Sawbuck — partly financed by A.H. Belo Corporation — launches online real estate service in Dallas

by PegNews wire

On August 28, 2009, online real estate broker Sawbuck Realty launched its real estate e-commerce service in Dallas. Last month, Sawbuck announced $2 million in financing, led by Dallas-based A. H. Belo Corporation, to continue its national expansion and enhance its website. With today's announcement, consumers now can use Sawbuck to search for homes for sale and recent sales throughout the Dallas-Fort Worth metro area.

"Dallas has been on our radar from the beginning and we're excited to help Dallas-area buyers and sellers more easily find the right home and right agent while saving a lot of money in the process," said Guy Wolcott, Sawbuck CEO. "While Dallas never saw the huge price drop that stung so much of the country, buyers and sellers here still know that in this market, knowledge is power. Sawbuck offers them the real-time information they crave, combined with access to some of the area's best agents."

Consumers can search by property type, neighborhood, or address to find homes for sale, local market stats, and recently sold properties. A Sawbuck advisor then connects buyers with experienced, vetted, local real estate agents, and streamlines their transactions.

In July 2009, Sawbuck compared the 30-year fixed mortgage rate available to its customers with the national average rate as reported in the Freddie Mac Primary Mortgage Market Survey, the most reliable indicator of mortgage rates in the country. The average Sawbuck rate was .325% better. On a $400,000 mortgage, that's a savings of $80 per month, or $28,659 over the life of the loan.

Since launching in January 2008, Sawbuck has completed more than $35 million in real estate transactions in the Washington, D.C. and Los Angeles areas. In 2008, Sawbuck was named "Most Innovative Brokerage" by Inman News for its compelling technology and unique business model.

Source: Sawbuck Realty