Rent2Buy.com Strikes Partnership with RealtyBargains.com
| July 27, 2010 | Posted by Sandie under Announcements, News, Real Estate |
Rent2Buy.com Strikes a Partnership with RealtyBargains.com
Partnership provides RealtyBargains.com clients with access to a powerful new financing alternative for property seekers on the path to home ownership.
(WHIPPANY, N.J.) – Rent2Buy.com, an innovative online marketplace providing consumers rent-to-own options on an eclectic mix of products and brands, announced a partnership today with RealtyBargains.com, a leading real estate portal offering more than a million distressed property listings to consumers nationwide.
The partnership will create a direct data feed of listings to Rent2Buy.com, empowering consumers with the rent-to-own option on RealtyBargains.com properties, including thousands of foreclosure properties directly with the selling bank.
“We’re excited to partner with Rent2Buy.com at a time when housing markets and tougher mortgage standards have made renting the better choice right now for millions of Americans,” said Matt Kumar, founder and CEO of RealtyBargains.com.
“We are thrilled with our new partnership with RealtyBargains.com,” said Moti Kahana, founder and president of Rent2Buy. “This will not only substantially increase Web traffic to Rent2Buy.com; it will result in cross-pollination of sales to other rent-to-own categories.”
According to market research, 27 percent of consumers looking for homes through Rent2Buy have expressed interest in rent-to-own furniture and appliances.
The Rent2Buy system puts consumers on the path to big ticket purchases without having to apply for a loan. Instead, the rental fee is applied as a down payment toward their future purchase of the item, or they can walk away. Conversely, sellers are exposed to a larger base of potential buyers who are motivated to buy.
Kahana recently announced the beta launch of Rent2Buy.com as an interactive marketplace for wide-ranging categories of purchases, including real estate, automobiles, furniture, jewelry and appliances.
Applying Rent2Buy to property is a natural evolution, says Kahana, especially with the state of the economy and today’s real estate market.
“Many good customers got hurt in the downturn,” says Kahana. “Their credit may have been dinged, but they are still worthy buyers. Rent2Buy gives them the opportunity to prove their creditworthiness by paying on time and then take ownership of the property.”
About Rent2Buy
Rent2Buy is the world’s eMarketplace for renting or leasing nearly anything with the option to buy it. Rent2Buy works for consumers who are looking to try out a big ticket item before making a commitment, or for those short on cash but will have the money later.
Rent2Buy is the brainchild of developer Moti Kahana, who pioneered the direct-to-consumer sale of used cars at discounted prices through his Automoti system. In 2009 Kahana sold Automoti to Hertz Rent-A-Car, which became Hertz Rent2Buy.
About RealtyBargains.com
Founded in 2006, Realty Bargains Inc. (www.RealtyBargains.com) has emerged as the nation’s fastest growing foreclosure data provider, with more than 1.8 million pre-foreclosure, foreclosure auction, bank-owned and For Sale By Owner property listings. RealtyBargains.com’s proprietary database delivers the latest, most complete residential foreclosure property listings in an easy, accessible format to customers and business partners.
Media Contact
Christopher L. Brown
888-386-6660 x 602
973-695-4323 x 602
chris@rent2buy.com
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