Patent ID: 7747460

Claim:
A method for conducting an on-site evaluation for valuing at least at least one portion of a specified flooring to be replaced utilizing evaluation logic run by one or more computer of a flooring evaluation system, comprising the steps of: receiving input indicative of a plurality of characteristic options, wherein the input is indicative of at least a portion of the specified flooring; and calculating, automatically, using the evaluation logic, a current monetary market value for at least a portion of the specified flooring utilizing an assigned weighted value indicative of a relational market worth associated with the characteristic options upon which input was received, wherein the step of calculating, automatically, the current monetary market value for at least a portion of the specified flooring comprises utilizing an aggregate of the assigned weighted values of the characteristic options upon which input was received to form a characteristic option score which is scaled by a multiplier value to form the current monetary market value for at least a portion of the specified flooring, and wherein the multiplier value is derived from an average aggregate correlation between the assigned weighted value of each characteristic option and market value.