Real Estate hits Groupon - Buyers to get $1000 rebate for only a $25 investment.

By
Real Estate Broker/Owner with Your Choice Real Estate, Inc. 3020206
https://activerain.com/droplet/8dZ
A lot has been made of a recent "deal" on Groupon.com by Dream Town Realty to offer customers a $1000 rebate for doing doing business with them. The idea is not new, but the venue that the deal is being offered is. Many uneducated Realtors and consumers think that this is not legitimate or legal. Perhaps in their home states it's not, but in Illinois and here in Florida it's completely legal.

This is truly the power of the free market in action!

What do you think?

Click here to view the Dream Town Realty Ad on Groupon

People buy houses when they're ready to settle down and tired of impermanent living arrangements, such as living with parents in log cabins made of butter. Acquire a more permanent abode with today's Groupon: for $25, you get a $1,000 cash gift at the time of closing on a house with Dream Town Realty, located on North Sedgwick, Lincoln Park, West Loop, and Lincoln Square. This Groupon requires a minimum transaction of $150,000.

A rapidly growing business with the highest percentage of Chicago Association of Realtors Top Producers in the city, Dream Town Realty matches home sellers with homebuyers during mutually beneficial exchanges of houses, condos, and residential tree houses in Chicago and the surrounding areas. Prospective buyers can browse an online database of more than 200,000 properties to quickly zero in on dwellings that are in their price range and have built-in cheetah cages. The negotiation know-how and trend-spotting savvy of Dream Town's 165 knowledgeable agents guide both buyers and sellers through turbulent, sea-monster-infested real-estate waters. Throughout the process, agents can be reached by phone or email 24/7 in case clients have urgent questions about Babe Ruth's batting average or the pronunciation of the word "pusillanimous."

Sellers must list with Dream Town by April 9, 2012, and buyers must both close the sale and redeem their Groupon by the same date to get $1,000 in cash from Dream Town's coffers. This cash gift can be used to feed wallets, but be advised—it might ruin their appetites for smaller bills.

If you’re in Florida and want this very same deal let me know and I’ll honor it.

Offer valid until 7/31/2011.


For more info contact:
Phillip Jones, Broker
Your Choice Real Estate, Inc.
151-18 College Drive
Orange Park, FL 32065
Phone: (904) 298-2679 Ext 501
Toll Free: (888) 490-0671 Ext 501
Fax: (866) 923-9990
E-Mail: email me for more info
Website: www.ycre.net
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Rainer
56,785
Tommy Taylor
Taylor Properties & TexasForSale.net - Kerrville, TX
CNE- Texas Hill Country Realtor

Phillip- Do you give the $1000 back as cash or as a credit on the closing statement?

Apr 13, 2011 10:51 AM #1
Rainmaker
459,647
Drick Ward
NEPTUNE REALTY - Virginia Beach, VA
"RealtorDrick" - Experienced Representation

I honestly did not know that Groupon supported real estate. Thats new news to me. I'll have to check up on that here in my area. Thanks.

Apr 13, 2011 10:59 AM #2
Rainmaker
197,579
Phil Jones
Your Choice Real Estate, Inc. - Orange Park, FL
Broker, CDPE

Tommy,

We always disclose the rebate in writing to all parties on the contract. The rebate is given to the buyers on the HUD as a credit to comply with RESPA. Thankfully here in FL it's a legal practice to share/give back with our customers.

On a rare occassion, the buyer's lender will object to the rebate, but we have no control over this.

Apr 15, 2011 12:56 AM #3
Rainmaker
287,365
Jay O'Brien
RE/MAX Revolution - Kansas City, MO
Kansas City : Social Media Guy

It's a great idea to use this new tool. All it takes is one spur like this to get people off the couch and into a home. Thanks for the post!

Jun 05, 2011 03:09 AM #4
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Rainmaker
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Phil Jones

Broker, CDPE
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