18735558. SYSTEMS AND METHODS FOR GENERATING A HOME SCORE FOR A USER simplified abstract (STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY)
Contents
SYSTEMS AND METHODS FOR GENERATING A HOME SCORE FOR A USER
Organization Name
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Inventor(s)
Sharon Gibson of Apache Junction AZ (US)
Daniel Wilson of Phoenix AZ (US)
Phillip Michael Wilkowski of Gilbert AZ (US)
Jason Goldfarb of Bloomington IL (US)
Dustin Helland of Morton IL (US)
SYSTEMS AND METHODS FOR GENERATING A HOME SCORE FOR A USER - A simplified explanation of the abstract
This abstract first appeared for US patent application 18735558 titled 'SYSTEMS AND METHODS FOR GENERATING A HOME SCORE FOR A USER
The abstract describes a system and method for generating and displaying an overall home score for a property, including retrieving property attributes, determining home score factors, generating an overall home score, generating a neighborhood score, and displaying the scores and/or a map.
- The system and method involve retrieving property attributes to determine factors that contribute to an overall home score.
- The overall home score is generated based on these factors, providing a comprehensive evaluation of the property.
- Additionally, a neighborhood score is generated to give context to the property's location and surroundings.
- The scores, along with a map, are displayed to provide a clear and informative overview of the property's quality and neighborhood desirability.
- This innovation aims to streamline the process of evaluating properties and neighborhoods for potential buyers or renters.
Potential Applications: - Real estate industry for property evaluation - Rental market for assessing rental properties - Homebuyers looking for comprehensive property information
Problems Solved: - Simplifies the process of evaluating properties - Provides a comprehensive overview of a property's quality and neighborhood desirability
Benefits: - Helps buyers and renters make informed decisions - Saves time and effort in property evaluation - Enhances transparency in the real estate market
Commercial Applications: "Property Evaluation System: Enhancing Decision-Making in Real Estate"
Questions about the technology: 1. How does this system determine the factors that contribute to the overall home score? 2. What are the key differences between the overall home score and the neighborhood score?
Original Abstract Submitted
Systems and methods are described for generating and/or displaying an overall home score for a property. The method may include: retrieving one or more attributes of a property; determining one or more home score factors from the attributes; generating an overall home score; generating a neighborhood score; and displaying the overall home score, the neighborhood score and/or a map.
