Why Commercial Assessment Reporting System Is Important For Business Success:
Posted: Sep 16, 2020
Appraisal software helps professionals to understand extremely about the markets and property values much quicker than ever before.
Commercial real estate assessment report writing software allows you to fully streamline the appraisal process. It is connected to National data, which can automatically pre fill your appraisal forms with the property data, advanced AI algorithms which recommend comps and comparable maps so on. The software applications out there today help appraisers pull market data, analyze comps, and generate different types of customized reports.
What you can do with CARS
- 4 - minute commercial property evaluations;
- 40 - minute commercial narrative appraisals; and
- 1 - appraiser can complete 800+ appraisals in one year.
Commercial Assessment Reporting System (CARS) can reduce report prep time by 80%+, No third party data subscriptions are needed, data and comps are included within the applications.
The Best Features Of Commercial Real Estate Appraisal Software
The software applications out there today help appraisers pull market data, analyze comps, and generate different types of customized reports.
Below are the features of the Commercial Assessment Reporting on the market today.
- Template Customization
- Job tracking - Increased Efficiency
- Increased Efficiency
- Improved Client Management
- Cloud hosted data and processing, no software to install
Beneficiaries Of CARS:
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.
Broker complete evaluation to determine possible pricing. Assembles offering memorandum / package. Broker confirms comparable sales and rents, provides income analysis and projections. They share CARS files with multiple buyers / investors.
Buyer or owner looking to refinance, shares CARS file with Lender. Lender underwrites the historical performance of the commercial asset, and can evaluate the 12 month to 10 year proforma projections of that asset. Lender shares files with appraisers, analysts and loan committees.
Buyer / Investor engages tax consultant to manage future real estate tax liability. Tax Consultant accesses CARS and provides Uniform & Equal and Appraisal for tax protest purposes. Tax Consultant shares CARS files with the owner, who then sends CARS files to property manager, asset manager and portfolio manager.
Property Manager manages the current and proforma financial modeling of the commercial asset. He moves budgets to historical and adds new budget information as new bids for expenses / services are obtained. Property Manager shares CARS file with owner with shared ‘real-time’ updated access.
Portfolio Manager aggregates individual CARS files into a Discounted Cash Flow template aggregating all assets. He views portfolio performance through roll up of individual assets. Both income analysis and sales comparison analysis can be rolled up into the portfolio analysis. Portfolio Manager shares CARS ‘real-time’ values with shareholders and owners.
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!!!
Hi everybody, It’s Derick from Houston and am working as a freelance property tax consultant. I love reading and writing. Write to me @ email@example.com