Remember the days when appraisers were printing three or four copies of each report and then running to the one hour photo with a glue stick in one hand, envelope and stamps in the other ready to frantically paste the pictures into the report, run to the post office and send out the report before 5pm? 

It's a whole new world.  And this year we've gone paperless! 

I would love to take credit for our company going paperless but I must admit that I entered the paperless youprocess in my usual manner when it comes to change... with a bit of kicking and screaming. 

Our principal appraiser did the math and realized that the cost of paper and seven years worth of five appraiser's files that were now taking over his garage made it worth the up front investment of second monitors for all of the work stations. 

If you're an appraiser that would like to go paperless, here are some tools I suggest:

  • Free standing second monitor -  Tip it on its side if possible so you don't have to constantly scroll up and down reading legal size formatted paper as much.
  • SnagIt - Paperless appraisals would be rather difficult without this tool.  With it, you can capture any image on your screen and turn it into a jpeg or other image document. 
  • Adobe PDF Reader - You most likely already have this program and are quite familiar with it.  This is how I save all my comparable properties, land sales, etc.
  • eFax - It's about $16 per month, which still beats the cost of a fax line.  The only downfall I can think of is that unless you receive a fax from another eFax sender, there is no subject line other than the recipients fax number, so finding an old fax can be a bit hairy.
  • Scanner - You will need this to digitally archive your notes and sketches.... It's true the scanner is not dire if you have some of the cool gadgets out there.  I understand that I can purchase tools to rid myself of these last archaic artifacts (paper), but I do print out the appraisal request and take it with me on inspections and then draw the sketch on the backside of the request.  Ta-da... one less piece of paper to toss.
  • Back up system - Whether you back your work up on CD/DVDs or an offsite server, you will want to be certain do it more often (than I had in the past), especially if you have a lap top that travels with you to unknown destinations.
  • Appraisal software - Although I have a love/hate relationship with Al a mode's WinTotal appraisal software, the latest version, Aurora does have a nifty ‘Work File' where you can store your digital file research so that it's tied directly to it's corresponding appraisal report.

At the end of the day, it feels rewarding and clutter-free with very little stress that change sometimes brings.

Please add suggestions for paperless appraisals or any other paperless real estate ideas!

 

 

 
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22 Comments on Paperless Appraisals

APR
10
2008
131,442 Points 1 Featured Post Outside Blog

Sara:

very creative post. You make some excellent posts. Keep up the good work.

10:47pm • #1
I just completed an old school appraisal, the client dosen't have a fax or e-mail!!!! I had to go to the post office and mail him a copy of the report.
11:35pm • #2
APR
11
2008

here is a reprint of an article I wrote a few years ago...  

I am still using the Visioneer strobe XP-450 - it has paid for itself many times over...  

I am still using my Motion Tablet.  

I have added Carbonite (in real time) to my back-up routine as well as another external 500 GB HD.      

Paperless Office update - 10 years later...

I have been completely "paperless" since mid 1996. I currently use a Visioneer Strobe XP 450 scanner, a relatively small footprint sheet-fed scanner with a 50 sheet ADF. I have had it for about two years and am completely satisfied with it. The XP-450 is widely available under $600. Before the XP 450 I owned several Visioneer Strobe XP models (100 and 200), which are small and sheet fed but have no ADF capability (great if you are on a tight budget). The ADF capability is well worth the extra investment. My software choice is Paperport Professional V 11.0. V-11 is somewhat slower (to the first copy) than it's predecessors but is much better at converting from it's native .max format to pdf. Paperport has excellent file structure, image handling and form typing/filing capabilities as well as small archive file size, yet quite legible. (Older versions of Paperport are available inexpensively on eBay, etc)

I file everything by the appraisal file number, which I base upon the Julian date (print out free julian calendars here: http://tinyurl.com/fwcsk check: "Show day number of year (1-365/366) ("simple" julian day number" at the bottom). I scan field notes, surveys, contracts, leases, deeds, c of o's, permits & comparable printouts as well as anything else that I think might have some possible value or be required down the road. The appraisals, sketches, maps and photos are all stored and archived in their native [SFREP and JPG] formats. I also save the completed assignments (as delivered) as [.pdf].

Electronic copies are perfectly acceptable under USPAP - see the record keeping provision of the ethics rule.
I am very meticulous about my back-up routine, which is essentially all changed files daily on three alternating external hard drives (The prices of quality, hi capacity external hard drives have dropped drastically over the last few years). Two are Seagate desktop models (168gb and 279gb) the third is a portable 93gb Smartdisk Firelite. The 279gb and portable are kept in a firesafe when not in use. The portable is quite small and combined with my Motion Tablet (I have an M1300 with all the accessories is almost like having my office with me when on the road. In addition I have several flash drives - two Seagate 5gb are my favorites which I keep very important recent files, zoning maps etc. I have experimented with several on-line storage services but find them to be very slow/difficult to work with as well as expensive.

Problems with this set-up have been almost non-existent.

Going paperless has been one of the best choices I have ever made. While the cost savings might not be staggering, the space freed up by not having to keep all that paper is. The best result is in the efficiency of the system, it takes almost no time at all when integrated into the normal work flow. Mis-files are almost non-existent & even if one does occur, it can be found in seconds using the stellar search utilities now available such as Google Desktop. In the olden days, when we manually filed, we filled up huge rooms full of costly lateral files. Mis files were frequent, when I employed support staff, often hours or even days were spent searching for lost files, some of which were never found.

I would never consider going back to a paper storage system

5:54am • #3
109,908 Points 8 Featured Posts

Wow Kenneth... you leave me speechless! Anyway... it's about time! I love that my clients now leave the closing table with a cd instead of a huge mountain of paper. It's much easier to look through and find what you're looking for as well.

Enjoy the amazing weather today!! Miss ya! 

9:17am • #4
266,173 Points 59 Featured Posts Outside Blog
Hello Sarah - I love the fact that I get appraisals via email, so much more streamlined.  I get mine through Adobe as well.
9:50am • #5
APR
12
2008
3 Featured Posts

Alan - Thank you!

Michael - I remember reviewing appraisal from an appraiser with a license number that was in the double digits (indicating he had been an appraiser for an awfully long time).  The appraisal was typed and the pictures glued on... What I found most perplexing was that the appraiser had his finger in nearly every shot!  It sort of signafied his unwillingness to change (to me)... so much so that he refused to improve his photo skills.

Kenneth - Great information.  Thanks for adding!  You've beat the pants off of my archiving process.  I like your quote: "Going paperless has been one of the best choices I have ever made. While the cost savings might not be staggering, the space freed up by not having to keep all that paper is."  It is amazing how much space we have been saving is just a months time. 

Jennifer - I love that idea!  Even our 'zen Realtor' didn't offer that service - Is it just a scan of the signed paper work or a pdf of the unsigned paperwork?

Jason - Although Adobe can be a bit of a pill on my computer, I don't know what I would do without it!

10:57am • #6
APR
14
2008

Well maybe this will finally serve as inspiration to go paperless!  I have been debating it for a awhile, but still like having my files when I need them!  I am still a bit old school, and like having my paper trails!  Being a good organizer, I don't have paper "clutter," but it would save a bit! - altho, like Kenneth said not staggering!

 

11:36pm • #7
APR
15
2008

Jeremy,

Going paperless, along with multiple back-ups and the awesome search capability of google desktop have made me far more organized.

Plus I can even see my desk...

6:17am • #8
APR
17
2008
3 Featured Posts

Jeremy - So far I have found that it is entirely worth the effort.  There's not many excuses left for companies big or small not to take advantage of todays technologies.

Kenneth - I'm so glad you've been through this to so that you can add to the recommendations of products and procedures!

1:15pm • #9
APR
26
2008
Loved your post.  I have never heard of snag it.  I am going to try it.  It is so hard to be eco-friendly in our industry but I love the fact that you all are trying!!!!  I am too. 
12:38am • #10
3 Featured Posts
Thanks Dawn!  I see you are a newby that likes to post, too - Welcome!!!
1:07pm • #11
APR
28
2008

Hey, Sara,

I've been thinking about going paperless for some time now (if you could see my desk you'd know why) but not being an extremely organized person I am afraid I'd keep the paper and still do the Cd's just in case LOL...still, I should really look into this.

Thanks!

Alisa

11:51pm • #12
APR
29
2008
3 Featured Posts
Alisa - You should try it, it's 'fun'! :-)
10:59pm • #13
APR
30
2008
Great article and responses. I'm trying to head that way and need all the advice I can get.
10:31am • #14
3 Featured Posts
Gynell - It's great to see you found the group!  I find that it's refreshing to 'talk' to a group of appraisers.  Otherwise we tend to be an isolated bunch.
11:43am • #15
MAY
02
2008

So I read the suggestion about using snagit in a paperless appraisal office and I visited their website. I could see it being cool and handy but how practical and necessary is it for an appraisal office. Any insight and recommendation would be nice. Like how often do you use it, what do you use it for. Why can't you live without it etc.? Also which version do you recommend. I like user friendly, far from technical.

 
9:05am • #17

FWIW, I use snag-it at least a half dozen times a day for capturing online aerial photos  - to show view or external obsolescence, etc as well as capturing charts and graphs to include in reports and 101 other uses.

It's one of my most often utilized tools...

9:52am • #18
Residential and commercial, however I almost always include aerial photos in both and frequently include graphs and charts, etc. in support of market condition adjustments for both.
10:48am • #20

Aerial grab using snag-it

here is an example of an aerial photo for a report I am working on using Snag-it and MSN local live...

2:42pm • #21

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Sara Goodwin - Portland, Oregon Appraiser

Portland, OR

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Ashcroft & Associates

Cell Phone: (503) 943-9200

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