Back in September 2019, I attended the IAAO Convention in Niagara Falls, Ontario. As a fee appraiser using commercial real estate software, it was my first IAAO convention. I walked away with a much better appreciation of the mass appraisal world. Further, in the commercial property tax appeal arena, I believe the fee side has a lot to learn from this group. They are in many respects, ahead of fee appraisers in the gathering and use of data.
Assessors and appraisers have been showing a real interest in the latest commercial real estate software. I spoke to several and this led me to attend the conference. Specifically, they want to know how it can help fulfill duties in preparing fair and accurate valuations during tax appeals. After attending, it was clear realquantum is an excellent solution for them. I found, assessors need an easy and consistent way to create and maintain a commercial real estate database. They need the ability to provide individual property reports. Realquantum does both.
Today, customers are using realquantum commercial real estate software in the creation of various studies for mass appraisal work. For example, one realquantum customer builds cap rate and benchmark studies segmented by property type and investment class. Then, the customer uses the reports in their valuation models. Bonus!
Once you have accurate, complete data at your fingertips, what remains is the fun part!
Ready to see how you can be more successful and efficient? realquantum was created by appraisers, for fee appraisers and tax assessors. It saves them time and make them money. Sign up for a demo today.
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