Sawbuck Realty, an online real estate broker, recently launched its real estate e-commerce service in Dallas. It was last month that Sawbuck announced $2 million in
financing, lead by Dallas-based A. H. Belo Corporation, to continue its national expansion and to enhance its website, and with today’s announcement, consumers can now use Sawbuck to search for homes for sale 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.” Sawbuck says its approach streamlines the home buying and selling process without compromising either service or cost. Customers can search by property type, neighborhood or address to find homes for sale, local market stats, and recently sold properties. A Sawbucks
advisor then connects the prospective buyer with experienced, vetted, local real estate agents, and fast-tracks their transactions. The company says buyers that work with Sawbuck receive unbeatable savings and coordinated service on mortgage and settlement from industry leaders such as Bank of America and First American. In addition to negotiating reduced fees for customers, Sawbuck claims to be the first real estate broker to subsidize every transaction for its homebuyers. The result is a mortgage and closing cost package that saves customers thousands up front and hundreds more every year. All of this is backed by the Sawbuck Savings Guarantee, which promises $1,000 if a customer finds a better mortgage and closing cost deal. When 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 back in July of 2009, 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. Sawbuck sellers can take advantage of Sawbuck’s partner agent network by paying reduced commissions while a top listing agent markets their property locally, the company said. Sellers also receive a 20 percent refund of the listing commission at closing. For a $500,000 house that would normally pay a seller’s agent commission of three percent, the savings would be $3,000. 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 addition, Sawbuck was named “Most Innovative Brokerage” in 2008, by Inman News for its compelling technology and unique business model.
Author: Mandy Huber
• Date: 08/31/2009