Livonia, MI, June 20, 2012 --(PR.com
)-- For the seventh year in a row, Texas eclipsed every other state and took the lead as the No.1 magnet state in 2011 based on an Allied Van Lines report, which tracks migration patterns.
Hundreds of thousands of Americans face the possibility of relocation every year. While it’s a great time to buy a home, it’s a tough time to sell one. Many homeowners are faced with the daunting task of figuring out how to make their move possible. The rental market is hot, but not many people are up for the role of landlord, especially that of a long distance landlord. A homeowner may also try to sell their home, but in today’s market that can be a long and difficult journey.
While many real estate markets are slowly recovering, many others still have upwards of 30% of underwater mortgages.[i] This can make it very difficult for a homeowner to sell their home without taking a huge loss.
Marketplace Homes, a cloud real estate firm based just outside of Detroit, has found a solution for homeowners looking to relocate. When a homeowner buys a new construction home through one of Marketplace’s preferred builders throughout the United States, Marketplace will agree to lease their current home for up to 6 years. The homeowner will receive a payment every month, even if the tenant doesn’t pay, even if there isn’t a tenant. In addition, utilities, maintenance and repairs are handled by Marketplace Homes. Since all communication is done through the cloud, Marketplace is able to make the homeowner’s relocation as convenient, quick, and simple as possible. Plus, the homeowner doesn’t have to worry about being a landlord or losing money on a home sale, short sale, or foreclosure.
Following Texas, the top magnet states in 2011 were Florida, South Carolina, Colorado and Oregon. With job opportunities abundant in each of these states, many people are leaving other states such as Illinois, Pennsylvania, and New York[ii], in search of better career prospects. In these states, many areas have upwards of 50-60% of underwater mortgages. The Marketplace Homes 6 Year Guaranteed Lease allows homeowners in these areas to be able to relocate without waiting for market values to stabilize.
Marketplace Homes has helped thousands of people move, locally and nationally, through the use of their fresh approach to realty. As the rental market continues to do nothing but rise, Marketplace Homes looks forward to helping many more purchase the new construction home of their dreams, wherever that may be.
[i] Zillow June 2012
[ii] Allied Van Lines