Thursday, 13 August 2009 23:07
Buckhead CondoWritten by Brett
Everyone has heard the phrase “I have some good news and some bad news”. This phrase is particularly timely in describing the Buckhead residential condominium market. Let’s quickly dispense with the bad news and then move on quickly to the good.
Dating back nearly to its “founding” in the 1830’s around a general store and tavern owned by a large land owner, Buckhead has been a premiere place for the wealthy to call home. While initially comprised of huge houses on sprawling estates, the homes in Buckhead today range from the large, stately mansions to bungalows and townhomes to apartments and condos. In fact, there are currently over forty high-rise condo buildings in Buckhead alone.
We mentioned some bad news earlier. In this article the bad news is limited to the builders or others who are looking to sell a Buckhead condo in this down real estate market. The prices are very low and the high supply of condos has forced sellers to offer once in a lifetime incentives to prospective purchasers. However, this bad news for sellers is good news for buyers and this could not be a better time to purchase a Buckhead condo at any price range.
In addition to the low prices and terrific seller incentives, there is even more good news. First, interest rates remain at near historic lows making the condo payments even more affordable. Next and for a limited time only Congress has authorized first time buyers a tax credit of up to $8,000 if they purchase a property prior to November 30th. At the lower price ranges this could amount to a year’s worth of payments.
So what are you waiting for? Now is the time to move to one the premiere neighborhoods in America. With some of the best dining, shopping and social scene in the nation come find out why many regard Buckhead as the “Beverly Hills of the South”.
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Published in Buckhead Condos
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