Monday, March 15, 2010

Fishermans Wharf Co-ops West Babylon Real Estate Market Report For February 2010

Fishermans Wharf Co-ops West Babylon Real Estate Market Report For February 2010
There were no newly listed co-ops and also no closed co-op units in Fisherman's Wharf for February. Only Under Contract.

In order to live at Fisherman's Wharf, you have to be approved by the Board. That is the last step before going to closing.
Fisherman's Wharf Requirements:
Maximum 3 to 1 Debt-To-Income Ratio (33%)

15% down minimum (used to be 20%)

Income Requirement:
Taking a mortgage - $53,950.00
No Mortgage - $44,141.00

Under Contract 4
Average Listing Price $191,850
Original Price $194,350
Average Maintenance Fee $700
Average Days On The Market 165

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