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ReLogic Closes More Deals Than Ever in July

August 12, 2008

DENVER, Aug. 12 /PRNewswire/ — ReLogic’s bold new approach to buying and selling homes is getting traction in the metro Denver market. In July, ReLogic closed more than $3 million in deals while saving clients nearly $100,000 in commissions.

Increasing number of closings contrasts sharply to the falling number of home sales in metro Denver. Closings fell 6.2 percent in the first seven months of 2008, compared to the same period a year earlier, according to an independent study published Aug. 7 in the Rocky Mountain News (http://www.rockymountainnews.com/news/2008/aug/07/median-price-homes-drops/).

“While traditional real estate brokerages continue to struggle, our business is growing because we provide something no one else does: better service for less money,” said Victor Mitchell, Chairman and CEO of ReLogic. “We have the tools to connect people with their perfect home, even the ones traditional Realtors(R) can’t or won’t show you. And, on average we give our customers a $9,000 credit at closing … $9,000 that would otherwise be paid in broker commissions.”

ReLogic combines Internet efficiencies with the “high-touch” services of experienced Realtors(R) to create a breakthrough, commission-free transaction model for both buyers and sellers.

ReLogic is also the official real estate brokerage of the 2008 Home Builders Association of Metro Denver Parade of Homes, the largest walking tour of luxury custom homes in America. The event runs through Labor Day at Solterra, near C-470 and Alameda Parkway in Lakewood, Colo. For event information, visit http://www.paradeofhomesdenver.com/.

About ReLogic

Denver-based ReLogic, Inc., is a real estate brokerage firm that is revolutionizing the way people buy and sell homes. ReLogic’s team of licensed real estate professionals leverage the efficiencies of the company’s powerful Web-based system to create 100 percent buyer-side commission rebates and full listing services to sellers at significant discounts. For more information, please visit http://www.relogic.com/.

ReLogic

CONTACT: Lisa Everitt of Metzger Associates, +1-303-475-3202, forReLogic

Web site: http://www.relogic.com/




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