Brenda Dohring 
 
July 2009
 Volume 5 - Newsletter 7
Streamlining the Business of Commercial Real Estate for Appraisers
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In This Issue
Appraisal Best Practices
DataComp© Tip
EDGE© Insights
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No. 1 Selling Comp
Database Software
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YouConnect

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 Commercial Appraisal Report Generating Software
For more information,
click here to view an
E-Learning video.
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 Limited Time Only!
 
EDGE/DataComp bundle pricing!
Save up to 30%
 
Contact
Adam@realwired.com
or call 813.349.2700
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Alive After Five
Additional Services Available 
Too busy to create your own templates?  We're here to help.
 
We now offer services to create your custom templates for use with our appraisal generating software, EDGE©.
 
Interested?  Please contact Sarah Razai at (813) 221-0703.  She will be happy to help.
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DataComp©
Are You Current?
Please make sure you are running the current 5.3.05 version of DataComp©.
To download click here.
 
To view a complete description of items contained in Service Pack 5.3.05, click here.
DataComp©
Additional Services Available
Need more custom fields in DataComp© but don't have the time to set them up?  We now offer service to set up your Custom Tabs for you.  The price varies depending on how many fields you want configured.
 
Don't forget...you can also contact us about setting up your DataComp© custom outputs for both Word and Excel.
 
Interested?  Please contact Sarah Razai at (813) 221-0703.  She will be happy to help.
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For more information on realwired!© Products and Services, please call (813) 349-2700 or Sunda@realwired.com
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APPRAISAL BEST PRACTICESJeff Hicks
by Jeff Hicks, President,
The Dohring Group/realwired!©
 
We have been gathering best practice tips for over ten years from the best appraisers in the country and now we'd like to share them with you.
All or Nothing
You would think "all or nothing" would be limited to Las Vegas.  Too often I find commercial appraisers approach their business in this fashion.  When it comes to increasing office efficiencies, many believe the following:

When appraisers are busy...
"I'm swamped.  I don't have time to implement new software tools and processes".

When appraisers are slow...
"I can't afford to implement new software tools and processes".

This all or nothing attitude is not super productive.  Think more in terms of slow incremental improvement.  If you are a student of martial arts, the best practitioners of the art always think as a beginner..."empty the cup" so to speak.

So look around your office to automate your appraisal production in order to significantly impact your bottom line.  A comp tracking software, such as our DataComp database, would certainly improve things, such as directly printing your comps into Word and your Excel adjustment grids.  The synergy is substantive, particularly if you have more than one staff appraiser.

I can't tell you how many brokers I've spoken to that have said, "I don't mind helping out appraisers, but I wish I wouldn't get so many phone calls about confirming the same sale from the same appraisal firm".  If they had a common, shared comp database like DataComp, this would not occur.

Don't believe those thoughts in your head that any implementation of a software solution, such as our report generating software called EDGE, reflects a total change on your part.  If you're busy, take a weekend to evaluate software solutions and identify who in your firm will take up the charge to implement and show others how to use the new software.  The following weekend, purchase and implement the solution, but give your folks a quarter (3 months) to phase it in.

Let's face it, you are either going to be busy or not so busy.  You shouldn't use both situations to avoid making a decision that could have a profound impact on your bottom line.
 
If you  have an appraisal "best practice" you would like to share, please forward to Sunda@realwired.comIf your best practice is selected, your name and company will be showcased.
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DataComp© Tip
Struggling with small issues or questions regarding your DataComp software?  Are you hesitant to call because your Tech Support contract is not current?  Don't drag your feet, go ahead and renew.  Tech Support is good for a year from the date of purchase.  That gives you plenty of time to get all of your questions answered and your annoying issues resolved.

Need to be walked through some of DataComp's newer features such as mapping or the custom tab?  We'll be happy to help you with that too.  Keeping Tech Support current enables you to pick up the phone at the moment that random question strikes or disaster hits your data.  Our professional and courteous staff is here to help you out. So pick up the phone and let us help you get the most out of your software.

Tech support can be renewed by calling 813-349-2700.  We look forward to hearing from you!
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Alive After Five  
Insights
Need help getting your Word templates setup for EDGE?  We can help.  Increase your billable hours by letting us do the work.  Our professional staff can take your existing report Word template and automate it for seamless use with the EDGE software.  We can keyword your existing restricted use, summary and self-contained reports so when you merge a report in Word, it will look exactly as they do today. 

In the process, your firm's data organization (regionals, neighborhoods, zoning descriptions, etc.) will be improved.  We'll be happy to provide helpful tips in order to help substantively increase your appraisal production.  Contact us at 813-349-2700 to get started.