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October 29, 2014

           Volume 16 - Number 43

      
Streamlining the Business of Commercial Real Estate
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YouConnect© is a Web-based Appraisal and Vendor Management solution enabling financial institutions to automate and streamline their process, while satisfying federal and state examination and auditing requirements.
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No. 1 Selling Comp
Database Software
 
DataComp© is the No. 1 In-house Commercial Comparable Management Software on the market today made by and for commercial real estate appraisers.
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New Edge 2011

 

EDGE© is a simple to use, but powerful report writing solution. A stand-alone application that integrates seamlessly with Word, Excel and DataComp©. 

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Manager© is our cloud-based commercial appraisal workflow application that can be accessed from any browser, Windows, Mac or cell phone. 

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DataComp and Edge
now available in the Cloud.


Hosted by Microsoft 

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For more information on RealWired! Products and Services, please:

 

Visit our website

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Check Out Our Sister Publication...
TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)

Brenda Dohring Hicks

 

Top of the Week to You! is designed to offer the inside scoop and latest of what's important in the world of technology as it relates to the commercial real estate industry.

Tackle the Myths


There's a reason that myths, as widely held but false beliefs or ideas, exist. They exist because we have to find a way to explain something. So we create a story. Myths have been around for as long as human history and they're always going to be with us. Most of the time they are either harmless or instructional, but when it comes to technology and its adoption level, myths have no real use. There are plenty of misconceptions when it comes to real estate technology and in particular, the successful adoption of new software and tools. Over the years, I've learned a lot about what's true and what's not and how to avoid falling victim to common misconceptions.

So here are the top three myths I can share with you.

Myth:  If you build it they will come.
Reality:  Better to rely on the proverb, "You can lead a horse to water, but you can't make him drink" - unless of course you make the drink really enticing. It's the same with new systems and technologies. You have to have strong leadership, good training and ongoing helpful support. Few in your organization will adopt new technology if you and the leadership don't use it. And guess what? It matters not how old the leadership is. It's not okay to hide behind the "age card." You don't get a pass just because you didn't grow up with all this stuff.

Myth:  It's all or nothing.
Reality:  You aren't going to get perfection. Even the most basic software will have loads of features that you may or not use and if its processes you're trying to improve, do so gradually, knowing that some improvement beats no improvement at all. Don't look at the price you paid and feel cheated if all the features aren't used by your folks. Be happy with their initial level of comfort and move in a direction of greater usage over time. Share in meetings the various successes and helpful tidbits that people are finding.

Myth:  Smart people live by the adage "If it ain't broke, don't fix it."
Reality:  No they don't. They don't upgrade only when systems or software is broken. It's quite the opposite. They analyze regularly how broke is broke. I'm suggesting that if there's a better way to do something that will save time and money and create a better experience for you, your employees, clients or prospects then the way you're doing it now should be considered broke. If your bike or car gets a flat tire each night, you don't just keep pumping it up and driving. So why would you limp along with something?

Myths can be strong and long lasting, so don't kid yourself on how easy it will be to bust them like Adam Savage and Jamie Hyneman - the original MythBusters. Use a logical, systematic approach with a heavy dose of inspiration as part of the training and implementation to break down the myths. If you don't they can lead to big losses for you and nice opportunities for the innovative competitor who looks to challenge the status quo.

 

Come join our discussion on our blog, or I welcome your feedback through email.
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