Evaluating real estate properties
View Patent ↗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.
1. A method of analyzing real estate property, the method comprising:
identifying, using a computing system, comparison properties in a search pool of properties using 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 whether the attribute value for each comparison property is one of above, below and substantially equal to the average attribute value.
2. The method of claim 1 , wherein identifying the comparison properties comprises selecting properties from the search pool using initial filtering criteria.
3. The method of claim 2 , wherein using the initial filtering criteria comprises determining a price range of a purchase price.
4. The method of claim 3 , wherein determining the price range comprises:
determining an upper price value using a seller price; and
determining a lower price value using the purchase price.
5. 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.
6. The method of claim 5 , further comprising rounding the average attribute value.
7. 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.
8. 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.
9. 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.
10. 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 ‘=’.
11. A system to analyze real estate property, 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:
identifying comparison properties 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.
12. The system of claim 11 , wherein the operations further comprise selecting comparison properties from the search pool using initial filtering criteria.
13. The system of claim 12 , wherein the operations further comprise determining a price range of a purchase price as the initial filtering criteria.
14. The system of claim 13 , wherein the operations further comprise:
determining an upper price value of the price range using a seller price; and
determining a lower price value of the price range using a purchase price.
15. The system of claim 11 , 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.
16. The system of claim 15 , wherein the operations further comprise rounding the average attribute value.
17. The system of claim 11 , 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.
18. The system of claim 11 , 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.
19. The system of claim 11 , 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.
20. The method of claim 11 , 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 ‘=’.
21. A non-transitory machine-readable medium storing instructions that, when executed by a processor, cause the processor to perform operations comprising:
identifying comparison properties in a 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.
22. The system of claim 21 , wherein the operations further comprise selecting comparison properties from the search pool using initial filtering criteria.
23. The system of claim 22 , wherein the operations further comprise determining a price range of a purchase price as the initial filtering criteria.
24. The system of claim 23 , wherein the operations further comprise:
determining an upper price value of the price range using a seller price; and
determining a lower price value of the price range using a purchase price.
25. The system of claim 21 , 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.
26. The system of claim 25 , wherein the operations further comprise rounding the average attribute value.
27. The system of claim 21 , 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.
28. The system of claim 21 , 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.
29. The system of claim 21 , 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.
30. The method of claim 21 , 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 ‘=’.