July 28, 2008

Sawbuck Realty Wins Most Innovative Brokerage Award From Inman News Service

SAN FRANCISCO, July 28 /PRNewswire/ -- Sawbuck Realty (http://www.sawbuckrealty.com/) was named the Most Innovative Brokerage of 2008 by Inman News Service at its Real Estate Connect Conference. The prestigious Inman Innovator Awards honor forward-thinking technologies, Web services, business models and innovators in online real estate, brokerage and media companies.

The Washington, D.C.-based company was cited for its business model that connects buyers to top local agents while saving them money via low-cost mortgages and settlement services. Finalists for this year's brokerage award included Chase International, Diamond Dwellings, Russ Lyon Sotheby's International Realty, and Redfin. Past winners include Coldwell Banker, ReMax, and Century 21.

The brokerage award honors companies that demonstrate extraordinary levels of innovation through the use of technology or the Internet; that enhance the real estate transaction for consumers; that positively impact the real estate industry; and that redefine key business models within the market.

"We're extremely honored to receive the real estate industry's most prestigious award for innovation just six months after our launch. We set out to make buying or selling a home simpler and less expensive. This recognition by industry leaders tells us that we are on the right track with our pro-consumer approach," said Guy Wolcott, Sawbuck co-founder, who accepted the award at the conference. Wolcott also participated in a panel during the conference where he discussed how Sawbuck matches buyers with outstanding real estate agents.

Unique among online real estate companies, Sawbuck combines sophisticated home search technology with personal service and access to the best local buyer's agents, while also offering tremendous savings. Buyers save over $4,500 at closing plus hundreds of dollars every year with a below-market mortgage rate.

Other winners of this year's Inman Innovator Awards are Bob Hale, president and CEO for the Houston Association of Realtors (Innovator of the Year), Estately (Most Innovative Web Service), Roost (Most Innovative Technology), Agent Genius (Most Innovative Blog) and Frontdoor (Most Innovative Web Site).

About Sawbuck Realty

Sawbuck Realty (http://www.sawbuckrealty.com/) is a web-based real estate broker headquartered in Washington, DC. Sawbuck's unique business model: empowers buyers with the best search tools, technology and information; connects buyers with the very best local agents; gives buyers a below-market mortgage with no closing costs; and negotiates the lowest possible settlement costs for buyers. Sawbuck and its network of real estate agent partners currently serve the Maryland, Virginia and Washington, DC markets. The company plans to expand to other market areas, including Baltimore, Philadelphia and Chicago.

Sawbuck Realty

CONTACT: Stephen Cook of Sawbuck Realty, +1-202-257-3652,[email protected]

Web Site: http://www.sawbuckrealty.com/