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Sunday, February 1, 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.

You can live in the suburbs or you can live in the Uptown area, which ever suits your needs. Because of the last building boom there is ample supply of available Charlotte condominiums in the market, you have many options to choose from.

There are plenty of bargains whether it is condo conversion or a new constructions. With the interest rate at all time low and $7,500 tax credit for first time buyers, the opportunity of lifetime is knocking at your door, you just have to act.

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 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, check with an experienced local real estate agent and check the MLS listings to find available property. Do you research whether you want to live in the suburbs or the Uptown area.

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