Real estate investment report gererator

• US 20070150292A1
• Filed: 06/06/2005
• Published: 06/28/2007
• Est. Priority Date: 06/06/2005
• Status: Abandoned Application

• Current Assignee: James Nichols
• Original Assignee: James Nichols
• Inventors: Nichols, James
• Application Number:
  US11/145,364
• Publication Number:
  US 20070150292A1
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06Q 30/0278 Product appraisal
• 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
• CPC Class Codes: G06Q 90/00 Systems or methods specially adapted for administrative, commercial, financial, managerial or supervisory purposes, not involving significant data processing

Abstract

A method for generating a report of real estate property information on a set of properties, including pricing and property characteristics, maps, driving directions, driving times, automatically generated lists and map plots of comparable properties (“comps”) sold recently in the area along with their property characteristics, equity analysis, loan amortization and potential cash flow analysis at various possible offer levels and interest rates and at various different rehab cost levels and various possible rent levels, average area rent and other census data, and the resulting hardware/software system for generating and displaying or printing such reports. When potential purchasers have the ability to find value more quickly, possibly within hours of new time-sensitive data being released, they have an advantage in a competitive and fast-moving market.

Claims

1. A method for generating and system for generating and printing reports of real estate property information on a set of properties, with reports containing for each property:

property address

driving directions between each property

list or table of automatically selected nearby comparable properties that have recently sold and optionally, their details

maps of area surrounding each property, optionally with locations of comparables plotted optional equity analysis based on average sales price of nearby comparables optional loan payments, possible offer levels, possible rehab levels, and cash flow analysis,

optional aerial or satellite photos of area

whereby with this improvement over the prior art, investors, homebuyers, and realtors can use this report to more efficiently drive around and review a large number of real properties in a shorter amount of time than by a conventional approach and have needed information and analysis useful to immediately make a large number of offers or listings more safely and quickly in a very competitive real estate market.