METHOD AND APPARATUS FOR SEARCHING FOR REAL PROPERTY

• US 20080015890A1
• Filed: 09/28/2007
• Published: 01/17/2008
• Est. Priority Date: 09/28/2007
• Status: Abandoned Application

• Current Assignee: Krishna Malyala
• Original Assignee: Krishna Malyala
• Inventors: Malyala, Krishna
• Application Number:
  US11/863,706
• Publication Number:
  US 20080015890A1
• Time in Patent Office: Days
• US Class Current: 705/1
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

A method is provided including entering a user monthly affordable range for a user into an interactive device, searching on the internet through information concerning a plurality of required monthly cost amounts for a corresponding plurality of real properties, and displaying information concerning one or more real properties of the plurality of real properties. Each of the one or more displayed real properties may have a corresponding required monthly cost amount which is less than or approximately equal to the user monthly affordable amount.

Claims

1. A method comprising

entering a user monthly affordable amount for a user into an interactive device;

searching on the internet through information concerning a plurality of required monthly cost amounts for a corresponding plurality of real properties;

displaying information concerning one or more real properties of the plurality of real properties; and

wherein each of the one or more real properties have a corresponding required monthly cost amount which is less than or approximately equal to the user monthly affordable amount.

2. The method of claim 1 wherein

each of the plurality required monthly cost amounts include an amount for property tax for a corresponding real property.

3. The method of claim 1 wherein

each of the plurality of required monthly cost amounts include a commuting cost for the user from a location of a corresponding real property to a user work location.

4. The method of claim 3 wherein

the commuting cost is based on the type of car used by a user and a current price of gasoline.

5. The method of claim 3 wherein

the commuting cost includes a cost of public transportation.

6. The method of claim 3 wherein

the commuting cost includes parking costs.

7. The method of claim 3 wherein

each of the plurality of required monthly cost amounts includes heating and cooling costs for the corresponding real property.

8. The method of claim 3 wherein

each of the plurality of required monthly cost amounts includes landscaping maintenance costs for the corresponding real property.

9. The method of claim 3 wherein

each of the plurality of required monthly cost amounts includes garbage collection costs for the corresponding real property.

10. The method of claim 3 wherein

each of the plurality of required monthly cost amounts includes first mortgage costs for the corresponding real property.

11. The method of claim 3 wherein

each of the plurality of required monthly cost amounts includes second mortgage costs for the corresponding real property.

12. The method of claim 3 wherein

the commuting cost includes a cost for tolls.

13. The method of claim 3 wherein

the commuting cost includes a cost for road charges.

14. A method comprising

entering a user monthly affordable amount for a user into an interactive device;

searching on the internet through information concerning a plurality of required monthly cost amounts for a corresponding plurality of real properties;

displaying information concerning one or more real properties of the plurality of real properties; and

wherein each of the one or more real properties have a corresponding required monthly cost amount which is less than or approximately equal to the user monthly affordable amount

wherein each of the one or more real properties show a ratio of costs per month similar rentals to the monthly cost of the properties.

15. A method comprising

determining a total living cost for a real property;

determining an average monthly rental price for the real property;

dividing the average monthly rental price for the real property by the total living cost for the real property to determine a ratio; and

advising a user that it would be favorable to purchase the real property if the ratio is greater than one, and unfavorable to purchase the real property if the ratio is less than one.