iNest Realty Reaches 17,000th Home Sold Milestone

BLOOMINGDALE, Ill., March 4 /PRNewswire/ -- iNest Realty, a subsidiaryof RealEstate.com and the leading U.S. real estate brokerage specializingin newly-constructed homes, today announced the company has sold its17,000th home since opening its doors in 1997. iNest General Manager Vince Halama said "With our '17,000th home sold'milestone under our belt, we couldn't be more convinced that the connectionwe make between new home builders and buyers is a great formula. To date,iNest has saved consumers more than $36 million in rebates, with an averagerebate per transaction of about $2,159." Using iNest is easy, informative and pays off for homebuyers looking atnew construction. A homebuyer simply starts their new home search onhttp://www.iNest.com and begins researching hundreds of communities from acrossthe country. The Web site is filled with community data such as differenthome styles and floor plans, and local school information and builderbackgrounds. Then when they buyer is ready to visit the builder's salesoffice, they easily and quickly download an exclusive iNest coupon worth upto one percent cash back on their new home purchase. The cash back bonus isthen delivered after closing and is mailed directly to the new homeowner. Since the company's inception, iNest has assisted buyers in homesearches that have led to sales contracts totaling over $3.7 billion. iNestbrings homebuyers and builders together by providing a unique directory ofbuilders and new home communities in 30 top home building states. iNestworks with more than 1,500 builders across the country representing morethan 12,000 communities. About iNest Realty, Inc. iNest Realty, Inc. is a leading real estate broker specializing innewly- constructed homes. Through its proprietary program, iNest providesconsumers with a robust database of new home builders and communities withflexible search options, an expansive network of local field agents, and ateam of New Home Specialists available seven days a week to assisthomebuyers in finding the perfect new home. In addition, iNest offers anexclusive cash bonus program, which allows qualified users to earn up toone percent back on the purchase of a new home. To date, iNest has servedmore than 17,000 buyers resulting in more than $36 million in rebates. Founded in 1997 with headquarters outside Chicago, iNest is part ofRealEstate.com, which is an operating company of IAC (Nasdaq: IACI).

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