Gagliano & Company and Technology
Appraisers are, by far, the most technical practitioners in the real estate world today. By necessity, we have been drawn into the digital world at a pace not seen by our colleagues. The appraisal process is one that lends itself to technology. And technology has paid significant dividends to those appraisers who have invested in it. These dividends are shared with the appraiser’s customers, in the form of shorter turn-around times and a much better final valuation report.
The appraisal process is nothing if not a data intensive process. Appraisers spend a lot of their time gathering both specific information about the subject property and general data about the local market and developing trends. Once again, technology has stepped in to help appraisers in the form of on-line Multiple Listing Services and data services such as RealQuest, CoStar, LoopNet and Marshall and Swift. More recently, various levels of government have made data gathering easier with on-line Census Tract and flood zone data, labor and demographic statistics on the federal and state levels, and tax assessment, deed, mortgage and property record data on the local level.
Report Development and Data Management
At Gagliano & Company we have made a significant investment in computers and technology. We have a state-of-the-art network and make extensive use of technology to assign tasks, set appointments and link all of our appraisers. We exclusively use digital photography, which, along with mapping software, provides crystal-clear graphics for our appraisal reports. We incorporate a wide variety of specialty software that helps us organize, analyze and deliver appraisal reports. We use A La Mode’s WinTotal software for residential appraisal reports and Apex Sketch software for building and site sketches. We use DataComp database software to organize our land sale, commercial sale and lease data, RealStat Multiple Regression Analysis software and Argus Discounted Cash Flow Analysis software to value complex income-producing properties.
These are just a few examples of how Gagliano & Company is improving our work product and the work flow to our customers. Investing in the right equipment, software and services allows us to deliver reports quicker, more efficiently and with a higher degree of accuracy.