Realquantum

RATING:

4.7

(22)

About Realquantum

Realquantum is productivity software for commercial real estate appraisers, tax assessors, commercial lenders and asset managers. It helps everyone eliminate tedious manual work and increase productivity. It is a property database, calculation engine, and report writer with critical integrations with other systems used by appraisers. The web-based software enables teams to collaborate in real-time.

Realquantum Pricing

Pricing is per user, per year. It includes storage of properties, assignments, and photos. Special discounts are available for bulk purchases and enterprises. Realquantum also offers professional services to ensure successful integrations and data migrations for companies embarking on digital transformation. Additional services are quoted separately. Please consult with the Realquantum sales team for more information.

Starting price: 

$1,800.00 per year

Free trial: 

Not Available

Free version: 

Not Available

Property Summary View
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Realquantum Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4.5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Realquantum

1 - 5 of 21 Reviews

User Profile

Christopher

Verified reviewer

Real Estate, 11-50 employees

Used weekly for less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed December 2021

The New Frontier in Commercial Appraisals

It's been excellent. They always make themselves available to help clients. The Customer Success Team truly cares about each customer and entounter,

PROS

As the Official Canadian Channel Partner of Realquantum, we researched the market for a tool that could be considered the industry leader. We found it in Realquantum - they're lightyears ahead of the competition.

CONS

The software can be a bit intimidating to start. There are so many amazing features that come with the tool that you may not intuitively see what the "next step" is.

Reason for choosing Realquantum

Power of the tool, cloud-based database that can be shared among an entire appraisal firm.

Vendor Response

Thanks, Chris. Realquantum is dedicated to making a great user experience and continuing to be the best choice for commercial appraisers across North America.

Replied December 2021

Brian

Real Estate, 11-50 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed December 2021

Next Generation Appraisal Report Writing Software

Real Quantum has increased my productivity and annual income by a significant margin over past years with other programs. In addition, my income has continued to increase in each year since I switched. The upgrades to the system over the past year or two have been a big factor in that increase.

PROS

The stability of the integrated database and report writing software far exceeds other products I'd used. I don't have to worry about refreshing or broken links between a web-based database and word processing and spreadsheet programs.

CONS

I'd like to see improvements to the way RQ handles lease data entry as well as how hotels are handled, particularly in the Income Approach.

Reasons for switching to Realquantum

Company decision based on the lack of customer service and concerns over the confidentiality of our data.

Vendor Response

Appreciate your business and your feedback Brian! Keep those new ideas coming.

Replied December 2021

Marcus

Real Estate, 2-10 employees

Used daily for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed December 2021

A good start, but needs to flush out some issues

The overall experience was a bit frustrating in the beginning and has improved. The support team (Kristie and Alisa) are responsive and competent and they are fortunate to have them as they are great to work with. I think they have a workable product that does save time, but has a few bugs and issues that could probably be solved with a greater investment in software personnel. They do update the software periodically and listen to and appreciate feedback.

PROS

I love the ability to incorporate things like cap rate comps and expense comps and the way the software is set up, any subject becomes an expense, cap rate and sale comp. The report creation is easy and the report generally flows well. For the most part, searching for data is easy and integrating sales and leases into reports is easy.

CONS

No auto save; if a property is labeled as one property type then all leases associated with the property (regardless of use) are also labeled that way even if they have a different use. Pasting images into documents makes them a bit blurry. In the cost approach, the only way to enter soft costs is as a percentage of hard costs. The sales summary grid only lists price per square foot even if you choose price per unit for the unit of comparison. Grayscale font is tough to read and any font copied in from another source is black and has to be changed. When entering leases, you cannot clone a lease and then change only the differences. I think they need to hire more people to work on the software side.

Reason for choosing Realquantum

Valbridge is too expensive. Real quantum seemed modern and at a fair price.

Reasons for switching to Realquantum

We wanted a better database for sales, leases and expenses, and a cloud based report writing software.

Vendor Response

Appreciate your business and the feedback, Marcus, both the positive and improvement areas. Your ideas were shared with our product team.

Replied December 2021

Anne

Real Estate, 2-10 employees

Used daily for less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed December 2021

Necessary software!

PROS

The software streamlines to appraisal process greatly. Production is up nearly two times as much since using this software. The database feature I find is one of the most beneficial parts. Being able to have one property for an assignment, sale comp, and lease comp is so helpful. Not having to write up sales and leases for every report is a dream.

CONS

Blank pages are a frequent issue in reports. I know this is due to the programmed margins the software uses. However, having to find places to add fields or take out information to get rid of the blank pages is time-consuming and tedious. I think that certain calculated fields and tables that are not able to be changed can be misleading as well.

Reasons for switching to Realquantum

Using microsoft word was time-consuming and allowed for simpler mistakes to be made.

Vendor Response

Thanks for choosing Realquantum and congrats on your AMAZING business growth since switching! Appreciate the feedback too, as we make our product even better.

Replied December 2021

George

Real Estate, 1 employee

Used daily for less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed December 2021

Appraiser of rq

RQ has allowed my business to increase substantially and the appraisal company to expand into different types of commercial real property.

PROS

RQ produces a good report in a logical and understandable way to the clients.

CONS

Nothing negative to note about RQ. Fine product.

Reason for choosing Realquantum

I was not familiar with RQ and decided to research the software further. I found RQ to be far superior to other software that I considered. I had developed my own narrative report which met state standards; however, RQ took my company to the next level and satisfied all clients. I highly recommend RQ to other appraisal companies that are searching for a new report format that assists and forces the user to produce a superior report. Thank you RQ!!

Vendor Response

George, thank you for your business. The Realquantum community of appraisers is committed to innovation and growing their businesses. Together, we are transforming the industry. Couldn't do it without you!

Replied December 2021