Brenda Dohring 
 
February 21, 2013
 Volume 9 - Newsletter 4
Streamlining the Business of Commercial Real Estate 
DataComp Live Demo

No. 1 Selling Comp

Database Software

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EDGE LOGO 2011 

 

Commercial Appraisal Report

Generating Software

 

Learn more about the newest version of Edge today!

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Commercial Appraisal Workflow Application

 

Learn more today!

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Tech Tip
Trey Cavaliere Director of Customer Support

 

There is a new release of DataComp available for download on the RealWired website! The new release is version 6.3.36 and is compatible with any DataComp 6.X installation. You can go to http://www.realwired.com/support and find the Service Pack download along with the Installation Instructions and Release Notes.

 

If you have more questions or tech support needs, call Trey at
813-221-0703  or email  techsupport@realwired.com
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Past Newsletters
 
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Saab Story
Jeff Hicks
Jeff Hicks, MAI
President 
Dohring Group RealWired!

 

I love Saabs, always have.  Over Christmas with a glass of red wine in my hand, I eBay bid on a 1990 Saab 900 SPG...and surprisingly won.  I then had to get it delivered from its home in Brooklyn to my house in Florida.  I hired a driver, flew him to LaGuardia where he met the seller, completed the paperwork and then drove it to my house in Tampa.  Thankfully the car made the drive.  My wife currently has a 2011 Saab 95, the last model they made since they're now out of business.

 

So now my driveway strikingly exemplifies old and new technology.  I think both body styles are works of art.  Very different from one another but oddly attractive to me.  The 1990s technology can be a little expensive with repair bills, especially if you pressure clean the engine which I would not recommend.  The newer car, no mechanical issues yet.

 

So why did I buy a 23-year old car?  Maybe it's just being comfortable with what I know.  I used to have a Saab 900 when I started my appraisal career in 1987.  Admittedly, I don't like change.  However, the years have taught me that when I fight change too much, life has a way to "ding" you.  Maybe not initially but it will find you.  Seek opportunity, not security. A boat in harbor is safe, but in time its bottom will rot out.

 

Many in the commercial appraisal industry are still driving their "old cars", creating and delivering their appraisal product much the way they did in the late 1980s.  Nothing wrong with that.  However, I guarantee you are being outperformed by more progressive appraisers in your market.  These "newer" appraisers, some of which are fee appraisers that do not own the firm, recognize that tools such as report automation, voice dictation and job workflow software makes their jobs so much easier.  They adopt technology easily and don't fight it.  I am not talking about young wiper-snapper versus old school appraisers, since I know many of the latter group that on an ongoing basis, implement solutions that make them more efficient.

 

If you haven't already, I recommend you buy a new "car."  The kind of car that will allow you to:

  • Track appraisal bid volume and monitor pricing trends
  • Produce more consistent appraisal product in a shorter amount of time
  • Manage appraisal due dates
  • Monitor appraisal production volume for yourself and the office
  • Increase control and confidence of your appraisal report flow in your office

It's easy to get discouraged when you try and don't get expected results. Making the effort is, in fact, progress. Change is not an event with an exact start and stop point; it's a process.  Do not set unrealistic expectations.  Give yourself plenty of time to slowly implement new procedures and systems. 

 

In the end, you really get to keep an essence of your old Saab since it got you to the office (early in your career).  However your new car will allow you to safely drive long distances to your favorite vacation destinations.  Invest money, but more importantly, time for yourself - you're worth it.

 

If you would like to join a discussion about this topic or Appraisal Best Practices, go to our blog or contact Jeff Hicks.

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Buy a Bigger Boat

 

In an industry that promotes continuing education and technology, I find it interesting that so many are reluctant to take full advantage of the tools and the new technology that is available. Some of the benefits of using EDGE, our report writing software, are not having to reinvent the wheel with every new appraisal and having the confidence of knowing when you make a correction in one area of the appraisal it will carry over through your entire report.  An overwhelming number of our customers have told me that it has actually increased their productivity anywhere from 20 to 25 percent. 

 

I know that change is sometimes hard, but let me assure you that we make this whole process as painless as possible.   Once you have gone through implementation and training you will be able to maneuver and produce reports with ease.  We have a highly skilled trainer that will spend two hours of customizable, dedicated time teaching you how to use EDGE and best practices to increase your productivity with the product. 

 

So let me ask you...what would you do with an extra 25 percent at the end of the year? Maybe, buy a bigger boat! 

 

If you would like to discuss this further with Greg, contact him at 813-349-2700 or email him Greg@RealWired.com 

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