Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Discount or incentive
Patent
1998-07-17
2000-10-31
Poinvil, Frantzy
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Discount or incentive
G06F 1518
Patent
active
061416487
ABSTRACT:
A computer-implemented method for estimating a dollar per square foot value of a subject property. A set of properties comparable to the subject property are retrieved. The comparable properties are characterized by a plurality of common attributes each having a respective value. The plurality of common attributes include distance from the subject property, sale price, and living area. The distance of the comparable properties to the subject property are rated on a fuzzy preference scale indicating desirable and tolerable deviations from an ideal match with the subject property. Each evaluation generates a weighted preference. The sale price and the living area from each of the comparable properties are then aggregated with the weighted preference for that comparable into a dollar per square foot estimate of the subject property.
REFERENCES:
patent: 5361201 (1994-11-01), Jost et al.
patent: 5414621 (1995-05-01), Hough
patent: 5680305 (1997-10-01), Apgar, IV
patent: 5960407 (1999-09-01), Vivona
Americal Institute of Real Estate Appraisers, Appraising Residential Property, pp. 371-436 2ed., Jul. 1994.
Avelino J. Gonsales, "A Case-Based Reasoning Approach to Real Estate Property Appraisal", Expert Systems with Applications, v4 pp. 229-246, Year 1992.
"A Case-Based Reasoning Approach to Real Estate Property Appraisal" by A Gonzalez, et al., pp. 229-246.
"The Sales Comparison Approach" Apraising Residential Properties (2nd Edition, 1994) pp. 371-436.
US Patent Application, RD-24,354 "A Method for Validating Specified Prices on Real Property" by William E. Cheetam and Piero P. Bonissone.
US Patent Application, RD-24,351 "A Method for Estimating the Value of Real Property" by William E. Cheetam. & Piero P. Bonissone.
American Institute of Real Estate Appraisers, Appraising Residential Properties, 371-436 (2d ed.) Jul. 1994.
Avelino J. Gonzales, "A Case-Based Reasoning Approach to Real Estate Property Appraisal", Expert Systems with Applications, v 4, pp. 229-246, 1992.
Bonissone Piero Patrone
Cheetham William Estel
Breedlove Jill M.
General Electric Company
Goldman David C.
Poinvil Frantzy
LandOfFree
Method for estimating the price per square foot value of real pr does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method for estimating the price per square foot value of real pr, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method for estimating the price per square foot value of real pr will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2064680