Property rating and ranking system and method

• US 20070067180A1
• Filed: 11/14/2006
• Published: 03/22/2007
• Est. Priority Date: 09/19/2005
• Status: Abandoned Application

• Current Assignee: Property Ratings Pty., Ltd.
• Original Assignee: Property Ratings Pty., Ltd.
• Inventors: James, Ian, James, Malcolm
• Application Number:
  US11/598,946
• Publication Number:
  US 20070067180A1
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

The present invention relates to the field of property or real estate. In one form, the invention relates to the rating of property. In another form, the present invention relates to the ranking of property based on various inputs into the system and method of the present invention. The rating and/or ranking is determined in accordance with a numerical value.

Claims

1. A method of calculating a property rating attributable to a property, the method comprising the steps of:

determining assessment criteria for use in the rating

attributing a first numerical value to at least a portion of the assessment criteria,

providing a second numerical value to the at least a portion of assessment criteria, and

determining the rating according to the second numerical value.

2. A method as claimed in claim 1, wherein the first value is a maximum value attributable to the assessment criteria.

3. A method as claimed in claim 2, wherein the first value is a set value attributable to at least one assessment criteria.

4. A method as claimed in claim 2, wherein the first value is a user definable value attributable to at least one assessment criteria.

5. A method as claimed in claim 1, wherein the second value is less than or equal to the first value.

6. A method as claimed in claim 1, wherein the second value is attributed as a response to a question.

7. A method as claimed in claim 1, wherein the step of determination has a selected bias.

8. A method as claimed in claim 7, wherein the bias is user selectable.

9. A method as claimed in claim 1, wherein the assessment criteria comprises any one or any combination of:

property characteristics

your needs

money value

10. A method as claimed in claim 1, wherein the assessment criteria comprises objective criteria.

11. A method as claimed in claim 1, wherein the assessment criteria comprises subjective criteria.

13. A method as claimed in claim 12, wherein at least one rating is calculated according to the method as claimed in claim 1.

25. An application as claimed in claim 24, wherein at least one rating is calculated according to the method as claimed in claim 1.

34. A rating as claimed in claim 32, being determined in accordance with the method as claimed in claim 1.

35. Apparatus adapted to rate a property, said apparatus including:

processor means adapted to operate in accordance with a predetermined instruction set,

said apparatus, in conjunction with said instruction set, being adapted to perform the method as claimed in claim 1.

36. A computer program product including:

a computer usable medium having computer readable program code and computer readable system code embodied on said medium for operating in conjunction with a data processing system, said computer program product including;

computer readable code within said computer usable medium for enabling operation of a method as claimed in claim 1.

12. A method of a ranking a plurality of properties, the method comprising the steps of:

calculating a first rating corresponding to a first property,

calculating a second rating corresponding to at least a second property,

correlating the first and second ratings based on a numerical value.

14. A method as claimed in claim 12, wherein the correlation is provided in a visual and/or indicia format.

15. An application adapted to determine a property rating, the application comprising:

first selection means adapted to enable a determination of assessment criteria for use in the rating,

second selection means adapted to attribute a first numerical value to at least a portion of the assessment criteria,

logic means adapted to record a second numerical value corresponding to the at least a portion of assessment criteria, and to determine the rating according to the second numerical value.

16. An application as claimed in claim 15, wherein the first value is a maximum value attributable to the assessment criteria.

17. An application as claimed in claim 15, wherein the second value is less than or equal to the first value.

18. An application as claimed in claim 15, wherein the second value is attributed as a response to a question.

19. An application as claimed in claim 15, wherein the determination has a selected bias.

20. An application as claimed in claim 19, wherein the bias is user selectable.

21. An application as claimed in claim 15, wherein the assessment criteria comprises any one or any combination of:

property characteristics

your needs

money value

22. An application as claimed in claim 15, wherein the assessment criteria comprises objective criteria.

23. An application as claimed in claim 15, wherein the assessment criteria comprises subjective criteria.

27. An application as claimed in claim 15 or 24 being assessable via the internet.

28. An application as claimed in claim 15 or 24 being enabled via a web site.

29. A system adapted to provide a property rating, the system including an application as claimed in claim 15 or 24.

30. A system as claimed in claim 29, wherein the application is accessed via the Internet.

31. A system as claimed in claim 29, further comprising a database adapted to provide assessment criteria.

24. An application adapted to provide a ranking a plurality of properties, the application comprising:

enabling a first rating to be calculated corresponding to a first property,

enabling a second rating to be calculated corresponding to at least a second property,

correlating the first and second ratings based on a numerical value.

26. An application as claimed in claim 24, wherein the correlation is provided in a visual and/or indicia format.

32. A rating attributable to a property, the rating comprising a numerical value based on user input.

33. A rating as claimed in claim 32, wherein the user input is in response to assessment criteria.