Discovery method for buyers, sellers of real estate

• US 20070043770A1
• Filed: 08/22/2006
• Published: 02/22/2007
• Est. Priority Date: 08/22/2005
• Status: Abandoned Application

• Current Assignee: Redfin Corporation
• Original Assignee: Redfin Corporation
• Inventors: Marsh, Brian, Goodrich, Paul, Selner, Bryan
• Application Number:
  US11/508,748
• Publication Number:
  US 20070043770A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06F 16/24578 using ranking
• CPC Class Codes: G06F 3/04817 using icons graphical or visual programming using iconic symbols G06F8/34
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0625 Directed, with specific intent or strategy
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06T 11/206 Drawing of charts or graphs

Abstract

Sellers can, anonymously to buyers if they choose, expose to potential buyers a property that is or may be for sale, with or without a sales price or listing agreement, with as little or as much description of their property as the sellers wish to provide. Potential buyers can identify the location and/or types of properties that they would be interested in purchasing, with as little or as much specificity as they wish, and, at their option, provide information about themselves, such as their financial ability to complete a purchase, to the extent they wish. The system allows sellers to gauge demand for their properties and, if desired, initiate contact with potential buyers who have expressed an interest in purchasing those types of properties. Similarly, the system allows buyers to identify properties that match their interests and, if desired, initiate contact with potential sellers.

Claims

1. A computer system, comprising:

a real estate owner database for storing property features of real estate owners;

a real estate buyer database for storing desired features of real estate buyers, the desired features including location; and

a discovery engine for matching the property features of a real estate owner and the desired features of real estate buyers, the property features including location, the computer system presenting to the real estate owner a ranking of the real estate buyers based on criteria selected by the real estate owner or by the computer system.

2. The computer system of claim 1, wherein a property described by the property features of the real estate seller is not listed in the Multiple Listing Service.

3. The computer system of claim 1, wherein the computer system is accessed through the Internet.

4. The computer system of claim 1, wherein the property features of the real estate seller lack a property price as specified by the real estate seller.

5. The computer system of claim 1, further comprising a set of ranked buyers stored in a computer-readable medium, the set of ranked buyers being ordered in accordance with their scores.

6. The computer system of claim 1, further comprising a set of ranked properties stored in a computer-readable medium, the set of ranked properties being ordered in accordance with their scores.

7. The computer system of claim 1, further comprising a user interface for presenting a graph with a first icon representing a weighted desirability of a property feature and a second icon representing a location at which a matched property matches, exceeds, or falls short of the weighted desirability of the property feature.

8. A computer-implemented method, comprising:

scoring buyers'"'"' desired features and a seller'"'"'s property features to produce scores;

revealing anonymously to buyers a real estate property of a seller without a price; and

informing the seller of a number of buyers whose scores exceed a threshold.

9. The computer-implemented method of claim 8, further comprising valuing the real estate property by comparing the real estate property with recent sales of other properties within a geographically defined area, pending sales of other properties within the geographically defined area, and listings of other properties within the geographically defined area.

10. The computer-implemented method of claim 8, further comprising obtaining pieces of information for buyers that negatively affect the real estate property within a specified radius, the pieces of information including crime statistics.

11. The computer-implemented method of claim 8, further comprising disclosing contact information of the number of buyers to the seller if the seller has electronically agreed to pay a subscription fee.

12. The computer-implemented method of claim 11, further comprising providing periodic updates of information pertaining to buyers who are interested in the real estate property.

13. The computer-implemented method of claim 12, further comprising selecting a level of engagement by the seller to engage the number of buyers, one level of engagement including setting a tentative price of the real estate property.

14. The computer-implemented method of claim 8, further comprising electronically negotiating some of the terms of a real estate purchase without divulging contact information of a buyer and the seller.

15. A computer-implemented method, comprising:

extracting intentions of buyers of real estate explicitly from specified parameters or implicitly from a search query;

displaying information about a property on a Web page, the Web page showing intention statistics regarding the property; and

gauging economic demand for the property by viewing the Web page and entering into a transaction by an owner of the property.

16. The computer-implemented method of claim 15, wherein the intention statistics are calculated using a number of saved searches that include the property.

17. The computer-implemented method of claim 15, wherein the intention statistics are calculated using a number of favorite lists that include the property.

18. The computer-implemented method of claim 15, wherein the intention statistics are calculated using a number of instantaneous searches that include the property.

19. The computer-implemented method of claim 15, wherein the intention statistics are calculated using a number of visitors to the Web page containing information about the property.

20. The computer-implemented method of claim 15, further comprising sending solicitations to buyers who are interested in the property.

21. The computer-implemented method of claim 15, further comprising using the intentions of buyers expressed in the search query in one private market as a level of potential interest for participating in another private market.

22. A computer-implemented method, comprising:

creating a biographical profile by buyers;

finding homes or blocks of homes that are of interest to buyers; and

sending solicitations to owners to allow the owners to discover purchase interest in their properties.

23. The computer-implemented method of claim 22, wherein the act of sending solicitations is by the buyers.

24. The computer-implemented method of claim 22, wherein the act of sending solicitations is on behalf of the buyers.

25. A computer-implemented method, comprising:

assessing a market based on query activity by buyers including saved searches and specified list of favorite properties; and

sending solicitations to buyers to inform them of the availability of properties for purchase.