SOURCE: PowerHouse Properties of RE/MAX Classic Realty

PowerHouse Properties of RE/MAX Classic Realty

February 01, 2011 16:23 ET

PowerHouse Properties of RE/MAX Announces "PAYBAX" for Home Buyers; Up to $50,000 Cash Back

RYE, NY--(Marketwire - February 1, 2011) - PowerHouse Properties of RE/MAX announces its latest niche real estate product, PAYBAX for Buyers. This exclusive service and market technique, unlike those offered by companies such as Property Shark or Redfin, has been created to produce five figure savings. PAYBAX clients get to work with the most powerful real estate company worldwide and expert local agents. The combination often yields exceptional net profits. "Clients receive actual cash back at closing for all MLS listed properties, which can be used for renovations, additions, negotiations or vacations!" according to Richard S. Cohen, CEO of PowerHouse Properties. According to Cohen, a twenty year veteran of the financial and real estate management industries, "The real give back occurs when the money we save a client actually helps seal the deal on a negotiation, and puts the keys to their dream home in their hands." PowerHouseProperties.com was launched on a technologically advanced framework to simply filter every home and property by the most sought after categories. The company prides its website on being the most dynamic and easy to use platform for finding a home. "Many people have come to rely on our site as a most powerful and easy to use resource, whether they're in the market to buy, lease or rent with an option to buy."

The PAYBAX Program for buyers offers a commission rebate back to a buyer. A buyer receives full service from an experienced RE/MAX Realtor and earns up to fifty thousand dollars for their loyalty. When asked why this offer would be extended, Richard responds, "It's a fact, statistically speaking, RE/MAX leads the competition by all measures including, transactions, agent productivity and sales volume. In short, RE/MAX agent's close more deals and therefore can afford to assist in so many ways," adds Cohen. "We decided to pass that savings on to our clients. Too many deals have failed over what, in retrospect, turns out to be very little. The savings afforded through PAYBAX can bridge that gap in a negotiation and ensure a client gets the home they want."

For those who aren't ready to buy, the company has created sophisticated, highly searchable web-sites offering no-fee rentals in many categories. More significant is that a client, who leases a home or apartment through PowerHouse Properties, is given up to 5 years to take advantage of PAYBAX for buyers and the potential savings of up to $50,000. "Many people are still sitting on the fence, unsure if they should buy a home now or continue to rent while exploring more options," explains Cohen. "We've extended a PAYBAX umbrella for those people who decide to rent a home using the program, for up to five years."

The genesis of PowerHouseProperties.com came when Mr. Cohen analyzed the changing real estate market. "It wasn't just the market that was evolving," explains David Grashow, Managing Director of PowerHouse. "Richard was quick to understand that the internet was the primary platform, which current and future generations of hopeful home owners would utilize to find their piece of the American Dream." The website and online home for the company he built was predicated on that concept and breaks down properties for sale and for rent into basic categories like Foreclosure Properties, Water View Properties, One Floor Ranch Style Homes, Close to Train, Investor Properties, Commercial & Retail Properties, No Fee Rentals, Pet Friendly Rentals and others. PowerHouse Properties, unlike many competitors, discloses the actual address of each property to simply make it easy and efficient for their clients to make their next important move. Richard concludes, "We're not in the business to frustrate people. We extended ourselves in every possible way to help make it easy for anyone to get what they really want most out of their Realtor."

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