Business & Finance
Business and FinanceBusiness and Finance 
Wed, January 6, 2010
Webdigs Expands Services With the Acquisition of IggysHouse.com
MINNEAPOLIS, MN--(Marketwire - January 6, 2010) - Webdigs, Inc. (
Today, IggysHouse.com becomes the only company allowing sellers to list their home on the MLS free. IggysHouse.com also offers a free website for every home seller in the United States. Sellers can use this website to post detailed content about their home, including unlimited photos and videos.
"There is a lot at stake for the U.S. and consumers who spend an estimated $50 billion annually in real estate commissions. This new model will have an immediate impact and immeasurably increase consumer choice and savings," according to Rob Buntz, CEO of Webdigs.
More than 70% of all homes are sold through the MLS. MLS listings also appear on leading real estate websites like Realtor.com and local websites. IggysHouse.com provides sellers with access to the best marketing channels -- free.
"By offering MLS listings to sellers at no charge, we have the opportunity to introduce them to Webdigs -- a brokerage service that pays them thousands of dollars when they buy," said Buntz.
"What separates IggysHouse.com from other real estate websites is that our customer's content will be exposed to millions of people searching online," said Buntz. "Our platform attracts buyers from every website that displays our MLS listings, including from the number one real estate site on the web: Realtor.com."
During its first 12 months of operations, IggysHouse.com provided a free website to nearly 20,000 sellers and listed nearly $2 billion worth of homes on the MLS free.
With IggysHouse.com, Webdigs accelerates the industry transformation begun with the launch of Webdigs.com in November 2007. Webdigs.com started providing self-directed homebuyers a substantial REBATE of 50% of the commission it receives as the buyer's agent. Webdigs.com has paid buyers an average rebate of more than $3,600 each since launch in 2007.
"Most home sellers are also home buyers. And the self-directed sellers who recognize the value of using IggysHouse.com are exactly the sort of buyers who would use Webdigs," concluded Buntz.
About Webdigs, Inc.
Webdigs (
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