Posts
Government Tax Incentive to Help Marketplace Homes Buyers!
The government recently passed a bill that will provide $6,500 tax credit to Marketplace Homes’ clients that own a home and want to purchase a new home!
What this means is that you will receive cash back in your pocket, even if you are not a first time buyer.
What you have to do to qualify for $6,500:
1) Sign prior to April of 2010
2) Close prior to June 2010
3) Must have lived in your current home for 5 or more of the last 8 years
4) Must make less than $125K for individual and less than $225K for couples
At Marketplace Homes, our clients are people that have growing families and are looking to find a great home that fits them for the next 10 plus years. If that is your situation, here are just a few reasons as to why now is a great time to buy:
1) Low interest rates – Low 5% rates and under are available
2) $6,500 tax credit – Like getting cash back for buying a home
3) FHA 3.5% down financing
4) Guaranteed Lease on your old home – you don’t have to sell low
5) Unbelievable pricing on new construction homes
18 years go by fast! All the financials can make sense, but deciding to move is about your family and kids. Don’t they deserve to have all the opportunities that a great school system, great neighborhood and home can provide?
If your baby needs space, Marketplace Homes can make it happen. To see if you qualify for the new government tax credit, contact Marketplace Homes at 877-9000-Home and set up an appointment with a representative today.
Marketplace Homes based in Plymouth, Mich., is a privately held company with operations in Metro-Detroit. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 40 communities in the Metro-Detroit market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Managing Partner, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
Monday, November 9, 2009
Thursday, September 3, 2009
Marketplace Homes in the News
Click here for video:
http://www.youtube.com/watch?v=SyLB76xrISY
Marketplace Homes is in the news today! Check out this edited version of a great story by Lila Lazarus from this afternoon.
Just one more great example of how Marketplace Homes is helping families move from small condos and starter homes and into a place that truly can be called home. Is it time for you to make the move like Adam and Judy? Visit www.markeptlacehomes.com to find out!
Marketplace Homes based in Plymouth, Mich., is a privately held company with operations in Metro-Detroit. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 40 communities in the Metro-Detroit market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Managing Partner, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
http://www.youtube.com/watch?v=SyLB76xrISY
Marketplace Homes is in the news today! Check out this edited version of a great story by Lila Lazarus from this afternoon.
Just one more great example of how Marketplace Homes is helping families move from small condos and starter homes and into a place that truly can be called home. Is it time for you to make the move like Adam and Judy? Visit www.markeptlacehomes.com to find out!
Marketplace Homes based in Plymouth, Mich., is a privately held company with operations in Metro-Detroit. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 40 communities in the Metro-Detroit market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Managing Partner, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
Friday, August 28, 2009
City of Detroit’s Falling Market Helps Stabilize the Suburbs
City of Detroit’s falling market helps stabilize the suburbs
What happens to real estate at 29% unemployment?
Michigan Department of Energy, Labor and Economic Growth statistics show Detroit's unemployment rate of 29-percent is the highest since 1970. Unemployment in all of Wayne County is 19-percent.
Property values have fallen 80% to 90% in the city. However, net population loss in the city may be providing the surrounding areas stabilization in real estate values as the population continues to shift. Macomb County has experienced close to 6% growth over the past 9 years. Population from the city is helping to fill the net loss of people from the tri-county area. Support to real estate prices in the suburbs are coming from an interesting source, the cities inability to manage itself.
Marketplace Homes is uniquely positioned to see a population shift first hand through our tenants and move up buyers through out Metro-Detroit. People are moving to areas that have lower tax rates, better schools, and lower crime in heavy volumes due to depressed pricing. This is happening in two waves. Renters are finding great values outside of Detroit in areas such as Redford, Westland, Eastpointe and Livonia. Those that own these homes are covering mortgage payments with rent and moving to areas that have even lower taxes, better schools and extremely low crime. Areas of high growth include; Macomb County, Novi, South Lyon, Canton and Northville.
This flood of movement based on the new lower prices are leaving a hole at the start of the chain, that is in the city of Detroit.
Why is the city at 29% unemployment?
1) Highest Taxes in the State
2) Poorest Schools in the Nation
3) Highest Crime Rate in the Country
Highest Taxes in the State:
Property taxes have long been higher than any other city in Michigan. A rate of 65.79 mills for owners and 83.3 mills for those that attempt to invest in the city. Naturally, most homes are not properly valued so the net tax rate ends up being astronomical.
Example: A home that used to sell for $100,000 in Detroit is probably still valued around that amount by the city. However, the property may sell for $10,000 in today’s market. This means the home’s annual tax bill will be $4,265/yr or over 40% of the home’s value in annual taxes.
In Green Oaks Township just outside of South Lyon you would be able to own a home worth $370,000 for the same tax as a home valued at $10,000 in Detroit.
Since the average income in the city of Detroit is $28,000 per household. An average family that owns a $10,000 home would pay close to 17% of gross income to the city in tax (property tax rate on $100,000 home plus 2.5% income tax on $28,000 would equal about $4,965/yr). This does not include state tax and federal tax. Would you move a couple miles to get a 17% raise in income?
Poorest Schools in the Nation
Below is a chart that compares the state average MEAP scores in grade 11 verse Detroit Public Schools. Although some numbers are rising (reading went from 32% to 36% proficient), the numbers are low. Only 14% of the students are proficient in Math.
Scale: % at or above proficient Grade 11
Reading
36% (2008)
32% (2007)
The state average for Reading was 62% in 2008.
Social Studies
56% (2008)
63% (2007)
The state average for Social Studies was 80% in 2008.
Science
23% (2008)
22% (2007)
The state average for Science was 57% in 2008.
Writing
17% (2008)
17% (2007)
The state average for Writing was 41% in 2008.
Math
14% (2008)
14% (2007)
The state average for Math was 46% in 2008.
Highest Crime
Violent crime in the city of Detroit is at 2,418 per 100,000 while the national average is 553 per 100,000. This means citizens in the city of Detroit are about 500% more likely to experience a violent crime then others throughout the country.
How did city government get so out of control?
With almost 1/3 of the people unemployed and an additional 15% over the age of 65, almost half the voting population of the city do not pay the taxes they impose on the other half that do. Common Detroit politics have included pandering to the non taxpaying citizens with programs that redistribute the taxes from those that have to those that don’t. Political promises regarding more programs and larger government tend to appeal to the ones that don’t pay. With little focus on lowering taxes and little oversight from a largely un-invested population, city government grew out of control and eventually forced many of the productive members to move.
ROCK BOTTOM:
Cities, just like individuals in tough situations, tend to hit a certain point when they realize that they need to try a different approach. A time that you realize that you are at “Rock Bottom”. Many point to the Kilpatrick administration as the absolute rock bottom politically corrupt time for Detroit. Robert Bobb is making news by rooting out corruption in the schools. Mayor Bing is considering making huge government cuts to bring down costs. Only time will reveal if 29% unemployment is the moment when the city hit rock bottom, or if it can get worse. What some fear is that since almost half the citizens are no longer paying for the programs the politicians put into place, votes for lower taxes may be a thing of the past. This leaves only one choice for producers who grow weary of poor services and high taxes; consider a new home in an area that is run by those that actually pay for what they vote for.
What happens to real estate at 29% unemployment?
Michigan Department of Energy, Labor and Economic Growth statistics show Detroit's unemployment rate of 29-percent is the highest since 1970. Unemployment in all of Wayne County is 19-percent.
Property values have fallen 80% to 90% in the city. However, net population loss in the city may be providing the surrounding areas stabilization in real estate values as the population continues to shift. Macomb County has experienced close to 6% growth over the past 9 years. Population from the city is helping to fill the net loss of people from the tri-county area. Support to real estate prices in the suburbs are coming from an interesting source, the cities inability to manage itself.
Marketplace Homes is uniquely positioned to see a population shift first hand through our tenants and move up buyers through out Metro-Detroit. People are moving to areas that have lower tax rates, better schools, and lower crime in heavy volumes due to depressed pricing. This is happening in two waves. Renters are finding great values outside of Detroit in areas such as Redford, Westland, Eastpointe and Livonia. Those that own these homes are covering mortgage payments with rent and moving to areas that have even lower taxes, better schools and extremely low crime. Areas of high growth include; Macomb County, Novi, South Lyon, Canton and Northville.
This flood of movement based on the new lower prices are leaving a hole at the start of the chain, that is in the city of Detroit.
Why is the city at 29% unemployment?
1) Highest Taxes in the State
2) Poorest Schools in the Nation
3) Highest Crime Rate in the Country
Highest Taxes in the State:
Property taxes have long been higher than any other city in Michigan. A rate of 65.79 mills for owners and 83.3 mills for those that attempt to invest in the city. Naturally, most homes are not properly valued so the net tax rate ends up being astronomical.
Example: A home that used to sell for $100,000 in Detroit is probably still valued around that amount by the city. However, the property may sell for $10,000 in today’s market. This means the home’s annual tax bill will be $4,265/yr or over 40% of the home’s value in annual taxes.
In Green Oaks Township just outside of South Lyon you would be able to own a home worth $370,000 for the same tax as a home valued at $10,000 in Detroit.
In addition, a city income tax acts as a further disincentive to living in the city. A rate of 2.5 percent hits residents on the south side of 8 mile, but not north. As a worker in the city you pay a 1.25% tax that those working in the suburbs do not. If you are a corporation you pay an additional 1% in tax on income.
Since the average income in the city of Detroit is $28,000 per household. An average family that owns a $10,000 home would pay close to 17% of gross income to the city in tax (property tax rate on $100,000 home plus 2.5% income tax on $28,000 would equal about $4,965/yr). This does not include state tax and federal tax. Would you move a couple miles to get a 17% raise in income?
Poorest Schools in the Nation
Below is a chart that compares the state average MEAP scores in grade 11 verse Detroit Public Schools. Although some numbers are rising (reading went from 32% to 36% proficient), the numbers are low. Only 14% of the students are proficient in Math.
Scale: % at or above proficient Grade 11
Reading
36% (2008)
32% (2007)
The state average for Reading was 62% in 2008.
Social Studies
56% (2008)
63% (2007)
The state average for Social Studies was 80% in 2008.
Science
23% (2008)
22% (2007)
The state average for Science was 57% in 2008.
Writing
17% (2008)
17% (2007)
The state average for Writing was 41% in 2008.
Math
14% (2008)
14% (2007)
The state average for Math was 46% in 2008.
Highest Crime
How did city government get so out of control?
With almost 1/3 of the people unemployed and an additional 15% over the age of 65, almost half the voting population of the city do not pay the taxes they impose on the other half that do. Common Detroit politics have included pandering to the non taxpaying citizens with programs that redistribute the taxes from those that have to those that don’t. Political promises regarding more programs and larger government tend to appeal to the ones that don’t pay. With little focus on lowering taxes and little oversight from a largely un-invested population, city government grew out of control and eventually forced many of the productive members to move.
ROCK BOTTOM:
The Opportunity
There are opportunities in every market, and in this case, because of the Detroit market. Call Marketplace Homes and see how we can help you take advantage of the increased amount of affordable housing in the metropolitan area. Due to low prices, you may be amazed at what you can now afford!
Marketplace Homes based in Plymouth, Mich., is a privately held company with operations in Metro-Detroit. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 40 communities in the Metro-Detroit market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Managing Partner, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
Friday, July 24, 2009
Marketplace Homes Announces Partnership with Marketing Associates of Detroit
Friday, July 23, 2009
Marketplace Homes announces partnership with Marketing Associates of Detroit
Novi, Mich., July 23rd 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Marketplace Homes Announces Partnership with Marketing Associates of Detroit
An expanding Real Estate company in Detroit? It's true, Marketplace Homes has posted sales numbers for the first 6 months of 2009 that are almost equal to all 12 months of 2008 combined. As a result of the continued growth of the "Guaranteed Lease Program", Marketplace Homes has added additional phone and marketing capacity through a partnership with Marketing Associates (http://www.marketingassociates.com/).
Marketing Associates currently provides support for companies such as: DuPont, Ford, Chrysler, Continental, GE, and a host of other corporate clients. Marketplace Homes provides Marketing Associates with a real "rags to riches" story line of a start up that is on the rise.
What this partnership means to Marketplace Homes' clients:
1) Better response time on finding out if your home qualifies
2) Improved phone support for questions new number 877-9000-Home (4663)
3) Streamlined processes that help Marketplace Homes' clients move now, not later
The operation will be run out of Marketing Associates' office on the 4th floor of One Kennedy Square overlooking Campus Martius Park in Downtown Detroit. The building is directly across the street from the Compuware building.
Marketplace Homes interviewed many different out of state companies and out of country companies for the job. In the ended the decision to go with a local company was made. This move reflects Marketplace Homes' commitment to Metro-Detroit and Michigan.
If you haven't already, please visit the new http://www.marketplacehomes.com/ website and forward to any friends or family members that need a new home, but can't sell the old. Today, more then ever, Marketplace Homes is here to help!
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 40 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
Marketplace Homes announces partnership with Marketing Associates of Detroit
Novi, Mich., July 23rd 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Marketplace Homes Announces Partnership with Marketing Associates of Detroit
An expanding Real Estate company in Detroit? It's true, Marketplace Homes has posted sales numbers for the first 6 months of 2009 that are almost equal to all 12 months of 2008 combined. As a result of the continued growth of the "Guaranteed Lease Program", Marketplace Homes has added additional phone and marketing capacity through a partnership with Marketing Associates (http://www.marketingassociates.com/).
Marketing Associates currently provides support for companies such as: DuPont, Ford, Chrysler, Continental, GE, and a host of other corporate clients. Marketplace Homes provides Marketing Associates with a real "rags to riches" story line of a start up that is on the rise.
What this partnership means to Marketplace Homes' clients:
1) Better response time on finding out if your home qualifies
2) Improved phone support for questions new number 877-9000-Home (4663)
3) Streamlined processes that help Marketplace Homes' clients move now, not later
The operation will be run out of Marketing Associates' office on the 4th floor of One Kennedy Square overlooking Campus Martius Park in Downtown Detroit. The building is directly across the street from the Compuware building.
Marketplace Homes interviewed many different out of state companies and out of country companies for the job. In the ended the decision to go with a local company was made. This move reflects Marketplace Homes' commitment to Metro-Detroit and Michigan.
If you haven't already, please visit the new http://www.marketplacehomes.com/ website and forward to any friends or family members that need a new home, but can't sell the old. Today, more then ever, Marketplace Homes is here to help!
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 40 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
Thursday, June 25, 2009
Novi, Mich., June 25th 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Did you ever really care if you lived in a site condo? Good, because now the government doesn’t either!
FHA is able to offer financing for site condos in Michigan! As of this past week, most new construction sites will qualify for these government backed mortgages. This means that you can buy a new construction home with only 3.5% down and a 620 credit score while leasing the old home as long as your income supports the new home. Sound like sub prime financing? Banks learned a lesson writing those, the government continues on.
If you live in a newer construction home in Michigan that was built in the last 10 years, you probably own a site condo. Naturally, your first thought is “who cares”? From the street, no one will know the difference between a site condo and a traditional “platted” home. The issue was that the mortgage companies treated them very differently. The rules had been written in an outdated fashion that made it very difficult, if not impossible, for many builders to offer FHA financing in new communities. FHA financing was not needed when all clients qualified for 115% financing as long as they had a pulse. Now that lending standards are stricter, builders really need to get communities FHA approved and fast. Now they have this tool.
What do you need to qualify for a new home in Novi, a new constrution home in Macomb or maybe that new constrution home in Howell?
1) 3.5% to put down
2) 620 credit score or better
3) A Marketplace homes Guaranteed Lease for your old home or condo
If you can obtain all three, you may be able to get your growing family into a brand new home.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
mk
Did you ever really care if you lived in a site condo? Good, because now the government doesn’t either!
FHA is able to offer financing for site condos in Michigan! As of this past week, most new construction sites will qualify for these government backed mortgages. This means that you can buy a new construction home with only 3.5% down and a 620 credit score while leasing the old home as long as your income supports the new home. Sound like sub prime financing? Banks learned a lesson writing those, the government continues on.
If you live in a newer construction home in Michigan that was built in the last 10 years, you probably own a site condo. Naturally, your first thought is “who cares”? From the street, no one will know the difference between a site condo and a traditional “platted” home. The issue was that the mortgage companies treated them very differently. The rules had been written in an outdated fashion that made it very difficult, if not impossible, for many builders to offer FHA financing in new communities. FHA financing was not needed when all clients qualified for 115% financing as long as they had a pulse. Now that lending standards are stricter, builders really need to get communities FHA approved and fast. Now they have this tool.
What do you need to qualify for a new home in Novi, a new constrution home in Macomb or maybe that new constrution home in Howell?
1) 3.5% to put down
2) 620 credit score or better
3) A Marketplace homes Guaranteed Lease for your old home or condo
If you can obtain all three, you may be able to get your growing family into a brand new home.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
mk
Thursday, June 4, 2009
Who's behind the Biggest Land Purchase in 2009???
Novi, Mich., June 4th 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Who's behind the Biggest Land Purchase in Michigan in 2009???
A Marketplace Homes partner builder, Lombardo Homes, has recently added 7 new communities in the Metro-Detroit area this past week. This deal could be the largest land purchase in Michigan this year. Lombardo’s action shows confidence from a leading developer that it is a great time to buy. Lombardo is positioning itself to overtake Pulte as the number one builder in Michigan and with this recent acquisition they have moved closer to that goal.
We have summarized 3 reasons why we think sales have continued to grow:
Who's behind the Biggest Land Purchase in Michigan in 2009???
A Marketplace Homes partner builder, Lombardo Homes, has recently added 7 new communities in the Metro-Detroit area this past week. This deal could be the largest land purchase in Michigan this year. Lombardo’s action shows confidence from a leading developer that it is a great time to buy. Lombardo is positioning itself to overtake Pulte as the number one builder in Michigan and with this recent acquisition they have moved closer to that goal.
We have summarized 3 reasons why we think sales have continued to grow:
- Creativity – Lombardo has embraced the idea that it is not enough to just build a great home, you have to solve problems. Most people have a big problem today. They have a home to sell that isn’t worth what is owed. Lombardo is aggressive in marketing the Marketplace Homes guaranteed 6 year lease program as a great option and also the “Trade in Trade up” program for those who have a trailer that won’t sell.
- Value –Who doesn’t want the most home for the dollar? Can you believe that a 3200 sq ft home can sell for under $200K? That’s better than foreclosure pricing, except it’s brand new!
- Production Builder Advantage – It is possible that Lombardo will build and sell over 300 homes this year, or almost a home a day! When you can offer that type of volume then you can get the best trades at the best prices. This value is translated to the homeowner with a great home at a great price.
Lombardo has been in business for over 50 years and they see a great buying opportunity in land right now. Could it also be the right time for your family to start living the lifestyle they deserve? It is possible… all it takes is a call!
If you are interested in being the first to know details about these 7 exciting new communities please contact Marketplace Homes at 248-282-9364 or send an E-mail to mike.kalis@marketplacehomes.com with the title “Put me on the VIP list!”.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
Friday, May 8, 2009
Marketplace Homes Honored by Crain's Detroit
Novi, Mich., May 8th 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Marketplace Homes was among 20 other companies honored at Crain's 20 in their 20's celebration last evening in Detroit.
For the complete story visit Crain's Detroit:
http://www.crainsdetroit.com/article/20090419/TWENTIES09/904179984
MICHAEL KALIS, 27 Why he lives in metro Detroit: “I didn’t choose Detroit, Detroit chose me. With a thriving company, I simply couldn't leave for another city.”
Claim to fame: Helped start a new real estate business that’s making money in the down market. Next step: Help 100 homeowners move from upside-down situations into communities in 2009.
Selling new homes usually hinges on buyers being able to sell their homes. Not an easy task in the current market. Michael Kalis found a way around that. Kalis owns Marketplace Homes L.L.C., a business that helps people find their way into new homes by taking their old ones. Through one portion of the business, Marketplace works with people who owe more money than their homes are worth and are unable to sell. The firm will rent a home from an owner through a six-year contract and, in return, broker a deal for the person to buy a new home.
Marketplace also has a rent-to-own program for people with poor credit who can’t buy a home. With a supply of interested renters and a stable of empty homes, Kalis put the elements together to hit $1 million in revenue in 2008. Half of that was from commissions, paid by builders, through arranging new-home sales. He brokered $8 million in real estate sales in 2008 and $10 million in 2007. Kalis personally selects the homes to be involved in the program and then outsources the management services. At any given time, he’ll have between 30 and 50 homes involved in the operation. He sees the upside for people on both sides. “If we’re leasing a home from someone, they can be upside down and get out of it,” he said. “And there is also a market for the people with families who just need their problems solved and find a new house.” Kalis started his career selling homes at Bloomfield Hills-based Pulte Homes Inc., and he credits the bad economy with getting his business started. “If things were great, I’d have stayed at my previous job,” he said...— Daniel Duggan
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models, The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.
CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC., +1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.markeptlacehomes.com/
Marketplace Homes was among 20 other companies honored at Crain's 20 in their 20's celebration last evening in Detroit.
For the complete story visit Crain's Detroit:
http://www.crainsdetroit.com/article/20090419/TWENTIES09/904179984
MICHAEL KALIS, 27 Why he lives in metro Detroit: “I didn’t choose Detroit, Detroit chose me. With a thriving company, I simply couldn't leave for another city.”
Claim to fame: Helped start a new real estate business that’s making money in the down market. Next step: Help 100 homeowners move from upside-down situations into communities in 2009.
Selling new homes usually hinges on buyers being able to sell their homes. Not an easy task in the current market. Michael Kalis found a way around that. Kalis owns Marketplace Homes L.L.C., a business that helps people find their way into new homes by taking their old ones. Through one portion of the business, Marketplace works with people who owe more money than their homes are worth and are unable to sell. The firm will rent a home from an owner through a six-year contract and, in return, broker a deal for the person to buy a new home.
Marketplace also has a rent-to-own program for people with poor credit who can’t buy a home. With a supply of interested renters and a stable of empty homes, Kalis put the elements together to hit $1 million in revenue in 2008. Half of that was from commissions, paid by builders, through arranging new-home sales. He brokered $8 million in real estate sales in 2008 and $10 million in 2007. Kalis personally selects the homes to be involved in the program and then outsources the management services. At any given time, he’ll have between 30 and 50 homes involved in the operation. He sees the upside for people on both sides. “If we’re leasing a home from someone, they can be upside down and get out of it,” he said. “And there is also a market for the people with families who just need their problems solved and find a new house.” Kalis started his career selling homes at Bloomfield Hills-based Pulte Homes Inc., and he credits the bad economy with getting his business started. “If things were great, I’d have stayed at my previous job,” he said...— Daniel Duggan
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models, The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.
CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC., +1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.markeptlacehomes.com/
Wednesday, April 8, 2009
Michigan Based Pulte, The Biggest in The World?
Michigan based Pulte, the biggest in the world?
The toughest real estate market produces the most resilient builder!
Pulte Homes has just announced the purchase of Centex Homes for $1.3 billion making Michigan based Pulte Homes the largest builder in the country. In every market downturn, public companies have often found that one great way to buy Real Estate is on Wall Street! This deal is a prime example of how to buy land in stock.
What this means to Michigan - Pulte will rank as one of the top land holders in the country. This is excellent for the state of Michigan as jobs and capital will be more likely to flow through our beautiful, if not economically challenged state. It is perhaps ironic that the largest builder would emerge from one of the most challenged building markets of Metro-Detroit. Pulte's growth is encouraging to all of us laboring in the tough local economy.
Bill Pulte – Local Warren Buffett? - Bill Pulte has been the unsung Warren Buffett of the Real Estate world going nearly 50 years without a loosing year (until the past year). His Midwestern roots tend to identify him with age old adages like “I’ve never worked a day in my life, because I love what I do.” He drives a Cadillac, although his wealth could be in the billions. He never locks the door leaving the key under the mat. He has a certain “golly gee” persona and likability that those from wall street and the coasts have never understood. What Wall Street does understand is that Bill wins! He may only have a high school education but his financial winning streaks have been unparalleled. His net worth is greater then that of Donald Trump. His mantra has always been that he wants to be the biggest and the best builder in the country. Today with this move, Pulte becomes the biggest builder at an interesting time to be the biggest.
This move for Pulte is 3 things; product diversification, land play, and a market share grab. In product diversification Pulte has long been known as a move up builder. In Michigan that is the $250K to $400K home. This is a very difficult market to tap with out programs like those offered by Marketplace Homes to get people out of existing homes. Pulte is well aware of these challenges. Pulte is also known for 55 and up “active adult” communities under the Del Webb brand. Centex’s value is in the starter home segment. Typically in a Real Estate turn around the first homes to start selling are the lower value starter houses. Centex dominates this market under the “Fox and Jacobs” brand that provides “minimalist” housing at an affordable price.
The Land Play – By purchasing Centex, Pulte will be able to consolidate the people, the products and systems of Centex. But mostly, Pulte has bought the land. This one move was a quick way for Pulte to buy out hundreds of communities in many states in one fair swoop. This move will make Pulte the biggest owner of American land in the world next to US and state governments.
Market Share – Continuing the mantra of diversification and simplification, the move to buy out Centex offers Pulte the opportunity for continued value creation with trades and suppliers. Pulte will have the largest share of the building market in the country, yet probably not even touch 10% of all homes built this year. This industry still has a lot of room for consolidation and look for other companies to follow Pulte’s lead.
What this means for you – If the big money is buying land, so can you! You might not have the desire to own billions of dollars worth of land, but why not a nice family home that you can enjoy! Pulte has waited over 50 years to make a move like this, how long has your family waited? Are you going to let your children grow up in a 2 bedroom condo when you have worked for and earned so much more? If Bill Pulte has confidence in the market, shouldn’t you?
If you purchase a home from one of our partner builders, Marketplace Homes will agree to a guaranteed lease for up to 6 years on your existing home! Contact us at 248-723-6490 to see if you home qualifies.
Regards,
Mike Kalis
Managing Partner
Marketplace Homes
Office: 248-282-9364
Cell: 734-751-1624
Fax: 248-295-4815
mike.kalis@marketplacehomes.com
www.marketplacehomes.com
The toughest real estate market produces the most resilient builder!
Pulte Homes has just announced the purchase of Centex Homes for $1.3 billion making Michigan based Pulte Homes the largest builder in the country. In every market downturn, public companies have often found that one great way to buy Real Estate is on Wall Street! This deal is a prime example of how to buy land in stock.
What this means to Michigan - Pulte will rank as one of the top land holders in the country. This is excellent for the state of Michigan as jobs and capital will be more likely to flow through our beautiful, if not economically challenged state. It is perhaps ironic that the largest builder would emerge from one of the most challenged building markets of Metro-Detroit. Pulte's growth is encouraging to all of us laboring in the tough local economy.
Bill Pulte – Local Warren Buffett? - Bill Pulte has been the unsung Warren Buffett of the Real Estate world going nearly 50 years without a loosing year (until the past year). His Midwestern roots tend to identify him with age old adages like “I’ve never worked a day in my life, because I love what I do.” He drives a Cadillac, although his wealth could be in the billions. He never locks the door leaving the key under the mat. He has a certain “golly gee” persona and likability that those from wall street and the coasts have never understood. What Wall Street does understand is that Bill wins! He may only have a high school education but his financial winning streaks have been unparalleled. His net worth is greater then that of Donald Trump. His mantra has always been that he wants to be the biggest and the best builder in the country. Today with this move, Pulte becomes the biggest builder at an interesting time to be the biggest.
This move for Pulte is 3 things; product diversification, land play, and a market share grab. In product diversification Pulte has long been known as a move up builder. In Michigan that is the $250K to $400K home. This is a very difficult market to tap with out programs like those offered by Marketplace Homes to get people out of existing homes. Pulte is well aware of these challenges. Pulte is also known for 55 and up “active adult” communities under the Del Webb brand. Centex’s value is in the starter home segment. Typically in a Real Estate turn around the first homes to start selling are the lower value starter houses. Centex dominates this market under the “Fox and Jacobs” brand that provides “minimalist” housing at an affordable price.
The Land Play – By purchasing Centex, Pulte will be able to consolidate the people, the products and systems of Centex. But mostly, Pulte has bought the land. This one move was a quick way for Pulte to buy out hundreds of communities in many states in one fair swoop. This move will make Pulte the biggest owner of American land in the world next to US and state governments.
Market Share – Continuing the mantra of diversification and simplification, the move to buy out Centex offers Pulte the opportunity for continued value creation with trades and suppliers. Pulte will have the largest share of the building market in the country, yet probably not even touch 10% of all homes built this year. This industry still has a lot of room for consolidation and look for other companies to follow Pulte’s lead.
What this means for you – If the big money is buying land, so can you! You might not have the desire to own billions of dollars worth of land, but why not a nice family home that you can enjoy! Pulte has waited over 50 years to make a move like this, how long has your family waited? Are you going to let your children grow up in a 2 bedroom condo when you have worked for and earned so much more? If Bill Pulte has confidence in the market, shouldn’t you?
If you purchase a home from one of our partner builders, Marketplace Homes will agree to a guaranteed lease for up to 6 years on your existing home! Contact us at 248-723-6490 to see if you home qualifies.
Regards,
Mike Kalis
Managing Partner
Marketplace Homes
Office: 248-282-9364
Cell: 734-751-1624
Fax: 248-295-4815
mike.kalis@marketplacehomes.com
www.marketplacehomes.com
Monday, February 16, 2009
Builders Don't Wait for the Government...
Builders Don’t Wait for the Government…
and neither can you!
Marketplace Homes
Novi, Mich., Feb. 16 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Does the big stimulus bill that will be signed into law tomorrow put housing first? The large $15,000 tax credit has been debated and has been removed leaving only limited government help for housing.
SO WHAT DO I GET?
You get a few scraps that are left for the housing industry. FHA limits will be increased to almost $300,000 for low money down loans. If you are a first time buyer and make limited income you come out a big winner with an $8,000 tax credit. But you already are a winner. You managed to not loose equity by not buying a home over the past 5 years. Way to not do anything!
WHY REWARD FIRST TIME BUYERS?
Rewarding first time homebuyers for their crystal ball non action is similar to rewarding cash hoarders that never invested in the stock market. Why not provide all first time stock investors with an $8,000 credit to buy into wall street? What a smack across the face to all the investors that stayed in the market and stuck it out. Similarly, the 70% of Americans that are current homeowners have a strange feeling of resentment. (My loving girlfriend closed on a new home December 20th 2008 and just missed the January 1st cut off to qualify for the $8,000 credit by 10 days!)
SO THIS BILL IS BAD?
No it’s not bad, but it just doesn’t do much for housing. But here is the thing; America never needed a $15,000 tax credit for housing before and some how Real Estate has always come back. Real Estate will come back and in the mean time some great opportunities exist. Below are 3 wonderful examples of how private business can get things moving without government help.
WHAT BIG BUILDERS ARE DOING –
PULTE – Pulte didn’t wait for the government bail out. Pulte took it upon themselves to buy down a rate to 3.99%. Marketplace just sold a $305,000 home in Macomb that has a mortgage payment of only $1,400/mo. Our customer found this payment to be even better then the possible $15,000 tax credit! That rate saves the client over $130,000 over the next 30 years! BETTER THEN A BAILOUT!
LOMBARDO - Lombardo didn’t wait for government bail out. They have cut land costs to be able to deliver new construction at lower then foreclosure pricing. Would you believe that you can get a new construction 2000 sq ft home for $170k? Wow, that’s around $1,000/mo on a mortgage and that is not even a forclosure! BETTER THEN A BAILOUT!
HUNTER PASTURE - Hunter Pasture didn’t wait for a government bail out. In Novi, Knightsbridge Gate continues to sell. By renegotiating land and pricing you can be in Novi new construction starting at $250K! 4 years ago Novi for under $400K could not be found. Saving $150,000 is BETTER THEN A BAILOUT!
Those are just 3 examples of Michigan builders moving forward. So what are you doing different to take advantage of what is happening in the world? If you are a first time home buyer, good for you! For the other 70% of Americans that are current homeowners and missed the stimulus, maybe it’s time to think a little outside the box.
Would a huge hand out be nice, you bet! But, at Marketplace Homes, we believe that government can’t fix housing first, the consumer and innovative business leaders fix housing first.
Government can pass bills, but they can never out innovate American minds and business. Just because you didn’t get a hand out from the government doesn’t mean that your piece of the pie is gone.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models, The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.
CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC., +1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.markeptlacehomes.com/
and neither can you!
Marketplace Homes
Novi, Mich., Feb. 16 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Does the big stimulus bill that will be signed into law tomorrow put housing first? The large $15,000 tax credit has been debated and has been removed leaving only limited government help for housing.
SO WHAT DO I GET?
You get a few scraps that are left for the housing industry. FHA limits will be increased to almost $300,000 for low money down loans. If you are a first time buyer and make limited income you come out a big winner with an $8,000 tax credit. But you already are a winner. You managed to not loose equity by not buying a home over the past 5 years. Way to not do anything!
WHY REWARD FIRST TIME BUYERS?
Rewarding first time homebuyers for their crystal ball non action is similar to rewarding cash hoarders that never invested in the stock market. Why not provide all first time stock investors with an $8,000 credit to buy into wall street? What a smack across the face to all the investors that stayed in the market and stuck it out. Similarly, the 70% of Americans that are current homeowners have a strange feeling of resentment. (My loving girlfriend closed on a new home December 20th 2008 and just missed the January 1st cut off to qualify for the $8,000 credit by 10 days!)
SO THIS BILL IS BAD?
No it’s not bad, but it just doesn’t do much for housing. But here is the thing; America never needed a $15,000 tax credit for housing before and some how Real Estate has always come back. Real Estate will come back and in the mean time some great opportunities exist. Below are 3 wonderful examples of how private business can get things moving without government help.
WHAT BIG BUILDERS ARE DOING –
PULTE – Pulte didn’t wait for the government bail out. Pulte took it upon themselves to buy down a rate to 3.99%. Marketplace just sold a $305,000 home in Macomb that has a mortgage payment of only $1,400/mo. Our customer found this payment to be even better then the possible $15,000 tax credit! That rate saves the client over $130,000 over the next 30 years! BETTER THEN A BAILOUT!
LOMBARDO - Lombardo didn’t wait for government bail out. They have cut land costs to be able to deliver new construction at lower then foreclosure pricing. Would you believe that you can get a new construction 2000 sq ft home for $170k? Wow, that’s around $1,000/mo on a mortgage and that is not even a forclosure! BETTER THEN A BAILOUT!
HUNTER PASTURE - Hunter Pasture didn’t wait for a government bail out. In Novi, Knightsbridge Gate continues to sell. By renegotiating land and pricing you can be in Novi new construction starting at $250K! 4 years ago Novi for under $400K could not be found. Saving $150,000 is BETTER THEN A BAILOUT!
Those are just 3 examples of Michigan builders moving forward. So what are you doing different to take advantage of what is happening in the world? If you are a first time home buyer, good for you! For the other 70% of Americans that are current homeowners and missed the stimulus, maybe it’s time to think a little outside the box.
Would a huge hand out be nice, you bet! But, at Marketplace Homes, we believe that government can’t fix housing first, the consumer and innovative business leaders fix housing first.
Government can pass bills, but they can never out innovate American minds and business. Just because you didn’t get a hand out from the government doesn’t mean that your piece of the pie is gone.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models, The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.
CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC., +1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.markeptlacehomes.com/
Monday, January 26, 2009
Buy Low & Don't sell!
Marketplace Homes
How to take advantage of the Market when you have a home to sell?
Novi, Mich., Jan. 26 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Did you recently get married? Have you watched your family grow from just 1 to a family or 4 including 2 children and a dog? Did a 2 bedroom condo seem to shrink as your life has expanded?
From 1997 to 2006 over 100,000 homes where constructed in Michigan! From 2001 to 2005 the state averaged over 20,000 permits per year. Many of those permits had been issued to build condos that catered to the 20 somethings. The single young professional that could take advantage of a rising real estate market and buy instead of rent. These condos where meant to be a short term 3 to 5 year flip for most buyers. Buy a place and then when it's time for a family sell for a profit.
Now these 20 somethings are turning 30 somethings and 100,000 new construction buyers are now in a position that in years past would warrant the for sale sign. The problem is that as the family grew, the equity shrank. How can you raise a growing family in a shrinking condo? How can you sell a home that is only worth 50% of what you paid for it?
It's a great time to buy, but a tough time to sell! Why sell?
Many families are coming to grips with the idea that in order to raise a family in a home with a yard, the condo has to become a rental property. If you are too upside down to sell and don't want your credit to take a beating, renting the old condo and buying the new home is a great option.
The idea of buying while rates are great and prices ridiculously low makes sense to most people. The thought of managing a rental property seems a bit daunting.
Marketplace Homes will agree to a guaranteed corporate lease on your existing property if you buy from a partner builder! This takes the headache of property management away from you and allows your family to get into the home you truly deserve now.
This is just one more creative way to solve a common problem for many growing families in today's market.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models, The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.
CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC., +1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.markeptlacehomes.com/
How to take advantage of the Market when you have a home to sell?
Novi, Mich., Jan. 26 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC
Did you recently get married? Have you watched your family grow from just 1 to a family or 4 including 2 children and a dog? Did a 2 bedroom condo seem to shrink as your life has expanded?
From 1997 to 2006 over 100,000 homes where constructed in Michigan! From 2001 to 2005 the state averaged over 20,000 permits per year. Many of those permits had been issued to build condos that catered to the 20 somethings. The single young professional that could take advantage of a rising real estate market and buy instead of rent. These condos where meant to be a short term 3 to 5 year flip for most buyers. Buy a place and then when it's time for a family sell for a profit.
Now these 20 somethings are turning 30 somethings and 100,000 new construction buyers are now in a position that in years past would warrant the for sale sign. The problem is that as the family grew, the equity shrank. How can you raise a growing family in a shrinking condo? How can you sell a home that is only worth 50% of what you paid for it?
It's a great time to buy, but a tough time to sell! Why sell?
Many families are coming to grips with the idea that in order to raise a family in a home with a yard, the condo has to become a rental property. If you are too upside down to sell and don't want your credit to take a beating, renting the old condo and buying the new home is a great option.
The idea of buying while rates are great and prices ridiculously low makes sense to most people. The thought of managing a rental property seems a bit daunting.
Marketplace Homes will agree to a guaranteed corporate lease on your existing property if you buy from a partner builder! This takes the headache of property management away from you and allows your family to get into the home you truly deserve now.
This is just one more creative way to solve a common problem for many growing families in today's market.
Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models, The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.
CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC., +1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.markeptlacehomes.com/
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