SYSTEM FOR LOCATING AND LISTING RELEVANT REAL PROPERTIES FOR USERS

• US 20110087608A1
• Filed: 09/03/2010
• Published: 04/14/2011
• Est. Priority Date: 06/18/2008
• Status: Abandoned Application

• Current Assignee: Kerrigan Burgess, Tarun Shah
• Original Assignee: Kerrigan Burgess, Tarun Shah
• Inventors: Shah, Tarun, Burgess, Kerrigan
• Application Number:
  US12/876,044
• Publication Number:
  US 20110087608A1
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

A system and a computer program product for generating a list of real properties from real property listings receives a set of inherent parameters associated with a desired real property from a user. The system retrieves an intermediate list of real properties from the real property listings based on the set of inherent parameters. The system ranks each real property of the intermediate list of real properties based on a set of qualitative parameters associated with the each real property. The qualitative parameters may be provided by a user or may be provided by the system. Thereafter, the system generates a list of real properties from the intermediate list of properties based on the ranking of the each property of the intermediate list of properties. The system may generate the list after normalizing the data used to create the ranks of each property of the intermediate list of properties.

Claims

1. A system for generating a list of real properties from real property listings for a user, the system comprising:

a transceiver module capable of receiving a set of inherent parameters associated with a desired real property from the user;

a search engine capable of retrieving an intermediate list of real properties from the real property listings based on the set of inherent parameters received by the transceiver module;

a ranking module capable of ranking each real property of the intermediate list of real properties based on at least one qualitative parameter associated with the each real property; and

a generator module capable of generating the list of real properties from the intermediate list of real properties based on the ranking of the each real property by the ranking module.

2. The system of claim 1, wherein the transceiver module is further capable of receiving a preference of qualitative parameters of the qualitative parameters.

3. The system of claim 1, wherein the search engine is further capable of retrieving preferred qualitative parameters of the qualitative parameters for each real property of the intermediate list of real properties, the preferred qualitative parameters representative of the preference of qualitative parameters of the set of qualitative parameters.

4. The system of claim 1, wherein the ranking module comprises a preference engine capable of determining a weight of each real property of the intermediate list of real properties based on the preferred qualitative parameters retrieved by the search engine.

5. The system of claim 4, wherein the preference engine determines the weight of each real property of the intermediate list of real properties retrieved by the search engine by:

determining a qualitative weight of each qualitative parameter of the preferred qualitative parameters retrieved by the search engine for the each real property;

assigning a preference weight to the each qualitative parameter of the preferred qualitative parameters based on the preference of qualitative parameters received by the transceiver module; and

calculating the weight of the each real property based on the qualitative weight of the each qualitative parameter of the preferred qualitative parameters for the real property and the preference weight assigned to the each qualitative parameter of the preferred qualitative parameters.

6. The system of claim 4, wherein the ranking module is further capable of ranking the intermediate list of real properties based on the weight determined for each real property of the intermediate list of real properties by the preference engine.

7. The system of claim 4, wherein the ranking module further comprises a price evaluation module configured to

compare the set of qualitative parameters for each real property of the intermediate list of real properties with corresponding geography-specific set of qualitative parameters, the geography-specific set of qualitative parameters associated with a geographical territory of the each real property;

and

evaluate a perceived price for the each real property based on the comparison of the set of qualitative parameters with the corresponding geography-specific set of qualitative parameters.

8. The system of claim 7, wherein the price evaluation module is further configured to

determine an absorption rate of real properties in a geographical territory of each real property of the list of real properties;

determine a market type of real properties in the geographical territory of each real property based on the absorption rate; and

determine a true price for the each real property based on the perceived price of the each real property, absorption rate in the geographical territory of the each real property and the market type in the geographical territory of the each real property.

9. The system of claim 1, wherein the generator module is further capable of:

arranging the list of real properties in a descending order of the weight determined for the each real property by the preference engine; and

arranging the list of real properties based on at least one of the preferred qualitative parameters retrieved by the search engine.

10. The system of claim 1, wherein the ranking module comprises a price evaluation module configured to compare the set of qualitative parameters for the each real property of the intermediate list of real properties with corresponding geography-specific set of qualitative parameters, the geography-specific set of qualitative parameters associated with a geographical territory of the each real property;

and evaluate a perceived price for the each real property based on the comparison of the set of qualitative parameters with the corresponding geography-specific set of qualitative parameters.

11. The system of claim 1, wherein the ranking module is further capable of ranking each real property of the intermediate list of real properties based on a comparison of a list price of each real property of the intermediate list of real properties with the perceived price of the each real property.

12. A computer program product embodied on a computer readable medium, for generating a list of real properties from real property listings, the computer program product comprising a program module executable on a computer, and when executed, the program module comprising:

a set of instructions for receiving a set of inherent parameters associated with a desired real property from a user;

a set of instructions for retrieving an intermediate list of real properties from the real property listings based on the set of inherent parameters received from the user;

a set of instructions for ranking each real property of the intermediate list of real properties based on at least one qualitative parameter associated with the each real property;

and a set of instructions for generating the list of real properties from the intermediate list of real properties based on the ranking of the each real property.

13. The computer program product of claim 12, wherein the set of instructions for ranking each real property of the intermediate list of real properties comprises:

a set of instructions for receiving a preference of qualitative parameters of the qualitative parameters from the user;

a set of instructions for retrieving preferred qualitative parameters of the set of qualitative parameters for each real property of the intermediate list of real properties, the preferred qualitative parameters representative of the preference of qualitative parameters;

a set of instructions for determining a weight of each real property of the intermediate list of real properties based on the preferred qualitative parameters; and

a set of instructions for ranking the intermediate list of real properties based on the weight determined for each real property of the intermediate list of real properties.

14. The computer program product of claim 12, wherein the program module further comprises a set of instructions for determining a true price corresponding to each real property of the list of real properties, the set of instructions comprising.

a set of instructions for determining a perceived price of each real property of the list of real properties, wherein said instructions for determining a perceived price of real property comprise

a set of instructions for retrieving a geography-specific set of qualitative parameters for the each real property, the geography-specific set of qualitative parameters associated with the geographical territory of the each real property;

a set of instructions for retrieving the set of qualitative parameters for the each real property;

a set of instructions for comparing a qualitative parameter of the set of qualitative parameters for the each real property with a corresponding geography-specific qualitative parameter of the geography-specific set of qualitative parameters; and

a set of instructions for evaluating the perceived price of the each real property based on the comparison of the set of qualitative parameters for the each real property with the geography-specific set of qualitative parameters.

a set of instructions for determining an absorption rate of real properties in a geographical territory of the each real property;

a set of instructions for determining a market type of the geographical territory of the each real property based on the absorption rate; and

a set of instructions for computing the true price for the each real property based on the absorption rate in the geographical territory of the each real property, the market type of the geographical territory of the each real property and the perceived price of the each real property.

15. The computer program product of claim 12, wherein the set of instructions for determining the weight of each real property of the intermediate list of real properties comprises:

a set of instructions for determining a qualitative weight of each qualitative parameter of the preferred qualitative parameters for the each real property;

a set of instructions for assigning a preference weight to the each qualitative parameter of the preferred qualitative parameters based on the preference of qualitative parameters; and

a set of instructions for calculating the weight of the each real property based on the qualitative weight of the each qualitative parameter of the preferred qualitative parameters for the real property and the preference weight assigned to the each qualitative parameter of the preferred qualitative parameters.

16. The computer program product of claim 15, wherein the set of instructions for determining the qualitative weight of the each qualitative parameter for the each real property comprises:

a set of instructions for retrieving a geography-specific qualitative parameter corresponding to the each qualitative parameter, the geography-specific qualitative parameter restricted to a geographical territory of the each real property;

a set of instructions for comparing the each qualitative parameter with the corresponding geography-specific qualitative parameter retrieved; and

a set of instructions for computing the qualitative weight of the each qualitative parameter based on the comparison of the each qualitative weight with the corresponding geography-specific qualitative parameter.

17. The computer program product of claim 12, wherein the set of instructions for ranking each real property of the intermediate list of real properties comprises:

a set of instructions for determining a perceived price of the each real property based on the set of qualitative parameters and the set of inherent parameters, the set of instructions comprising

a set of instructions for retrieving a geography-specific set of qualitative parameters for the each real property, the geography-specific set of qualitative parameters associated with a geographical territory of the each real property;

a set of instructions for retrieving the set of qualitative parameters for the each real property;

a set of instructions for comparing a qualitative parameter of the set of qualitative parameters for the each real property with a corresponding geography-specific qualitative parameter of the geography-specific set of qualitative parameters; and

a set of instructions for evaluating the perceived price of the each real property based on the comparison of the set of qualitative parameters for the each real property with the geography-specific set of qualitative parameters

a set of instructions for comparing a list price of the each real property of the intermediate list of real properties with the perceived price of the each real property; and

a set of instructions for ranking the intermediate list of real properties based on the comparison of the list price and the perceived price of the each real property of the intermediate list of real properties.

18. The computer program product of claim 17, wherein the program module further comprises a set of instructions for determining the true price for the each real property, the set of instructions comprising:

a set of instructions for determining an absorption rate of real properties in a geographical territory of the each real property;

a set of instructions for determining a market type of the geographical territory of the each real property based on the absorption rate; and

a set of instructions for computing the true price for the each real property based on the absorption rate in the geographical territory of the each real property, the market type of the geographical territory of the each real property and the perceived price of the each real property.

19. A system for generating a ranked list of real properties from real property listings for a user, the system comprising

identifying relevant property attributes to use in ranking;

assigning weights to each of the said attributes,

generating attribute ratios between properties in a set and others in the same location,

ordering said ratios and assigning attribute weights to generate total, and

normalizing said totals to generate a rank.

20. The system of claim 19, wherein the system further comprises

identifying at least one user preference after identifying at least one relevant property attribute to use in ranking,

assigning weights to each of at least one user preference after assigning weights to each at least one property attribute,

generating attribute rations between properties,

assigning weights to each of the at least one property attributes,

assigning weights to each of the at least one user preference

generating attribute ratios between properties that include relevant attributes and properties in the same location that do not include the relevant attributes,

generating attribute ratios between metrics in a location and metrics across locations,

combining attribute ratios of properties and assigned weights combining attribute of metrics and assigned weights,

generating a plurality of totals from said combinations, and

normalizing said totals to generate a list of ranked properties.