Tools > Marshall & Swift Cost Estimates
     
 

Marshall & Swift Cost Estimates

 
     

WinTOTAL now integrates directly with Marshall and Swift's online estimation product, SwiftEstimator™.  SwiftEstimator™ automates cost data searches, calculations and data entry on appraisal forms - letting you easily create a detailed Cost Approach without even having to pay an annual subscription fee for cost data.  For more information on SwiftEstimator™, click here. If you prefer to use the Marshall & Swift approach to cost estimates, you can take advantage of this integration via the Tools menu. To run a cost estimate…

  1. From anywhere in WinTOTAL, click Tools, Launch SwiftEstimator™.

    SwiftEstimator
  2. In the screen that appears, a summary of the data from your report that you wish to submit to Marshall & Swift appears along with a statement of your total remaining cost estimates, the remaining number of days you have to recalculate an existing estimate for your report, and a choice of form to use for the final estimate.  First, verify that all required information (denoted with a red asterisk) has been filled out and fill in any remaining gaps.
         
      Note: Due to limitations in SwiftEstimator™’s integration tools, the square footage, client, and appraiser fields cannot be transferred into your Marshall & Swift Cost Estimate at this time.  
         
  3. Next, choose a type of estimate you wish to use.  Options are:
    • Cost Approach w/ Addenda – Runs a standard report and transfers the data to both the Cost Approach section of your major form and into a special cost approach addendum created by WinTOTAL.
    • Cost Approach Only – Runs a standard report and transfers the data into the Cost Approach section of your major form only.
    • Marshall & Swift 1007 LGL – Runs your cost estimate and inserts the resulting 1007 into your report as a legal sized form.  Keep in mind that when you select this option, the cost estimate is NOT transferred into the cost approach section of your major form.
    • Marshall & Swift 1007 LTR – Runs your cost estimate and inserts the resulting 1007 into your report as a letter sized form. Keep in mind that when you select this option, the cost estimate is NOT transferred into the cost approach section of your major form.
           
        Note: Each of these options adds a copy of the cost estimate to the workfile automatically so that you can keep an original copy around as required by USPAP.  If a revision to your estimate is required later, the SwiftEstimator™ integration again copies the update to your workfile with a time and date stamp so you can track and verify the history of the report.  
           
  4. Finally, click Launch SwiftEstimator™ to begin your cost estimate through Marshall & Swift’s online tool.
         
      Note: You must have available cost estimates in your a la mode account in order to launch the SwiftEstimator™.  If this screen indicates that you have no available cost estimates, click Purchase More to buy the necessary number of cost estimates before proceeding.  
         
  5. When the SwiftEstimator™ appears, fill out the required property details for your cost estimate.  For additional information or assistance using the SwiftEstimator™, click the Help link in the upper right corner of the screen.
  6. Since Marshall & Swift currently limits the automatic upload of data from your report to basic subject address information, a Data Lookup sidebar appears on the left with information from your report.  To copy this information into our Windows clipboard so you can paste it into SwiftEstimator™, click the Copy link beside the desired information.  Then, just paste it in as you would anything else.
  7. When the details of your Cost Estimate are complete, you arrive at the Reports/Calc section of the SwiftEstimator™.  A brief overview of your data is supplied.  Review the data you see and make any adjustments to the data before proceeding.
  8. When you’re satisfied with your data, click Calculate to determine your cost estimate.
         
      Note:  One cost estimate is deducted from your account when you click Calculate. If you determine that adjustments must be made to your cost estimate, you have 7 full days after your first cost estimate is generated (when you first click Calculate) to recalculate your cost estimate free of charge.  As you continue to work with the cost estimate, WinTOTAL displays the number of days you have left to recalculate. After 7 days, another cost estimate is deducted from your account when you attempt to recalculate.  
         
  9. When the calculation is complete, the results appear in the same window, but you can always see the entire report (whether Standard or a 1007) by clicking Preview.
  10. If you need to make any adjustments to your cost estimate, you can do so now or you can return at a later time (before the end of your 7 day grace period).  To recalculate your cost estimate, simply launch the SwiftEstimator™ tool in WinTOTAL, make any necessary changes, return to the Reports/Calc step of the SwiftEstimator™, and click Calculate again.
  11. When you are satisfied with your cost estimate, click Transfer to WinTOTAL to move the estimate into WinTOTAL.

    SwiftEstimator
  12. When you return to WinTOTAL, you may be prompted about adding the new data to your report.  If you receive a prompt, click Yes to confirm that you want to add the new cost estimate to your report.

Your cost estimate is immediately added to your report.



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