Commercial real estate appraisal is a complicated undertaking. There are, however, several software tools that streamline the appraisal process. In this article, we’ll take a look at four popular options.
CompStak
CompStak provides comparable data for the leases and sales of commercial properties. The information is sourced from appraisers and brokers and subsequently vetted by data scientists. The CompStak Exchange is a platform provided free of charge to independent fee appraisers and is intended to allow commercial real estate professionals to search and access commercial lease and sales comps, as well as property details.
Cherre
Cherre is a real estate analytics platform that connects various types of real estate data in order to improve the decision-making of interested actors in the real estate industry. It allows for the creation of reports and also enables benchmark monitoring and performance tracking. One of the great things about Cherre is how it connects and condenses data into a single point, thereby simplifying data analysis for actionable insights.
This means a company can connect all its internal data—both operational and financial—using Cherre Connections for easy access. Having data that is connected and integrated makes it easier to gain meaningful and clear insights.
Rockport VAL
Rockport VAL is a cloud-based cash flow modeling and valuation tool. The cloud-based nature of the tool improves workflow: It allows for access from any device, at any location with an internet connection. VAL, as the software is known, uses Amazon Web Services to ensure complete digital security.
The software uses an API architecture that allows for information from the platform to be used in other sources, such as third-party software.
The VAL software is intuitive and easy to use, which means that, even with limited knowledge of computers, staff can learn the software relatively easily. Built-in collaboration tools facilitate the ability to work on models simultaneously with peers.
Valcre
Valcre is an end-to-end solution for commercial real estate appraisers. The software assists with the analysis and reports writing process from start to finish. The automated features improve efficiency so that appraisers can spend more time on the core tasks of appraising and less time creating reports. Additionally, the cloud-based nature of the platform means that it’s accessible from anywhere, not just in the office.
The Valcre platform is made even more robust and useful by integrating with Rockport VAL so that users have seamless access to the VAL modeling and valuation tools from within Valcre. This means that Valcre clients can do cash flow modeling and integrate those calculations into their appraisal reports.
Valcre has also integrated the Cherre Graph QL API into its appraisal platform. This additional integration enables the streamlining of manual tasks such as property data collection. This is a significant enhancement and boon to Valcre’s users as Cherre is the world’s largest real estate knowledge graph.
These integrations allow Valcre to be incredibly useful to appraisers by streamlining, automating, and digitizing many processes that otherwise require time-consuming manual work.
Valcre offers an innovative appraisal platform that will help your team input valuable data and track clients and their appraisal assignments from anywhere. You’ll find improved efficiency in your ranks, as your staff can rely on Valcre for establishing your work-from-home team’s workflow. Request a free Valcre demo today.