Evaluating real estate properties

• US 9,639,879 B2
• Filed: 09/25/2015
• Issued: 05/02/2017
• Est. Priority Date: 03/23/2007
• Status: Expired due to Fees

• Current Assignee: Nice Idea Media, Inc.
• Original Assignee: Nice Idea Media, Inc.
• Inventors: Binder, Neil
• Primary Examiner(s): ALAM, SHAHID AL
• Application Number:
  US14/865,332
• Publication Number:
  US 20160012510A1
• Time in Patent Office: 585 Days
• Field of Search: 707758
• CPC Class Codes: G06F 16/24558 Binary matching operations
• CPC Class Codes: G06F 16/29 Geographical information databases
• CPC Class Codes: G06F 16/9038 Presentation of query results
• CPC Class Codes: G06F 16/904 Browsing; Visualisation therefor for navigating the web G06F16/954; browsing optimisation for the web G06F16/957
• CPC Class Codes: G06F 16/9535 Search customisation based on user profiles and personalisation
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 30/0629 for generating comparisons
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

The present invention is an improved system and method for analyzing multiple real estate properties. The system includes a pool of properties that are searched based on user-defined search criteria. The system identifies comparison properties from the search pool. The comparison properties include attributes that match or are a near match to the search criteria. The system compares each of the comparison properties to at least one average value and demonstrably depicts the comparison to the user.

Claims

1. A method of indicating attribute relationships among real estate properties, the method comprising:

filtering, using a computing system, properties in a search pool of properties using initial filtering criteria including a price range associated with a purchase price of each of the properties, the price range having an upper price value and lower price value;

identifying, using the computing system, comparison properties from the properties as filtered in the search pool of properties based on a search feature associated with the comparison properties, the search feature having an attribute value associated with each comparison property;

determining, using the computing system, an average attribute value associated with the search feature for the comparison properties; and

depicting demonstrably, using the computing system, a comparison of the attribute value for each comparison property to the average attribute value using a symbol that indicates how the attribute value for each comparison property is related to the average attribute value.

2. The method of claim 1, wherein the method further comprises:

determining the upper price value using a seller price; and

determining the lower price value using the purchase price.

3. The method of claim 1, wherein determining the average attribute value comprises:

summing the attribute value for each comparison property into a sum; and

dividing the sum by a total number of the comparison properties.

4. The method of claim 3, further comprising rounding the average attribute value.

5. The method of claim 1, wherein the search feature is selected from the group consisting of property type, purchase price, location, building type, light, space and cost.

6. The method of claim 1, further comprising generating a grid that depicts demonstrably the comparison of the attribute value for each comparison property to the average attribute value.

7. The method of claim 1, further comprising generating at least one of a bar chart and pie chart that depicts demonstrably the comparison of the attribute value for each comparison property to the average attribute value.

8. The method of claim 1, wherein depicting demonstrably the comparison of the attribute value for each comparison property to the average attribute value comprises displaying the symbol selected from the group consisting of ‘

+’

, ‘

−

’ and

‘

=’

.

9. A system to indicate attribute relationships among real estate properties, the system comprising:

a database storing a search pool that includes information for a plurality of properties; and

a device including a processor and a memory storing instructions that, when executed by the processor, cause the processor to perform operations comprising;

filtering the properties in the search pool of properties using initial filtering criteria including a price range associated with a purchase price of each of the properties, the price range having an upper price value and lower price value;

identifying comparison properties from the properties as filtered in the search pool based on a search feature associated with the comparison properties, the search feature having an attribute value associated with each comparison property;

determining an average attribute value associated with the search feature for the comparison properties; and

depicting demonstrably a comparison of the attribute value for each comparison property to the average attribute value using a symbol that indicates whether the attribute value for each comparison property is one of above, below and substantially equal to the average attribute value.

10. The system of claim 9, wherein the operations further comprise:

determining the upper price value of the price range using a seller price; and

determining the lower price value of the price range using a purchase price.

11. The system of claim 9, wherein the operations further comprise:

summing the attribute value for each comparison property into a sum; and

dividing the sum by a total number of comparison properties to determine the average attribute value.

12. The system of claim 11, wherein the operations further comprise rounding the average attribute value.

13. The system of claim 9, wherein the operations further comprise selecting the search feature from the group consisting of property type, purchase price, location, building type, light, space and cost.

14. The system of claim 9, wherein the operations further comprise generating a grid that depicts demonstrably the comparison of the attribute value for each comparison property to the average attribute value.

15. The system of claim 9, wherein the operations further comprise generating at least one of a bar chart and pie chart that depicts demonstrably the comparison of the attribute value for each comparison property to the average attribute value.

16. The system of claim 9, wherein the operations further comprise depicting demonstrably the comparison of the attribute value for each comparison property to the average attribute value using the symbol selected from the group consisting of ‘

+’

, ‘

−

’ and

‘

=’

.

17. A non-transitory machine-readable medium storing instructions that, when executed by a processor, cause the processor to perform operations comprising:

filtering properties in a search pool of properties using initial filtering criteria including a price range associated with a purchase price of each of the properties, the price range having an upper price value and lower price value

identifying comparison properties from the properties as filtered in the search pool of properties based on a search feature associated with the comparison properties, the search feature having an attribute value associated with each comparison property;

determining an average attribute value associated with the search feature for the comparison properties; and

depicting demonstrably a comparison of the attribute value for each comparison property to the average attribute value using a symbol that indicates whether the attribute value for each comparison property is one of above, below and substantially equal to the average attribute value.

18. The medium of claim 17, wherein the operations further comprise:

determining the upper price value of the price range using a seller price; and

determining the lower price value of the price range using a purchase price.

19. The medium of claim 17, wherein the operations further comprise:

summing the attribute value for each comparison property into a sum; and

dividing the sum by a total number of comparison properties to determine the average attribute value.

20. The medium of claim 19, wherein the operations further comprise rounding the average attribute value.

21. The medium of claim 17, wherein the operations further comprise selecting the search feature from the group consisting of property type, purchase price, location, building type, light, space and cost.

22. The medium of claim 17, wherein the operations further comprise generating a grid that depicts demonstrably the comparison of the attribute value for each comparison property to the average attribute value.

23. The medium of claim 17, wherein the operations further comprise generating at least one of a bar chart and pie chart that depicts demonstrably the comparison of the attribute value for each comparison property to the average attribute value.

24. The medium of claim 17, wherein the operations further comprise depicting demonstrably the comparison of the attribute value for each comparison property to the average attribute value using the symbol selected from the group consisting of ‘

+’

, ‘

−

’ and

‘

=’

.