Marketplace Homes 6 Year Guaranteed Lease Now Available Through One of the Nation's Largest Home Builders

PLYMOUTH, Mich., March 30 /PRNewswire/ -- Marketplace Homes announced today that it will now offer its unique 6 year guaranteed lease program through one of the nation's largest home builders, M/I Homes.  Previously unique to the Midwest, this new partnership will provide an opportunity for Marketplace Homes to offer a guaranteed lease program to the Charlotte North Carolina market, greatly expanding Marketplace Homes' Michigan-based business.

"We are thrilled to have M/I homes as our newest partner, offering consumers a simple way out of their current housing situation and making a new home possible," says Mike Kalis, Managing Partner of Marketplace Homes.  "Many families are growing and find themselves stuck in a starter home that does not fit but can't be sold for a fair price in today's market.  We offer a solution."

The Marketplace Homes 6 year guaranteed lease program provides an exclusive opportunity to build a new home with preferred builder partners and have your first home leased for up to 6 years—with payments guaranteed, utilities guaranteed, maintenance guaranteed, even tenant damage up to $5,000 is guaranteed.  Marketplace Homes' guaranteed lease program is a hassle free way for consumers to move into their dream home and provides peace of mind that their first home is being cared for and maintained.

"It's a great time to buy, just a tough time to sell. Our program allows homeowners to provide the lifestyle that their family deserves, without taking a financial loss by selling," Kalis explains.  "We want customers to know that they don't have to let their existing starter home or condo keep them from the lifestyle they deserve."

Marketplace Homes will launch their M/I Homes partnership in the greater Charlotte, North Carolina area this month.  The Marketplace Homes guaranteed lease program is already available through partnerships with:

• Lombardo Homes
• Hunter Pasture Homes
• Arteva Homes

All available homes, success stories and builder partners can be found at www.marketplacehomes.com.  

About Marketplace Homes

Founded in 2002, Marketplace Homes based in Plymouth, Mich., is a privately held company with operations in Metro-Detroit.  In 2009 Marketplace Homes contributed to the sale of 12% of all new construction homes in Metro-Detroit and will be in 12 markets by the end of 2010.  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 Program. Visit www.marketplacehomes.com for more information.

About M/I Homes

Founded in 1976, M/I Homes is one of the nation's leading home builders. We serve a broad segment of the housing market including first time buyers, move-up and luxury home buyers. M/I Homes offers new homes in all the best locations including: Charlotte, NC - Chicago, IL - Cincinnati, OH - Columbus, OH - Indianapolis, IN - Maryland - Virginia - Raleigh, NC - Orlando, FL - Tampa, FL

Listed on the New York Stock Exchange, M/I Homes is a publicly traded company under the ticker symbol MHO.

SOURCE Marketplace Homes

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