Patent ID: 8060450
Filing Date: 2011-11-15
Classification: G06Q

Abstract:
1. A method for calculating a location rating of a subject real estate property, said method comprising: providing an input device for selecting a plurality of location factors generally associated with real estate properties of a type similar to that of the subject real estate property, said plurality of location factors divided into sets of location factors; attributing to said each of said sets of location factors a weight indicator having a numerical representation; said input device in communication with a computer containing a processor; for said each of said sets of location factors, the processor evaluating each of said plurality of location factors for said subject real estate property and attributing to said each of said plurality of location factors a factor score to obtain a plurality of factor scores, each of said plurality of factor scores having a numerical representation based on said evaluating; for said each of said sets of location factors, summing said plurality of factor scores to obtain a total score; for said each of said sets of location factors, diving said total score by said number of location factors in said each of said sets of location factors to obtain an average score; for said each of said sets of location factors, multiplying said average score by said weight indicator to obtain a weighted score; adding said weighted scores of said sets of location factors to obtain a total weighted score; adding said weighted indicators of said sets of location factors to obtain a total weight indicator; and dividing said total weighted score by said total weight indicator to obtain a location rating.