• Heney Realtors expands via acquisition
     | April 16,2013

    PROVIDED Tim Heney, owner of Heney Realtors, has expanded by purchasing the former Town & Country Associates, which had been owned by broker Carol Ellison. Ray Minkus, right, was formerly a broker at Town & Country in Barre.

    Heney Realtors in Montpelier has expanded into the Barre area, providing prospective clients in the housing market with 57 years of experience.

    It recently purchased the former Town & Country Associates, bringing former owner/broker Carol Ellison and her staff into the fold. Plans are in the making to add additional staff to the existing work force of five at the Barre location. Upon formalizing the acquisition, one Heney employee from the Montpelier office relocated in order to manage the Barre office.

    “It was one of those opportunities that came up,” said owner Tim Heney. “Carol, for 31 years, had run her own brokerage firm in Vermont. She was notching back a bit, and not wanting to run her own business.” The notion of expansion had been considered for a long time, he added.

    The former Town & Country Associates is housed in an older structure on Washington Street. Since purchasing the business, the real estate office has been rewired and updated, said Heney. “A sharp, state-of-the-art brokerage firm: that’s what we want.”

    While transactions within the Montpelier/Barre corridor overlap, as just seven miles separate Heney’s two locations, each will service different needs. Each market is a bit unique, Heney said. Last year, the town of Barre charted 99 residential sales, with 71 sales recorded in the city. Montpelier saw a turnover of roughly 52 single-family properties, said Heney.

    “It’s a big market that we’ve been a part of, but we want to be a bigger part of that,” he said.

    Moreover, the location of each office — Montpelier is in a downtown storefront — should further draw a different clientele. Heney said the Barre office would likely see less foot traffic, but provide easier access to parking.

    Heney is a third-generation broker in the agency. He and his mother, Mary Heney, are the principal owner/brokers of Heney Realtors. The agency handles transactions throughout Washington County and into the northern portion of Orange County.

    The firm was founded by Bill and Bud Heney in 1956 as W. J. Heney & Son Realtors. Over time, the independent real estate brokerage firm changed its name to Heney Realtors. v

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