System and method for facilitating property comparisons
OwnerDamien Gerard Lovelandinventor
Life of this patent
Estimating the term…
Abstract
A system and method allowing a user to quickly receive a ranked comparison of homes for sale based on default criteria or criteria of the user's choice. An interactive website is provided into which a home buyer can enter details of several properties under consideration for purchase and receive a ranked comparison list in order of best value for money. Homebuyers may change the weightings of the criteria according to their preferences. An alternate home price is calculated for the homes ranked below first such that they have the same perceived value per dollar as the top ranked home. Finally, there is an option for the homebuyer to share results with the online community.
Claims20
An electronic device for evaluating real estate properties for sale with respect to each other comprising:
- a processor and a display operably connected to the processor, the processor configured to:
- a. receive, from a user, first input that identifies two or more properties which are for sale;
- b. receive second input that represents values of a parameter for each of said two or more properties;
- c. receive third input that results in identification of one or more of the values as shared values;
- d. perform a normalization of the values to result in a normalized score for each shared value;
- and
- e. transmit the normalized score for each shared value and an identifier for the property to which it corresponds to a database from which one or more further electronic devices may retrieve each transmitted normalized score.
An electronic device for evaluating real estate properties for sale with respect to each other comprising:
- a processor and a display connected to the processor, the processor configured to:
- a. receive, from a user, first input that identifies two or more properties which are for sale;
- b. receive numerical values of one or more parameters for each of said two or more properties;
- c. calculate, from received numerical values, an average numerical value of each of said one or more parameters;
- d. calculate for each of said two or more properties a score comprising:
- one or more terms each related to a different of said one or more parameters;
- and
- a summation of said one or more terms;
- wherein, for the score for a first of said two or more properties:
- at least one term has a dependence on the numerical value of one of said one or more parameters for the first of said two or more properties, wherein said dependence is at least in part linear, quadratic, polynomial, exponential, logarithmic, Gaussian, a step function, a top-hat function or an inverted-V function;
- and
- said at least one term is inversely proportional to the average numerical value of said one of said one or more parameters;
- and
- e. normalize the scores such that one of the scores or an average of the scores is equal to a predetermined value.
An electronic device for evaluating real estate properties for sale with respect to each other comprising:
- a processor and a display connected to the processor, the processor configured to:
- a. receive, from a user, first input that identifies two or more properties which are for sale;
- b. receive numerical values of two or more parameters for each of said two or more properties;
- c. receive a numerical weighting factor for each of said two or more parameters;
- d. calculate, from received numerical values, an average numerical value of each of said two or more parameters;
- and
- e. calculate for each of said two or more properties a score comprising:
- two or more terms each related to a different of said two or more parameters;
- and
- a summation of said two or more terms;
- wherein, for the score for a first of said two or more properties:
- each term is proportional to the numerical weighting factor for the parameter to which the term relates;
- at least one term has a dependence on the numerical value of one of said two or more parameters for the first of said two or more properties, wherein said dependence is at least in part linear, quadratic, polynomial, exponential, logarithmic, Gaussian, a step function, a top-hat function or an inverted-V function;
- and
- said at least one term is inversely proportional to the average numerical value of said one of said two or more parameters.
Dependencies are inferred from the claim text.