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Groupon breaks into real estate

April 9, 2011 at 12:01 PM

CHICAGO, April 9 (UPI) -- A Chicago real estate company said it has teamed up with online discount company Groupon to offer customer rebates on property purchases.

The Chicago Tribune reported Saturday Dream Town Realty would pay customers $1,000 at the closing of a home worth at least $150,000 if they purchased a Groupon coupon for $25 this week.

The coupon will be good for one year from date of purchase, the newspaper said.

"Our big picture is we're really an emerging company," said Dream Town founder and President Yuval Degani, who said the company was looking for "new customers."

"We're not really looking (at the deal) as a reduced commission," Degani said.

With the real estate deal, Groupon is, again, expanding its range of offerings. Besides general merchandise, the company has offered Groupons for movie and airline tickets.

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