Groupon Offers Real Estate Deal

The Chicago-based site partnered with Dream Town Realty for a cash-back offer

Popular buying group Groupon is dabbling in real estate.

The site partnered with Chicago-based Dream Town Realty to offer cash back at the time of a house closing. The deal starts Friday and lasts one week.

According to Groupon, subscribers who put in $25 can get a $1,000 cash gift at the time of closing a Dream Town Realty home worth at least $150,000. The realty group focuses on North Sedgwick, Lincoln Park, West Loop and Lincoln Square areas.

If 50 people buy in, the deal becomes valid, and vouchers will remain good for one year from the purchasing date.

Sellers must list with Dream Town by April 9, 2012, and buyers must both close the sale and redeem their Groupon by the same date to get $1,000 in cash, according to the site. There is a limit of one per customer.

Dream Town hopes partnering with Groupon will help garner new customers in a tough housing market. The deal specifically states that past and current Dream Town clients and customers aren't eligible for the deal.

The voucher will be featured Monday as Groupon's spotlight deal.

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