Tuesday, January 27, 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.

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.

You can find a bargain in a new construction or apartment conversion to condos. With the interest rate at all time low due to the recent upheaval in the US economy, this is opportunity of lifetime for those who are seeking a 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 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 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. - 20896

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