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Friday, January 30, 2009

Buying a Charlotte Condominiums

By R. Kim

Many Charlotte condominiums are in foreclosure proceedings. This make buying a condo in Charlotte North Carolina a breeze. Like the rest of the country the housing market in Charlotte has been hit hard as the country is grappled with financial problems. While the prices have been increasing in the building boom of the early 2000's, the price decline has been lower than other areas like Las Vegas or Southern Florida which were once a sizzling market.

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.

Charlotte is the largest city in North Carolina and is the twentieth largest city in the United States with over 600,000 living and working in greater Charlotte area. If you are looking for a condominium, Charlotte certainly is a great place to look for a house and to raise a family.

The advantage of Charlotte condominiums is that not a lot of work is needed to upkeep the condo, the condo association takes care of the majority of repairs and maintenance. So you can live a stress free living. You an also find a bargain in short sale or in foreclosure auctions, these will save you tremendous amount of money, buying a distressed property.

So, check out MLS listing or check with a Realtor who can help you as buyers agent to buy the right and spacious condo that fits your need. Do research to check out whether you want to live in Uptown area or in the suburbs, depending on your needs.

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