Personalized Real Estate Feed System for Event Tracking
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Real estate transactions involve numerous parties and events, making it difficult for buyers and sellers to keep track of details, with relevant information often not publicly available and multiple listing service listings not accessible to third parties, leading to potential misses of important events and deadlines.
Innovation Solution
A personalized feed system that tailors real estate information to individual users based on their preferences, providing a unified, time-oriented feed of relevant events, including new listings, sales, offers, and transaction progress, using a combination of user profiles, event detection, and data storage to deliver personalized and interactive feeds.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If traditional real estate information systems are used, then information is available from multiple sources, but it is difficult for users to keep track of relevant events and details
Solution Approach 1:
The patent merges multiple real estate information sources (MLS listings, public records, user notifications) into a single unified feed that consolidates all relevant events, prices, and deadlines in one place, eliminating the need for users to track multiple separate sources
Solution Approach 2:
The information feed is segmented and personalized based on user roles (buyer, seller, agent) and specific interests, delivering only the relevant subset of real estate events to each user rather than overwhelming them with all possible information
2Loss of information
If Multiple Listing Service listings are kept private, then broker information is protected, but third parties cannot access relevant real estate data
Solution Approach 1:
The system applies different access levels to different types of information: publicly available data is fully accessible, broker-specific data is accessible only to authorized users, and sensitive negotiation data remains private, allowing third-party access where appropriate while maintaining necessary protections
3Reliability
If comprehensive real estate tracking is implemented, then all events are monitored, but users are overwhelmed by the volume of information
Solution Approach 1:
The feed provides different levels of detail and aggregation based on user needs, highlighting critical events (offers, deadlines) with prominent formatting while grouping less critical updates, allowing users to quickly identify important information without being overwhelmed by comprehensive data
Data Source
AI summary
A personalized feed system is described herein that provides feeds that are tailored to the preferences of each user of a real estate website or application. A user signs up to receive a stored profile with the website, and the profile includes information such as what geographical regions the buyer is interested in, what types of homes the buyer is looking for, and so on. The personalized feed system uses this information to provide a feed specific to the buyer that notifies the buyer of listings that are of particular relevance to that buyer. The personalized feed system summarizes other real estate events that are relevant to the user in a single time-oriented feed. Buyers receive information about new and/or modified listings, sales, outstanding offers, status of a transaction, and the like, while sellers receive information about sales, new and/or modified listings, open offers, and so on.