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11,000 New Home Developments Now On iNest Website

Wednesday, January 12, 2005 - 02:44

Company Press Release
Chicago, IL
January 12, 2005

iNest Realty (, one of the country's leading real estate brokers specializing in newly built homes, has reached an important milestone by including information on over 11,000 new home developments on their website.

Said iNest Marketing Vice President Randy Pickard, "This is another important milestone in our ongoing effort to provide unsurpassed value to both our consumer and our builder partners. With over 70% of potential purchasers turning to the Internet at the beginning of their home buying search, iNest's goal is to become the first choice of consumers searching for newly built homes. We update our database of new home developments weekly in order ensure consumers have accurate information available to them". Prospective home buyers interested in newly built home can access this information by visiting new home developments search.

iNest brings home buyers and builders together by providing a unique directory of new home builders and new home developments in 26 top home building states. iNest has created more than 750 micro-sites for its featured builders, which provide information on more than 11,000 new home developments. This allows home buyers to search for new home developments 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 750 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 $25 million in rebates, with an average rebate per transaction of over $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 built homes. Through its proprietary program, iNest provides consumers with a robust database of new home builders and developments 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 12,000 buyers resulting in more than $25 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®,, and Domania.

Randy Pickard
iNest Realty Inc


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