Beverly-Hanks Consolidates N. Buncombe Operations

ASHEVILLE, NC – October 12, 2010 – Neal Hanks, President of Beverly-Hanks & Associates Realtors (BH) announces the consolidation of its North Buncombe operations into the 820 Merrimon Avenue location.

The consolidation coincides with the lease expiration of the location at 61 Weaver Boulevard on October 31st. Hanks explained, “This is the second step of a two-part process which merges 8,315SF of leased space into 8,432SF of company-owned space.”

Step one took place in 2007 when BH moved from its former leased space at 1010 Merrimon Avenue into a larger, newly constructed facility at 820 Merrimon Avenue. The new buildingis a state of the art real estate office reflecting current industry trends. Hanks continued, “In addition to the efficiencies inherent with a consolidation of operations we are now able to offer greater access to services such as mortgage. Our North Buncombe Beverly-Hanks Mortgage Services loan officer will now be working from a single location, enabling him to engage with customers more easily. We believe that the convenience of obtaining a full array of home services, including mortgage financing, is an important component of the Beverly-Hanks real estate experience.”

The consolidation is consistent with industry trends towards the centralization of operational office space. Steve Murray, President of REAL Trends, Inc. a publishing and communications company considered to be a leading source of analysis on the residential brokerage industry, states that “technology and agent’s preference toward telecommuting has created an opportunity for market leaders to shift investment dollars towards new technologies and the marketing strategies necessary to sell properties in today’s post boom marketplace.”

Weaverville branch office agents and support staff will begin operating out of the Merrimon Avenue location beginning October 25, 2010.

Directions to 820 Merrimon Avenue Location

Beverly-Hanks & Associates Realtors is a full service real estate firm offering residential and commercial marketing, consulting and brokerage services. In addition to his core business platforms, Mr. Hanks is also a principal in several related industry ventures including: Beverly-Hanks Mortgage Services, Cardinal Title Insurance, and Private Mountain Communities. Currently, Beverly-Hanks has offices in Buncombe, Henderson, Haywood and Rutherford counties.