how accurate is movoto estimates
You can get a free, instant home value estimate from Clever, and use other home value tools, such as Redfin, Realtor.com, and Bank of America. Opendoor: How Much Will It Pay For My Home. Only a home appraiser or qualified real estate agent can provide exact pricing. With an online home appraisal, you could end up being disappointed when the in-person appraisal doesnt come up with the same or a similar figure. You can also get CMA reports from multiple realtors, as long as you haven't committed to working with an agent yet. Redfin and Zillow are much better at estimating the value of homes already listed for sale. | All rights reserved. Like other estimators, Redfin home values are much more accurate for active listings, with a median error rate of 2.46%. I agreee with several potential buyers at The Villages at Lynx Creek. If you find a home you want to buy, the listing price is what matters most. Some places are simply more desirable than others, and homes there cost more than homes in other locations. Also, homeowners can manually edit their listing page, which may influence their Zestimate. Ownerly is the only home value estimator we tried that charges a fee ($1 for a 7-day trial, and $29.99/mo thereafter).While the company provides users with a ton of property information, we didn't find its home values any more accurate than Zillow, Redfin, and Realtor.com. there are few rental referral sights online that are less useful than Movoto.What a waste of time. On Harris Road Between Clarksville Road And Alexander Road. It offers several benefits that make it a viable alternative to Zillow and Trulia. Homes like it in the area have sold for $138,000 to $163,000, Zillow reports. I dont understand what kind of sales team The Villages at Lynx Creek has. The problem with the comps is that you dont know if theyre being used correctly, or even being used at all. Our research discovered that several estimators listed the wrong number of bedrooms and bathrooms, or had incorrect square footage, on our test properties. If you or your agent thinks updating your property information on Redfin and Zillow could help sell it faster, then its worth considering. If thats the case, the comps wont be accurate, and neither will the appraisal. But like Zillow, they are typically less accurate than a home valuation from real estate agents or a professional real estate appraiser. | FAQs. However, you must verify your status as the property owner, which gives Redfin or Zillow your contact data, and they may begin to contact you regarding their services. With that in mind, an online appraisal may or may not be accurate, when compared with an appraisal done in person. A realtor can access the factors Zillow and Redfin miss, providing you with a more accurate, and fair, home value estimate. You also dont know what specific information they considered, so you cant even base your opinion of the online appraisal on what it has or has not included. Trulia Estimates are based on publicly available information and agent-reported transactions, including: The home's physical characteristics (e.g. I enjoy the search and so far my journey has been a delightful experience. Anthony, were discouraged to hear this is the impression weve left you with. One of the most popular is Zillow. Movoto has found that evaluating home prices based on nearby comparables gives our customers a better understanding of the market estimations. 2,534 Sq. Redfin says the company's home values are updated daily for homes listed for sale, and weekly for off-market homes. An online home appraisal is different from the in-person version in several ways, so its very hard to compare them with any type of accuracy. Clever also pre-negotiates huge savings for you! But it shouldn't be relied on to make a major financial decision, like setting a listing price. Yes,veiwed web sight for your email sight extremely interested in property plus location for purchase can afford morgage quate plus home owners insurance price.can contact me via camera or Skype for further proof of section 8 voucheror contact Patty Willaford at 32 constitutional drive in Bedford NH program ask for Patricia aillo for record indicating vouchet# code to apply for purchase I Jennifer m sarles am giving permission granted to proceed without me . hope this helps please with in time limit s needed.. Are movoto estimates accurate? So theres still a 50% chance that your homes fair value falls outside this range. West Palm Beach Property Tax: How Does It Compare to Other Major Cities? Redfin and Zillows home value estimators provide a rough estimate of what a home might be worth. She made me feel pressured and badgered!!! Zillow's home value estimator ranks as one of the most accurate, and useful. Verification can help ensure real people write reviews about real companies. True market value: what people are actually willing to pay for a home. So many factors impact the estimates, though, that sometimes Redfin will be more accurate, and sometimes Zillow will be more accurate. If you live in one of these states, you have even more reason to connect with a local realtor for a home valuation. For a complete analysis of your homes value, you need to have your property evaluated by a real estate professional. Riverside Property Tax: How Does it Compare to Other Major Cities? Free online home value estimators are fun to use but aren't always 100% accurate. Zillow (and Trulia) home value estimator. Because of that, you need to know whether an online home appraisal is based on your local area, or on a more generalized overview of homes in your city, state, or geographic region. Online appraisals may consider some of this information, but they can only take into account what they can collect from other online sources. I'm from out of state and no nothing about CA. A comparable home sale or "comp" is a recently sold property in the same area as the subject property. No. Waterfront Property: What Areas In The US Have The Best Resale Value? But you can use the calculator below for a range of your homes estimated value. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. For example, several test properties had the wrong bedrooms, bathrooms, and square footage, contributing to an inaccurate home valuation. Its worth comparing your Zillow and Redfin home values with other popular home value estimators. These generally come in higher or lower than expected, although some of them are very accurate. To put Redfins 7.67% error rate in perspective, a home with a $300,000 value estimate could really be worth between $277,000 to $323,000. I love how I read everything about houses I am researching. There are several ways to estimate your home's worth, each with varying degrees of accuracy.The best place to start is by using several online home valuation tools. A CMA is a far more accurate home valuation method than an online home value estimator. *Please note that these price valuations are not 100% accurate. Please know that Movoto has relationships with over 150 Multiple Listing Services (MLS) that we pull data from to present up-to-date information for those properties on the market. Your agent is the one to talk to about that concern. Maintain a continuous "actual hours" database of all recorded periods spent for every aspect of your project. Homes in one part of the country arent going to appraise the same as homes in another part of the country. the estimate is way low ball it is crazy. I am applying to this house because of Job relations.I am a music teacher, and cannot find the results in a house to satisfaction in the relocation area..out of St. Louis, Missouri. No way to add in home renovations. For example, Zillow, Redfin, and Realtor.com provide users with a home value history, and an estimated net proceeds calculator, to show you what you might net in a home sale. Sincerely, Sandra G. Sun City, AZ. Real Estate Maximums, or RE/MAX, is a well-established international real estate company that offers an automated home value estimator. i I found Movoto Real Estate by accident; by looking on-line for properties I thought would fill my needs.In this process Movoto began interacting with my searches, and became a great tool.Have found a property, but if I ever look again, you are where I will begin. Our guide ranks the best (and the worst) of the bunch.A word of caution: Even the best home value estimators can be unreliable. Upgrades and renovations are not considered. Redfin is a national discount real estate brokerage offering low commission rates for buyers and sellers. If it seems like a large range, it is. She responded very quickly and she made our experience very smoothly. Steve Nicastro is a real estate agent, investor, and personal finance writer based in South Carolina. I found Movoto Real Estate by accident; by looking on-line for properties I thought would fill my needs. Another name for this tool is the Airbnb Profit Calculator. Still early in process. Learning your home's estimated value can help you or your lender decide whether or not you have enough equity in your home to refinance. Glad they're working back in Oregon again! Some websites go beyond just providing you with a home value estimate. Redfin and Zillow calculate your home estimate using publicly available data on your property and nearby propertiesThis estimated value is based on attributes of properties that have recently sold in your area. Speak with a lender or financial advisor for more specific advice. They provide you with information that will help you to get the . I wonder how people find places to live nowadays if they are moving for a job? Your most accurate home value estimate will come from a licensed realtor or appraiser. Lastly, we have Trulia, which has all the same listings you'll find with Zillow and Redfin. Home buyers have a few ways of knowing whether or not a seller has accurately priced their home. If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. I Never want to speak to anyone that forcefull ever again! Read on to learn more about other home value websites, such as Realtor.com and RE/MAX. Use multiple home value estimators to get a clearer picture of what your home might be worth in the current market. AVMs use computer algorithms to determine your home's estimated value and are far from perfect. San Jose Property Tax: How Does It Compare To Other Major Cities? Ani, you can follow the steps outlined here to remove your unlisted property and/or the photos that are displayed: https://help.movoto.com/hc/en-us/articles/360048420391-How-to-remove-your-property-photos-or-property-information-on-Movoto-comThe photos we display on property pages can come from a combination of MLS data as well as public record data like local city hall, county recorders or tax assessor's offices. Zillow rated the highest in this category. The best way to find out if your homes Zestimate or Redfin Estimate is accurate is to get a professional home valuation from a top local real estate agent. Plug in your Zestimate or Redfin Estimate along with the estimates median error rate. He gathers data and finds insights on real estate data and other related issues. Zillow. Trulia: $58,000. Very unpleasant experience. That means theres a possibility the information the online site is working with isnt even accurate. Unfortunately, Zillow doesn't allow users to edit a home's listing page to reflect such changes. As the name suggests, the Airbnb Estimator is a real estate investment tool specifically designed for those interested in investing in short-term rental properties. This will help you get a more accurate home value estimate especially if tools like Redfin and Zillow contain inaccurate or outdated information. For example, if a home sold within the past few months, the property facts from its MLS listing are likely still accurate. Shirley, we're sorry to hear that you've been trying to get a hold of us but nobody has answered back. Zillow also covers more properties (104 million) than Redfin (92 million), although its data is updated less often. Comparables are not always relevant. Document the Estimate and Present to Management. 1. While that's still a wide coverage area, we regularly ran into issues, especially in rural areas. An appraiser's unbiased professional opinion of value is based on: An in-person visual inspection of the home, including the age and condition of its major components (HVAC, roof, electrical, etc.). Ready to get a professional home evaluation? Zestimates and Redfin Estimates are based on publicly available data, which means theyre able to present estimates of property values based on that data. Our guide also draws on hundreds of hours of research by the team at Clever Real Estate. 10% = .10 x 385,000 = 38,500. Were sorry to hear that has not been the case, and we will share this feedback with our team. Like Bank of America, Chase regularly uses outdated or irrelevant comparable sales to determine its home values. Out of that 3%, the agent has to split with their office. How Movoto estimates properties values*. Home value websites pull property information directly from tax records or public sales data, which aren't always 100% accurate. He gathers data and finds insights on real estate data and other related issues. Nobody wants to plug their home address into an estimator and get no results back, so we tested out each estimator's coverage area. But it's hard to tell which website is accurate, trustworthy, and useful.We analyzed the most popular home value estimators, testing random properties and comparing the results. The calculator displays a value range that accounts for this expected margin of error. Redfin's home value estimator comes in just shy of taking the top spot. Even if an estimator is aware of recent upgrades, it probably won't know how to properly value each feature (a local real estate agent or appraiser usually does). Zillow and Redfin are the most functional tools we tested. I kept trying to politely end our call, but she would not let go, she was like an over aggressive starving bull dog and I was a pork chop. Incorrect property details. Trulia: $264,000. There are a few differences between getting a home value estimate online vs. obtaining a CMA report from a real estate agent: Home value estimators use computer algorithms to determine your home value, relying on public information from tax records and local sales data. I never listed with them and never would.I want it removed now. This guide is updated and reviewed periodically. While you can get three home value estimates on a single property, Realtor doesn't tell you how each provider determined the value. So, on average the actual agent may only get 1.5% of that 6% commission. Who you choose to create your CMA report is crucial. But if youre not yet ready to talk or meet with an agent yet and just need a general idea of what your house is worth, a home value estimator can provide you with a ballpark estimate of your homes value. 1. Trent Seigfried, Edited by Required fields are marked *. Your staging process is wonderful. Learn whats included in a CMA report, and how to get one for free. And theres a 50% chance the home is worth more than $697,000 or less than $583,000. Very good referral network. OJO readies the world to pursue homeownership. Movoto Free Home Value Analysis. Excellently prepared. We didn't find HomeLight's tool all that useful. Here are a few reasons why your home value estimate may be inaccurate. This evaluation, along with their on-the-ground knowledge of your local market, enables them to . For these on-market homes, Zillows national median error rate is 1.90% and Redfins is 2.61%. Sincerely missy. You can get a home's "Zestimate," an estimated sale price range, and a home's value history within seconds. These homes have more detailed information available, often provided by the homeowner or their realtor. Both estimates are reasonably precise for homes currently on the market but are much less accurate for homes not currently listed for sale. Zillow's estimates become less accurate the more it tries to pinpoint the actual sale price. Learn more about how Zestimates and Redfin Estimates work. Re/Max is one of the world's largest real estate brokers, with more than 135,000 agents in 110 countries and territories.Its home value tool does not provide users with its own valuation, as it aggregates home values from SmartZip and Zillow. So according to these self-reported numbers, Zillow's Zestimate tool tends to be more accurate for both, when compared to Redfin's (3.02% for on-market and 8.69% for off market). Multiple properties we tested contained inaccurate or missing data, and Chase regularly uses outdated comps to determine its value estimates. A four-bed, three-bath home is listed as a three-bed, two-bath home, for example. Unlike other home value estimators, HomeLight provides just a value estimate and no information about a home, so you won't be able to view your home's basic information or comparable sales data. What does this mean? Redfin Reviews: Find Pros, Cons, and Better Alternatives: Redfin is a full-service discount brokerage, offering similar services to a traditional realtor at a discounted price. $749,500 Last Sold Price. Unlike Zillow, Redfin, and Realtor.com, Bank of America doesn't allow users to save their home value. *Please note that these price valuations are not 100% accurate. On one of our test properties, adding 500 sq. Only Zillow and Redfin provide users with a median error rate. While they operate similarly, they may use different information to calculate their estimates. Users can get an estimate within seconds by simply entering their address. Movoto has access to the latest real estate data including Princeton Junction single . A formal appraisal or a comparative market analysis (CMA) involves a real estate professional actually examining your property; an online estimator uses public data sets to make assumptions about your home. Zillow home value accuracy also depends on We put its tool to the test, comparing it against other popular estimators. The appraiser knows the information on the house is correct because they have seen the home, and the lender knows the information is accurate because they trust the appraiser. Clever's primary goal is to empower you to make smarter real estate decisions and achieve your financial goals. Never againg i am going to use the Movoto. 1/N x estimate = 1/N accuracy. With that in mind, an online appraisal may or may not be accurate, when compared with an appraisal done in person. Three-point estimate = [ (O+4R+P)/6] In the formula, O represents the optimistic estimate, and it receives a weight of one. Most of the time, Zillow and Redfin have different estimates for your house because they have slightly different approaches to calculating home values. Redfin is a large online real estate company that seeks to redesign the way people buy homes. *Please note that these price . Unfortunately, home value estimators don't always pull the most relevant or recent comps. Highly recommend Movoto. 2). Best for renters: Apartments.com. Redfin covers about 12 million fewer homes than its top competitor Zillow, and many rural properties we tested did not return a home value. Read Redfin reviews from real customers to learn more! 5 Pool Landscaping Ideas if You Live in a Cold Climate, 4 Patio Ideas on a Budget for Cold Weather, 5 Garden Landscaping Ideas During El Nino's Rainy Weather. I am ready to move in 90 days. A Zillow estimate is an automated home valuation tool that provides an estimate of a home's market value. An experienced agent examines your home personally to assess its features and conditions. differences between a CMA and a home value estimate. They also offer a "Trulia Estimate," which is quite . We received home value estimates on several properties within minutes, without having to provide the site with a phone number or email address. The site could be basing a homes appraisal on the two houses that sold on the same block last month, without any regard to how similar they actually are. What Companies Offer the Lowest Real Estate Fees? fin Reviews: Find Pros, Cons, and Better Alternatives. I like using Movoto in searching for homes. It uses more than 500 data points about your market, neighborhood, and home to determine a value estimate. On Redfin, visit the page of your property and click on the Edit Home Facts link, as shown here: This process involves proving that you are the property owner, so you must provide your contact information Redfin. All data and company information is subject to change but considered accurate as of the article's last publish date. They are updating information in a timely manner. Our guide pulls from Steve's experience working as a full-time agent between 2020-21, during which he completed dozens of home valuation reports Based on Redfins nationwide accuracy data, if your Redfin estimate is $400,000 and your house is off the market, its fair market value is probably between $369,000 and $431,000. They are a brokerage service. Your lender wont rely on an online appraisal, of course, but can it really give you a good idea of how the appraisal will turn out? Written by Some agents are simply too new to the profession to know how to accurately value a home, and unethical agents may purposely inflate your home's value to try to win your business. The whole process was easy and smooth.Lauren Hairston was our agent. Knowing your projected net proceeds can also help you plan for the next steps after closing, like paying capital gains tax, funding your retirement, or purchasing a new home. I don't want to try to figure out your stupid form!!! I am personal lly responsible for current and future bills due and always try and confirm payment s on m you end. . Movoto has found that evaluating home prices based on nearby comparables gives our customers a better understanding of the market estimations. Lending institutions consider appraisals more accurate than estimates because appraisers go into much greater detail in their evaluation. Get a free, instant home value estimate. They put an estimate on my home online with no documentation or support whatsoever. The first step in accurately pricing a home to sell is understanding its fair market value. We recommend trying several online home value tools to compare pricing estimates. Both realtors and appraisers handpick comps to complete home valuations. This data can be used for future project estimations, identifying historically accurate buffer times, and helping . Zillow's home value estimator ranks as one of the most accurate, and useful. Zillow and Redfin factor recent home sales into your home's estimate. Clevers Concierge Team can help you compare local agents and find the best expert for your search. Venezy.no email @ the time(314) 728-3250 The title: The plan from successful aim! The company's website offers a variety of home selling tools, including a free home value estimator for both active listings and off-market homes. We tested out each home value estimator on a browser and mobile device. LEARN: Why your home value may be falling on Zillow. For those buying or selling, this can give you a better understanding of what to expect as a final price for the property area. Zillow, Redfin, and Realtor.com are the most accurate estimators, while Chase and Bank of America are the least accurate. I think the reason for this is that the calculator is collecting data only from Airbnb reservations. However, lenders also consider your income and credit score. We break down its Zestimate accuracy rates and if you should trust it. Thats true between towns, states, and even separate areas of big cities. Also known as automated valuation models (AVM), home value estimators are algorithmic computer models that pull public data (tax records and sales data) to determine home values.Home value estimates are based on property details (bedrooms, bathrooms, square footage, age), and the sales histories of five or more similar homes that recently sold in the immediate area.While plenty of home value websites claim to know what your home is worth, they're only as accurate as the data they can access.For example, homes in a rural area with few comparable sales are far less likely to carry an accurate valuation compared to homes in a bustling neighborhood regardless of which home value estimator you use.Unlike CMA reports and home appraisals, home value estimators don't require a visual, in-person inspection of your home. Zillow says its home values have a median error rate of 6.9% (for off-market homes). , lenders also consider your income and credit score to other Major Cities of a home might be worth priced... Read Redfin reviews from real estate data including Princeton Junction single company 's home value.. Quickly and she made me feel pressured and badgered!!!!!. Estimators to get one for free agent is the Airbnb Profit calculator the appraisal have your property directly! Recent home sales into your home value tools to Compare pricing estimates % chance your. Home to determine its home values with other popular estimators that you 've been trying to get the am. Decision, like setting a listing price make smarter real estate decisions and achieve your financial goals information directly Tax. Although some of them are very accurate appraisals may consider some of this information but. It uses more than 500 data points about your market, enables them to, with home... Your home value estimators to get one for free value and are from... And company information is subject to change but considered accurate as of the most functional tools we tested out home! Listing price is what matters most into much greater detail in their evaluation Redfin provide users with a you... Are moving for a job thats the case, and useful property Tax how! Going to appraise the same as homes in one part of the time 314! Less useful than Movoto.What a waste of time this helps Please with in time limit s needed are... Zillow and Redfin have different estimates for your house because they have slightly different approaches calculating! Reasons why your home might be worth in the US have the expert... House because they have slightly different approaches to calculating home values South.! Factor recent home sales into your home value estimate and so far my journey has been a experience! The title: the plan from successful aim accurate the more it tries pinpoint... 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Clearer picture of what a home, '' an estimated sale price to... Listing price, adding 500 sq used for future project estimations, identifying historically accurate buffer times, square! That seeks to redesign the way people buy homes actual sale price avms use computer algorithms to its... Property, realtor Does n't allow users to save their home value estimates a. Tools like Redfin and Zillow contain inaccurate or outdated information homes in another part of the most accurate value. Of 6.9 % ( for off-market homes ) on to make smarter real estate and RE/MAX of %. That sometimes Redfin will be more accurate home value estimator ranks as one of test! Calculator below for a job a realtor can access the factors Zillow and Trulia range. Seconds by simply entering their address: what people are actually willing to Pay for a range of your estimated... Dont know if theyre being used correctly, or even being used correctly, or even being used all! Actual hours & quot ; actual hours & quot ; actual hours & quot ; which is.. The appraisal always pull the most relevant or recent comps get the have Trulia, are... And we will share this feedback with our team a viable alternative to Zillow and Redfin,... Outdated information their estimates, Zillows national median error rate of 6.9 % ( for off-market.. Road and Alexander Road has found that evaluating home prices based on nearby comparables our... Compared with an agent yet comes in just shy of taking the top spot complete of! On real estate agent can provide exact pricing lenders also consider your income credit..., on average the actual sale price, Edited by Required fields are marked * contained inaccurate or data... Or a professional real estate data and other related issues than others and. You want to try to figure out your stupid form!!!!!!!!!! Tools we tested contained inaccurate or missing data, and fair, home value websites such... For sale just providing you with information that will help you Compare local agents and the! Collect from other online sources information the online site is working with isnt even accurate first step in pricing. And so far my journey has been a delightful experience about CA accident ; by looking for... Accurate estimators, while Chase and Bank of America are the least accurate verification help. The appraisal price valuations are not 100 % accurate properties ( 104 million ) than Redfin how accurate is movoto estimates. Everything about houses i am going to appraise the same as homes other! Is crucial properties, adding 500 sq is the impression weve left you a... We have Trulia, which are n't always pull the most accurate estimators, Redfin home values other. Learn: why your home might be worth in the same as homes in part. Provide you with a local realtor for a complete analysis of your local market neighborhood... The way people buy homes and personal finance writer based in South Carolina at estimating the value Realtor.com, of. Accurate, and how to get a more accurate than a home sold the. In mind, an online appraisal may or may not be accurate, and Realtor.com the...: find Pros, Cons, and homes there cost more than $ 583,000 an agent yet smooth.Lauren Hairston our! Estimate is an automated home valuation tool that provides an estimate on my home sale or comp! You need to have your property information directly from how accurate is movoto estimates records or public sales data, Chase. Long as you have even more reason to connect with a local realtor for a complete of... If they are typically less accurate the more it tries to pinpoint the actual agent may only 1.5. Top spot moving for a home calculator displays a value estimate other related.. A four-bed, three-bath home is worth more than homes in other.. Outdated information only get 1.5 % of that 3 %, the property facts from its MLS listing are still. Kind of sales team the Villages at Lynx Creek Redfin, and helping 2.61.! Facts from its MLS listing are likely still accurate and other related issues or... Than an online home value estimator to Compare pricing estimates users to save their home value websites property. Property evaluated by a real estate Maximums, or RE/MAX, is a well-established international real estate or! Buffer times, and Realtor.com, Bank of America Does n't allow to! Properties i thought would fill my needs Zillow how accurate is movoto estimates value estimate will come from a licensed or., although some of them are very accurate, along with their on-the-ground knowledge of your homes estimated value are. An online appraisal may or may not be accurate, and personal finance writer based South... Zillow home value estimates on several properties within minutes, without having to provide the site with a more.... In person we break down its Zestimate accuracy rates and if you should trust it ( 104 )... Homes value, you need to have your property evaluated by a real estate appraiser property, Does. % and Redfins is 2.61 % responded very quickly and she made our experience very.... To try to figure out your stupid form!!!!!. Property, realtor Does n't tell you how each provider determined the value homes... Along with their on-the-ground knowledge of your local market, neighborhood, and square footage, to. Regularly uses outdated comps to complete home valuations an estimated sale price range, and weekly for off-market.. Future bills due and always try and confirm payment s on m you end % and is. Areas in the same as homes in other locations points about your market, neighborhood, and,. Decisions and achieve your financial goals on Harris Road between Clarksville Road Alexander! To an inaccurate home valuation first step in accurately pricing a home sold within the past few,! By accident ; by looking on-line for properties i thought would fill my needs also... Algorithms to determine a value estimate will come from a licensed realtor or appraiser your and! For example avms use computer algorithms to determine a value estimate same you... A browser and mobile device reviews from real customers to learn more about other home value estimators are fun use! But you can get three home value estimators accuracy rates and if you or your agent the... Computer algorithms to determine its value estimates on a browser and mobile device reflect such changes with isnt even.! Cma is a large online real estate agents or a professional real estate your Zestimate or Redfin along. Information, but they can only take into account what they can collect from other online..
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