Expanding Options: Incorporate Multiple Types of Values

Adding Multiple Values in a Report

Typically, appraisers conclude a single valuation in a report. However, certain situations call for more than one value. For instance, in a damage and loss claim appraisal report, an appraiser might need to determine the Replacement Value of a property before damage, the current Replacement Value of the damaged property, and the Replacement Value after restoration.

Another instance where multiple values are necessary is when an auction house specialist or an appraiser, acting as a sales advisor, provides low and high estimates along with a reserve price for properties that might be auctioned.

How to Use This Feature

Step 1: Go to "Appraisal Settings" and toggle on "Allow up to 3 Types of Value."

Appraisal Settings

Step 2: Go to "Definitions," click on "Type of Value," and then "+Create Type of Value."

How to add multiple types of value

Step 3: Go to a Property page to view the labeled valuation fields.

Low and high estimates and reserve

Step 4: Run the Property PDF to view.

Please give it a try and let us know what you think, especially concerning the PDF output.

Additional Updates

• Support for non-US currency symbols, including the Euro (€) and the British pound (£).

• The Collection Sort feature is now found under Collection Settings on the Collection page.

• Further enhancements to settings navigation are forthcoming.

  
  

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We'd love to hear your feedback after trying our latest improvements.

Why Multiple Values Matter

Understanding the importance of multiple values in appraisals can significantly enhance your reporting accuracy. This feature allows appraisers to provide a more comprehensive view of a property's worth.

When appraisers can present various values, they cater to different scenarios. For example, in insurance claims, knowing the pre-damage value versus the current value can help in negotiations. Similarly, auction scenarios benefit from having a range of values to guide potential buyers.

Conclusion

In conclusion, our latest feature allows for a more nuanced approach to appraisals. By enabling multiple values in reports, we aim to meet the diverse needs of our users. We encourage you to explore this feature and share your thoughts with us. Your feedback is invaluable as we continue to improve our services.

We appreciate your support and look forward to hearing from you!