Computerized systems for formation and update of databases
First Claim
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1. A storage medium containing a database of property related information that, when accessed by a computer, can enable a user to perform a number of property-related queries, the database comprising:
- records on a substantial portion of every residential property in a defined geographic region that is offered for sale, wherein each entry of the property database includes, an identifying field identifying a specific property, and an automated valuation field containing an AVM produced value of the identified property.
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Abstract
An apparatus for creating and maintaining a database containing information relating to residential properties includes an AVM device configured to receive information relating to residential properties, producing AVM values for each property and updating an AVM database with the AVM values.
60 Citations
37 Claims
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1. A storage medium containing a database of property related information that, when accessed by a computer, can enable a user to perform a number of property-related queries, the database comprising:
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records on a substantial portion of every residential property in a defined geographic region that is offered for sale, wherein each entry of the property database includes, an identifying field identifying a specific property, and an automated valuation field containing an AVM produced value of the identified property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. An apparatus for creating and maintaining a database containing information relating to residential properties, comprising:
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an AVM device configured to receive information relating to at least a majority of every known property within a defined geographical region that is currently offered for sale;
wherein the AVM device is configured to perform an AVM operation on each property to produce an AVM value for each property; and
wherein the AVM device is further configured to create an AVM database containing entries of a plurality of the AVM values. - View Dependent Claims (11, 12, 13, 14)
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15. An apparatus for creating and maintaining a database containing information relating to residential properties, comprising:
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an AVM device configured to receive information relating to a residential property offered for sale in a defined geographical region, the first property having a first offering price;
wherein the AVM device is configured to perform an AVM operation on the first property to produce a first AVM value for the first property;
wherein the AVM device is further configured to update the AVM database using the first AVM value; and
where the AVM database contains entries of a plurality of the AVM values relating to other properties within the geographical region. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. A storage medium containing sets of instructions that, when accessed by a computer, can enable a user to perform a number of property-related queries, the storage medium comprising:
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a first set of instructions for receiving records on substantially every residential property in a defined geographic region offered for sale; and
a second set of instructions for producing an AVM value for each property for which records are received. - View Dependent Claims (28, 29)
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30. A storage medium containing sets of instructions that, when accessed by a computer, can enable a user to perform a number of property-related queries, the storage medium comprising:
a first set of instructions for updating an AVM database, including updating a first AVM value for at least one residential property offered for sale in a defined geographic region. - View Dependent Claims (31, 32, 33, 34, 35, 36, 37)
Specification