Online Services Form Alliance

by WOHe

Online Services Form Alliance

Golden, CO ServiceMagic.com, a leading online marketplace
connecting homeowners to pre-screened home services professionals,
has announced a strategic relationship with Homestore.com, one of
the Internet’s leading home and real estate-related networks.

The agreement, the companies said, will enable ServiceMagic.co to
provide consumer and service professional matching services for
home repair, maintenance and improvement requests across
Homestore.com, Inc.’s family of Web sites in over 20 general
service categories. The agreement will also allow Homestore.com’s
visitors to find home services professionals including kitchen/bath
remodelers who have been pre-screened by ServiceMagic.com.

“We believe the average homebuyer spends $8,000 to $9,000 on home
services after a purchase, and sellers also incur significant
expenses preparing their properties for sale,” said Rodney Rice,
co-CEO of ServiceMagic, Inc. “With millions of buyers and sellers
of homes visiting Homestore.com every month, this alliance forms a
tremendous opportunity for ServiceMagic to reach those Internet
users with the greatest need for our solution.”

ServiceMagic, founded in 1998, currently operates in more than 40
markets across the U.S. The publicly traded Homestore.com Inc.
operates a family of Web sites offering new and existing homes for
sale

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