System and method for coordinating real estate transactions through a global communications network

• US 20060106625A1
• Filed: 11/12/2004
• Published: 05/18/2006
• Est. Priority Date: 11/12/2004
• Status: Abandoned Application

• Current Assignee: Barry J. Brown
• Original Assignee: Barry J. Brown
• Inventors: Brown, Barry J.
• Application Number:
  US10/987,892
• Publication Number:
  US 20060106625A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 10/109 Time management, e.g. calendars, reminders, meetings or time accounting
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06Q 50/167 Closing

Abstract

A system and method to facilitate real estate transactions over a global communications network. The system includes a listings database to store information of real estate to be sold, a registration module to obtain qualifying information from a potential buyer, a system processing module to qualify a potential buyer to view specific real estate information stored on the listings database based on the qualifying information provided by the potential buyer and a seller'"'"'s predetermined criteria, and a display to display the real estate to the potential buyer. The system may further include a search module to search the listings database for real estate matching potential buyer preferences, a bidding module to allow the potential buyer to submit a real estate purchase proposal, a scheduler module to determine dates and times for the potential buyer to physically view chosen real estate, a system processing module to determine a most efficient route for viewing the chosen real estate with respect to visiting date and time and location of the chosen real estate, and a mapping module to provide directions to view the chosen real estate in the most efficient route.

Claims

1. A system to coordinate real estate transactions over a global communications network, the system comprising:

a listings database configured to store information of real estate to be sold;

a registration module configured to obtain qualifying information from a potential buyer;

a system processing module configured to qualify the potential buyer to view specific real estate information stored on the listings database based on the qualifying information provided by the potential buyer and a seller'"'"'s predetermined criteria; and

a display configured to display the real estate information that the potential buyer.

2. The system of claim 1, wherein the listings database stores real estate information selected from the group consisting of:

real estate location, real estate size, number of rooms, square footage, parcel size, number of baths/showers, basement, floors, appliances, size of garage, asking price, amenities, school district, and year built.

3. The system of claim 1, wherein the system processing module allows an unqualified potential buyer to view only limited real estate information for all real estate stored on the listings database, and allows a qualified potential buyer to view all real estate information for all real estate listings stored on the listings database.

4. The system of claim 3, wherein the system processing module prevents the potential buyer from viewing physical addresses and contact information of real estate listed on the listings database to which the potential buyer is not qualified to purchase.

5. The system of claim 1, wherein the system processing modules analyzes and matches the information obtained from the registration module and determines a level of real estate qualification.

6. The system of claim 5, wherein the information obtained from the registration module is proof of financial qualification, and wherein the proof of financial qualification is selected from the group consisting of:

a loan approval for a fixed amount, a qualification for a fixed amount, and a credit score.

7. The system of claim 1, further comprising a search module configured to search the listings database for real estate information matching potential buyer preferences.

8. The system of claim 1, further comprising a bidding module configured to allow the potential buyer to submit a real estate purchase proposal.

9. A system to coordinate real estate transactions over a global communications network, the system comprising:

a listings database configured to store information of real estate to be sold;

a display to display the information of the real estate to a potential buyer;

a scheduler module configured to determine dates and times for the potential buyer to physically view chosen real estate;

a system processing module configured to determine a route for viewing the chosen real estate with respect to visiting date and time and location of the chosen real estate; and

a mapping module configured to provide directions to view the chosen real estate.

10. The system of claim 9, wherein the scheduler module requires the potential buyer to choose a date and time to physically view the real estate from an available time slot.

11. The system of claim 10, wherein a seller of the chosen real estate receives confirmation of the date and time that the potential buyer will view the real estate.

12. The system of claim 9, wherein a seller programs the scheduler module with fixed viewing time slots, and wherein the potential buyer is allowed to view the real estate during any of the viewing time slots.

13. The system of claim 9, further comprising a bidding module configured to allow the potential buyer to submit a real estate purchase proposal.

14. The system of claim 9, further comprising a search module configured to search the listings database for real estate matching potential buyer preferences.

15. A system to coordinate real estate transactions over a global communications network, the system comprising:

a listings database configured to store information of real estate to be sold;

a display to display the information of the real estate to a potential buyer;

a scheduler module configured to schedule viewing dates with the potential buyer when the potential buyer indicates an interest in physically viewing a chosen real estate; and

a communications module configured to notify other interested potential buyers of the status of the chosen real estate.

16. The system according to claim 15, wherein the communications module notifies all potential buyers, who have indicated an interest in viewing the chosen real estate, when the chosen real estate sells.

17. The system according to claim 16, wherein the communications module distributes an electronic message to all potential buyers when the chosen real estate is sold, and instructs the potential buyers that all future planned viewings are cancelled.

18. The system of claim 15, further comprising a bidding module configured to allow a potential buyer to submit a real estate purchase proposal.

19. The system according to claim 18, wherein the communications module notifies all potential buyers who have indicated an interest in viewing the chosen real estate when a bid on the chosen real estate has been made and invites the potential buyers to also make a bid.

20. The system of claim 15, wherein the listings database stores real estate information selected from the group consisting of:

real estate location, real estate size, number of rooms, square footage, parcel size, number of baths/showers, basement, floors, appliances, size of garage, asking price, amenities, school district, and year built.

21. A method for coordinating real estate transactions over a global communications network, the system comprising:

providing a listings database configured to store information of real estate to be sold;

providing a registration module configured to obtain qualifying information from a potential buyer;

providing a system processing module configured to qualify the potential buyer to view specific real estate information stored on the listings database based on the qualifying information provided by the potential buyer and a seller'"'"'s predetermined criteria; and

if qualified, displaying the specific real estate information to the potential buyer.

22. The method of claim 21, further including the step of:

providing a search module to search the listings database for real estate matching potential buyer preferences; and

providing a bidding module configured to allow the potential buyer to submit a real estate purchase proposal.

23. The method of claim 21, further comprising the steps of:

providing a scheduler module configured to determine visiting dates and times for the potential buyer to physically view chosen real estate;

providing a system processing module configured to determine a most efficient route for viewing the chosen real estate with respect to visiting date and time and location of the chosen real estate; and

providing a mapping module configured to provide directions to view the chosen real estate in the most efficient route.

24. The method of claim 23, further comprising the step of providing a communications module configured to notify interested potential buyers of the status of the chosen real estate.

25. The method of claim 24, wherein the communications module notifies all potential buyers who have indicated an interest in viewing the chosen real estate when the chosen real estate sells.

26. The method of claim 25, wherein the communications module distributes an electronic message to the potential buyers of the chosen real estate sale and instructs the potential buyers that all future planned viewings are cancelled.