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New - Grids, Grids, Grids To Use Grids or Not to Use Grids - That is the Question We have spoken to many appraisers over the years about comparison grids. A good many of these appraisers avoid the use of grids entirely in their commercial assignments. Often their justification is based upon the questionable usefulness of grids and whether comparison grids can really assist in developing the value for a complex commercial property. Though this may be true, we suspect that the underlying reason is the complexity involved in creatiing grids that can be effectively used as an analysis tool. Applying Comparison Analysis to Commercial Properties IS Different Each subject property is different and each assignment is different. The adjustments required for each analysis are different too. For some properties, percentage adjustments may be appropriate. For others, dollar amount adjustments work best. Finally, some properties can only be effectively compared using "qualitative" adjustments. To handle these various options in a spreadsheet program like MS Excel would require literally hundreds of "worksheets". It would not be impossible to do, but it would probably be impossible to organize and find these "worksheets" when they are needed. So, many appraisers just opt out and do not use comparison grids at all. One Grid Type Is Not Enough Of course, many appraisers do use comparison grids as part of their development of a value for a subject property. However, given the limitations mentioned above, these appraisers usually settle upon one standard grid type and modify it slightly to conform to a particular analysis. These appraisers also usually settle upon one presentation format - adjustments by percentage, dollar amount, or just qualitative. Although they justify their choice based upon the "best to use for a commercial property", we suspect that, just as for appraisers who do not use grids, the underlying reason is the complexity involved in creating grids that cover all of the possiblities. |
Sample Grid Types Sales Grid - Dollars Sales Grid - Percentage Sales Grid - Qualitative More Sample Grid Types Sales Grid - Dollars Sales Grid - Percentage Sales Grid - Qualitative Land Sales Grid Sales Grid - Dollars Sales Grid - Percentage Sales Grid - Qualitative Rent Grids Rent Grid - Dollars Rent Grid - Percentage User Interface  |
 There are over 600 more possibilities. Make the grids look just the way they must look to clearly explain any comparison analysis. This new functionality does not just paint a pretty picture. Now you really have true comparison analysis power at your fingertips. Reviewers like the grids too because your reasoning can be clearly explained right on the grid. |
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| Commercial Complete Has Addressed and Answered The Question "To Use
or Not To Use Grids" Commercial Complete will change the way that you look at comparison grids. Whether you are an appraiser that does not use grids now or one who uses only one basic grid type for all assignments, Commercial Complete's powerful Comparison Analysis capabilities will cause you to reconsider whether and how you use grids in your appraisal assignments. Click here to see the Comparison Analysis User Interface. More than 600 grid combinations are now available at your fingertips on a single screen. Adjust by percentage, by dollar amount, or use qualitative adjustments - just toggle a button. Adjust by square feet or acres - just toggle a button. Adjust by Sale Price, Cash Equivalent Price, Listing Price, Assessed Value, or Land Value - just toggle a button. Easily create Rent grids with adjustments by Base Rent or Effective Rent - just toggle a button. Make adjustments by Gross Building Area, Net Building Area or Rental Units - just toggle a button. The possibilities are almost endless and all right in front of you - just toggle a button.
Word Processing that Brings It All Together Comparison Analyses are fully and seamlessly integrated into the Commercial Complete narrative documents. The Datasheets for any Comparables Group can be inserted directly into a narrative. Comparables Group Grids can be inserted too. Reliable, Real Software Until now there has been no reliable way to automate the commercial appraisal process. Of course there are many individual tools that do assist. MS Office helps a lot with its word processing and spreadsheet modules. If you know how to create links and macros - better yet. A few appraisers have even done so well at assembling MS Office templates for their own office that they now sell the templates as a software product. Our hats go off to them. But frankly, MS Office is not up to this kind of a job. Too many components, updates, modifications, and work-arounds. Simply put - too complicated. A package of templates with links and macros is NOT the same as a real, standalone software product that is designed specifically to assist in every aspect of the appraisal process. There is just no comparison. |
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Commercial Complete is the REAL DEAL. It really will change the way that you work!  Click here for more information Call us at 800-884-1630 or email us at info@CommercialComplete.com |
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