Method and system for providing real estate information

• US 7,974,930 B2
• Filed: 07/13/2001
• Issued: 07/05/2011
• Est. Priority Date: 07/26/2000
• Status: Active Grant

• Current Assignee: Yardi Systems Incorporated
• Original Assignee: Pierce-Eislen Incorporated (Yardi Systems Incorporated)
• Inventors: Brock, Ronald G. Sr.
• Primary Examiner(s): Colbert; Ella
• Assistant Examiner(s): MILEF, ELDA G
• Application Number:
  US09/904,741
• Publication Number:
  US 20020035535A1
• Time in Patent Office: 3,644 Days
• Field of Search: 705/36.R, 705/10, 705/306, 705/35
• 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 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

An interactive, computer-implemented system for providing a comparison of at least two real estate properties is provided. The system includes a database that stores a plurality of data relating to real estate properties. The data includes at least one of address data, ownership data, size data, geographic location data and monetary value data. An interface system enables a system user to input a request for a comparison of at least a portion of the data for at least two of the real estate properties. The request includes information sufficient to identify the real estate properties to be compared. A processor uses the information to obtain a comparison of the data relating to the real estate properties. A delivery system provides to the system user a comparison of the data relating to the real estate properties.

Claims

1. An interactive, computer-implemented system for providing a physical rating of a real estate property, said system comprising:

a database storing;

a plurality of physical factors for each of a plurality of real estate properties, a weight indicator associated with each of said plurality of physical factors; and

a factor score associated with each of said plurality of physical factors;

an interface system for enabling a user to input a request for a physical rating for one of said plurality of real estate properties, said request comprising information sufficient to identify said one of said plurality of real estate properties in said database;

a processor which uses said information to obtain a physical rating for said one of said plurality of real estate properties, wherein said processor is configured to obtain said physical rating by dividing said plurality of physical factors into a plurality of sets each having a number of factors, said number comprising at least two, wherein said weight indicators of each of said plurality of factors in said each of said plurality of sets are equal; and

a delivery system for providing said physical rating to said user.

2. The interactive, computer-implemented system of claim 1, wherein said processor is further configured to obtain said physical rating for said one of said plurality of real estate properties by obtaining a total weighted score based on said factor scores associated with each of said plurality of physical factors of said one of said plurality of real estate properties and said weight indicators associated with each of said plurality of physical factors of said one of said plurality of real estate properties.

3. The interactive, computer-implemented system of claim 2, wherein said processor is configured to obtain said total weighted score by:

multiplying each of said factor scores associated with each of said plurality of physical factors of said one of said plurality of real estate properties by said weight indicator associated with said each of said plurality of physical factors to obtain a plurality of weighted factor scores; and

summing said plurality of weighted factor scores to obtain a total weighted score.

4. The interactive, computer-implemented system of claim 3, wherein said processor is further configured to obtain said physical rating by summing said weight indicators to obtain a total weight indicator and dividing said total weighted score by said total weight indicator.

5. The interactive, computer-implemented system of claim 1, wherein said processor is further configured to convert said physical rating to an alphabetic score.

6. An interactive, computer-implemented system for providing a rating of a real estate property, said system comprising:

a database storing;

(i) a plurality of physical factors for each of a plurality of real estate properties, a weight indicator associated with each of said plurality of physical factors; and

a factor score associated with each of said plurality of physical factors; and

(ii) a plurality of location factors for each of said plurality of real estate properties, a weight indicator associated with each of said plurality of location factors; and

a factor score associated with each of said plurality of location factors;

an interface system for enabling a user to input a request for a physical and/or location rating for one of said plurality of real estate properties, said request comprising information sufficient to identify said one of said plurality of real estate properties in said database;

a processor which uses said information to obtain a rating for said one of said plurality of real estate properties, wherein said processor is configured to provide a physical and/or location rating for each of said plurality of real estate properties, wherein providing said physical rating comprises dividing said plurality of physical factors into a plurality of sets each having a number of physical factors, said number comprising at least two, wherein said weight indicators of each of said plurality of physical factors in said each of said plurality of sets are equal, and wherein providing said location rating comprises dividing said plurality of location factors into a plurality of sets each having a number of location factors, said number comprising at least two, wherein said weight indicators of each of said plurality of location factors in said each of said plurality of sets are equal; and

a delivery system for providing said physical and/or location rating to said user.

7. The interactive, computer-implemented system of claim 6, wherein said delivery system provides to said user a property comparison report comprising:

a comparison of physical ratings and location ratings for at least two of said plurality of real estate properties.

8. The interactive, computer-implemented system of claim 7, wherein said property comparison report further comprises a comparison of market standard rental rates along with a basis upon which the market standard rental rates were calculated.

9. The interactive, computer-implemented system of claim 6, wherein said request by said system user further comprises the selection of a unit type for use in searching said real estate database.