By Tom Butala
As online discount service Groupon has broken into the real estate world with an exclusive deal from Dream Town Realty, Dream Town’s President and Co-founder Yuval Degani reports that the voucher activated within hours of going online.
Groupon is expected to officially announce the deal some time today via their newsletter, but in a telephone interview with Degani this morning, he revealed the deal has already passed the 50-purchase mark needed to activate the coupon. “We’re at 130 purchases as of right now,” he said around 11 a.m. CST.
Groupon is known best for providing huge discounts, usually between 50 and 90 percent off, for dining, concerts and other entertainment. With it’s massive influence, though, the company has begun to break into other industries, providing for its partners a great benefit as well.
“They offer us their massive online database,” says Degani. “We are highly active on the Web as well as a company, and it’s really a great synergy.”
For $25, the Groupon deal offers homebuyers $1,000 cash back when closing on a home of $150,000 or more.