Connected device-based property evaluation

• US 10,311,511 B2
• Filed: 09/14/2016
• Issued: 06/04/2019
• Est. Priority Date: 09/14/2015
• Status: Active Grant

• Current Assignee: Toronto-Dominion Bank
• Original Assignee: Toronto-Dominion Bank
• Inventors: D'Souza, Roy, Fritz, Roisin Lara, Barnett, Jonathan K., Chan, Paul Mon-Wah, Lee, John Jong-Suk, Del Vecchio, Orin
• Primary Examiner(s): Fleischer, Mark A
• Application Number:
  US15/265,270
• Publication Number:
  US 20170076408A1
• Time in Patent Office: 993 Days
• CPC Class Codes: G06Q 10/109 Time management, e.g. calendars, reminders, meetings or time accounting
• CPC Class Codes: G06Q 10/20 Administration of product repair or maintenance
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 50/08 Construction
• CPC Class Codes: G06Q 50/163 Real estate management

Abstract

The present disclosure involves systems and computer implemented methods for performing a connected device-based property evaluation. In one example, operations include identifying a property associated with an initial price and collecting information about the property by receiving information from one or more connected devices associated with the property. The one or more connected devices can each have a sensor for monitoring a condition within the property, and can providing information about the condition to the connected device, where the information is associated with a current status of the identified property. At least one action to be performed at the property based on the collected information is determined, with each action corresponding to an element at the property. An aggregate set of cost information associated with each determined action is determined and combined with the initial price to determine a modified purchase price. The modified price is then presented.

Claims

1. A system comprising:

at least one processor interoperably coupled with a memory;

the memory configured to store instructions for execution by the at least one processor, wherein the instructions instruct the at least one processor to;

identify a property to be associated with an interactive walkthrough presentation, the identified property associated with an initial price and a set of property-specific information stored in a property database storing property-specific information for a plurality of properties, the set of property-specific information associated with the identified property identifying one or more connected devices located at the property, each of the connected devices having a sensor to monitor a condition at a particular location within the identified property;

automatically, in response to identifying the property, collect information from the property database and the set of property-specific information associated with the one or more connected devices associated with the identified property, wherein each of the one or more connected devices provide information about the corresponding monitored condition, the information about the corresponding monitored condition associated with a current status of the identified property at the particular location monitored by the connected device;

automatically determine at least one action to be performed at the property based on the collected information and at least one of the monitored conditions, each of the at least one determined actions corresponding to an element at a corresponding location within the property;

determine a set of cost information corresponding to each of the at least one determined actions;

determine an aggregate cost of the determined cost information associated with each of the at least one determined actions;

combine the initial price of the property with the aggregate cost of the determined cost information to determine a modified price;

generate the interactive walkthrough presentation of the identified property based on the at least one determined action and the corresponding set of determined cost information for each of the at least one determined actions, wherein the interactive walkthrough presentation associates each determined action and corresponding set of determined cost information to the corresponding locations within the property; and

present, via a user interface, the modified price during a presentation of the interactive walkthrough presentation, wherein presenting the modified price includes;

determining, during the presentation of the interactive walkthrough presentation, a current location within the property associated with the presentation of the interactive walkthrough presentation;

identifying one or more determined actions associated with current location within the property; and

presenting information associated with the one or more determined actions associated with the current location within the property, each of the one or more determined actions associated with the cost information corresponding to the particular determined action.

2. The system of claim 1, wherein monitoring conditions at particular locations within the identified property includes monitoring operations of one or more particular devices at particular locations within the identified property.

3. The system of claim 2, wherein monitoring operations of the one or more particular devices at particular locations includes performing an end-of-life analysis to determine a remaining life span of the one or more particular devices.

4. The system of claim 3, wherein determining at least one action to be performed at the property based on the collected information includes, in response to determining that the remaining life span of the one or more particular devices is less than a threshold amount, determining that an action corresponding to the one or more particular devices is required.

5. The system of claim 4, wherein the determined action corresponding to the one or more particular devices is repairing or replacing the one or more particular devices.

6. The system of claim 1, wherein monitoring conditions at particular locations within the identified property includes monitoring environmental conditions at the particular locations, and wherein monitoring environmental conditions at particular locations includes identifying at least one environmental condition outside a threshold condition.

7. The system of claim 6, wherein determining at least one action to be performed at the property based on the collected information includes, in response to determining that the at least one environmental condition at the particular locations is outside a threshold condition, determining that an action corresponding to the one or more connected devices is required, and wherein the determined action corresponding to the one or more particular locations is performing a repair or renovation of the identified property at the corresponding particular location.

8. The system of claim 1, wherein the generated interactive walkthrough presentation is generated for an augmented reality presentation presented during a physical walkthrough of the identified property, and wherein presenting the modified price comprises:

presenting the interactive walkthrough presentation of the identified property to a potential purchaser during a physical walkthrough of the identified property, wherein the determined actions and corresponding set of determined cost information are presented to the potential purchaser in an augmented reality presentation in response to the potential purchaser during the physical walkthrough of the identified property.

9. The system of claim 1, wherein the generated interactive walkthrough presentation is generated for a virtual reality presentation presented during a virtual walkthrough of the identified property, and wherein presenting the modified price comprises:

presenting the interactive walkthrough presentation of the identified property to a potential purchaser during a virtual walkthrough of the identified property, wherein the determined actions and corresponding set of determined cost information are presented to the potential purchaser in a virtual reality presentation in response to the potential purchaser during the virtual walkthrough of the identified property.

10. The system of claim 1, wherein the modified price is a modified purchase price, wherein the instructions instruct the at least one processor to:

provide the modified purchase price to a lender associated with a potential purchaser in response to generating the interactive walkthrough presentation;

receive an indication from the lender indicating whether the potential purchaser is approved for funding based on the provided modified purchase price, wherein the indication whether the potential purchaser is approved for funding based on the modified purchase price is based on an calculated estimated appraisal of the identified property after the at least one determined action is performed; and

present the indication to the potential purchaser during the interactive walkthrough.

11. The system of claim 1, wherein identifying the property includes identifying at least one potential purchaser-specified renovation, and wherein the determining the at least one action to be performed at the property includes determining at least one action associated with the at least one potential purchaser-specified renovation, and wherein the at least one potential purchaser-specified renovation is received during the interactive walkthrough.

12. The system of claim 1, wherein presenting the modified price during the presentation of the interactive walkthrough presentation further includes:

determining an updated current location within the property associated with the presentation of the interactive walkthrough presentation;

identifying, based on the determined at least one action to be performed, one or more determined actions associated with updated current location within the property; and

presenting information associated with the one or more determined actions associated with the updated current location within the property, each of the one or more determined actions associated with the cost information corresponding to the particular determined action.

13. The system of claim 12, wherein presenting the modified price during the presentation of the interactive walkthrough presentation includes:

determining completion of the presentation of the interactive walkthrough presentation; and

in response to determining completion of the presentation of the interactive walkthrough presentation, presenting an overall summary of the modified price and the determined at least one actions to be performed.

14. A computerized method performed by one or more processors, the method comprising:

identifying a property to be associated with an interactive walkthrough presentation, the identified property associated with an initial price and a set of property-specific information stored in a property database storing property-specific information for a plurality of properties, the set of property-specific information associated with the identified property identifying one or more connected devices located at the property, each of the connected devices having a sensor to monitor a condition at a particular location within the identified property;

automatically, in response to identifying the property, collecting information from the property database and the set of property-specific information associated with the one or more connected devices associated with the identified property, wherein each of the one or more connected devices provide information about the corresponding monitored condition, the information about the corresponding monitored condition associated with a current status of the identified property at the particular location monitored by the connected device;

automatically determining at least one action to be performed at the property based on the collected information and at least one of the monitored conditions, each of the at least one determined actions corresponding to an element at a corresponding location within the property;

determining a set of cost information corresponding to each of the at least one determined actions;

determining an aggregate cost of the determined cost information associated with each of the at least one determined actions;

combining the initial price of the property with the aggregate cost of the determined cost information to determine a modified price;

generate the interactive walkthrough presentation of the identified property based on the at least one determined action and the corresponding set of determined cost information for each of the at least one determined actions, wherein the interactive walkthrough presentation associates each determined action and corresponding set of determined cost information to the corresponding locations within the property; and

presenting, via a user interface, the modified price during a presentation of the interactive walkthrough presentation, wherein presenting the modified price includes;

determining, during the presentation of the interactive walkthrough presentation, a current location within the property associated with the presentation of the interactive walkthrough presentation;

identifying one or more determined actions associated with current location within the property; and

presenting information associated with the one or more determined actions associated with the current location within the property, each of the one or more determined actions associated with the cost information corresponding to the particular determined action.

15. The method of claim 14, wherein monitoring operations of the one or more particular devices at particular locations includes performing an end-of-life analysis to determine a remaining life span of the one or more particular devices, and wherein determining at least one action to be performed at the property based on the collected information includes, in response to determining that the remaining life span of the one or more particular devices is less than a threshold amount, determining that an action corresponding to the one or more particular devices is required, wherein the determined action is one of repairing or replacing the one or more particular devices.

16. The method of claim 14, wherein monitoring conditions at particular locations within the identified property includes monitoring environmental conditions at the particular locations, and wherein monitoring environmental conditions at particular locations includes identifying at least one environmental condition outside a threshold condition, wherein determining at least one action to be performed at the property based on the collected information includes, in response to determining that the at least one environmental condition at the particular locations is outside a threshold condition, determining that an action corresponding to the one or more connected devices is required, and wherein the determined action corresponding to the one or more particular locations is performing a repair or renovation of the identified property at the corresponding particular location.

17. The method of claim 14, wherein the generated interactive walkthrough presentation is generated for an augmented reality presentation, the interactive walkthrough presentation based on the at least one determined action and the corresponding set of determined cost information for each of the at least one determined action, wherein the interactive walkthrough presentation associates each determined action and corresponding set of determined cost information to the corresponding location within the property;

and

presenting the interactive walkthrough presentation of the identified property to a potential purchaser during a physical walkthrough of the identified property via an augmented reality device, wherein the determined actions and corresponding set of determined cost information are presented to the potential purchaser in an augmented reality presentation in response to the potential purchaser reaching the corresponding locations within the property during the physical walkthrough of the identified property.

18. A non-transitory, computer-readable medium storing computer-readable instructions executable by a computer, wherein the computer-readable instructions instruct the computer to:

identify a property to be associated with an interactive walkthrough presentation, the identified property associated with an initial price and a set of property-specific information stored in a property database storing property-specific information for a plurality of properties, the set of property-specific information associated with the identified property identifying one or more connected devices located at the property, each of the connected devices having a sensor to monitor a condition at a particular location within the identified property;

automatically, in response to identifying the property, collect information from the property database and the set of property-specific information associated with the one or more connected devices associated with the identified property, wherein each of the one or more connected devices provide information about the corresponding monitored condition, the information about the corresponding monitored condition associated with a current status of the identified property at the particular location monitored by the connected device;

automatically determine at least one action to be performed at the property based on the collected information and at least one of the monitored conditions, each of the at least one determined actions corresponding to an element at a corresponding location within the property;

determine a set of cost information corresponding to each of the at least one determined actions;

determine an aggregate cost of the determined cost information associated with each of the at least one determined actions;

combine the initial price of the property with the aggregate cost of the determined cost information to determine a modified price;

generate the interactive walkthrough presentation of the identified property based on the at least one determined action and the corresponding set of determined cost information for each of the at least one determined actions, wherein the interactive walkthrough presentation associates each determined action and corresponding set of determined cost information to the corresponding locations within the property; and

present, via a user interface, the modified price during a presentation of the interactive walkthrough presentation, wherein presenting the modified price includes;

determining, during the presentation of the interactive walkthrough presentation, a current location within the property associated with the presentation of the interactive walkthrough presentation;

identifying one or more determined actions associated with current location within the property; and

presenting information associated with the one or more determined actions associated with the current location within the property, each of the one or more determined actions associated with the cost information corresponding to the particular determined action.

19. The medium of claim 18, wherein monitoring operations of the one or more particular devices at particular locations includes performing an end-of-life analysis to determine a remaining life span of the one or more particular devices, and wherein determining at least one action to be performed at the property based on the collected information includes, in response to determining that the remaining life span of the one or more particular devices is less than a threshold amount, determining that an action corresponding to the one or more particular devices is required, wherein the determined action is one of repairing or replacing the one or more particular devices.