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Wednesday, January 28, 2009

Buying a Charlotte Condominiums

By R. Kim

With many of Charlotte condominiums developers in foreclosure proceedings, buying a condo in Charlotte, North Carolina has been an easy one. Charlotte has not been hit hard as rest of the country in the building boom of the early 2000's, while Charlotte home prices have been declining, they are declining at lower rate than others who experience higher price appreciation like Las Vegas or Southern Florida.

In Charlotte you can chose to live in Uptown or live in suburb, you can find a condo that is well suited to your needs. Within last couple of years many condo development have increased the available Charlotte condominiums in the market.

There is bargain to be found in new constructions or condo conversion from apartment. With low interest rate and a $7,500 tax credit for first time buyers, this is opportunity that comes once in a while for those seeking residence.

Being the largest city in North Carolina and the twentieth largest city in the United States with over 600,000 residents working and living in greater Charlotte area you can find what you want. If you are looking for a home, Charlotte certainly is great place to live, work, and raise a family.

The advantages of Charlotte condominiums are that it is convenient and the association takes care of the repair and maintenance of the building, so you can live without worrying about mowing lawns or changing light bulbs. You can also look for auctions and short sales that will save you tremendous amount of money, not the high prices you had to pay couple of years ago.

So, if you have done your research, check out MLS listings or with a real estate agent who is experienced with Charlotte market. The agent will help you find condo that fits your needs, but you will ultimately make that decision.

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