In The News

iNest Realty Reaches 15,000th Home Sold Milestone

Bloomingdale, Ill., September 22 -- iNest Realty, a leading real estate brokerage specializing in newly-constructed homes, today announced the company has sold its 15,000th home.

As part of this milestone recognition, iNest presented the builder of the 15,000th home, Ryland Homes' Chicago Division, with the company's Golden Hammer Award. The award was presented to Bob Meyn, vice president of sales and marketing for Ryland Homes on September 22 by Vince Halama, vice president of sales for iNest Realty, a subsidiary of RealEstate.com.

Said Halama, "With our '15,000th home sold' milestone under our belt, we couldn't be more convinced that the connection we make between new home builders and buyers is a great formula. To date, iNest has saved consumers more than $32 million in rebates, with an average rebate per transaction of about $2,100."

Since the company's inception in 1997, iNest Realty has assisted buyers in home searches that have led to sales contracts totaling over $3.2 billion. iNest brings homebuyers and builders together by providing a unique directory of builders and new home communities in 30 top home building states.

Via the Web site www.iNest.com, homebuyers can research new home communities and view information about home styles and floor plans prior to visiting builder sales offices. Upon closing their transactions, iNest offers qualified users an exclusive bonus program, which allows them to earn one percent cash back on their new home purchases.

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 and an expansive network of local field agents 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 15,000 buyers resulting in more than $32 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).

FOR MORE INFORMATION:
Randy Pickard
iNest Realty Inc
630-529-7500
rpickard@iNest.com