Commercial Real Estate Appraisal Software

By Author: Derick James
Total Articles: 100
Comment this article

The business of real estate involves a number of professional activities. One among these is appraisal. This is often the determination of the current market value of a particular asset. Appraisal is usually done before sale or when a property is about to be used as collateral. While this process was initially performed manually, today there are software tools which are specifically designed for appraisal purposes. By using real estate appraisal software, the process is performed quickly and more accurately. This leads to faster processing of property sales and purchases. As such, real estate appraisal software is highly valuable for contemporary real estate agents.

CARS:

CARS (Commercial Assessment Reporting System) is the most advanced commercial real estate assessment report writing software on the market that allows you to fully streamline the appraisal process. CARS is connected to National data, which can automatically pre fill your appraisal forms with the property data, advanced AI algorithms which recommend comps.

BENEFITS OF CARS:

Reduce the cost to generate commercial real estate valuations, ...
... including narrative appraisals, by 50 to 80%.

Reduce the time to complete narrative appraisals from one week to part of a day.

Increase the profit margin of your appraisal firm from 5 to 10% to 30% or higher.

USERS OF CARS:

Owner - Owner uses CARS periodically to update commercial values. Owner of a commercial asset looking to sell. Owner or their representative completes evaluation to determine possible pricing. They keep their property values updated real-time.

Buyer / Investor - Buyer / Investor shares modified CARS file with selling broker.

Appraiser - Appraiser uses CARS to complete appraisal or evaluation.

Analyst - Analysts can then quickly update valuations, with efficiencies and confidence.

ENGAGEMENT OF CARS:

Owner - Owner or their representative completes evaluation to determine possible pricing.

Buyer / Investor - Buyer / Investor modifies CARS for buyer’s specific underwriting criteria. Submits to broker modified CARS application as buyer / investor’s offer.

Appraiser - Appraiser completes appraisal in hours versus weeks.

Analyst - Analysts can then update property performance and analytics.

Reach us for a free Trial Subscription for Revolutionary Commercial Appraisal Software and Data to learn more about getting started in commercial real estate with no cash. Experience it today!!!