Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Finances

 

Sawbuck Closes $2 Million in Financing Led by A. H. Belo

Popularity:
         Views: 1675
2009-07-01 06:23:40     
Sawbuck Realty

Online real estate broker Sawbuck Realty today announced $2 million in Series A financing led by media company A. H. Belo Corporation. Sawbuck will invest the new funds in national expansion, and to further the company's investment in its website and unique business model. In conjunction with the funding, Sawbuck today launched a new version of its site and grew beyond the Washington, D.C. area to add Southern California, with plans for San Francisco and Dallas this summer.

"As more people use the Internet to get information and make important decisions -- from reading the news to finding a restaurant to shopping for a home -- we are committed to offering the most comprehensive local news and information sources," said Robert Decherd, chairman, president and CEO of A. H. Belo. "Sawbuck shares our goal of giving consumers great tools and resources to find vital information about their communities."

Sawbuck helps consumers start their home search online, where they can search by property type, neighborhood or address to find homes for sale, local market stats and recently sold properties. Sawbuck then connects buyers and sellers with experienced, vetted, local real estate agents, and streamlines their transactions. Buyers working with Sawbuck can take advantage of additional savings and coordinated service on mortgage and settlement from industry leaders such as Bank of America and First American. Sellers pay reduced commissions while a top listing agent markets their property locally and Sawbuck guarantees best practices in vital online marketing.

"We're excited about the support from Belo because of their long history with real estate, their substantial reach with consumers and their interest in new business models like Sawbuck," said Sawbuck CEO Guy Wolcott. "This investment gives us the resources we need for further website development and to continue national expansion."

Since launching in January 2008, Sawbuck has completed more than $30 million in real estate transactions and gone from zero to more than 600,000 monthly page views in the Washington, D.C. area. Consumers have viewed more than four million listings, received more than one million email alerts and rated more than 500,000 homes. In July 2008, Sawbuck was named "Most Innovative Brokerage" by Inman News for its compelling technology and unique business model.

Sawbuck co-founders Guy Wolcott and Steve Barnes also participated in the financing.

About Sawbuck

Sawbuck Realty is an online real estate broker that combines an industry-leading website with an award-winning, consumer-friendly business model. The company connects buyers and sellers with top local real estate agents, streamlines their transactions and saves them money at every turn. Buyers who work with Sawbuck's agent partners get a below-market mortgage with the lowest closing costs and settlement fees, saving thousands up front and hundreds every month. Sellers receive a 20 percent refund of the listing commission at closing; saving $3,000 on a $500,000 sale, with a typical seller's agent commission of three percent. Sawbuck's site, service and model provide radical transparency and consumer value that is unique in the world of real estate. Headquartered in Washington, D.C., Sawbuck's network of real estate agent partners currently serve the Maryland, Virginia, Washington, D.C. and Greater Los Angeles area markets. The company will expand into Texas and further into California this summer.

Specialized in: Sawbuck - Mls - Listings - Agents - Realtor - Mortgage - Sell - Search
URL: http://www.sawbuck.com
Print press release      Bookmark this page
Related Press releases 
Investment And Wealth Creation (Popularity: ): This is because wealth building takes years of strategic financial planning as well as sustained investment and wealth creation efforts. At FBNQuest, we’re committed to helping our clients build and manage generational wealth through our excellent wealth advisory and management solutions. In this article, we will highlight the need for wealth planning and strategies you can leverage in wealth creation.Investment and Wealth Creation Wealth creation is a process of growing your ...
Ethical mutual funds (Popularity: ): FBNQuest Launches the FBN Halal Fund for Ethical Investing In a bid to provide investors with investment options that improve financial inclusion and align with ethical beliefs, FBNQuest Asset Management, a subsidiary of FBN Holdings recently launched the FBN Halal Fund.Regulated by the Securities and Exchange Commission (SEC), the FBN Halal Fund is an open-ended mutual fund designed to meet the needs of investors seeking long-term income generation, as it offers ...
Goldsmith & Company: Leading the Way in Financial Services with Expert Chartered Accountants in North London (Popularity: ): London UK, (press.abc-directory ) 11 May 2023 - Goldsmith & Company, a premier accounting firm, is proud to offer exceptional financial services with their team of expert chartered accountants in North London. By delivering tailored solutions to help businesses and individuals navigate the complexities of financial management, Goldsmith & Company has become a trusted partner for clients seeking expert advice and support.In today's ever-changing financial landscape, it is crucial for ...
Atlas Insurance Agency Discusses Hawaii Commercial Property Insurance (Popularity: ): Honolulu, Hawaii ( press.abc-directory.com ) October 10, 2022 - Atlas Insurance Agency, a Hawaii property and casualty insurance agency, has recently delivered an article discussing the basics of Hawaii commercial property insurance. This new informational resource was written by the insurance agents at Atlas to provide business owners in Hawaii with information about business property coverage that is unique to their state. The Atlas team is made up of experienced ...
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...


Related Business 
LED Downlight Manufacturer (Popularity: ): LIGHTWAVE LED LIGHTING LIMITED, founded in 2008,which is a sound high-tech company, specialized in LED light research, development, manufacturing and marketing. Products involve LED downlight, LED tube, LED strip light, LED floodlight, LED wall washer, LED high bay light, LED spotlight, LED bulb, LED underground light, LED underwater light, LED garden light, LED light bar, LED par light and LED accessories etc.
China led displays screens suppliers (Popularity: ): Shenzhen Sinolight Optoelectronics Co. Ltd is one of the world leaders in R&D, production and marketing of Outdoor LED displays,Indoor LED Displays and considered a relatively new entry in the LED display world, having established itself only in 2005. It is a high-tech company with more than 80 million RMB of assets and 400 employees, of which 40% are tertiary educated and they form the bulk of workforce in R ...
Greenhouse House (Popularity: ): Greenhouse Technologies Ltd. is a leading LED lighting Solution provider in Australia providing Hi-Bay Lights, Flood Lights, LED Spot Lights, LED Down Lights, LED Tubes, LED Bulbs, LED Panel Lights, LED Strip Lights, LED SPECIALITY, LED Light Fittings, LED Outdoor Lights, LED Table Lamps, LED12V Car/Boat/Work, LED Controllers and LED Accessories for Home/Residential, Hotels, Offices, Commercial areas, Retail/Shops and Bars/clubs in Perth and many other cities of Australia.
LED 24 Seven (Popularity: ): LED 24 Seven is Australia's exciting destination for energy saving LED Lights including LED light bulbs, LED downlights, LED PAR lights, LED candle bulbs, LED light, LED Lighting and LED lamps. Our range of eco LED lights and super efficient LED lighting products will help you to replace your old and inefficient lighting and make a real and lasting difference. Our LED Light products and online shops are dedicated to ...
Shenzhen Chinst Illumination Co., Ltd. (Popularity: ): CST is china professional led lights factory specialized in producing commercial led lighting and household led lights. Our wholesale illumination products including led tape, led tube light, led panel light, led flood light,led highbay light, led street light, bulb light.
LED Lighting With High Efficiency (Popularity: ): Fobsun is a professional manufacturer and supplier of LED grow lights, LED aquarium lights, LED tube lights, LED downlights, LED light bulbs, LED bay lights and LED wall washers. LED lights are ultra energy efficient and durable with a long lifespan of over 50,000 hours, and they ideal solutions for commercial lighting and residential lighting.
Led Control Card (Popularity: ): LedControlCard.com is a LED Card Wholesaler provide led control card, linsn led control system, led controller, led video processor, rgb led controller, dmx led controller, led power supply with best price and free shipping.
Shenzhen Suntop Optoelectronics Co, Ltd. (Popularity: ): Shenzhen Suntop Optoelectronics Co., Ltd. is a best Global supplier of LED display solution, which is engaged in the R&D, production and marketing of LED Display Screens. General Corporation Of Shenzhen Suntop Optoelectronics Co., Ltd. invested 300 million RMB for Suntop LED Technology Park, which cover an area of 70,000 square meters in Hebei Province.
LED Tube Lights Supplier China (Popularity: ): A reliable LED products supplier company, offering an exclusive range of LED Outdoor Light, LED Shower, LED High Power Light, LED Warning Light, LED High Bay Light, LED Solar, LED Tube Light and lots more.
Dongguan Kingsun Optoelectronic Co, Ltd. (Popularity: ): Kingsun Optoelectronic Co., Ltd. is a leading manufacturer in both outdoor LED Lighting and indoor LED Lighting in China, products widely covering LED street light, LED tunnel light, LED flood light, LED high bay light, LED tube, LED bulb and other LED lighting fixtures.