Method and system for property valuation in an on-line computing environment
First Claim
1. A computer-implemented system for determining a valuation of a real estate property in an on-line computing environment, comprising:
- a distributed computer network comprising a property management services server, databases and client computers, each coupled to a computer network;
the property management services server hosting a valuation program module for calculating a valuation for a selected real estate property, the databases storing real estate property-related data, including property comparables data for multiple real estate properties, and the client computers operable by users to access the valuation program module operating on the property management services server and to input predetermined information about the selected real estate property in support of a valuation calculation for the selected real estate property, wherein, responsive to the predetermined information about the selected real estate property, the valuation program operating on the property management services server accesses the property data in at least one of the databases via the computer network to obtain comparables relevant to the selected real estate property, calculates the valuation for the selected real estate property, and presents the valuation and the comparables for the selected real estate property.
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Abstract
The present invention relates to providing on-line tools for property-related on-line calculations. A distributed computer network can enable a user to access multiple databases and to obtain comparables data related to a property of interest for use in calculations. A user can access the latest, broadest set of relevant property data and to select relevant comparable values quickly and with minimal manual intervention. An on-line property management environment can comprise a distributed computer network coupled to numerous client computers, a property services server platform connected to a local data base, and numerous property information databases. A valuation tool, lease improvement calculator, refinancing calculator, capitalization rate calculator, mortgage and amortization calculator, and an affordability calculator can enable a user to make multiple property-related on-line calculations.
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Citations
10 Claims
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1. A computer-implemented system for determining a valuation of a real estate property in an on-line computing environment, comprising:
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a distributed computer network comprising a property management services server, databases and client computers, each coupled to a computer network;
the property management services server hosting a valuation program module for calculating a valuation for a selected real estate property, the databases storing real estate property-related data, including property comparables data for multiple real estate properties, and the client computers operable by users to access the valuation program module operating on the property management services server and to input predetermined information about the selected real estate property in support of a valuation calculation for the selected real estate property, wherein, responsive to the predetermined information about the selected real estate property, the valuation program operating on the property management services server accesses the property data in at least one of the databases via the computer network to obtain comparables relevant to the selected real estate property, calculates the valuation for the selected real estate property, and presents the valuation and the comparables for the selected real estate property. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. An on-line method for calculating an estimate of the value of a property, comprising;
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entering property details into a program module operating on a server via a selected one of a plurality of clients in a distributed computing environment;
obtaining comparable data for the property by accessing databases accessible in the distributed computing environment;
entering capital expenses, mortgage details, and investment details for the property into the program module via one of the clients operating in the distributed computer environment determining a value for the property based on the property details, the comparable data, the capital expenses, the mortgage details, and the investment details; and
presenting a report indicating the value for the property. - View Dependent Claims (9, 10)
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Specification