Claims:We claim:
1. A smart real estate rental system comprising :
i. A portal for collecting, storing and analyzing owner details and property details;
ii. A property appraisal platform;
iii. Automated property data manager;
iv. AI based search engine;
v. Funding Assistant.
wherein, the property appraisal platform and AI based search engine are based on artificial intelligence and machine learning.
2. The system as claimed in claim 1 wherein, the portal for collecting and analyzing the buyer and owner details includes the collection of basic details of each buyer by logging into the said portal which is stored in the said portals database for analysis.
3. The property appraisal platform as claimed in claim 1 wherein, it uses artificial intelligence to identify the factors affecting the price in particular locality and assigns a price range for the owner.
4. The automated property data manager as claimed in claim 1 wherein, it collects and stores details of property ownership, legal paper details and zonal regulations.
5. The property search engine as claimed in claim 1 wherein, it uses the said artificial intelligence algorithm to identify particular house type based on the image recognition and suggest similar houses based on the image selection.
6. The funding assistant as claimed in claim 1 wherein, it includes latest details of loans and other funding possibilities, their rates and relevant details along with an EMI calculator for each type of option availed.
, Description:FIELD OF THE INVENTION:
The present invention relates to a real estate includes buying, selling or renting land building or housing through realtors, property managers, real estate agents, and brokers. Real estate that is used to generate profits or income by renting more than five housing units and generates rental income for the owner is called Commercial Real Estate.
BACKGROUND OF THE INVENTION:
Commercial real estate is seen for buildings containing offices, retail showrooms, or factories. While residential real estate contains single family homes and buildings which are not for business purposes. However, real estate industry plays a prime role in any country as it is the key diver of economic growth. There are real estate agents who aid investors to buy and sell properties. But with the advancement in technology such as artificial intelligence and Machine learning, real estate industry has simply witnessed rapid growth in recent times. With the help of Artificial Intelligence, data about buyers, sellers, their finances and preferences, are dealt in an easy, valuable and simple manner .This invention relates to a smart real estate rental system using artificial intelligence technology.
Often we find that the real estate agents talk with clients to find out what kind of property they want and what they are willing to sell or pay, and any specific amenities they are seeking. Though the real estate agents help customers to buy /sell property, it is time consuming and complex process. It is time consuming and costly. However with the onset of technological advancement in real estate industry, data about buyers/sellers is readily available to the customers at their fingertips. Especially Artificial Intelligent technologies are modified in such a way that they are able to adapt based on the information they receive from various sources as well as the information that are available on interaction with different people. Thus Artificial Intelligence are adapted in such a way that they are able to learn from experience ,thus resulting in an error free and simple manner .In US5361201A-Real estate appraisal using predictive modeling. It generates estimates of real estate value using a predictive model such as neural network. Our present Invention relates to a smart real estate rental system using artificial intelligence technology.
OBJECTS OF THE INVENTION:
Our present invention is a smart real estate rental system which helps the clients and assists their requirements in a quick and easy manner. A smart real estate rental system has a web portal for collecting, storing and analyzing the buyer details and property details which includes the collection of basic details of buyer by logging into the system. Once the details are entered, there is a property appraisal platform which helps to identify the various factors affecting the price in particular locality and assigns a price range for the buyer using artificial intelligence. The automated property data manager then collects and stores the details of property ownership, legal paper details and zonal regulations. All legal implications with regard to the property are stored in the automated data manager. There is a search engine which identifies suitable property according to the client interests based on the images displayed using artificial intelligence .There is also a funding database which details out on various loans available and other funding opportunities in a cost effective manner.
SUMMARY OF THE INVENTION:
A smart real estate has a web portal for collecting, storing and analyzing the buyer details and property details which includes the collection of basic details of buyer by logging into the system. Once the details are entered, there is a property appraisal platform which helps to identify the various factors affecting the price in particular locality and assigns a price range for the buyer using artificial intelligence. The automated property data manager then collects and stores the details of property ownership, legal paper details and zonal regulations. All legal implications with regard to the property are stored in the automated data manager. There is a search engine which identifies suitable property according to the client interests based on the images displayed using artificial intelligence. There is also a funding assistant which details out on various loans available and other funding opportunities in a cost-effective manner.
DETAILED DESCRIPTION OF THE INVENTION
The invention relates to a smart real estate rental system which helps to improve home search for clients in a faster, cheaper and cost effective manner. According to the requirement of the client, a smart real estate rental system assists and improves the buying process thereby trimming down the manual data entry and errors which are involved in a real estate rental industry. A smart real estate rental system has a web portal for collecting, storing and analyzing the owner details and property details which includes the collection of basic details of owner by logging into the system. Once the details are entered, there is a property appraisal platform which helps to identify the various factors affecting the price in particular locality and assigns a price range for the buyer using artificial intelligence. The automated property data manager then collects and stores the details of property ownership, legal paper details and zonal regulations. All legal implications with regard to the property are stored in the automated data manager. There is a search engine which identifies suitable property according to the client interests based on the images displayed using artificial intelligence .There is also a funding database which details out on various loans available and other funding opportunities in a cost effective manner.
A smart real estate rental system has a web portal for collecting, storing and analyzing the owner details and property details which includes the collection of basic details of buyer by logging into the system. Once the details are entered, there is a property appraisal platform which helps to identify the various factors affecting the price in particular locality and assigns a price range for the buyer using artificial intelligence. The automated property data manager then collects and stores the details of property ownership, legal paper details and zonal regulations. All legal implications with regard to the property are stored in the automated data manager. There is a search engine which identifies suitable property according to the client interests based on the images recognition using artificial intelligence .There is also a funding assistant which details out on various loans available and other funding opportunities in a cost effective manner. The following are the key units available in a smart real estate rental system.
1. Data management of property sale: Database of legal papers relating to ownership, sales details, zonal regulations etc.
2. Funding assistant: Includes latest details of loans and other funding possibilities, their rates and relevant details. Along with an EMI calculator for each type of option.
3. Automatic pricing ability: Seller can input the location and other details requested about the property and based on the various pricing factors AI will be able to advise on the price range for the property.
4. AI based search engine which draws data in a unified manner based on image recognition