Think You Can’t Buy New Because You Have to Sell the Old? Think Again

December 04, 2010

Want a new home but are afraid to put your existing Chicago real estate on the market?

Boy, does MarketPlace Homes have a deal for you.

If you buy a newly constructed home with certain builders, MarketPlace Homes will lease your old home.

“Many prospective buyers tell us that they have concerns about whether they can sell their existing homes in today’s market conditions,” said Debbie Beaver, vice president of sales and marketing. “We believe that MarketPlace Homes’ new long-term leasing program can remove this obstacle and enable buyers to move forward with their purchasing plans.”

Under the offer, MarketPlace Homes will not only guarantee you monthly lease payments up to six years, but they’ll also cover the utilities, maintenance on the home and tenant repairs.

One of the builders MarketPlace Homes works with is William Ryan Homes.

“Why not buy a brand new William Ryan Home at today’s low prices and wait and sell your current home later, when prices recover?” said Beaver. “Marketplace Homes takes care of the hassle of your current house so you can provide a new home for your family right now.”

That’s quite the offer.

William Ryan Homes currently has new homes available in:

* Elgin: Sandy Creek Estates, with home prices starting from $236,490; Highland Woods, starting from $239,990

A home at the Preserves at McDonald Woods in Lindenhurst from William Ryan Homes.

This is a home at the Preserves at McDonald Woods in Lindenhurst from William Ryan Homes.

* Genoa: Riverbend, starting from $163,990

* Lindenhurst: The Preserves at McDonald Woods, starting from $265,990

* Lockport: Maple Hill, starting from $283,490

* Naperville: Custom Collection, starting from $750,000

* Shorewood: Estates of Hidden Creek, starting from $244,990

* Volo: Autumn Grove, starting from $179,990

* Winnetka: North Shore Builders, starting from $479,900

For more information on William Ryan Homes, visit

MarketPlace Homes also is offering this deal for Orleans Homes communities, of which there are six in the Chicago area:

*Aurora: Verona Ridge, with new, single-family homes priced from the low $300,000s

Kitchen, eat-in area and family room

This is a home at Cheswick Place in Lake In The Hills by Orleans Homes.

*Bolingbrook: River Hills, priced from the low $300,000s

*Lake In The Hills: Cheswick Place, priced from the mid $200,000s

*Lake Villa: Prairie Trail, priced from the high $200,000s

*Oswego: Spring Gate at Southbury, priced from the high $200,000s

*Woodridge: Noble Woods, priced from the high $400,000s

For more information on Orleans Homes, visit

What if you just want to build your dream home on your dream lot? Work with renowned architect Dominick Tringalli, and MarketPlace Homes will be there for you as well.

If MarketPlace Homes sells your existing house during the lease period, the homeowner will get 100 percent of the asking price.

Who said you can’t buy new construction in this market?

For more information on the MarketPlace Homes program, call (877) 9000-HOME or visit

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Read All Stories By Tracey



This program sounds amazing & could do a lot for people who are upside down on their home like myself!


I was talking with someone about this and they told me that an area of Detroit did something like this and it has been a success. I am looking into this further.


What they don’t tell you is that you may have part of your old mortgage payment you have to pay on top of your new mortgage payment because they don’t guarantee that they will match your current payment in their lease plan. Correct?


I work for Marketplace Homes so I’m a little bias but this program has helped close to a thousand people in Detroit and Chicago. You are correct that the rent amount is going to be fair market rent. In most cases that covers all of or most of the payment. Sometimes being $50 dollars a month upside down is sure better then paying down $50K in equity to sell and it for sure beats a forclosure! Just visit the website and you can find out what your home will qualify for… if it works, great! If not, then at least you got all the facts. Great Program!

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