ReLogic Announces First Denver Real Estate Customers to Buy Homes On-line

Denver, June 14, 2007 – Denver-based ReLogic (www.relogic.com) today announced the closing of its first 9 Denver real estate customers. These first customer closings represented almost $2.5 million in home sales and these customers received over $20,000 in savings in the form of reduced commissions.

“ReLogic is the leader in on-line real estate tools for consumers in the Denver Real Estate market. The technological advances ReLogic offers in online real estate tools and search enable buyers and sellers to have more control than ever before over the home buying and the home selling process, while having real estate professionals available to assist in all aspects of the transaction process”, said John Carney, CEO ReLogic.

“Customers are using the internet to find the homes they want to buy. In just a few short weeks since we launched ReLogic has already helped 9 customers find and purchase a home. We have new clients coming to ReLogic every day, our Realtor teams are closing more than 4 transactions per month. This is an amazing statistic given that the average traditional Realtor last year closed only one half a transaction per month or 6 transactions in a year. This proves that customers are willing to embrace a real estate model that provides a premium full-service experience while saving significant money. Our real estate customers have saved over $20,000 since launch in the form of commission rebates – we think that is better than the potted plant most Realtors provide at closing.”

ReLogic.com features comprehensive search functionality including ReLogic’s robust proprietary search engine that allows customers to access and sort the most current MLS home listings. Buyers can request immediate text message and email alerts on new MLS listings that meet their criteria, including neighborhood, price and number of bedrooms, and receive the latest information on current listings of interest. When buyers are ready, they can schedule home showings with ReLogic specialists online, anytime.

ReLogic customers Christian Loredo, a Vice President of Network Services and his wife Christine said, “We had a challenge. We recently relocated to Denver from Washington DC and needed to find a home, obtain a loan, and close in two weeks. ReLogic gave us online listings, helped us narrow down our search, researched a fair value for an offer, negotiated and contracted the deal with time to spare. In addition, we were relocating so they handled all the paperwork electronically. We were amazed that ReLogic can provide such a high level of customer service while rebating back over $8,000 to us at our closing. We would have paid extra for the great service! We are recommending ReLogic to all of our friends.

ReLogic customer Mick Vacura said the following in regards to his recent home search , “ Recently I was assisted by a ReLogic real estate agent. With her expertise I was able to assist my mother with her move from Wichita Kansas to Commerce City. Initially I had contacted two other agents from other companies. They both showed a lack of interest in my real estate needs, but fortunately I located ReLogic. My ReLogic Realtor was very informative and patient when assisting my mother and I. She went out of her way to answer my questions thoroughly and always took time out of her schedule to assist my Mom. Mary, the Relogic Showing Expert, was equally helpful. It seemed as if she always placed our property viewing requests as a high priority. She was very pleasant to my wife and I when we were viewing homes.”

Holly Josephson another Relogic customer and first time homebuyer was very excited but also concerned about buying her first home. “She had lots of questions and needed to learn a lot about the process of buying a home”, said Qadra Evans, ReLogic Realtor. The ReLogic website and their unique customer focused process “made this experience much easier. If it wasn’t for ReLogic I think I would have given up on ever owning my own home. I went into this knowing nothing about homeownership-I just knew I wanted a house and because of ReLogic I now have a beautiful home”, said Holly.

“For first-time homebuyers that need extra help to families looking to buy a bigger home but want to save money on the transaction – ReLogic is the perfect fit”, says Dan Diaz Chief Sales Officer of ReLogic. ReLogic’s business model is a hybrid between traditional real estate brokerage models and For-Sale-By-Owner models, providing the best of both worlds, great service and lower fees.

About ReLogic
Headquartered in Denver, Colo., ReLogic is the smart new way to find, buy and sell homes. ReLogic’s mission is to offer residential real estate buyers and sellers a cost effective and efficient alternative to both the do-it-yourself discount and full commission real estate models. For more information, visit www.relogic.com.
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John Carney

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ReLogic, Inc.

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