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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. The partnership also enables
consumers to make a rent-to-buy offer on thousands of
foreclosure properties directly with the selling bank.
"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.
Kahana recently announced the beta launch of Rent2Buy.com (see
story) 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 Kahani.
"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."
At the end of the rental term, the customer can apply the
purchase to a down payment on the property, or walk away if the
market is still uncertain. Conversely, sellers are exposed to a
larger base of potential buyers who are motivated to buy.
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.
Rent-to-Own professionals can create a custom online store at
www.rent2buy.com and gain access to a world of potential
rent-to-own customers.
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. Since its
launch in February 2010, Rent2Buy has already successfully
sold thousands of used rental vehicles using the "try before you
buy" concept.
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RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
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