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Y2Homes.com Announces Partnership with domania.com
PHILADELPHIA and BOSTON, March 30, 2000 - Y2Homes.com, a leading Internet
provider of real estate auction services and technology, announced today a partnership that
will give its users with access to HomePriceCheck, the largest online bank of free home sales
comparables.
HomePriceCheck, a feature service of domania.com, is among the Top 10 real
estate information destinations on the web, according to a February report by Nielsen//NetRatings.
The partnership, Y2Homes said, strengthens its proposition to create a complete information
channel between clients and realtors in the home auction space. Y2Homes' users can use the
HomePriceCheck service to investigate sales comparables histories for auction properties offered
through Y2Homes.com
"Y2Homes.com is excited to partner with Domania.com to provide our users
with relevant real estate information such as past home sale prices and comparables," said
John Bambach, co-CEO of Y2Homes.com.
"Domania.com and Y2Homes.com share a common belief that consumers and
Realtors are better served when all are informed," said Steven Kropper, president, domania.com.
"Domania's HomePriceCheck is a natural center point in Y2Homes information
proposition and we're excited about this new relationship."
Y2Homes.com ( www.y2homes.com ), Inc. was incorporated as an Internet Business-to-Business
facilitator for residential and commercial Realtors. The Company's goal is to partner with
the real estate industry by introducing business wide integration of its Buy Now ("Pre-Auction"),
Auction, Post-Auction (stage between selection of winning bid and documents being executed) and
Make An Offer (value pricing) processes. Y2Homes.com market-maker functionality is similar
in concept to the NASDQ stock exchange. Y2Homes.com promotes the Realtor's ability to
streamline real estate transactions by controlling the flow of information so all Realtors
and their Clients (Consumers) are afforded the same level of knowledge instantaneously.
This in turn, allows for greater profitability by the Realtors (faster inventory turnover)
while satisfying the Consumer's need for greater control and knowledge when making one of
their most financially sensitive and emotional purchases - their new home. Already, a large
number of homebuyers research properties on the web before purchasing. Y2homes.com gives
Realtors and homebuyers the ability to buy and sell right there. In addition, this program
can be implemented on the Realtor's web site under their name and brand.
Domania.com (www.domania.com) leads the education of homebuyers, homesellers and homeowners
by providing unprecedented, free access to valuable and hard-to-find real estate data and
information. An independent real estate services infomediary, domania.com empowers consumers
with its Home Price Check, the largest free online bank of home sales comparables, Value Check
and Property Tax tools. Domania.com also includes user-personalized services such as My Domania;
as well as real estate news, original content and community; HouseTalk message boards for
sharing information, insight and advice, and the exclusive DomaniaGram system, which
communicates user-customized information and promotional offers that support specific
needs and interests.
Domania.com's Home Price Check service (www.homepricecheck.com) already has been cited as a
Top 10 online real estate destination by Nielsen//NetRatings and also is available through
relationships with leading web properties including Yahoo! Real Estate, America Online
(AOL), CompuServe, Dow Jones, The Motley Fool, and MarketWatch.com, Inc.
Domania.com is managed by homeowners for homeowners to be a consumer-focused content and
community destination that supports Americans through a lifetime of managing their most prized
and valuable assets, their homes. Privately-held domania.com is an investment of CMGI @Ventures,
the venture capital affiliate of CMGI (NASDAQ: CMGI).
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