Property rating and ranking system and method
First Claim
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1. A property rating system comprising:
- A. a set of data systems comprising listings of real properties for sale, wherein each listing includes a set of parameters, said parameters including an address, a property type, and a list price;
B. a property valuation system configured to generate a property valuation for a subject property, as a function of said parameters; and
C. a rating module, hosted on a computer device having access to said set of data systems and said property valuation system, said rating module including;
1) a user interface configured to accept a client'"'"'s input of a set of candidate property criteria;
2) a valuation manager configured to query said set of data systems for a list of candidate properties having parameters substantially satisfying said candidate property criteria and to query said property valuation system for a property valuation for each candidate property; and
3) a rating manager configured to rate each candidate property as a function of a set of rating criteria, wherein said rating criteria include a rating criterion related to a comparison of said list price to said property valuation for a candidate property.
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Abstract
A system and method is provided that includes a core property valuation system and one or more functional modules. Variously, the modules facilitate automatic adjustment of an equity line of credit, generation and management of an equity credit card, unsecured debt conversion to an equity loan, rapid closing of a conforming loan, automated PMI removal, property rating and/or ranking for buyers and sellers, evaluation and alerts, relocation alerts, relocation forecasting, property tradeoffs, and broker evaluations.
299 Citations
47 Claims
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1. A property rating system comprising:
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A. a set of data systems comprising listings of real properties for sale, wherein each listing includes a set of parameters, said parameters including an address, a property type, and a list price;
B. a property valuation system configured to generate a property valuation for a subject property, as a function of said parameters; and
C. a rating module, hosted on a computer device having access to said set of data systems and said property valuation system, said rating module including;
1) a user interface configured to accept a client'"'"'s input of a set of candidate property criteria;
2) a valuation manager configured to query said set of data systems for a list of candidate properties having parameters substantially satisfying said candidate property criteria and to query said property valuation system for a property valuation for each candidate property; and
3) a rating manager configured to rate each candidate property as a function of a set of rating criteria, wherein said rating criteria include a rating criterion related to a comparison of said list price to said property valuation for a candidate property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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17. A method of rating property comprising:
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A. inputting by a client a set of candidate property criteria to a rating system;
B. comprising a list of candidate properties, including;
1) querying a set of data systems comprising listings of real properties for sale, wherein each listing includes a set of parameters, said parameters including an address, a property type, and a list price; and
2) returning a list of candidate properties having parameters substantially satisfying said candidate property criteria; and
C. obtaining a property valuation for each candidate property from said list of candidate properties by querying a property valuation system; and
D. rating each candidate property as a function of a set of rating criteria, wherein said rating criteria include a rating criterion related to a comparison of said list price to said property valuation for a candidate property.
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30. A real property rating and ranking system comprising:
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A. a set of data systems comprising listings of real properties for sale, wherein each listing includes a set of parameters, said parameters including an address, a property type, and a list price;
B. a property valuation system configured to generate a property valuation for a subject property, as a function of said parameters;
C. a rating module, hosted on a computer device having access to said set of data systems and said property valuation system, said rating module including;
1) a user interface configured to accept a client'"'"'s input of a set of candidate property criteria;
2) a valuation manager configured to query said set of data systems for a list of candidate properties having parameters substantially satisfying said candidate property criteria and to query said property valuation system for a property valuation for each candidate property; and
3) a rating manager configured to rate each candidate property as a function of a set of rating criteria, wherein said rating criteria include a rating criterion related to a comparison of said list price to said property valuation for a candidate property; and
D. a ranking manager configured to rank each of said rated candidate properties as a function of a set of ranking criteria. - View Dependent Claims (31, 32, 33, 34, 36, 37, 39, 40, 41, 42, 43, 44, 45, 46, 47)
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35. A method of rating and ranking real property, comprising:
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A. inputting by a client a set of candidate property criteria into a rating and ranking system;
B. comprising a list of candidate properties, including;
1) querying a set of data systems comprising listings of real properties for sale, wherein each listing includes a set of parameters, said parameters including an address, a property type, and a list price; and
2) returning a list of candidate properties having parameters substantially satisfying said candidate property criteria; and
C. obtaining a property valuation for each candidate property from said list of candidate properties by querying a property valuation system;
D. rating each candidate property as a function of a set of rating criteria, wherein said rating criteria include a rating criterion related to a comparison of said list price to said property valuation for a candidate property; and
E. ranking said rated candidate properties as a function of a set of ranking criteria.
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38. A ranking system comprising:
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A. a set of data systems comprising listings of real properties for sale, wherein each listing includes a set of parameters, said parameters including an address, a property type, and a list price;
B. a property valuation system configured to generate a property valuation for a subject property, as a function of said parameters;
C. a rating module, hosted on a computer device having access to said set of data systems and said property valuation system, said rating module including;
1) a user interface configured to accept a client'"'"'s input of a set of candidate property criteria;
2) a valuation manager configured to query said set of data systems for a list of candidate properties having parameters substantially satisfying said candidate property criteria and to query said property valuation system for a property valuation for each candidate property; and
3) a ranking manager configured to rank each of said candidate properties as a function of a set of ranking criteria, wherein said ranking criteria include a ranking criterion related to a comparison of said list price to said property valuation for a candidate property.
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Specification