Brenda Dohring 
 
November 18, 2010 
 Volume 6 - Newsletter 14 
Streamlining the Business of Commercial Real Estate for Appraisers
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In This Issue
DataComp Tip
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Backup Your DataComp Data
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Holiday Package
HAPPY HOLIDAYS


RealWired's Gift to You

We work with and talk to appraisers everyday across the country and it's clear that times are still tough for many. For the first time in our fifteen year history we would like to offer a special discount on DataComp and EDGE so that a greater number of you can become more efficient and therefore ride out these time a bit better.
 
We are offering this now so that you can start 2011 off and running.  Not to mention, you will be able to write off before the end of the year is up. Contact Adam at 813.349.2700 by December 3, 2010.

 
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No. 1 Selling Comp
Database Software
DataComp Live Demo
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DataComp
Are You Current?
DataComp Version 6 is now available.  Please contact 813.221.0703 or  Sarah for further details.
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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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YouConnect Product Page 
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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EDGE  
 
For more information;
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 EDGE
Additional Services Available
Too busy to create your own Custom TemplatesWe'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.
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For more information on RealWired!© Products and Services, please visit our website, call 813.349.2700, or email Sunda.
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Quick Links
APPRAISAL BEST PRACTICES
by Jeff Hicks, PresidentJeff Hicks
The Dohring Group/realwired!


LARGE PEPPERONI PIE
I have a favorite pizza place nearby my house that I love to go to.  Two old Italian, somewhat cranky but funny, guys run the business.  They take orders the "old-school" way...scribble on a piece of paper then yell the order out to their sons.  

They did not seem particularly motivated by money or working a lot.  However, they have two younger sons that wanted to take the business up a few notches.  Prior to this change, the pace of restaurant was low-key with good pizza pie and  somewhat slow, but steady service.

Now they provide take-out service, in-restaurant service and catering.  They have hired lots of new employees to take on the new business.  After a little bit of marketing, they are super busy.  However, they remain firmly grounded in the old systems.  It is painful to watch.  Customers getting irate waiting for their large pepperoni pies and lasagna, while the phone is ringing off the hook and people yelling orders from the back kitchen to the front counter.  The service in the restaurant is spotty at best.  All the while, the two older Italian guys are running around working feverishly.


As I was waiting an hour for my "to go" pizza, I  could not help but make the comparison with appraisal firms that still have the same systems  as when they opened their doors.  Some still do manual dictation transcribed by a secretary.  Others still refer to paper files when looking for comps or market information.  Other appraisal firms feel like they moved forward with some electronic organization.

The bottom line is this - the commercial appraisal market is so competitive that a truly effective appraiser needs to compensate with software and applications that help automate the process.  If you think this does not apply to you, please think again.  Some appraisers I have talked to feel that their appraisers are independent consultants in which they will not implement any new ideas.  The appraisal firm owners (as well as the forward thinking appraisers) do not want to "rock the boat" by implementing change, even if it's for the benefit of higher appraisal production, more consistent report product and working less hours.

As in nature, the strongest don't survive...only those best suited for adaptability.  Invest in software that helps your appraisal ordering, workflow efficiency, comp management and report writing systems.  You don't want to be the two old Italian guys working at a crazy pace, not enjoying what they do and cranking up their stress.


If you  have an appraisal "best practice" you would like to share, please forward to Jeff.
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DataComp©Tip
Spell Check vs. Grammar Check
Many of you are familiar with the spell check feature in DataComp, however, you may not know that it doesn't check grammar.

The spell check feature in DataComp allows you to check your spelling by field, screen or record.  The results returned will only show misspelled words and replacement suggestions, not grammatical errors.

If grammar is a potential concern, ensure you are utilizing the Spelling & Grammar checking tool in the Word program
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You asked, we delivered...
DataComp now has PDF Functionality!


DataComp, Version 6 is now available with the ability to print attached PDF documents into your comparables. For those of you who currently have Version 6, please click here for instructions.

Contact Adam at 813-349-2700 for more information on this exciting new feature!

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EDGE
Getting Organized with EDGE...
Taking the time to setup an organized folder structure for your EDGE documentation can go a long way towards maximizing your efficiency.  For suggestions, click here.
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Windows 7
Windows LogoAre 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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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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Frustrated Businessman
Tech Support Current?
How confident are you in an in-house appraiser fixing your SQL database?

Unfortunately, computers and servers are not as reliable as we would like, so keep your Tech Support current in case the unfortunate happens.
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Past Newsletters
If you've missed our prior Newsletters, you can view them here.