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Publication numberUS20060167710 A1
Publication typeApplication
Application numberUS 11/113,364
Publication dateJul 27, 2006
Filing dateApr 22, 2005
Priority dateJan 25, 2005
Also published asUS7827069, US20070162347, WO2006081039A2, WO2006081039A3
Publication number11113364, 113364, US 2006/0167710 A1, US 2006/167710 A1, US 20060167710 A1, US 20060167710A1, US 2006167710 A1, US 2006167710A1, US-A1-20060167710, US-A1-2006167710, US2006/0167710A1, US2006/167710A1, US20060167710 A1, US20060167710A1, US2006167710 A1, US2006167710A1
InventorsMartin King, Henry Happel, Jerry Gnuschke, James Stafford-Fraser
Original AssigneeKing Martin T, Henry Happel, Jerry Gnuschke, Stafford-Fraser James Q
Export CitationBiBTeX, EndNote, RefMan
External Links: USPTO, USPTO Assignment, Espacenet
Method and system for registering potential acquirers of assets that are not currently on the market
US 20060167710 A1
Abstract
A register interest system receives from a potential acquirer of assets an indication that the potential acquirer is interested in acquiring rights in a specific asset that is not currently on the market. The register interest system stores indications that the potential acquirers are interested in specific assets. When a notification criterion has been satisfied, then the register interest system notifies the owner of the specific asset that one or more potential acquirers are interested in acquiring rights to that asset. The owner and a potential acquirer can then negotiate the purchase of the rights.
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Claims(56)
1. A method in a computer system for matching potential buyers of assets that are not currently for sale with the owners of the assets, the method comprising:
receiving from a potential buyer an indication that the potential buyer is interested in buying an asset that is not currently for sale;
notifying an owner of the asset that the potential buyer is interested in buying the asset; and
providing to the owner of the asset the identity of the potential buyer of the asset.
2. The method of claim 1 wherein the asset is real estate property.
3. The method of claim 2 including providing a web site through which a potential buyer can indicate their interest in buying the real estate property.
4. The method of claim 3 wherein the web site provides a map from which the potential buyer can identify the real estate property.
5. The method of claim 1 wherein the indication further includes position information of the asset.
6. The method of claim 5 wherein the position information includes GPS coordinates.
7. The method of claim 5 wherein the position information is input by speaking the address.
8. The method of claim 5 wherein the position information is input via a cellular phone.
9. The method of claim 1 including determining whether the potential buyer has the financial capability to buy the asset in which the potential buyer has indicated an interest.
10. The method of claim 9 including notifying the owner that the potential buyer has the financial capability to buy the asset.
11. The method of claim 1 wherein the asset is selected from the group consisting of fine art, antiques, yachts, cars, horses, show dogs and similar assets that are unique and valuable.
12. The method of claim 1 wherein the providing of the identity of the potential buyer of the asset is performed after receiving an indication that the owner of the asset agrees to terms under which the identity of the potential buyer will be provided.
13. The method of claim 12 wherein the terms include that the owner will keep information about the buyer confidential.
14. The method of claim 13 wherein the terms include that the owner will provide compensation in exchange for information about the potential buyer.
15. The method of claim 1 including providing a list of assets that are comparable to the asset in which the potential buyer has indicated an interest.
16. The method of claim 15 wherein an asset is comparable based at least in part on another potential buyer indicating an interest in both the asset and the comparable asset.
17. The method of claim 1 wherein the owner is notified of potential buyers in an order based on a preference assigned to the potential buyers.
18. The method of claim 17 wherein the preferences are assigned based on fees paid by the potential buyers.
19. The method of claim 17 wherein the preferences are assigned based on order in which the potential buyers indicated an interest in the asset.
20. The method of claim 1 including providing a predicted sale price for the asset.
21. The method of claim 1 including providing information about the asset obtained from various data sources.
22. The method of claim 21 including when the asset is real estate property, a data source is selected from the group consisting of property tax records, maps, multiple listing service records, permits, and previous sales relating to the real estate property.
23. The method of claim 1 including providing a list of top assets based on potential buyers who have indicated an interest in the assets.
24. The method of claim 1 wherein when the assets are, real estate property, providing a list of top real estate properties based on potential buyers who have indicated an interest in the real estate properties.
25. The method of claim 1 wherein when the assets are real estate properties, providing a list of top areas based on potential buyers who have indicated an interest in the real estate properties in those areas.
26. A method in a computer system for generating interest in a transaction between a potential buyer of a real estate property that is not currently for sale and the owner of the real estate property, the method comprising:
providing a web site through which potential buyers of real estate can register their interest in a specific real estate property that is not currently for sale;
directing that a notification be sent to an owner of a real estate property in which a potential buyer has registered an interest, the notification indicating that a potential buyer has registered an interest in the owner's real estate property;
providing a web site through which an owner who has been notified can register an interest in offering the owner's real estate property for sale; and
after the owner registers an interest in offering the owner's real estate property for sale, directing that the potential buyer and the owner be put in contact.
27. The method of claim 26 wherein the potential buyer and the owner are put in contact only after they agree to terms of contact.
28. The method of claim 26 wherein the web site provides a map from which the potential buyer can identify real estate property.
29. The method of claim 26 wherein the potential buyer can identify the real estate property using GPS coordinates.
30. The method of claim 26 wherein the potential buyer can identify the real estate property using a cellular phone.
31. The method of claim 26 including determining whether the potential buyer has the financial capability to buy the real estate property.
32. The method of claim 31 including notifying the owner that the potential buyer has the financial capability to buy the real estate property.
33. The method of claim 26 including providing a list of real estate properties that are comparable to the real estate property in which the potential buyer has registered an interest.
34. The method of claim 33 wherein real estate property is comparable based at least in part on another potential buyer registering an interest in both the real estate property and the comparable real estate property.
35. The method of claim 26 wherein the owner is notified of potential buyers in an order based on a preference assigned to the potential buyers.
36. The method of claim 26 including providing a predicted sale price for the real estate property.
37. The method of claim 26 including collecting information from a data source that is selected from the group consisting of property tax records, maps, multiple listing service record, permits, and previous sales relating to the real estate property.
38. The method of claim 26 including providing a list of top real estate properties based on potential buyers who have indicated an interest in the real estate properties.
39. The method of claim 26 including providing a list of top areas based on potential buyers who have indicated an interest in the real estate properties in those areas.
40. A method for registering potential acquirers who have expressed an interest in acquiring rights in assets that are not currently on the market with the owners of the assets, the method comprising:
receiving from potential acquirers of assets indications that the potential acquirers are interested in acquiring rights in specific assets that are not currently on the market;
storing indications that the potential acquirers are interested in the specific assets; and
upon a notification criterion being satisfied, notifying the owner of a specific asset that a potential acquirer is interested in acquiring rights in the specific asset.
41. The method of claim 40 wherein the notification criterion is satisfied when the owner places the rights in the specific asset on the market.
42. The method of claim 40 wherein the notification criterion is satisfied when a certain number of potential acquirers indicate an interest in acquiring rights in the specific asset.
43. The method of claim 42 wherein the rights in the specific asset are ownership rights.
44. The method of claim 42 wherein the rights in the specific asset are lease rights.
45. The method of claim 42 wherein the rights in the specific asset are breeding rights.
46. A method of facilitating a sale of real estate property, implemented in a computer system, comprising:
receiving, from a potential buyer, an indication of interest in buying a real estate property;
incrementing a counter associated with the real estate property; and
providing information to an owner of the real estate property when the counter reaches a predetermined threshold;
wherein the real estate property is not publicly offered for sale when the indication of interest is received.
47. The method of claim 45, further comprising making a determination of the potential buyer's financial capability to buy the real estate property.
48. The method of claim 46 when the determination indicates that the buyer has the financial capability to buy the real estate property, providing the potential buyer with preferred access to the owner of the real estate property.
49. The method of claim 45 wherein the information includes an identifier associated with the potential buyer.
50. The method of claim 48 wherein the identifier is selected from the group consisting of name, address, phone number, electronic mail address, login name, and user identifier.
51. The method of claim 45 wherein the indication of interest includes location information.
52. The method of claim 50 wherein the location information includes GPS coordinates.
53. The method of claim 45 wherein the real estate property is a residential property.
54. The method of claim 45 wherein the information comprises home mortgage loan prequalification status of the potential buyer.
55. The method of claim 45 including providing the potential buyer with a list of other real estate property in which other potential buyers, who have indicated an interest in buying the same real estate property, have indicated an interest in buying.
56. The method of claim 45 including providing the potential buyer with an estimated price of the real estate property, the estimated price based at least in part on sales of comparable real estate property and on indications of interest from other potential buyers.
Description
CROSS-REFERENCE TO RELATED APPLICATION(S)

This application claims the benefit of U.S. Provisional Application No. 60/647,353 filed on Jan. 25, 2005, entitled “SYSTEM AND METHOD FOR PREMARKETING HIGH VALUE ASSETS,” which is hereby incorporated by reference.

TECHNICAL FIELD

The described technology relates generally to computer systems for facilitating the sale of assets.

BACKGROUND

Currently, assets such as residential real estate properties are typically sold from a seller to a buyer who are each represented by their own real estate agents. When a seller wants to sell their house, the seller elicits the services of a sellers' agent who markets the house and assists in the pricing of the house and in the negotiating of final purchase price. To market a house, the sellers' agent may list the house using a multiple listing service (“MLS”) that advertises the house to other real estate agents. A buyer who is interested in buying a house elicits the services of a buyers' agent who helps the buyer locate a house of interest and assists in the negotiating of the final purchase price. The buyers' agent shows the buyer the current inventory of houses that are for sale that may be of interest to the buyer. Assuming that a house of interest is currently for sale, then the buyer and the seller of the house negotiate a purchase price with the help of their agents. Upon completion of the sale, the seller may pay the sellers' agent a percentage of the purchase price as a commission. The sellers' agent may then share the commission with the buyers' agent.

Assets other than residential real estate may be sold using different marketing models. For example, fine art (e.g., a master's painting) may be sold at an auction conducted by an auction house. When the owner of the art wants to sell, the owner elicits the services of an auction house to advertise and conduct the auction for the art. The auction house may provide an appraisal for the art, contact potential buyers of the art, advertise the auction, conduct the auction, and coordinate the transfer of ownership from the seller to the winning bidder at the auction. The auction house may take as its fee a percentage of the winning bid price.

When a potential buyer is unable to locate an asset in which the potential buyer is interested, the potential buyer may advertise their interest in an asset with certain characteristics. For example, when a potential buyer wants to buy a certain type of antique automobile, that buyer may place a “want advertisement” in an antique automobile magazine. The advertisement may include a description of the automobile that is wanted, and the price that the potential buyer is willing to pay. An owner of an automobile that matches the description who is interested in selling can contact the potential buyer and negotiate the sale of the automobile. Although want advertisements can be effective for assets that can be described in a fairly objective way (e.g., a 1965 Mustang convertible like new), they are not as effective for assets that may have a fairly subjective component to their description (e.g., three-bedroom house with a nice view in a nice neighborhood).

The current models such as those described above for selling assets have various limitations. For example, a potential buyer of a house is typically limited to those houses that are currently being offered for sale. If none of the houses satisfy what the potential buyer is looking for in a house, then the potential buyer may buy a house that does not satisfy their needs or may become frustrated and simply not buy a house. It is very common, however, for people to notice and make mental note of houses they see which they would be interested in buying if available for sale. The knowledge that a person is interested in buying a house has economic value to the person and to the owner, which is currently not being captured. As another example, a potential buyer of fine art may not be able to buy art of interest that is currently on the market, even though the owner would sell the art if the owner knew there was significant interest by potential buyers. It would be desirable to have a model for selling assets that would overcome these and other limitations and capture the economic value for the knowledge that people are interested in buying an asset that is not currently for sale.

SUMMARY

A register interest system receives from a potential acquirer of assets an indication that the potential acquirer is interested in acquiring rights in a specific asset that is not currently on the market. The register interest system stores indications that the potential acquirers are interested in specific assets. When a notification criterion has been satisfied, then the register interest system notifies the owner of the specific asset that one or more potential acquirers are interested in acquiring rights to that asset. The owner and a potential acquirer can then negotiate the purchase of the rights.

BRIEF DESCRIPTION OF THE DRAWINGS

FIG. 1 is a display page that allows a potential buyer to select various options of the register interest system in one embodiment.

FIG. 2 is a display page that allows a potential buyer to identify a house of interest in one embodiment.

FIG. 3 is a display page that allows the potential buyer to register their interest in a house in one embodiment.

FIG. 4 is a display page that allows a potential buyer to view the list of houses in which the potential buyer has registered an interest in one embodiment.

FIG. 5 is a display page that allows a potential buyer to view more detailed information about a house in which the potential buyer has registered an interest in one embodiment.

FIG. 6 is a display page that illustrates an electronic mail message sent to an owner of a house in which one or more potential buyers have registered an interest in one embodiment.

FIG. 7 is a display page that allows an owner to register their house with the register interest system in one embodiment.

FIG. 8 is a display page provided to an owner when the owner visits the register interest system after being notified of potential buyers' interest in one embodiment.

FIG. 9 is a block diagram that illustrates components of the register interest system in one embodiment.

FIG. 10 is a flow diagram that illustrates a component that allows an interest in a house to be registered via telephone in one embodiment.

FIG. 11 is a flow diagram that illustrates a component that identifies comparable houses in one embodiment.

FIG. 12 is a flow diagram that illustrates a component that identifies top houses in an area.

FIG. 13 is a flow diagram that illustrates a component that notifies a potential buyer when a house in which they have registered an interest becomes available for sale in one embodiment.

FIG. 14 is a flow diagram that illustrates a component that rates potential buyers in one embodiment.

FIG. 15 illustrates a display page that allows a potential buyer to select a region and view information about the homes in that region.

FIG. 16 is a block diagram of one embodiment of a system for implementing the register interest system.

DETAILED DESCRIPTION

A method and system for registering potential acquirers who are interested in acquiring rights in assets that are not currently on the market is provided. In one embodiment, a register interest service provides a register interest system that receives from a potential acquirer of assets an indication that the potential acquirer is interested in acquiring rights in a specific asset that is not currently on the market. For example, if the asset is a house, then a potential buyer may register their interest in a specific house (e.g., at 123 Main St.) that is not currently being offered for sale. The register interest system stores indications that the potential acquirers are interested in specific assets. For example, the register interest system may store a mapping from a house address to the names of the potential buyers that are interested in the house at that address. When a notification criterion has been satisfied, then the register interest system notifies the owner of the specific asset that one or more potential acquirers are interested in buying rights to that asset. For example, when a certain number of potential buyers have registered an interest in a certain house, then the register interest system may send a notification to or direct that a notification be sent to the owner indicating that potential buyers have expressed an interest in buying the house. If the potential acquirers and the owners of assets agree to terms of the register interest service, then the register interest system directs that the owner and potential acquirers be put in contact. The terms may be that a potential acquirer, an actual acquirer, or the owner may pay a fee (e.g., a percentage of the acquisition price) to the register interest service. In this way, potential acquirers of a specific asset not need wait until the asset is put on the market to express their interest, and owners of assets that are not currently on the market can be notified of potential acquirers. One skilled in the art will appreciate that the register interest system can be used to register an interest in various types of assets such as fine art, antiques, yachts, cars, horses, show dogs, commercial and residential real estate, and so on.

In one embodiment, the register interest system is used to generate interest in a transaction between a potential buyer and the owner of real estate property that is not currently for sale. The register interest system provides a web site through which potential buyers of real estate property can register their interest in a specific real estate property (e.g., house) that is not currently for sale. The register interest system may provide a web page for registering an interest in real estate property. The register interest system may allow a potential buyer to identify a house by its street address, by selecting the lot on which the house resides from a map, and so on. The register interest system maintains a mapping of the houses to the potential buyers that have registered an interest in those houses. The register interest system may also collect information from the potential buyers so that it can assess whether a potential buyer has the financial capability to buy the house. This assessment may be similar to the prequalification of potential buyers performed by lending institutions when a potential buyer first starts to look for a house. The register interest system may require a potential buyer to agree to registration terms before their interest is registered. For example, the register interest service may require a potential buyer to pay a certain fee such as a fixed fee at the time of registration or a percentage of the purchase price of the house, which may be taken out of the buyers' agent's commission. The register interest system may periodically (or when the owner is about to be notified of the interest) prompt a potential buyer to confirm their continued interest in a house to ensure that their interest is current. Such confirmation may require the potential buyer to pay a continued interest fee to ensure their continued interest. When a sufficient interest in a house has been registered, then the register interest system notifies the owner of the house that potential buyers have registered an interest in the house. For example, the register interest system may notify the owner when a certain number of potential buyers have registered an interest, when a potential buyer has had an interest registered in the house for a certain period, when a comparable house in the same neighborhood is placed on the market or sold, and so on. The register interest system may notify the owner electronically (e.g., assuming that the electronic mail address of the owner is available), may direct that a telephone call be placed to the owner, may direct that a letter be sent to the owner, and so on. The notification may indicate the number of potential buyers that have registered an interest along with an indication of whether it is known that the potential buyers have the financial capability to buy the house. An owner who would not be interested in selling their house if approached by a single potential buyer might be willing to sell their house upon learning that there are many potential buyers. The register interest system may require that the owner agree to terms of the register interest service before the owner is provided any details concerning the registered interest in their house. For example, the registered interest service may require the owner to pay a fee at the time of notification of the number of or names and contact information of the potential buyers who have registered an interest in the owner's house. As another example, the register interest service may require the owner to pay a certain percentage of the actual purchase price of the house when it is sold to one of the potential buyers identified to the owner by the register interest system which may be taken out of the buyer's agent commission or which may be paid by the seller or buyer when no agent is involved in the sale (i.e., contingent fees). When the owner agrees to the terms, then the register interest system identifies one of more of the potential buyers to the owner. The owner and the potential buyer can then negotiate the sale of the house.

In one embodiment, an owner upon receiving notification that potential buyers are interested in buying the owner's house may register with the register interest service. During the registration process, the owner may indicate a price for which the owner would be willing to sell their house. The register interest system can then notify the potential buyers who have a registered interest in the house of the price. A potential buyer could then indicate that they are willing to start negotiating the sale of the house with knowledge of the owner's price.

In one embodiment, the register interest system may provide the contact information of potential buyers to an owner based on a buyer preference criterion. For example, as an incentive for potential buyers to register their interest in houses, the register interest service may have a policy that the first potential buyer to register an interest in the house will be identified to the owner before any other potential buyers are identified. The register interest system may provide a window of opportunity (e.g., seven days) for the potential buyer and owner to agree to terms of the sale of the house. If the potential buyer and the owner do not agree to terms of the sale of the house within that window, then the register interest system can put the owner in contact with the other potential buyers. The register interest system may also base potential buyer preferences on a preference fee paid by a potential buyer. Only potential buyers who are truly interested in buying a house might be willing to pay the preference fee to receive the benefit of the preference. The register interest service may also provide additional information about the potential buyers to the owner with permission of the potential buyers. For example, the register interest system may identify the employer of the potential buyer, indicate whether an offer by the potential buyer would be contingent on the sale of the potential buyer's house, and so on.

In one embodiment, the register interest system may use the registered interest in houses to identify top houses in a neighborhood and to predict a purchase price for a house. Potential buyers may typically register an interest in houses that they find desirable (e.g., because of location, street appeal, number of rooms, and anticipated purchase price). Thus, houses in which a large number of potential buyers have registered an interest may be more likely desirable to potential buyers. The register interest system can use this registration information to identify the most desirable houses in a neighborhood, the most desirable neighborhoods in a city, and so on. In addition, the register interest system may use the registered interest in predicting an actual purchase price for house. The register interest system may assume that a house in which many potential buyers are interested may command a higher purchase price than if no potential buyers register an interest.

In one embodiment, the register interest system may use the registered interest information to help identify comparable houses. A potential buyer who has registered an interest in a house may also want to register an interest in comparable houses. A traditional technique for determining comparable houses might factor in lot size, number of rooms, age of house, location, view, and so on. Such factors are, however, generally objective. A potential buyer who registers interests in multiple houses may do so because the potential buyer believes that the houses are in some way comparable (e.g., similar street appeal or lowest-priced house in a neighborhood). Thus, when a potential buyer registers an interest in the house, the register interest system may identify the other potential buyers who registered an interest in that house and indicate that the other houses in which the potential buyers registered an interest may be comparable. For example, the register interest system may notify a potential buyer that “others who registered an interest in this house also registered an interest in the following houses:.” The register interest system may use a combination of traditional techniques and the registered interest information to determine comparable houses that may provide a more accurate assessment of truly comparable houses. For example, if a potential buyer has registered an interest in a six-bedroom house, but the registered interest information indicates that a seven-bedroom, a five-bedroom, and a two-bedroom house may be comparable, then the register interest system may disregard the two-bedroom house because it is outside the traditional technique for determining comparable houses. Similarly, the register interest system may indicate that the seven-bedroom house is more comparable than the five-bedroom house based on the registered interest information. The register interest system may provide a score indicating how comparable a house may be and rank the houses based on their scores.

In one embodiment, the register interest system might use the registered interest information to identify comparable houses that are currently for sale and notify the potential buyer of such houses for a fee. The register interest system may use a combination of traditional techniques and the registered interest information to determine comparable houses that may provide a more accurate assessment of truly comparable houses. For example, the registered interest system may look at historical registered interest information for the house that is for sale to identify the potential buyers who registered an interest in the house and then identify the other houses that those potential buyers also registered an interest.

In one embodiment, the register interest system may make some information on the registration of houses publicly available. The system could compile and publish information on the number of potential buyers who had registered interest in any particular house over time as an indication of the marketability of the house. This indirect information on marketability might influence the behavior of both potential buyers and the owners.

FIG. 1 is a display page that allows a potential buyer to select various options of the register interest system in one embodiment. A display page 100 is presented to a potential buyer who has an account with the register interest service. An account may be established by the potential buyer providing information such as their electronic mail address, postal address, name, telephone number, financial information, and so on. The register interest system may provide a user identifier and password so that the potential buyer can be authenticated when logging on to the register interest system. The display page includes a register your interest option 101, a view houses of registered interest option 102, a search for house option 103, and a prequalification option 104. The user selects one of the options and then selects the submit button 105 to perform the selected option. The register your interest option allows a potential buyer to register their interest in any specific house. The view houses of registered interest option allows a potential buyer to view and edit their registered interest in houses. A potential buyer may want to edit their interest, for example, to add comments, to offer a minimum price, or to unregister their interest. The search for house option allows a potential buyer to search for houses that satisfy various criteria. For example, a potential buyer may want to search for all four-bedroom houses within a certain neighborhood to help narrow down houses of interest. The prequalification option allows a potential buyer to provide their financial information so that the register interest system can assess whether the potential buyer has the financial capability to buy certain houses.

FIG. 2 is a display page that allows a potential buyer to identify a house of interest in one embodiment. A display page 200 includes an address area 201, a search for house by map checkbox 202, and a search for house by criteria checkbox 203. If the potential buyer knows the address of the house of interest, then the potential buyer can input the address in the address area and then select the submit button 204. If the potential buyer is unsure of the address, then the potential buyer can select to either search for the house by map or by criteria by selecting the appropriate checkbox and then the submit button. The search for house by map option allows the potential buyer to view a map of an area and zoom in to a particular property that may be of interest. The register interest system may display information about a selected property, such as lot size, age of house, last sale price, number of bedrooms, and so on. The register interest system identifies the address of the selected property and provides an opportunity for the potential buyer to register an interest in the selected property. The search for house by criteria option allows the potential buyer to enter various criteria of a house such as number of bedrooms and lot size and searches for houses that match those criteria. The potential buyer can then register an interest in one or more houses that match their criteria. The register interest system may also allow a potential buyer to register an interest in houses in an area that meet certain criteria. The area may be designated by neighborhood name, zip code, school district, rectangle on a map, intersection name, and so on. The system may automatically identify houses within the area that meet the criteria and register the potential buyer's interest in each house. Alternatively, the system may store the area information and periodically determine whether other potential buyers have registered an interest in houses in the same area or an area that overlaps in some way. The system can then determine if a house in the common area matches the criteria of multiple potential buyers and can notify the owner of the interest.

FIG. 3 is a display page that allows the potential buyer to register their interest in a house in one embodiment. A display page 300 includes an address confirmation area 301, a terms area 302, an accept button 303, and a reject button 304. The register interest system displays the display page when a potential buyer wants to register an interest in a house. The address confirmation area displays the address of the house, which may have been identified by the potential buyer by entry of the address, search using a map, and so on. The terms area outlines the terms under which the potential buyer's interest in the house will be registered by the register interest system. The potential buyer can select either the accept button or the reject button to accept or reject the terms. The register interest service may send a letter via regular post to the home address of the potential buyer providing a confirmation code of the registration. The letter may direct the potential buyer to enter the confirmation code at the register interest service's web site within a certain time and/or make an online payment to the register interest system. If the potential buyer does not enter the confirmation code or make the payment, then the register interest service may unregister the potential buyer's interest in that house. Such confirmation may help confirm that the potential buyer has a serious interest in the house. Also, the system can use the knowledge of the potential buyer's home address to help determine whether the potential buyer is qualified to purchase the house. For example, the system may access public records to determine who owns the house and the house's assessed value.

FIG. 4 is a display page that allows a potential buyer to view the list of houses in which the potential buyer has registered an interest in one embodiment. A display page 400 includes a link 401-402 for each house in which the potential buyer has registered an interest. A link may identify a house by a street address. The potential buyer may review more detailed information about the house by selecting a link. The register interest system may also display a map that highlights the houses in which the potential buyer has registered an interest. When the user selected a highlighted house on the map, the register interest system displays more detailed information about the house.

FIG. 5 is a display page that allows a potential buyer to view more detailed information about a house in which the potential buyer has registered an interest in one embodiment. The display page 500 includes an address area 501, a comments area 502, a price analysis area 503, a registered interests area 504, a view map button 505, and a view photo button 506. The address area contains the address of the house in which the potential buyer has registered an interest. The potential buyer can enter information in the comments area to help track their interest in the house. For example, the potential buyer may add a comment that the house has an extra large garage or a great view of a mountain range. The register interest system may analyze recent sale prices of houses that are determined to be comparable and display their price range in the price analysis area. The registered interests area may indicate the number of other potential buyers who have registered an interest in the house. The potential buyer can select the view map button to view a map of the area in which the house is located. The potential buyer can select the view photo button to view a photograph of the house. The photograph of the house may have been uploaded by the owner of the house or may have been taken by and uploaded by the register interest service. The potential buyer selects an update comments buttons 507 to update the comments. The potential buyer selects an unregister my interest button 508 to unregister their interest in the house. The display page may also include a button 510 to show houses in which others who registered interest in this house also registered an interest. Thus, the system is able to recommend houses that may be of interest to the potential buyer by correlating his own registered interests with the registered interests of other potential buyers. This recommendation could be further qualified by other factors such as the location of the homes (e.g., restricted to a particular neighborhood) in which the potential buyer has registered an interest.

FIG. 6 is a display page that illustrates an electronic mail message sent to an owner of a house in which one or more potential buyers have registered an interest in one embodiment. An electronic mail message 600 includes header information 601, an address confirmation area 602, a register interest link 603, and a telephone number 604. The header information identifies the recipient, sender, and subject of the electronic mail message. The address confirmation area includes the address of the house for which the owner is being notified of the registered interest. The register interest link is a link to a web page of the register interest service. When the owner selects the link, the register interest system provides a web page that may explain the register interest service and allow the owner to create an account with the register interest service. The owner may call the telephone number to obtain information about the register interest service, rather than accessing the web page. Alternatively, the register interest service may send a letter via regular post to a house address that contains similar information to the electronic mail message. The register interest service may identify the owner of the house using available data sources such as online databases provided by various governmental entities (e.g., county tax records).

FIG. 7 is a display page that allows an owner to register their house with the register interest system in one embodiment. After an owner establishes an account with the register interest service, the owner may wish to register their house so that the register interest system can more easily notify the owner when potential buyers have registered an interest in their house. Even though an owner is not currently interested in offering their house for sale, by registering their interest an owner may be indicating that they would entertain selling their house if the price was right. A display page 700 includes an address area 701, an alert checkbox 702, an add detailed information button 703, and a submit button 704. The owner of the house enters the address of the house in the address area. The owner may select the alert check box to indicate that the owner wants to receive electronic mail alerts when a potential buyer has registered an interest in their house. The owner selects the add detailed information button to provide more detailed information about their house. For example, the owner may upload a photograph of the house, provide comments on the interior of the house, and so on. The owner selects a submit button to register their house with the register interest system.

FIG. 8 is a display page provided to an owner when the owner visits the register interest system after being notified of potential buyers' interest in one embodiment. A display page 800 provides instructions on how the owner can learn the identity of the potential buyers. The register interest system may require the owner to establish an account with the register interest service and agree to various terms (e.g., fee and confidentiality) before being provided with the identification of the potential buyers.

FIG. 9 is a block diagram that illustrates components of the register interest system in one embodiment. The register interest system 910 is connected to various user computer systems 920 and various data sources 930 through a communications link 940. The register interest system includes a web engine 911, a register interest in house component 912, a register house component 913, a collect data component 914, and a GPS/phone interface component 915. The register interest system also includes a registered interest store 916, a house store 917, and a user store 918. The web engine receives requests for web pages, invokes the register interest in house component or the register house component to generate the responsive web pages, and responds with the web pages. The register interest in house component provides the web pages through which a potential buyer can register their interest in a specific house. The register house component provides the web pages through which the owner of a house can register their house with the register interest system. The collect data component collects information from various data sources and stores it in the data stores of the register interest system. For example, the collect data component may retrieve map information, tax information, ownership information, sales history, house descriptions, and so on from a data source. The GPS/phone interface component provides an interface through which potential buyers can register an interest in a house using a telephone. For example, if a cellular phone is GPS-enabled, then a potential buyer standing in front of a house of interest may call the register interest system. The register interest system can use the incoming call number to identify the potential buyer (assuming the potential buyer has previously established an account with the register interest service). The cellular phone can then upload the coordinates provided by the GPS system to the register interest system, and the register interest system can locate the house using information of the house store. The register interest system can then respond by enunciating the address of the house and prompt the potential buyer to confirm the registering of their interest in that house. In some embodiments, the register interest system can respond with a text or multimedia message to the phone (e.g., an SMS) or another predetermined destination (such as the potential buyer's email account). The house store contains an entry for each house in which a potential buyer has registered an interest. The house store may additionally contain an entry for each house in an area that is serviced by the register interest service. The user store contains an entry for each potential buyer and owner who has established an account with the register interest service. The registered interest store contains a mapping between potential buyers from the user store and houses from the house store in which the potential buyers have registered an interest.

The computing device on which the register interest system is implemented may include a central processing unit, memory, input devices (e.g., keyboard and pointing devices), output devices (e.g., display devices), and storage devices (e.g., disk drives). The memory and storage devices are computer-readable media that may contain instructions that implement the register interest system. In addition, the data structures and message structures may be stored or transmitted via a data transmission medium, such as a signal on a communications link. Various communication links may be used, such as the Internet, a local area network, a wide area network, a point-to-point dial-up connection, a cell phone network, and so on.

The register interest system may be described in the general context of computer-executable instructions, such as program modules, executed by one or more computers or other devices. Generally, program modules include routines, programs, objects, components, data structures, and so on that perform particular tasks or implement particular abstract data types. Typically, the functionality of the program modules may be combined or distributed as desired in various embodiments.

FIGS. 10-14 are flow diagrams that illustrate various functions that may be performed by some embodiments of the register interest system in one embodiment. FIG. 10 is a flow diagram that illustrates a component that allows an interest in a house to be registered via telephone in one embodiment. The component is passed the cellular telephone number that is currently placing a call to the register interest system. In block 1001, the component looks up the telephone number in the user store to identify the potential buyer. In decision block 1002, if the potential buyer is identified, then the component continues at block 1003, else the component continues at block 1008. In block 1003, the component retrieves the potential buyers entry from the user store. In block 1004, the component identifies the house from information provided via the telephone. That information may include the GPS coordinates, the potential buyer speaking the address of the house, or a photograph of the house that has been uploaded by the cellular phone. The component may use an image recognition system to identify the house from photographs of houses that are stored by the register interest system. In block 1005, the component responds to the potential buyer with the address of the identified house and requests the potential buyer to confirm the address. In decision block 1006, if the potential buyer confirms the address, then the component continues at block 1007, else the component continues at block 1008. In block 1007, the component registers the potential buyer's interest in the house and then completes. In block 1008, the component reports an error and then completes.

FIG. 11 is a flow diagram that illustrates a component that identifies comparable houses in one embodiment. The component is passed an indication of a house for which comparables are to be identified. In block 1101, the component identifies the potential buyers who have registered an interest in the house. In blocks 1102-1104, the component loops identifying the other houses in which the potential buyers have registered an interest. In block 1102, the component selects the next identified potential buyer. In decision block 1103, if all the identified potential buyers have already been selected, then the component continues at block 1105, else the component continues at block 1104. In block 1104, the component selects the houses in which the selected potential buyer has registered an interest. The component then loops to block 1102 to select the next identified potential buyer. In block 1105, the component determines the comparable houses using traditional techniques. In block 1106, the component adds the selected houses to the comparable houses determined by the traditional techniques. In block 1107, the component scores and ranks the comparable houses. The component may generate a score based on how well a comparable house matches the selected house using a traditional scoring technique (e.g., bedrooms, lot size, and age). The component may then adjust the scores based on the registered interest of the identified potential buyers. The component then completes.

FIG. 12 is a flow diagram that illustrates a component that identifies top houses in an area. The component is passed criteria (e.g., price range, bedrooms, and neighborhood) and identifies the top houses that match the criteria. In block 1201, the component identifies the houses that match the criteria. In blocks 1202-1204, the component loops identifying the potential buyers for the identified matching houses. In block 1202, the component selects the next matching house. In decision block 1203, if all the matching houses have already been selected, then the component continues at block 1205, else the component continues at block 1204. In block 1204, the component identifies the potential buyers who have registered an interest in the selected house and then loops to block 1202 to select the next matching house. In block 1205, the component rates the identified potential buyers. The rating may factor in potential buyers' financial capability to buy houses in which they have registered an interest, the number of houses in which a potential buyer has registered an interest (i.e., a potential buyer who has registered an interest in only one house may be rated higher than a potential buyer who has registered an interest in 10 houses). In block 1206, the component ranks the matching houses based on the rating of the identified potential buyers and how well the house matches the criteria. The component then completes.

FIG. 13 is a flow diagram that illustrates a component that notifies a potential buyer when a house in which they have registered an interest becomes available for sale in one embodiment. The component is passed an indication of the house. In block 1301, the component identifies the potential buyers who have registered an interest in the house. In blocks 1302-1304, the component loops generating a preference score for each identified potential buyer. The preference score may indicate the order and timing for providing the names of the potential buyers to the owner of the house. A potential buyer who has paid a fee for registering their interest or who was first to register an interest in the house may be given a first opportunity to negotiate with the owner. In block 1302, the component selects the next identified potential buyer. In decision block 1303, if all the identified potential buyers have already been selected, then the component continues at block 1305, else the component continues at block 1304. In block 1304, the component generates a preference score for the selected potential buyer and loops to block 1302 to select the next identified potential buyer. In block 1305, the component schedules the notification of the potential buyers to the owner based on their preferences. The component then completes.

FIG. 14 is a flow diagram that illustrates a component that rates potential buyers in one embodiment. The component is passed an indication of a potential buyer and generates a score indicating the likelihood that the potential buyer has a real interest in, and/or is financially capable of, buying a house. In block 1401, the component identifies the houses in which the potential buyer has registered an interest. In blocks 1403-1407, the component loops generating various scores for each house in which the potential buyer has registered an interest. In block 1402, the component selects the next house in which the potential buyer has registered an interest. In decision block 1403, if all the houses have already been selected, then the component continues at block 1408, else the component continues at block 1405. In block 1405, the component generates a score indicating the extent to which the potential buyer is qualified to buy the selected house. In block 1406, the component generates a score based on how recently the potential buyer has registered or confirmed their interest in the selected house. In block 1407, the component generates an interhouse similarity score that indicates how similar the selected house is to the other identified houses. If a potential buyer registers an interest in houses with very different characteristics, then the potential buyer may not be serious. The component then loops to block 1402 to select the next identified house. In block 1408, the component generates a score for the potential buyer that may factor in employment history, credit history, and so on. In block 1409, the component combines the generated scores to generate an overall score for the potential buyer. The component may use a weighting factor for each of the scores used to generate the overall score. The component then completes.

FIG. 15 illustrates a display page that allows a potential buyer to select a region and view information about the homes in that region. In some embodiments, a display page 1500 has a map 1510. The map can be a satellite-photo map, a traditional street map, or any other suitable type of map. The potential buyer can use the navigation arrows 1520 to display regions in which the potential buyer would like to purchase a house. The potential buyer can select any house on the map and obtain information on that house and the neighborhood (e.g., via a web page). If the map shows a house in which the buyer has registered interest, the map may also highlight other houses in which the potential buyer may be interested based on registration of other potential buyers who have also registered interest in the same house. The display page includes a button 1530 that will cause the system to display information about the homes in the map region that have attracted the most pre-listing interest. For example, when a user navigates the map to display a particular neighborhood, pressing button 1530 may cause icons representing the top ten homes that have accumulated the most pre-listing interest to be displayed on the map. When the potential buyer selects an icon, the system displays information (e.g., via a web page) about the home that the icon represents. After a potential buyer has selected a house on the map, the potential buyer can register their interest in the select house by selecting the register interest button 1540.

FIG. 16 is a block diagram of one embodiment of a system for implementing the register interest system. A service provider system 1610 provides display pages via the Internet 1630. Potential buyers via their computing devices 1640 can use the display pages to indicate interest in purchasing a house that is not currently for sale. The service provider system accesses databases 1620 to store and retrieve information about the potential purchaser, properties in which the potential purchaser has expressed interest, and other information of the register interest service. Potential sellers via their computing devices 1650 can use the display pages to investigate registered interest in their house. The service provider may also provide the potential buyer and the potential seller with referrals to real estate agents, brokers, lawyers, lenders, and inspectors, collectively who use their own computing devices 1660.

Potential buyers, and others, may also communicate with the service provider system by mobile communication devices 1680. Mobile devices may access the service provider via a mobile communication network 1670 and the Internet 1630. In one alternative, the potential buyer can access the service provider system via the mobile communication network and the public switched telephone network (not shown for clarity). For example, the potential buyer may notice a house that the potential buyer would like to purchase. As discussed previously, the potential buyer places a call or sends a text message to the service provider system to register their interest in purchasing the house. The service provider system can use the location of mobile device as further information to confirm identification of the house in which the potential buyer wants to register an interest.

From the foregoing, it will be appreciated that specific embodiments of the register interest system have been described herein for purposes of illustration, but that various modifications may be made without deviating from the spirit and scope of the invention. One skilled in the art will appreciate that the register interest system may be used to acquire various rights in assets. For example, if the asset is a painting, then the potential acquirer may want limited copyrights in the painting. As another example, if the asset is an office building, the potential acquirer may want to lease space in the building. When an owner registers their house, the owner may be provided with a sign with an identification number. A potential buyer upon seeing the sign can use the identification number to register their interest in the house, for example, using a cellular telephone. The register interest service may also coordinate pre-marketing open houses for owners who have registered their house. The register interest service may invite potential buyers to the open house who have registered an interest in a comparable house. The register interest service may sell its registration information to mortgage companies to help them assess the risk associated with a house. If a house has traditionally had many registered potential buyers, then the mortgage company may be comfortable in lending to a somewhat risky buyer because of the many potential buyers should the risky buyer default. The register interest system may allow owners to correct the information about their house. For example, government records may not show the correct house size, number of bedrooms, and so on. Accordingly, the invention is not limited except as by the appended claims.

Referenced by
Citing PatentFiling datePublication dateApplicantTitle
US7827069Aug 8, 2006Nov 2, 2010Second And Main LlcMethod and system for registering potential acquirers of vehicles that are not currently on the market
US8160932 *Jan 20, 2010Apr 17, 2012Taihei SHIIArtwork-trading system and artwork-trading program for trading artworks created by artist over network
US8239278 *Dec 8, 2009Aug 7, 2012Chris PohlMethod, medium, and system for sending notifications to property managers regarding vacancies
US8650091 *Apr 24, 2012Feb 11, 2014Rentvalet, LlcMethod, medium, and system for sending notifications to property managers regarding vacancies
US20090030718 *Sep 25, 2008Jan 29, 2009Rick Robert BengsonSystem and method for automatic acquisition and distribution of information in a real estate context
Classifications
U.S. Classification705/313, 705/316
International ClassificationG06Q40/00, G06Q99/00
Cooperative ClassificationG06Q40/04, G06Q40/08, G06Q50/167, G06Q50/16, G06Q30/0601, G06Q40/00
European ClassificationG06Q40/04, G06Q40/08, G06Q30/0601, G06Q50/16, G06Q50/167, G06Q40/00
Legal Events
DateCodeEventDescription
Aug 25, 2005ASAssignment
Owner name: SECOND AND MAIN LLC, WASHINGTON
Free format text: ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNORS:KING, MARTIN T.;HAPPEL, HENRY;GNUSCHKE, JERRY;AND OTHERS;REEL/FRAME:016933/0072;SIGNING DATES FROM 20050801 TO 20050802