PROPERTY CHARACTERISTICS FILTERING TO AUTOMATICALLY UPDATE SUB-MARKETS FOR A SUBJECT PROPERTY

PROPERTY CHARACTERISTICS FILTERING TO AUTOMATICALLY UPDATE SUB-MARKETS FOR A SUBJECT PROPERTY

A subject property and a corresponding updatable pool of property sales are displayed in a map image. Property characteristics that define the pool of recent sales are manipulated using an interface that lists the characteristics and provides updatable ranges. Once a satisfactory set of ranges is es...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Talbird, David A, Rosenblatt, Eric, Brahler, Mark, Alekperov, Zaur, Fatykhov, Timur, Holbrook, John
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A subject property and a corresponding updatable pool of property sales are displayed in a map image. Property characteristics that define the pool of recent sales are manipulated using an interface that lists the characteristics and provides updatable ranges. Once a satisfactory set of ranges is established, the corresponding sub-market for the subject property is recalculated using only those properties that satisfy the new property characteristics criteria. A map image automatically updates to show those properties included in the updated pool, and those that were excluded. A model-based valuation also automatically updates and is listed among property data for the subject property.