(1888PressRelease)
February 24, 2009 - Orange County, California -- Orange County Realtors The Weeks Team have taken a refreshing and positive approach to the challenging real estate market. The Weeks Team, who utilize their experience and a can do attitude to solve many of the problems both buyers and sellers face today, have been able to help both (moved) individuals and families find and get good deals on homes in this trying economy.
"Instead of placing a focus on what clients can't do, we look at what they can do, and start building from there", says Angie Weeks. The team stresses that if you work with an educated, qualified, buyer there's literally very little that can't be done. This is especially true when dealing with first time buyers, as there are some fantastic deals on both homes and mortgages to be had right now.
When working with buyers, The Weeks Team has placed the spotlight on foreclosures. As the prices of foreclosed homes in Orange County have continued to drop, many buyers have been able to take advantage of FHA Loans. With interest rates as low as 5% the Orange County Realtor makes it a point to turn her buyers onto the idea of such a purchase. Angie Weeks adds, "Most people don't understand the difference between foreclosures and short sales. With the market being what it is, there are so many opportunities to land a great deal with an affordable, fixed rate loan. Foreclosure properties have become extremely appealing for nearly all buyers". Additionally, an FHA loan only requires that a buyer put down a minimum of 3% of the total cost of the home.
The Weeks Team also makes note of the fact that many banks want to resell a foreclosed home as quickly as possible and as such usually sell the home at 10% below market value. This opens up ownership opportunities for many buyers who might not have previously qualified for a loan or been able to afford the mortgage. The team also notes that lenders have more time on their hands, so home buyers are getting more personal attention and education about their loan than ever before.
The vivacious team of Realtors recommends that any one looking at Orange County real estate consider looking first at foreclosures. With prices often below market value and hungry lenders available it's difficult not to own a home despite what many believe.
For more information about foreclosures and Orange County real estate visit The Weeks Team online at www.askangie.com.
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