At the beginning of each year, real estate brokers publish market reports on Brooklyn home sales from the previous year and attempt to forecast where home values will go.
While predictions about what your brownstone might sell for today is, at best, a professional guess, it’s based on information agents have come to rely upon.
And that information is NYC Property Sales.
Practically everyone in the real estate business gets their information from either Comps, Geo Data Plus or PropertyShark, and they get it from New York City Department of Finance.
While the information provided is pretty accurate for coops, condos and other buildings, the problem centers around its property sales for 1 to 4 unit buildings in central Brooklyn neighborhoods.
And the problem could cost you time and money.
But to see how this can affect your savings and relocation plans, let’s first see how this problem came about.
