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What Do You Need to Prepare a Commercial Appraisal?
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The Old-fashioned Way
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- Word Processing Program
- Spreadsheet Program
- Database Program
- Image Editing Program
- Mapping Program
- Income Analysis Program
- Linking Program to merge data
- A program to capture images
- A program to reduce the size of your images
- A program to scan documents
- A program to create a PDF
- $$$$ to purchase all of these programs
- Annual $$$$ for Updates to these programs
- Intimate Understanding of these programs
- A System to Coordinate these programs
- A Lot of Training
- A Lot of Paper
- A Lot of Patience
- A Lot of Time
- A Lot of Support
- Maybe a Prayer? Will it work this time?
- If something goes wrong, who do you call?
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The MODERN WAY
Learn More about Commercial Complete
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Who Uses our Software
Real Estate Appraisers
Financial Institutions
Real Estate Investors
Property Assessors
Property Owners
Review Appraisers
Real Estate Agents
Developers
CPA's
Investment Counselors
Insurance Companies
Corporations
Pension Funds
REIT's
Business Valuators |
What our clients have to say.Learn more
Why our clients say what they do
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EASY TO USE
Complete help screens for each field and an excellent integrated help system.
But the user interfaces are so smooth and self-explanatory that help screens
and manual are almost redundant. If you know real estate you will know
how to use our products. We have reduced the data entry requirements and
complicated formulas needed to complete an income analysis to their essence.
Mathematicians call it an elegant solution - a simple, intuitive method
to solve a complex problem.
Most of our users just call it SLICK.
SPEED WHERE IT COUNTS
Today's computers are so fast that calculating numbers is immediate. What
is most important, though, is how fast you get your work done. In 15 minutes
with our income analysis tool you can get the Value, print letter quality
reports, modify the numbers, print again; and do it again. Really! Our
real estate analysis software makes the complicated tasks easy. Prorating
leases, calculating expense stops and leasing commissions. It won't take
you two hours or two days to do an income analysis and more hours to format
and print the reports.
REMEMBER: Time is money.
SUPERIOR TO OTHER INCOME ANALYSIS SOFTWARE, THE 12C, AND ANY SPREADSHEET
Spreadsheets dramatically changed the way we work
and what our clients expect of us. The 12C gave us raw calculating power. However, both are hard to master. Both
require constant use to maintain proficiency. Neither provides much in the way of printing capabilities. Neither
provides internal checks that verify your calculations. Our products are generations ahead -- the difference between
a Model T and a Boeing 747. Other income analysis software focuses on the data, not the analysis. Data is certainly
important; but values based upon that data are only as good as the analysis methods applied. A simple discounting
of net income is insufficient and possibly incorrect.
When it comes to Income Analysis, there
is no comparison.
DISCOUNTED CASH FLOW ANALYSIS
Discounting cash flows to present value is a widely accepted
method of determining the value of an Investment Property. Once the cash flows are determined, it is relatively
easy to do the calculations. The difficulty is in the detail. If you use a spreadsheet or complicated lease by
lease program, it is difficult to enter and later verify income, expense, closing costs, etc. You will not be sure
that you have the correct cash flows or value. And you will not be able to explain your results.
Our products simplify data entry and
produce concise reports.
RELIABLY ACCURATE
Computers are great number crunchers. We take all of our calculations out six places. But that is not the critical
measure of accuracy. Our products use three methods to check the numbers: an advanced derivative of the Ellwood
method; calculation of the IRR; and calculation of the Net Present Value. Ever wondered if your calculations were
correct, or if the right number was used in year 4? Worry no more.
Three independent checks. Like three
experts re-calculating the numbers. That
is accuracy. The way it should be done.
JUST PRESS PRINT
Getting accurate numbers quickly and easily is not enough. The results must be documented. You cannot do that with
a 12C. Spreadsheets never seem to print correctly without adjustment. And because each analysis is different, you
make a lot of adjustments. Our superb reports can be inserted directly into a narrative appraisal or filed to clearly
document your calculations. No adjustments each time you print; no re-typing; no fooling around.
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Who uses our software
Our products are used by clients in all fifty states and several foreign
countries. Members of all major appraisal organizations use our products.
So do assessors, review appraisers, government agencies (federal, state
and local), financial institutions, CPAs, insurance companies, real estate
agents, developers and investors.
They use our real estate analysis software to value commercial property;
to appraise it, to assess it, to measure its performance. The use our real
estate analysis software because it is easy to use, it is comprehensive,
it develops values using 3 distinct and proven mathematical techniques,
and it provides thorough documentation and professional quality reports.
Listed below are the typical users of Investment Analyst.
REAL ESTATE ANALYSIS SOFTWARE IS DESIGNED FOR:
Real Estate Appraisers
Real Estate Appraisers use our products to
develop and document values in the Income
Approach; to extract yield rates from comparable
income properties; to study the effects of
market influences like interest rates, growth
rates and required IRR's; and to quickly
evaluate values before actually committing
to an assignment. They especially like the
ease of use and flexibility. It takes much
less time to perform a complete analysis
- and time is money.
Financial Institutions
Our real estate analysis software provides useful tools for many of the financial institution's departments. In-house real estate appraisers use it to prepare quality appraisal reports. Reports take less time to prepare. The product's ease of use and understandable reporting introduce consistency into the appraisal department. It becomes easier to train new real estate appraisers. Review appraisers become more productive and better prepared to evaluate the work of others. Easily verify the calculation of capitalization rates, yield rates, and cash flow projections. Loan underwriters perform preliminary analyses quickly, before spending their client's funds unnecessarily. Loans that do not require an outside real estate appraisal can still be evaluated and documented professionally, again saving the client money. Branch staff can perform preliminary evaluations and provide intelligent consultation to bank customers.
Real Estate Investors
Look at the income of dozens of properties in a short time with this tool. Our products will evaluate any property from a small apartment conversion to a 200 unit luxury complex to a strip shopping center. Don't waste your time with unstructured spreadsheets that may contain bad cell references and inaccurate formulas. Use the same tool that professional real estate appraisers use. And when you approach the bank for financing, you will be prepared with accurate and impressive documentation to support your request.
Property Assessors
Property Assessors are constantly under pressure
from property owners who can hire high priced
professionals to challenge their conclusions.
Property Assessors like the supporting documentation
that makes it less likely that they will
be challenged. We have heard from assessors
who actually let the property owners enter
the data into our products, convincing owners
of the validity of the Property Assessor's
estimate of value. Our products can be used
to develop the caprate using a load factor for real estate taxes, a court requirement
in many jurisdictions and an accepted method
for Property Assessors.
Property Owners
Did you ever wonder what your commercial
real estate is worth? How do the new rentals
effect your borrowing ability? Need to document
the value of your commercial real estate
for property assessment, financing or estate
purposes? Our products make these jobs easy
and interesting. See how mortgage interest
rates effect the value of your holdings.
Learn why properties in a growing area are
worth more. Determine what rentals you have
to charge in order to get the yield that
you want. Intelligently establish the asking
price of your holdings. Don't sell your properties
short.
Review Appraisers
Review appraisers need to evaluate the reasonableness
of a real estate appraiser's value, based
upon the assumptions that the appraiser has
made. When reviewing the Income Approach,
the review appraiser often has to reconstruct
the calculations in order to evaluate them.
Numbers buried in a DCF analysis are very
difficult to reconcile and document. Easily
verify the calculation of capitalization
rates, yield rates, and cash flow projections
with our DCF software.
Real Estate Agents
Listing and selling commercial real estate
is a different animal. It is important to
use a tool that will help you to properly
evaluate the income. Our products will provide
the assistance that you need to list the
property right. And the supporting documentation
makes it much easier to make a strong presentation
to potential buyers. On the other hand, if
you are representing a buyer, our products
will assist you in efficiently screening
out listings that do not meet your client's
requirements. And, as you know, financing
is a key to making the deal. You can use
our products to prepare impressive supporting
documentation that will make the loan process
faster and more likely to succeed.
Real Estate Developers
Rules of thumb are usually reliable, but a strong
analysis of income and expenses is better. What rentals do you really need to get to make the project work? What
kind of yield, both cash on cash and overall, will you really get? Is the cash flow sufficient to adequately cover
the mortgage payments? What difference will it make if you can shave a quarter point off the mortgage interest
rate? Our products are designed to answer all of the questions above, easily and quickly.
CPA's, Investment Counselors
Your clients look to you for accurate, timely
advice on a variety of investment alternatives. It may be a real estate investment, or a business venture, or a
question about refinancing. You may be requested to update the values in your client's portfolio on a periodic
basis. Whatever the request, our products provide you with a tool that can be used equally well for simple or complicated
investments cost effectively. You will save time on each analysis and offer better service to your clients at fees
they find acceptable.
Insurance Companies, Corporations, Pension Funds, REIT's
Income Analysis can be expensive. Skilled
analysts require extensive training in the
proper methods. DCF Software can help, but
if you are using a program that requires
complicated data entry and is not intuitive,
the software is counter-productive. The alternative
of developing custom spreadsheets doesn't
help either. They are difficult to use and
prone to invalid methods and incorrect formulas.
Our products will give you a tool that is
easy to use, has a shallow learning curve,
and yet will perform the most complicated
analyses quickly. The supporting documentation
is consistent and easily reviewed and understood
by others. What-if analysis is simple, so
your analysts will not spend hours or days
revising an analysis. Whether you are re-valuing
assets, looking at acquisitions or planning
future investment strategies, our products
are cost effective, reliable, accurate and
consistent.
Business Valuation
The analysis of income producing real estate
has been the focus of our products for more than a decade. This is the dominant theme of our literature, the market
that we try to inform, and the area where our staff is particularly skilled. However, the concepts and software
are equally applicable to the valuation of any
income producing property. Capitalization
theory spans all disciplines that involve the evaluation of cash flows that extend into the future. IRR, capitalization
rates, and the concept of present value are universally applied.
Our software products allow completely flexible data
entry, allowing you to define income and expenses, cash flow variability and input assumptions. Therefore, our
products can be used effectively to value income streams produced by real estate, businesses, or any other source.
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