Industry News

Bargain Network promises one-stop real estate

Web site tries to revolutionize how people buy homes

Bargain Network has a plan to change the way people buy homes. The Web site is putting online 200,000 home listings, including foreclosures, HUD and VA homes, hard-to-find distressed properties, and for-sale-by-owner and for-sale-by-Realtor properties. The company also publishes a catalog and offers listings and services by telephone and e-mail to its customers. A subscription is available on a monthly basis for $9.95 a week. The company says it differs from other online services because it provides a national listing of real estate offerings and offers what it calls end-to-end real estate services, including credit standing, mortgage options, loan counseling and foreclosure services. All this seems to have brought Bargain Network success, the company said, pointing to 50 percent growth every year since 1999 and 1 million subscribers who signed up for all of Bargain Network's services last year. Those services also include sales of consumer electronics, jewelry and automobiles. A...