A New Kind of Housing Cycle

June 20, 2008— -- The best bargain in real estate might just be how you find your house.

With gas prices above $4 a gallon, it doesn't make much sense to roam various neighborhoods in an SUV anymore. So how about taking a home tour by bike?

One Colorado real estate agent is doing just that, building his entire business around the idea of bicycling to see homes.

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"It takes a lot more time, though, to do the bike tour," said Matt Kolb, the owner and founder of Pedal To Properties. "But I have found that the connection I make with clients -- it just brings us closer together and builds a bond that I don't think I can duplicate anywhere else."

The Boulder, Colo., real estate agent said that people "want to see the neighborhood, not just the house they are buying."

For Kolb, an avid cyclist and triathlete, it is not just about real estate but about a healthy lifestyle.

Boulder is a bit of a unique market for this business: The city has more than 300 miles of bike paths and bike lanes. But Kolb is also looking to expand the concept to other cities, recently talking with agents in Naples, Fla., and Tucson, Ariz.