then be shared with the buyer's agent. These fees became baked into house prices, helping to inflate values, and some realtors would push buyers toward homes with larger commissions. The lawsuits argued the practice violated antitrust laws by allowing brokers to collude in order to raise commission prices, and the brokerages agreed to settle. Anyone who sold a home during a specific date range and paid commission to a real estate agent is eligible for a payout. When Americans file a claim through the official website, they must enter their personal details, and whether they wish to be paid via debit card, check, Zelle or Venmo. There are five main settling parties, according to the official settlement website, which each encompass various brokerages. The largest settlement, which amounts to $418 million, is with the National Association of Realtors (NAR) and HomeServices. There is also a $110 million settlement with firms including Compass, Real Brokerage and Redfin, and a settlement with Anywhere, RE/MAX and Keller Williams. There are also smaller settlements with firms such as Keyes and Real Estate One amounting to $8 million, and companies such as Side and Seven Gables amounting to $11.4 million. The deadline to be excluded from any of the settlements passed in 2024, but Americans have until May 9 to submit a claim. There are three criteria you have to meet in order to be eligible to claim a part of any of the settlements. It is not known how much each claimant could receive. You must have sold a home during the eligible date range and paid a commission to any real estate brokerage in connection with the sale of the home. Details of eligible date ranges for all settlements can be found here. Americans must have also listed the home that was sold on a multiple listing service (MLS) anywhere in the US. An MLS is a platform that real estate agents use to list properties for sale and find homes for buyers. There are hundreds of different multiple listing services across the country, and real estate agents pay a fee to belong to them. In exchange for membership, agents can post listings of the properties their clients are selling and view other agents' listings. Traditionally, listing agents and buyer's agents participating in a MLS agreed to share commissions, with the buyer's agent's compensation included as part of the listing. Consumers, however, cannot see this part of the listing. In theory, this system enables agents to 'steer' buyers to houses on which the commission is higher so they can profit more from a sale. Under the new rules brought in following the landmark settlements, commissions for buyer's agents can no longer be listed on an MLS.
