Automated Real Estate Order Matching for Transparent Price Discovery
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Solution Overview
Problem
The real estate market lacks a unified central exchange for accurate and objective valuation, making it difficult to systematically collect information and capture real-time prices, and is hindered by the need for face-to-face negotiations with certified agents, which complicates the trading process.
Innovation Solution
A real estate automatic trading device and method that includes a sell order receiving unit, order price receiving unit, and order execution unit to facilitate direct trading between sellers and buyers through transparent procedures, using various execution rules to determine counterparty and price based on bid and ask prices.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If a unified central exchange system is introduced for real estate trading, then information collection and price capture become systematic and real-time, but the device complexity and system infrastructure requirements increase
Solution Approach 1:
The patent creates a multi-functional trading system that serves multiple purposes: it acts as a centralized exchange for real estate transactions, a price discovery mechanism, an information aggregation platform, and a matching engine for buyers and sellers. This universal system consolidates multiple functions into one platform, improving information collection efficiency while managing complexity through functional integration rather than separate systems
Solution Approach 2:
The patent introduces a centralized trading system that acts as an intermediary between buyers, sellers, and real estate agents. This intermediary platform systematically collects and manages real estate information, prices, and transaction data, reducing information loss and improving market transparency without requiring direct complex interactions between all market participants
2Ease of operation
If face-to-face negotiations with certified agents are required, then personal service and negotiation flexibility are maintained, but the trading process becomes complicated and time-consuming
Solution Approach 1:
The patent implements a self-service trading platform where buyers and sellers can independently input their requirements, view matching properties, and execute transactions without mandatory face-to-face negotiations with agents. The system automatically matches buyers with suitable properties based on their criteria, and facilitates direct transactions, significantly reducing the time and complexity of the trading process while maintaining ease of operation
Solution Approach 2:
The patent extracts the essential negotiation and matching functions from the traditional agent-mediated face-to-face process and transfers them to an automated digital platform. By taking out the time-consuming physical negotiation element and replacing it with automated matching algorithms and online communication tools, the system simplifies the trading procedure while reducing time loss
3Productivity
If automated order execution is implemented, then trading efficiency and transparency are improved, but the extent of automation increases system complexity
Solution Approach 1:
The patent implements automated order execution by changing the operational parameters of the trading system from manual processing to algorithm-driven automatic matching and execution. The system uses predefined parameters such as price thresholds, property criteria, and buyer requirements to automatically match orders and execute transactions, improving productivity while managing automation complexity through parameter-based control rather than complex procedural automation
Solution Approach 2:
The patent incorporates feedback mechanisms where the automated system continuously monitors market conditions, order status, and transaction outcomes, and uses this feedback to adjust matching algorithms and execution parameters in real-time. This feedback loop enables the automated execution system to adapt to changing market conditions while maintaining transparency and improving transaction efficiency without requiring excessive system complexity
Data Source
AI summary
There is provided a real estate automatic trading device including a sell order receiving unit configured to receive a sell order for a target real estate including a selection of one of order execution rules of the target real estate from a seller terminal, an order price receiving unit configured to receive a plurality of ask prices from a plurality of sale proposal terminals for the target real estate according to the selected order execution rule, receive a plurality of bid prices from a plurality of buyer terminals, and store the plurality of ask prices and the plurality of bid prices as an order price for the target real estate, and an order execution unit configured to generate order execution information including an order execution counterparty and an order execution price for the target real estate based on the plurality of ask prices and the plurality of bid prices.