Young Professional (Teacher) Looking To Buy First Home in CLT Area (Huntersville: apartment, condo)

[amanda6126]

Hi!
I've lived in an apartment in the Lake Norman area for the past five years and enjoyed it, but after some heavy thinking I have decided that I am ready to purchase a home.
I am a teacher (possibly looking to relocate schools next year based on where I buy) and am currently making around $35,000. I'm looking for a townhome/condo in the $100-130,000 range in an area that is SAFE and APPEALING to a young (28) single female living alone.
Any ideas on communities/areas that I should look into?

I would truly appreciate it.

Thanks,
Amanda

[Whytewulf]

I have friends, several of which are teachers as well who love their townhomes off Eastfield. A few others of Prosperity Church. I think that is a good area, but obviously depends on what schools. I am trying to remember where they are building the new town homes in Huntersville. PIcking a good time to buy, though plan to lose 5 to 10% of your investment the first year, and making it back the next. I don't think we have hit rock bottom. But to egt a 4.5% 30 yr fixed rate would be very tough to pass up.

[lovesMountains]

Originally Posted by Whytewulf

I have friends, several of which are teachers as well who love their townhomes off Eastfield. A few others of Prosperity Church. I think that is a good area, but obviously depends on what schools. I am trying to remember where they are building the new town homes in Huntersville. PIcking a good time to buy, though plan to lose 5 to 10% of your investment the first year, and making it back the next. I don't think we have hit rock bottom. But to egt a 4.5% 30 yr fixed rate would be very tough to pass up.

You are so right about this being a great time to buy because of the interest rates! I would SO love to be buying right now myself - to have 30 year fixed at less than 5% - what a dream!!! Sadly, with my hubby's job loss our plans had to change. When our time comes back around I know I'll probably get at best 8%, and be happy to get that I'm sure. For those of you on the fence about buying right now - just crunch the numbers - 4.5%????? Ohmygosh that gets you such a great note!