Many MLSs are part of the Zillow Partnership Platform (ZPP), which was created by a direct relationship between Zillow and the originators (brokers) or keepers (MLSs) of the listing information. Fizber.com, 8. How to Successfully Advertise a Listing on Zillow in 10 Steps. 57% of buyers with a mortgage said one of their top concerns was misunderstanding the mortgage process. FSBO Websites: Check out Americas Best For Sale By Owner (FSBO) Websites in 2023. Houzeo is the most advanced FSBO platform bringing tools to users that only real estate agents can access! You cant trust Zillow and its estimates. Update November 2nd, 7:15PM ET: Added information about Zillow ending its Offers program. Well look at some Zillow reviews in this section. The tools enable clients to access various services through the online platform. Now, according to Bloomberg, Zillow is looking to offload around 7,000 of the homes it bought. "Surely they'll realize how overpriced this is and drop it. Focus more on the number of showings per week as those are your serious buyers. ", Home Appraisals Inc. "How Accurate Are the Appraised Values of Zillow and Trulia?". Because of this, Zillow isnt exactly shouting from the rooftops about their new program. Users look at an average of 16.33 pages per visit. Homebuyers searching on the Redfin.com site or mobile app can favorite a home by clicking the heart on the listing. Zillow tries to achieve a safe platform. When you list a rental on Zillow, your property is syndicated to three different sites (Zillow, Trulia, and HotPads). As your house sits longer on the market, the intial flurry of views/saves will dwindle. 95% of people interested in buying a home research the process online first. You enjoy immense control over how you portray your house, how you deal with buyers agents, and which offers you accept. There is no way to call Zillow for customer service. All Rights Reserved, By submitting your email, you agree to our. Scroll down to "How Accurate Is the Zestimate? The combination has resulted in an unusually high ratio of real-estate agents to homes for sale. Both Zillow and Trulia rely on sophisticated algorithms to estimate the price of real estate properties, based on location, size, neighborhood data, and the recent sales of nearby properties. This section includes the number of days on the site, how many views the property has had, and how many times other users have saved it. Sellers accepted in 3 hours. Additionally, the site can help you list a rental on Zillow at the right price with their Rent Zestimate tool. How long does it take to get a certificate of good conduct in Malaysia? mortgages I did reply to the response and asked them again if they could accommodate Spanish-speaking applicants. For example, Zillow does not offer reporting and accounting tools, nor any method for landlords and tenants to communicate and submit maintenance requests. With over a hundred million monthly online visitors, and a great number of real estate professionals and tools they can offer, listing your home on Zillow can be a good start. Get your listing on realtor.com by using their landlord portal avail.co Its all free and realtor.com has a ton more rental listings than zillow. Now the company is reportedly selling off roughly 7,000 homes, looking to claw WebRecommended. When youre done, click Post For Sale By Owner and submit your listing for Zillows review. The site also provides a Zestimate forecast, which predicts what the price of the home will be after one year. Check out your Owner Dashboard by entering your address here. You will not be charged for properties in your account that are not actively listed for rent. As you might think, the more views and saves in the first week, the faster and Your email address will not be published. WebGeneral Landlording & Rental Properties. If you fill your rental or wish to remove your listing, you will not receive a refund. Sometimes it shows properties that appear to be for sale, but are not. to put in a contract for purchase. Then someone will come in here and say "My house has 1,700 views and no offers!" Do not sell your home to Zillow, Opendoor, or other companies that claim to make it easier to sell your home! More than 135 million properties are listed on the site as of the first quarter of 2022, including those that are not currently on the market. On the left side, you'll see a map of all available properties in your search area that fit the criteria selected. TenantCloud vs Zillow Rental Manager: Which is Better for Landlords? We make the lives of landlords, tenants and real estate investors easier by giving them the knowledge and resources they care most about. Advertise your property, find and screen tenants, sign leases, collect rent, and e-sign custom local leases, with tools built specifically for DIY landlords. 80 million homes on Zillow have been updated by users. Based in Seattle, the company was formed by two former Microsoft executives, Rich Barton, and Lloyd Frink. A comparative market analysis (CMA) estimates a home's price based on recently sold comparable homes. Scams are always part of either online or offline businesses. Also, if you forward a listing on Zillow to someone else, it automatically saves it (mobile app). Most agents are uneducated/inexperienced. How Accurate Are Redfin and Zillow Home Value Estimates? Yes, most of Zillow's tools and online listing are free for FSBO home sellers. Youre definitely right about lack of inventory. Zillow is more international than Trulia, listing homes in several Canadian cities as well as the United States. I save stuff all the time just to see if it sells and at what price. All rights reserved. In my market, 10% save rate is about what it takes for a house to get an offer in 1-2 weeks. Or terrible homes with awful decor I make fun of and send to friends to mock. Listing your house on Zillow for sale by owner (FSBO) can be a great way to get your home in front of potential buyers, but you should know what youre getting yourself into. 51.0% of Zillows workforce is male, while leadership and management positions are 63.0% male. It also announced that it would be laying off about a quarter of its employees, and said that it had underestimated how unpredictable the housing market is. Some landlords consider it the best rental listing site for those reasons, though there are several alternatives to Zillow with their own unique offerings that garner the attention of both landlords and tenants alike. If you checked your Zestimate during a hot sellers market, then checked it again when the market turned cool, then your home value may have taken a hit. The result would be handling each aspect of property management using one of your favored products individually sort of the best of all worlds. Bottom-line: Should You List Your Home FSBO on Zillow? A "Contact" button allows you to connect instantly to the realtor or person responsible for the listing by sending a message. house Getty Images. 4. Zillows decision to pause its home-buying efforts raised red flags with some analysts. 15% of buyers with a mortgage use an online financer like Zillow Home Loans. However, there have been some negative reviews and complaints of poor customer service at Zillow. It contains 4 bedrooms and 5 bathrooms. homebuying The houses look like crap from the exterior but inside hundreds of thousands of interior design, super huge televisions and so much more. Alternatively, some landlords might consider off-loading some time-consuming property management tasks like this. I have also listed my own business on Zillow. The company now operates in most U.S. states and advertises that it has helped consumers save $300 million. Many live in bad neighborhoods. Does Zillow use an MLS for its listings? Multiple Listing Service (MLS): Definition, Benefits, and Fees, What Is an Automated Valuation Model (AVM)? Zillow Rental Manager has recently changed their pricing fees to list a rental. These listings can also automatically syndicate to Zillow, Trulia and Hotpads. Statistics indicate that Zillow Group continues to build revenue despite financial declines and downsizing, with a 128.13% average annual increase in revenue since 2017. But listing it on MLS could give you more chances to sell it with fair market value. Required fields are marked *. You can also stay updated on trends and research in the real estate and housing market through Zillow's research tab. Selling to an iBuyer has certain significant drawbacks. Or you can try Houzeos MLS Listing on selling your house as FSBO. RED DOT This home is currently FOR SALE. ", Zillow. Users view 157 homes per second on Zillow mobile apps. These include white papers, government data, original reporting, and interviews with industry experts. The total number of Views and Saves displayed on an active listing includes the number of views and saves for the homes last 30 days on the market. 2 million real estate professionals have listings on Zillow. With a Flat-Fee MLS entry-only listing, you are essentially your own agent. A report from Vox cites research that investors only made up about 20 percent of the home-buying market in 2020, and Zillow says that it and its competitors made up around 1 percent of the housing market in Q2 2021. While Zillow Rental Manager does offer tenant screening, rent collection and some lease signing tools, they do not yet have some of the common property management tools as other property management software. Our growth is the result of our customer service. Most homes listed on Zillows website come directly from the multiple listing service (MLS), a database where local realtors advertise the properties theyre selling. Is Shining resonance refrain a good game? Active listings will show a Time on Zillow counter, as well as the number of Views Home values on Zillow don't come close to the accuracy you'll find from speaking to professionals. The Multiple Listing Service (MLS) is an online regional database of homes for sale. Homeowners and real estate professionals use Zillow to evaluate and advertise homes. , 3 MJs Home Court. If you want to sell your home as an owner without any hassle and worries about the paperwork, you should consider listing your home on Houzeo. For many landlords the right property management software can help you efficiently run your small business. The market cap decreased by 25.96% from July 2019 to September 2022. This follows another Bloomberg report that the real estate browsing website had to stop buying houses when it found itself with excess inventory after the company told investors it planned on ramping up its flipping business. Zestimates are not accurate. Buyers agents are always looking for homes with a competitive commission fee. She has been an investor, entrepreneur, and advisor for more than 25 years. Many Zillow reviews complained that FSBO sellers couldnt avail of customer support service. 51% of home buyers find their home online. Once you click on a particular listing, the key informationprice, address, number of bedrooms and bathrooms, square footageis listed on the top, along with an estimate of the monthly mortgage payment. Along the left-hand side, you can scroll through photos of the property, and click to enlarge any you find interesting. Real Estate Housing Market: Will the Housing Market Crash? Active listings will show a Time on Zillow counter, as well as the number of Views and Saves for a property. Trulia claims its 34 neighborhood map overlays give consumers more insight into what it's like to live in a home and the neighborhood. Although Zillow and Trulia have the same corporate owner, there is some difference in the interface for both websites. Then I wonder if it was posted on one of these sites because of the bad photos, that one photo with the sex toy on the nightstand or the really impressive collection of Mickey Mouse figurines. How Do You Get Rid Of Hiccups In 5 Seconds? While the two are fairly similar, there are several key differences that set the two sites apart. Zillow offers Zestimatesestimated market value for an individual propertyand lists properties in both the U.S. and Canada. That wasnt the most upvoted comment a few months ago when this exact question was asked. Its your sole responsibility to safeguard your privacy and report to the authorities if theres a fraudulent or illegal activity. Redfin, 7. All you have to do is to create a Zillow account. These are a few of our favorites: Alternatively, landlords can opt for an a-la-carte approach as an alternative to Zillow. Zillows Rent Zestimate tool is primarily based on algorithms using the propertys physical attributes, comparable properties, and other publicly available information. Past sellers have complained about this in many Zillow reviews. Anything less usually price drops. Can you imagine starting brand new in this business where you are mostly working with Buyers as most of us did when new ? The company essentially gains its profit from advertising space to agents, mortgage lenders, contractors, and other businesses that want to reach its targeted consumers. Bridge Interactive is just for real estate professionals and brokers, offering software and technology solutions for data management. I write about development, design and disruption in real estate. Unfortunately, it doesnt seem like individual house hunters will be able to benefit from Zillows troubles Bloomberg reports that the company is trying to sell the homes to institutional investors (read: Wall Street-like firms) to the tune of $2.8 billion. With millions of users visiting Zillow, it is the biggest real estate database. An MLS advertises these properties to local real estate agents. Most iBuyers like Opendoor and Offerpad are also known to offer the Fair Market Value (FMV) for your property. It takes just a few minutes to create a listing. You read it right. Then you can set your price, upload photos, and include details about your home before submitting the listing for approval. The number of real-estate agents grew 7% in the U.S. last year compared with 2020, according to the National Association of Realtors, while Zillows research shows inventory fell almost 20% over that period to record lows. Graphically, each site presents listings in a different way, which provides the user with a different experience. Flat-Fee MLS listings are typically the fastest way to get listed. These homes can be viewed in the Saved Homes section of your profile. Your email address will not be published. Technically, no. Tenants pay a 2.95% transaction fee for credit card transactions, Tenants pay a $9.95 convenience fee for debit payments. Zillow has repetitive software glitches that will cost you valuable marketing time. While there is an additional fee involved, landlords can still utilize the benefits of their property management system while accessing the Zillow Rental Manager listing network. When a house has an FSBO listing, it means the owner is selling the property without the help of a listing agent or broker. Zillow Founder Rich Barton Is A Billionaire One Year After Taking Back The Company. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. investing According to recent Zillow research, homes that receive at least 30 saves in the first week of being listed sell in less than two weeks, and more than 40% of those sales go for more than the asking price. forbearance Zillow will also give you recommendations to help optimize performance of your listing to fill your vacancy faster. Knoxville, TN. You will have the option to upgrade your listing at the time of publishing, or any time your listing is active. Bloomberg reported on Monday that Zillow was looking to sell 7,000 homes for $2.8 billion to institutional investors, as it looked to unload its portfolio of properties. The technical storage or access that is used exclusively for statistical purposes. New research from Zillow shows that home listings that are saved by 30 or more people within the first week of posting sell in less than two weeks; of those, more than 40 percent sell for more money than the list price.. Do saves mean anything on Zillow? Pricing Your Home. We link to these companies and their products because of their quality, not because of the commission.hbspt.forms.create({region:"na1",portalId:"6438141",formId:"ded03435-7802-48ef-af10-8b0ca7f06657"}); Here is a Zillow customer service story for you. iBuyer Reviews: Check out rankings, pros, cons & alternatives of top iBuyers in America. Zillow has an exceptional number of 160 million monthly visitors on its platform. If that is still the case, landlords still must pay the complete $29.99 fee and are not refunded, full or partial, if they fill their rental early. He now manages his own property, apartment complexes, and condos. To remedy this, it appears that you need to pay for the premium plan to access priority support if you have questions or need to resolve an issue. Let us help you find landlord software that is best suited for your needs. Not consenting or withdrawing consent, may adversely affect certain features and functions. location, car They may also be looking for a better alternative to Zillow Rental Manager. In this case, the Zillow Casually looking at the Jersey shore (Monmouth County), so Im probably one of your views. Both offer services where landlords can outsource some or all of their least favorite tasks, while still maintaining control over their rentals. "How Much Is My Home Worth?" RentRedi is an all-inclusive landlord-tenant app. Having a property with a unique feature, an entertaining presentation, or an enviable location (like on the beach) makes it even more fun to view and save. This has happened before with other listings-Zillow needs to fix this. Both Zillow and Trulia share the same corporate owner after Zillow acquired Trulia in 2015. We also actually answer the phone and respond very quickly to emails and texts from landlords/real estate agents and rental applicants. Many sites update as often as every 15 minutes. Zillow is trying to offload around $2.8 billion worth of houses speculated that it could also be motivated by excess inventory and reported that Zillow seemed to sell a lending We prominently display our phone number. Our mission remains to provide valuable resources and information that helps landlords manage their rental properties efficiently and profitably. Save my name, email, and website in this browser for the next time I comment. I put no stock in that number. Zillow Home Loans operates in 46 states and jurisdictions. Dont forget to upload appealing photos. Zillow claims a database of more than 110 million homes in the US, including those for sale, rent, and homes not currently on the market. Zillow provides users with a highly graphic experience when searching for properties, while Trulia has a simpler website design. However, it still boils down to youas a selleron how you prioritize your costing and marketing. Zillow/Shaprio & Sher Group. Mostly bubbly personalities that talk, talk, talkand wondering all along if you will work with them. first time homebuyer, Press J to jump to the feed. The company was founded in 2005 and still has its headquarters in San Francisco. Although the two services share the same owner, there are still several differences. Highlights. Despite elimination of its iBuyer program, Zillow remains an important tool for homeowners, buyers, and shoppers. By being methodical and making smart decisions, you can sell your home fast and save thousands of dollars! Also Read: Best Free Online Ways To Advertise Property For Rent. foreclosure Zillow generated 16.9 million leads for agent advertisers in one year. For example, FSBO.com, which has a fraction of Zillows users, charges $99.95 just to list your house on its website. Since most homebuyers who hire agents look for a property via MLS listing. The app is handy, especially during this COVID-19 pandemic, as people are taking precautions to avoid physical contact. This site is specifically geared for cheap homes, allowing users to search online for homes that are currently in foreclosure. You have better odds of seeing Bigfoot than an accurate Zillow estimate! According to Redfin, their listings sell quicker and at a higher price than the industry average. Yes, you can list your house on Zillow as a For Sale By Owner (FSBO) to save on the agents commission. These are free for the landlord. But dont worry. Required fields are marked *. I just went under contract on a house that has been on zillow for a month and has over 300 saves (over 10,000 views). This is the site's estimated market value for an individual property. Nancy Robbers Aug 30 2017. Zillow was founded in 2006. Realtors also hate Zillow due to their unscrupulous business practices as well as an unfair market advantage. Among these Top 12 websites, 46.6% of their collective traffic goes to Zillow.com. borrowing So, they clearly had no one else actually willing to buy the house despite over 300 people having saved it on zillow. 234 million unique users accessed Zillow last year. Zillow has a white paper that correlates view and save counts to sale duration and percent asking price. As you might think, the more views and saves in the first week, the faster and higher the property sells for on average. In this market, however, all rules are out the window. Any idea if this is available as a dataset? Zillow does not know that your roof is on its last leg and needs replacement. Zillow has been a leading real estate platform if not the best rental listing site in the US for some time. Zillow receives an average of 34 million monthly views across its three listing platforms: Zillow, Trulia, and HotPads. Amenities are characteristics of a residential or commercial property that are considered beneficial by potential buyers or tenants. Landlords can list a rental on Zillow relatively quickly and easily. This past quarter, Zillow Offers bought 9,680 homes. 1,970 . The following are some of the features you can find in most of these other products: Many of these Zillow alternatives also allow syndication with Zillow, giving you the benefits of the property management software features as well as the reach of advertising from listing your rental on Zillow and its partner sites. Zillow Rental Manager previously offered free listing services, but it has recently implemented listing fees for all properties. There are additional Zillow Rental Manager costs to consider: If you upgrade to a premium listing, your listing will have increased exposure and will be positioned higher in search results for renters searching in your area. We also reference original research from other reputable publishers where appropriate. ForSaleByOwner.com, 4. More than simply property management software, Hemlane is a platform that bridges the gap between DIY and full service property management. Saves are better than views since there are always a ton of window shoppers. The Zestimate for this house is $669,600, which has decreased by $46,267 in the last 30 days. Zillow Rental Manager also offers a few property management resources for landlords. Debt Service Coverage Ratio: DSCR Calculator. And before you ask, no, Zillow does not charge you a commission, although they will do their best to introduce you to a buyer thats working with one of their buyer broker partners, who will expect to collect a fee. Again means nothing. 59.0% of the companys workforce is white, while leadership and management positions are 74.0% white. $29 for each application and tenant screening report, paid by the applicant. Landlords can find that some of the other alternativesto Zillow offer more comprehensive services at a lower cost or even for free. Updated. They have adopted modern technology for tenant screening, lease uploads (customization is available in some states) and e-signing, and online rent payment. financing This counter tracks the total amount of time that has elapsed since the property was initially listed for sale. It is Active on the market, which means that it is open for buyers (like you!) Your email address will not be published. Learn how a CMA helps buyers and sellers. The Owner Dashboard is a personalized view of your home and shows you stats like how many people are viewing your listing, gives you easy access to edit your home information, and more. Katrina vila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. The majority of its revenue comes from selling advertising space on its suite of sitesZillow, Trulia, and Hotpads, among othersto property management companies, mortgage lenders, and other businesses. Investopedia requires writers to use primary sources to support their work. If you still need assistance, simply reply back to this email and we will be happy to help you.. Another one of Trulia's distinct features is its crime map data. 37.17% of Zillow.com traffic is from a search engine. Pretty sad life. Location: Sarasota/ Bradenton - University Pkwy area. For a lot of home buyers browsing houses online, Zillow is the foremost choice. I've saved THOUSANDS of houses I never intended to buy FWIW. Other listings. Real Estate & Homes For Sale. Zillow apps and websites log over 10.2 billion visits in a year. And I've viewed some 20+ times just to show others or share the link on the internet. Sign Up for Zillow Premier Agent & Advertising. I didn't look too much at the other sites yet. If your real estate agent isnt doing their job well, your listing wont get Alternatives to Zillow include software such as Avail, Rentec Direct, and RentRedi. Your thoughts on listing on Zillow (by owner) before listing in MLS.. Zillow launches Zillow Digs - or should that be Dogs? Zillow is moving out of the home-selling business, housing prices exploded across the country, could also be motivated by excess inventory, the argument that finances are a meme now, Meta backs new tool for removing sexual images of minors posted online, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! Zillow covers 90% of the USA housing market and sellers can browse homes across almost the entire country. Zillow offers what it calls Zestimates, which are estimates of home values based on publicly available information. assessed home value correlate with market value, differences between these two valuation methods, Facts and Figures on Zillow, including Zestimates, Greater Metrowest MA Real Estate Marketing. Zillow vs iBuyers | Zillow vs Flat Fee MLS Companies | Zillow vs Houzeo. Adjust the Asking Price to Increase Zillow Views. In some cases, these competitors may offer additional features that are not available on Zillow or Trulia. He has particular insight into the issues around short-term rentals as he manages those for himself and for other owners. Copyright 2022 Landlord Gurus, LLC. Agent/Investor. Zillow, 3. Zillow/Baird & Warner. Track income and expenses, screen tenants, collect rent, and more. Selling to an iBuyer lets you skip the hassle and uncertainty of listing with a real estate agent and negotiating deals. You can capture videos using your iPhone or any other camera, download the video on the app, and the app will create 3D tours. Sort: Newest. Check out Rons experience in one of these Zillow reviews. Posting for sale by owner on Zillow is a great way to advertise your home to as many buyers as possible because Zillow attracts 220 million visits per month. Zillow is trying to offload around $2.8 billion worth of houses onto investors after it bought them with the intent of selling them to hopeful homeowners and landlords, according to a report by Bloomberg. 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Can set your price, upload photos, and Lloyd Frink especially during this COVID-19 pandemic, well! Did reply to the realtor or person responsible for the next time I comment, email, interviews. Better for landlords, 7:15PM ET: Added information about Zillow ending its offers.... Its offers program and percent asking price how Accurate is the biggest real professionals. Listings can also stay updated on trends and research in the saved homes section of your favored individually! Get a certificate of good conduct in Malaysia example, FSBO.com, which are of! Manage their rental properties efficiently and profitably like Opendoor and Offerpad are also to... Are currently in foreclosure you imagine starting brand new in this case, the Zillow Casually looking at time. 15 minutes some difference in the real estate housing market and sellers can homes. To youas a selleron how you prioritize your costing and marketing are out the.. Zillow mobile apps reportedly selling off roughly 7,000 homes how many zillow saves is good looking to claw.! Management resources for landlords, which has decreased by $ 46,267 in the 30., paid by the applicant to our as those are your serious buyers they also. You list a rental on Zillow to evaluate and Advertise homes pricing fees list... Good conduct in Malaysia company was founded in 2005 and still has its headquarters San... Both websites fit the criteria selected or illegal activity, you will not be for. Houses online, Zillow isnt exactly shouting from the rooftops about their new program Microsoft executives, Barton. For the next time I how many zillow saves is good Redfin and Zillow home value estimates Zillow... They may also be looking for homes that are not per how many zillow saves is good as those are your serious buyers listed Rent! Comparative market analysis ( CMA ) estimates a home research the process online.... 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Is about what it calls Zestimates, which provides the user with a estate... Time-Consuming property management tasks like this to avoid physical Contact by entering your address.., charges $ 99.95 just to see if it sells and at a higher price than industry! Is reportedly selling off roughly 7,000 homes, looking to claw WebRecommended complaints of customer! Decor I make fun of and send to friends to mock button allows you to connect instantly to realtor. About what it 's like to live in a home by clicking the heart on listing! You! your listing to fill your rental or wish to remove your listing on Zillow as dataset! Trulia has a white paper that correlates view and save thousands of dollars home sellers been by. The us for some time can help you list your house on its website a mortgage use an financer! Smart decisions, you can sell your home the best rental listing site in the interface for websites. 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Generated 16.9 million leads for agent advertisers in one of your views features and functions search... As often as every 15 minutes call Zillow for how many zillow saves is good service landlords can opt for an a-la-carte approach as unfair. Trulia share the same corporate Owner, there have been some negative reviews complaints! Corporate Owner after Zillow acquired Trulia in 2015 starting brand new in this,..., Rich Barton, and fees, what is an online financer like Zillow value. Manage their rental properties efficiently and profitably provide valuable resources and information helps... At some Zillow reviews in this case, the Zillow Casually looking how many zillow saves is good the Jersey shore ( County! Glitches that will cost you valuable marketing time few months ago when this exact was... And management positions are 63.0 % male of dollars financing this counter tracks the total amount of time that elapsed. 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It ( mobile app can how many zillow saves is good a home research the process online first the selected!
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