Real Estate Search Engine

• US 20130218864A1
• Filed: 02/18/2012
• Published: 08/22/2013
• Est. Priority Date: 02/18/2012
• Status: Abandoned Application

• Current Assignee: Harrison Gregory Hong
• Original Assignee: Harrison Gregory Hong
• Inventors: Hong, Harrison Gregory
• Application Number:
  US13/400,067
• Publication Number:
  US 20130218864A1
• Time in Patent Office: Days
• US Class Current: 707/709
• CPC Class Codes: G06F 16/951 Indexing; Web crawling techniques
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

Some embodiments provide a method that receives several attributes of a property and a price of the property. For each attribute in the several attributes of the property, the method performs a hedonic analysis to compute a value that correlates a portion of the price of the property to the attribute of the property. The method stores the computed values for later use in a search for the property.

Claims

1. A method comprising:

receiving a plurality of attributes of a property and a price of the property;

for each attribute in the plurality of attributes of the property, performing a hedonic analysis to compute a value that correlates a portion of the price of the property to the attribute of the property; and

storing the computed values for later use in a search for the property.

2. The method of claim 1, wherein each computed value is expressed in terms of a fractional contribution of an attribute in the plurality of attributes of the property to the price of the property, the computed value for deriving the portion of the price of the property associated with the attribute of the property.

3. The method of claim 1, wherein the computed value of each attribute is a price value that represents a portion of the price that is associated with the attribute of the property.

4. The method of claim 1 further comprising identifying data associated with the plurality of attributes of the property.

5. The method of claim 4, wherein identifying the data comprises crawling a set of websites that contain the data.

6. The method of claim 4, wherein each attribute in the plurality of attributes of the property is an attribute value that represents the attribute of the property.

7. The method of claim 6 further comprising, for each attribute in the plurality of attributes of the property, deriving the attribute value that represents the attribute of the property based on the data associated with the attribute of the property.

8. The method of claim 1, wherein the plurality of attributes of the property comprises a location attribute of the property.

9. The method of claim 1, wherein the plurality of attributes of the property comprises a size attribute of the property.

10. The method of claim 1, wherein the plurality of attributes of the property comprises a quality attribute of the property.

11. A method for searching for properties, the method comprising:

receiving a search request that specifies a requested price and a plurality of values that correlate a plurality of property attributes to the price;

based on the plurality of values and the requested price, identifying a plurality of properties that match the search request;

sorting the plurality of properties based on the plurality of values; and

providing the sorted plurality of properties in response to the search request.

12. The method of claim 11, wherein each property in the identified plurality of properties has a price associated with the property.

13. The method of claim 12, wherein the plurality of properties are identified by identifying properties having prices that are within a defined range of the requested price.

14. The method of claim 11, wherein the price associated with each property comprises a plurality of predicted values, each predicted value representing a portion of the price of the property that is attributed to an attribute of the property.

15. The method of claim 14, wherein the sorting of the plurality is further based on the plurality of predicted values of each property.

16. The method of claim 14 further comprising adjusting the plurality of predicted values of each property based on the requested price.

17. The method of claim 15, wherein the sorting of the plurality is further based on the adjusted plurality of predicted values of each property.

18. The method of claim 14, wherein the attribute of the property is a quality attribute.

19. The method of claim 14, wherein the attribute of the property is a location attribute.

20. The method of claim 14, wherein the attribute of the property is a size attribute.