No. 1 Selling Comp
Database Software
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Are You Current?
DataComp Version 6 is now available. Please contact 813.221.0703 or Sarah for further details. |
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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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YouConnect© is a web-based Appraisal and Vendor Management solution enabling institutions to automate and steamline this part of their business, while satisfying federal and state examination and auditing requirements.
For more information, please visit our website, call 813.349.2700, or email Sunda. |
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For more information;
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EDGE/DataComp
Bundle Pricing!
Save up to 30%
Contact Adam or call 813.349.2700. |
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Additional Services Available
Too busy to create your own Custom Templates?
We're here to help.
We now offer services to create your Custom Templates for use with our appraisal writing software, EDGE.
Interested? Please contact Sarah Razai at 813.221.0703. She will be happy to help. |
For more information on RealWired!© Products and Services, please visit our website, call 813.349.2700, or email Sunda. | |
APPRAISAL BEST PRACTICES
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. |
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"There's No Traffic Jam on the Extra Mile"
I love this quote since
it applies to running and to appraising. I find in sports, particularly
as some of us mosey into our "golden" years, that few people are
willing to maintain a workout regimen. We do not get too old to play, we
get old because we stop playing.
In appraising it is easy to be on chronic autopilot. Cranking out
appraisals like Mrs. Paul's fish sticks can sometimes numb the business
professionalism. We are all guilty of it some time or another.
Just like training for a particular sport, it's all about the basics.
You've heard the following before, but it's always a good refresher:
Do not stop networking because you are busy. Continue to improve your internal office systems. Purchase and implement software solutions to increase
appraisal production. Define appraisal production goals, then track and monitor
your appraisers' production. Return phone calls and emails promptly. Communicate with your client quickly if an appraisal
issue arises.
We
are all working harder and in many instances for lower fees. Whining is
for the weak. Working hard and implementing change when needed is for the
strong. As Paul Harvey once quipped, "In times like these, it helps
to recall that there have always been times like these".
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 Windows 7
Are you currently a Windows 7 user or planning to be? If so, you will need to upgrade to our latest DataComp Version 6. |
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DataComp© Tip
DataComp
Classifying your comparables by property type is very
important. For improved properties, we recommend you use the general
property type field for general classifications such as Retail, Office,
Industrial, etc. Use the specific property type field to delineate
important property specific characteristics.
For example, it is important to delineate different types of industrial
properties. You may have specific property types including R&D/flex,
distribution, office/warehouse, manufacturing and cold storage. Another
example would be for hotels segmented by market classification, budget/economy,
mid-market/mid-price, upscale, all-suite, extended stay, resorts and casinos to
name a few.
For vacant land you might want to differentiate between commercial sales and
outparcel sales. Another useful classification for vacant land sales
would include land (or ground) leases.
After all, you spend a lot of time confirming your comps. Don't you want
everyone in your office to be able to access the data quickly?
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Your DataComp Data is Important! Traditional back up programs may not be saving your data. Ensure that your data is safe by using the DataComp backup function. Instructions can be found here. |
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Storing PDF's to DataComp
I t's come to our attention that some of our users would like the ability to store PDF's in DataComp. Currently, this is not an available feature. If you would like to see it added, please email Adam. If the demand is there, we'll look into adding as a feature. |
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Insights
EDGE and DataComp
Appraisers are getting
more and more requests to provide "insurable value". While
technically appraisers provide replacement cost new estimates, creating a
template can expedite these reports.
One of our customers created a replacement cost new report in EDGE (our
commercial report writing application) by simply making some quick edits using
an existing Restricted Use appraisal template. Since the EDGE keywords
were already in the template, it was easy (about 15 minutes) to delete the
extraneous data resulting in an appropriate format for the consulting
assignment.
The appraiser was able to "crank out" this replacement cost report
very quickly. The next time the opportunity arises, the template is
complete and ready to go. Moreover, the template serves to provide office
consistency in report product.
Find out other ways how EDGE can increase your commercial appraisal
production today. Generally speaking, the cost of EDGE is less
than one Summary report. So what are you waiting for? For more information on
the EDGE reporting writing software please call 813.349.2700.
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