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US 10,832,357 B1Granted
Real estate transaction facilitating process and incoming property offer notification system
OwnerJamie Michele Paglianoinventor
Life of this patent
Estimating the term…
Abstract
A real estate transaction facilitating process and system that allows buyers, sellers, and agents to be notified of any incoming offers on a property is disclosed. The real estate transaction facilitating process and system allows buyers, sellers, and agents to see how many offers there are on a property. Sellers have access to all the offers that come in which eliminates a distrustful agent who may hide an offer. Buyers are assured the seller has seen their offer. Agents have all offers in one location so none can be misplaced.
Claims9
A non-transitory computer readable medium storing a program which, when executed by a processor of a computing device, facilitates real estate transactions, said program comprising sets of instructions for:
- establishing a website portal to facilitate a real estate transaction;
- setting up a particular property on the website portal by a listing agent;
- determining whether the listing agent is permitted by a property seller of the particular property to show an offer price for the particular property on the website portal;
- configuring the website portal to display the offer price for the particular property only when the property seller permits the listing agent to show the offer price and a disclaimer that hides the offer price for the particular property when the listing agent lacks permission from the property seller to show the offer price;
- receiving, from a property searching user comprising one of a property buyer and an agent of the property buyer, search criteria to find any listed property matching the search criteria;
- searching for listed properties that match the search criteria;
- displaying, on a property search results page, property search results that include a particular property search result comprising the particular property on the website portal;
- saving the particular property on the website portal in a private filtered property watch list of properties saved by the property searching user as favorite properties;
- submitting a buyer offer for the particular property through the website portal by the agent of the property buyer;
- submitting additional buyer offer documents in connection with the buyer offer for the particular property through the website portal by the agent of the property buyer, wherein the additional buyer offer documents comprise a formalized agreement, a written offer amount, and a document related to financing the purchase of particular property by the buyer;
- notifying the property buyer and the agent of the property buyer of the buyer offer and the additional buyer offer documents after submission through the website portal is completed;
- storing the submitted buyer offer and the additional buyer offer documents for the particular property in a property offers database;
- notifying the property seller when the buyer offer is submitted for the particular property;
- storing property seller notification information regarding notifying the property seller of the submitted buyer offer and the additional buyer offer documents in a notification of property offers database;
- and
- adding the submitted buyer offer for the particular property to a plurality of other buyer offers for the particular property listed on the website portal, wherein the submitted buyer offer and the plurality of other buyer offers are visually output for display when the property seller logs into the website portal to view the offers for the particular property, wherein details of the submitted buyer offer and the additional buyer offer documents are retrieved from the property offers database upon selection of the submitted buyer offer in the visually output display of offers for the particular property.
13 more elements
A real estate transaction facilitation and incoming property offer notification system comprising:
- a buyer computing device associated with a property buying user, said buyer computing device comprising software that visually outputs a graphical user interface for the property buyer user to search for, identify, and make offers on listed properties, wherein each listed property is configured to display one of an offer price for the property and a disclaimer that hides an offer price for the property based on whether a listing agent who set up the property as a listed property has received permission to show the offer price for the property;
- a seller computing device associated with a property selling user, said seller computing device comprising software that visually outputs the graphical user interface for the property seller user to list a seller property for sale and to receive notifications of offers for the seller property, wherein the seller property for sale is configured to display one of an offer price for the seller property for sale and a disclaimer that hides the offer price for the seller property for sale based on whether the property selling user has received permission to show the offer price for the seller property for sale from a selling owner of the property;
- a buyer agent computing device associated with a property buyer agent, said buyer agent computing device comprising software that visually outputs the graphical user interface for the property buyer agent to search for, identify, and make offers on listed properties in connection with preferences of the property buyer, wherein each listed property is configured to display one of an offer price for the property and a disclaimer that hides an offer price for the property based on whether a listing agent who set up the property as a listed property has received permission to show the offer price for the property, wherein the graphical user interface for the property buyer agent to make offers on listed properties includes an offer submission button to submit a buyer offer for the seller property and a documents tool to add additional buyer offer documents to the buyer offer for the seller property;
- a front end cloud server computing device that performs user registration and login authentication for one or more of the property buyer user, the property seller user, and the property buyer agent;
- and
- a real estate transaction facilitation and incoming property offer notification server comprising a server processor and a software application, which when running on the server processor, establishes a session connection for each of the buyer computing device, the seller computing device, and the buyer agent computing device to allow the property buyer user, the property seller user, and the property buyer agent to interact with the real estate transaction facilitation and incoming property offer notification system to view listed properties, list properties as ready to receive offers, watch listed properties, and make offers on listed properties, wherein the real estate transaction facilitation and incoming property offer notification server configures an offer price display setting for each listed property, wherein the offer price display setting is based on whether the selling owner of the property permits the listing agent to display the offer price for the property, wherein the real estate transaction facilitation and incoming property offer notification server lists a particular buyer offer for the seller property upon receiving a selection of the offer submission button by the property buyer agent, wherein the real estate transaction facilitation and incoming property offer notification server sends an instant buyer notification to the property buying user and an instant seller notification to the property selling user upon receiving the particular buyer offer for the seller property.
3 more elements
Dependencies are inferred from the claim text.