In The News

iNest Reaches Important Milestone with 10,000 Homes Sold

iNest Realty (www.iNest.com), one of the country's leading real estate brokers specializing in newly-constructed homes, has reached an important milestone by assisting its 10,000th client in the purchase of a newly-constructed home.

Said iNest Founder and Chief Executive Andy Wolf, "This is another exciting step forward in our march to provide unrivaled value to both our consumers and our builder partners. Our company's growth has been fueled by that win-win value proposition, and today, iNest helps more clients in one month than it did during the entire first two years of our operation. I'm optimistic that, as more and more and more people turn to the Internet at the beginning of their home buying journey, iNest will become their partner of choice for newly constructed homes."

iNest brings home buyers and builders together by providing a unique directory of new home builders and new home communities in 22 top home building states. iNest has created more than 700 micro-sites for its featured builders, which provide information on more than 9,000 new home communities. This allows home buyers to search for new home communities that meet their criteria and view in-depth information about home styles and floor plans prior to visiting a builder sales office.

Consumers who purchase a home from one of the company's 700 featured builders using iNest's cash-back coupons receive a one percent rebate on the base price of the home shortly after escrow closes. To date, iNest has saved consumers more than $20 million in rebates, with an average rebate per transaction of about $2,000. And, thanks to the efficiency of the Internet, working with iNest saves consumers time as well as money.

About iNest
iNest is a leading real estate broker specializing in newly-constructed homes. Through its proprietary program, iNest provides consumers with a robust database of new home builders and communities with flexible search options, an expansive network of local field agents, and a team of New Home Specialists available seven days a week to assist home buyers in finding the perfect new home. In addition, iNest offers an exclusive cash bonus program, which allows qualified users to earn one percent back on the purchase of a new home. To date, iNest has served more than 10,000 buyers resulting in more than $20 million in rebates.

Founded in 1997 and headquartered outside Chicago, iNest is part of IAC Financial Services and Real Estate, an operating business of IAC/InterActiveCorp (NASDAQ: IACI), which also owns or operates LendingTree®, LLC, LendingTree Loans, LendingTree Settlement Services, LLC, GetSmart Lending®, RealEstate.com, and Domania.

Contact:
Randy Pickard
iNest Realty Inc
630-529-7500
rpickard@iNest.com