A condo buying frenzy took place in Charlotte’s Fourth Ward recently. The owners of 501 N. Graham St announced that they were converting to condos, and pricing the units from $99,900 to $221,900. More than 700 people crowded the sales office and model unit.

Condos in Charlotte’s Fourth Ward have previously had a price range of $150,000 to over $1 million. This tremendous interest shows that at the right price, Charlotte’s Fourth Ward is a very attractive neighborhood, and one that holds interest and value in Center City.

Here are some listings in Charlotte’s Fourth Ward:

The Garrison At Graham

The Citadin

701 North Church

Fifth and Poplar

Find out why Condodomain is different from other brokers.

So what is the story with the stimulus and the tax credit for first time home buyers anyway? How different is it from the tax credit that already exists?

Originally, a $15000 credit was discussed, one that would be open to all home buyers who had not purchased within the past three years. This would have carried a 19 billion price tag. Congress reduced it to $8,000. But you still are eligible if you have not owned a home within the past three years.

Congress missed a great opportunity to stimulate many local housing markets. With lower prices, low interest rates, and a large tax credit, first time buyers and those starting over after three years could have had some leverage to enter the market and relieve the backlog of inventory. $8000 is not nearly so dramatic, especially since we’ve got a $7500 credit now. The main difference is that this credit does not have to be repaid. It is also not available to those in upper income brackets.

You can claim the $7500 credit on your taxes you will file for 2008. If you buy now, you can claim the credit on the tax return you file in 2010.

Of course, when you buy your Charlotte condo with us, you don’t have to wait to file your taxes for us to cut you our own “stimulus” – we cut you a check at closing. And our check might be larger than $8,000.

Let’s say you buy a Charlotte condo at The Garrison at Graham or Courtside for 500,000. The buyers commission that we collect from the seller will be around $15000. Commission rates and agreements are negotiable, and may vary. But our flat fee for representing you is only $5000. So we cut you a check at closing for the difference, which is $10,000.

But you’re in the price range for about 250K at Fifth and Poplar. Well, same math. Assume our commission for representing you, the buyer, is around $7500. But our fee is still $5000, so you receive the difference at closing of $2500.

So lets see – we still have low interest rates for qualified buyers (that’s you) a lot of Charlotte condos on the market for the qualified buyer to choose from (again, that’s you having fun house shopping) and now if you are a first time home buyer you get an $8000 credit on your taxes next year (that’s you doing the happy dance in April 2010). AND WE GIVE YOU MONEY BACK AT CLOSING.

Give us a call, we’ll find the right Charlotte condo for lucky you!

Celebrate Valentines Day in Charlotte with our gift to you – money back at closing, and world class service in assisting you as you look for your perfect home. And just in honor of the occasion, we have a nicely wrapped up candy box of some of Charlotte’s most delicious properties!

We know its a reach for most buyers, but we love Encore Charlotte. This building is unique among Charlotte condo residences because of the design for door to door parking at the high rise level. In most luxury buildings we talk about the pool, the services, the types of appliances, and windows – well you have those here, but you also can step out of your car and into your home, privately, even on the top floor. This design is innovative, comfortable, and says welcome to the 21st century.

We love the energetic Fourth ward, and our choice here is Fifth and Poplar. We love the live work concept in Charlotte condo residences, and here you can certainly walk to work, to transportation, and to all the attractions. We like the convenience of a gourmet grocer right in the building. And the luxury amenities of a fitness center, pool, outdoor bar with fire place, and putting green make it all the more sweet for the sweet – and that’s you.

Garrison at Graham is scheduled for completion in May 2009, and we are really looking forward to these bi level brand new lofts gracing Center City. The spectacular views, location, and upscale amenities certainly make this the sweet spot of Charlotte.

Charlotte condo living is exciting in NoDa, and here we love NoDa 18 and Fat City. These lofts are modern, well appointed, and part of the hip and funky life of NoDa.

Don’t forget, we top off our valentine offering with a dollop of a year round sweet deal – when you buy with CondoDomain in Charlotte you save thousands via our commission refund business model.  On average our clients get back more than $10,000 cash back at closing!

Loft living has a new edge in Charlotte. The Garrison at Graham, a new loft building developed by Hawkins & West, has breathtaking views from 12 x14 windows, a rooftop terrace with bar, grills, icemaker, fireplace, and hot tub, and sleek modern styling in Charlotte’s Fourth Ward. Lofts are priced from 400K to 600K, and many luxury upgrades are available. Best of all, your window to the world opens onto Charlotte’s panoramic skyline.

These are contemporary Charlotte condo lofts, and so in addition to what you normally expect in a loft building – 12 foot ceilings, exposed ductwork, spacious floorplans, hardwood floors – there are modern amenities. The building has a wireless router, and each residence is fully wired for computers, television, internet, cable and all 21^st century electronics. Gated covered parking protects your vehicle, and there is an option for a hydraulic double parking system for multiple vehicles. Guest parking is available. Sound abatement between units is also standard – dual, independently-insulated tenant separation walls with sheet rock separation strips insure more peace and privacy in your own home.

GE Profile appliances are standard, as are granite counter tops in the kitchen. Viking appliances and granite baths are available as an upgrade.

Be part of this dynamic new Charlotte Condo loft in one of the most hip neighborhoods in Charlotte. Call me to arrange a tour of The Garrison at Graham.

Expected for completion in May 2009, The Garrison at Graham is an exciting new development to hit Charlotte. Luxurious loft-style living simply at its best can be found at The Garrison at Graham. These sleek and modern loft condominiums at The Garrison at Graham set a new standing for Charlotte urban living. Each condo unit detailed in modern yet traditional features in The Garrison at Graham showcase high ceilings, tremendous space, exposed duct work, hardwood floors, and designer kitchens to simply name a few. The Garrison at Graham exudes a vintage industrial design with a modern twist. These condo units offer state-of-the-art technology, granite countertops, and energy efficient windows. Check out The Garrison at Graham in Charlotte today!

Tour The Garrison at Graham Today

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Well, we are a whole week old in the Charlotte condo market now and have finally got some great feedback from our users.  First and foremost we are making progress with implementing the Charlotte MLS into our site and it should be done shortly (thanks for being patient).

As we did in our Atlanta condo market, we sent out an email to all of our first registrations (our innovators) and ask them what the hottest Charlotte Condo developments were.  Below are the results in no particular order:

- Citadin

- Encore Charlotte

- Fifth and Poplar

- The Garrison at Graham

- The VUE

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