View how the process works and our thoughts on its accuracy. PennyMac and Bank of Americas home value estimators carry many similarities. Chase's estimator works best for a quick ballpark estimate of a home's value, and shouldn't be used as a substitute for a CMA report or an appraisal. One way to initiate home comps is by looking at the prices of homes like yours that have recently sold to help determine your homes potential value. For the most accurate estimate, contact us to request a Comparable Market Analysis (CMA). The %$#! According to the site, our home was built in 2022 and has a total lot size of 45,302 sq. ), Like other home value estimators, Bank of Americas is not an appraisal and is unreliable. Like Zillow, Redfin also publishes its error rates for both on-market (2.61%) and off-market (7.67%) properties. Buying a home for the first time is a new experiences. Its key to start off with an understanding of how you can find your homes value. See our current mortgage rates, low down payment options, and jumbo mortgage loans. Clicking the info tab after estimated value brings up a frequently asked questions page, which contains responses to questions such as how is an estimated home value calculated? and where does your data come from?. Seeour Chase Total Checkingoffer for new customers. Simply enter your street address, city, and state or just your ZIP code and well calculate our best home value estimate using millions of home records in our database. For example, adding an extra bedroom increased our homes value by $8,000, while increasing our homes square footage to 2,200 improved its value by close to $43,000. Like Bank of America, we found PennyMacs home value estimator fast and easy to use. What's My Home Worth? Chases free home value tool does not compare favorably to its peers. Get Estimate. Enter your property address Refinance your existing mortgage to lower your monthly payments, pay off your loan sooner, or access cash for a large purchase. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Use our home value estimator to estimate the current value of your home. Click See a homes value., Chases property search bar is in the center of the screen. We carefully selected our three comparable sales: Ultimately, a local real estate agent, broker, or appraiser knows your market much better than an automated home value estimator. However, if there are no comparable ranch style homes in that area, take a look at two-story homes on the same block instead. So, if youre done contemplating, and you want to sell your house fast, without the having it sit on the market for months on end, then this article is just for you. Placing flower arrangements, centerpieces or hanging artwork could improve the look of your home and inspire buyers while you are selling. Get a mortgageor refinance your home with Chase. We put Bank of Americas home value tool to the test on a single-family property in Davidson, a suburb of Charlotte, North Carolina. No personal contact information is required. By answering a few questions, you can quickly find out the estimated value of your home and your estimated current home equity. A small caution, though: Redfin has been accused of selling client information to real-estate agents. From online home value calculators to comparative market analyses and more, youll find there are a few ways to estimates your homes value. Redfins home values are also relatively accurate, with a median error rate of 7.67% on off-market properties. Steve is also an active real estate investor and has experience completing his own home valuation estimates to analyze flips. We explain how they work, their accuracy rates, and how to use them. ft. Your most accurate home value estimate will come from an experienced, local real estate agent or appraiser. That means your home value estimate could be off by tens of thousands of dollars on either site. Online property valuation sites such as Trulia, Zillow and Chases tool are popular places for people to begin sizing up what it may take for them to purchase their next home, or to sell it. "If all the homes within a six-block radius are very similar to each other, in a suburban subdivision, filled with homes built around the same year and about the same size with identical amenities, a Zillow estimate will be much more accurate, perhaps within 10 percent, because there are not enough specific variances to throw it off. See our current refinance rates and compare refinance options. Through predictive data analytics, agents can predict real estate demand trends and identify potential sellers. Your home value estimate is based on sales price data gathered from public records. How could a computer really know the condition of the houses in a neighborhood or all of the feature differences between the houses or the mindset of the buyers and sellers there? Installing an alarm system can be enticing for a potential buyer. Lowdown on Profanity in the Home. While we disagree with its home value estimates, Bank of America did provide us with accurate property information, such as beds, baths, and square footage. Home lending products offered by JPMorgan Chase Bank, N.A. Bank of America Home Value Estimator: Is It Accurate? El contenido de la pgina o pginas siguientes estn solo en ingls. Like other home value estimators, Chase calculates a homes estimated value by pulling recent, local home sales. Often, homeowners refinance for a better interest rate, a shorter loan term, a home equity loan or a new type of mortgage. Chase Bank serves nearly half of U.S. households with a broad range of products. Living space such as bathrooms and bedrooms drive up the value of a home. A CMA is a home value report created by a local real estate professional who hand-selects comparable sales and views your home in person. Bank of America is just one website providing a home value estimate. Dream of owning a house but cant afford the down payment needed to get a home loan? He has completed dozens of comparative market analysis (CMA) reports for prospective home sellers, and knows first-hand how inaccurate home value estimators like Redfin and Zillow can be. Homeownership is a big investment. Clever: Are Those Commission Savings Legit? The following is a list of popular ways to calculate your home value: Using an online tool for home appraisals, like a home value calculator, is easy and accessible. Browse through our home values for all of your real estate needs at RE/MAX. SmartZip Analytics merges data analytics and the real estate industry into one platform. What is a CMA in Real Estate? Get a free, instant home value estimate now! As a buyer, finding a house with an updated roof is optimal. Realtor.com's home value also looks low. Why You Should Avoid Chase Banks Home Value Estimator. The curb appeal of the house is the first thing a buyer will see and is often something that may sway a buyer as well as increase the desirability of your home, along with its value. One of the comps also had the wrong number of bathrooms listed (it was off by a half bathroom). We didnt see any way to add in custom home renovations or repairs. An easy way to identify a finished basement is if its ready to live in or can serve as an additional room such as a place for relatives to stay, a home office, or a childs playroom. Whether you're determining how much house you can afford, estimating your monthly payment with our mortgage calculatoror looking to prequalify for a mortgage, we can help you at any part of the home buying process. LEARN: Is Zillows home value estimator accurate? MORE: Why PennyMacs home values miss the mark. If you do not like real state, all you have to do is make hamburgers, buld a business around that hamburger, and franchise it. A jumbo mortgage from Chase will allow you to finance up to 85% of the value of your home. Chases home value estimator calculates a home value estimate within seconds. The values generated by AVMs are based on automated computer modeling from public records and may not represent the true value of the home as they cannot take into account the nuances of our local market. If you're interested in doing research on your own for your home or prospective homes, a Home Value Estimator can help you get started. The service provided by Smartzip can work as a strategic management tool for companies when it comes to long-term planning & marketing. We recommend comparing home values from multiple tools for a more accurate picture of your homes value. To find out if you may be eligible for a HELOC, use our HELOC calculatorand other resourcesbefore you apply. You might be able to use a portion of your home's value to spruce it up or pay other bills with a Home Equity Line of Credit. Programs, rates, terms and conditions are subject to change without notice. Its very easy to use, and you can change a homes key facts directly on the tool. The best of both worlds so to speak. It had the lowest home value estimate by more than $20,000. If youre not yet ready to speak with an agent, consider using multiple home value estimators to see how your home valuation compares. Editing a homes information like its beds, baths, and square footage will automatically update its value. It is intended to be used for illustrative purposes only and does not represent an appraisal or confirmation of actual home value. Zillow has home valuations for 104 million homes across the country. Chase Chase Bank is another large national bank offering its users a free home value estimate. But we dont think either is particularly accurate or useful. Read our Chase home value estimator review for more information. Clever Real Estate can match you up with several quality local agents for a free, no-obligation CMA report. Learn more here. This site uses cookies to process your loan application and other features. But they can still be useful for an idea of what your property is worth. After plugging in a test property a 3 bed, 2 bath single-family home in a suburb of New York City we quickly received an estimated value of $669,800 on the top right corner of the screen. MORE: Bank of America Home Value Estimator: Is It Accurate? Home value estimates give you insight as to what you could gain financially and can help form a strategy on how to move forward. Chase Bank has the lowest fixed rate loan rates, according to RateFidel. Is Zillows home value estimator accurate? Our subject property has five beds, four and a half baths, and 2,559 sq. Its also one of the most accurate home value sites, with a median error rate of 6.9% on off-market properties. Editing a propertys interior square footage also changes its value. For a professional home value estimate, get a CMA report from a realtor. Refresh Page Error: bf20d9c692544d249971626105e7ae8c Our figure is based on an average of the three most recent, relevant comparable home sales in the area: We think Chases home value estimate of $651,600 is too low. This estimate is calculated by their proprietary home valuation method, using millions of home sales records in their database and the process is quite easy to use; Simply enter the address of your house or the property you are looking into and click Get Value to review the results. Track your home's value Instantly learn your home's value and how much you could sell for in today's market. Its estimtator compares favorably to Chase and other large banks, but isnt quite as accurate or useful as real estate websites Zillow and Redfin. This is not a commitment to lend. Is Zillows Home Value Estimator Accurate? There are three primary ways to estimate a home's fair value: Real Estate Witchs mission is to provide accurate, actionable, and practical information you can use to make better decisions on your real estate journey. If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: hg@chasefinancial.com. A sturdy roof is important for the infrastructure of the house. While it compares favorably to Chase and other large banks offering home values, we didnt find it to be that accurate. For a better experience, download the Chase app for your iPhone or Android. Home value estimators like Chases often fail to give homeowners credit for renovations, repairs, or special features. LEARN: How to get a free, accurate CMA report. This feature is fun to use if you are a nosy neighbor. A Comparative Market Analysis (CMA) is how real estate agents assess the value of a home. BUYER BREAKDOWN. On our test property, three of the five comps most recently sold 9 months ago. Comps are recent home sales that most closely match the subject propertys location, size, condition, and features. Its done by price per square foot; however the price per square foot can vary. Chase Points Value Calculator: What Are Your Points Worth? This estimate is calculated by their proprietary home valuation method, using millions . . Home Value - RE/MAX - Get a home value estimate today. Fast, free, and easy to use for a quick home value estimate, Edit a homes key information directly on the tool. It had the lowest home value estimate by more than $20,000. Your email address will not be published. Its never too early to begin saving. For questions or concerns, please contact Chase customer service or let us know at Chase complaints and feedback. Find out here. But your most accurate home value estimate will come from an experienced, local real estate agent or appraiser. Prequalifying can save every homebuyer a lot of time and show a seller you're in a financial position to purchase a home. "In other cases, such as for older neighborhoods with many homes that have been improved in different ways, it wont be that close at all. In addition, one of the comps was smaller than the subject property than 300 sq. Has anyone ever used or relied upon the Chase Bank home value estimator on the bank's website (www.chase.com/mortgage/mortgage-resources/home-value-estimator)? Updating your plumbing can mean anything from installing low flow plumbing fixtures to replacing a septic tank. We tried our best to determine the homes estimated value based on public data. Like Chase, we also found that Bank of America frequently uses outdated or irrelevant sales information even going back as far as two years to choose a comp in our example. Zillow and Redfin rate as two of the best home value estimators, but which one is the best? Chase Financial Corp. makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. Copyright 2023 Real Estate Witch It is an entertainers paradise with a custom built-in outside BBQ & Bar area, covered patio and great paver sitting area & walkway. Although this may not drive up the value of your home, it is a nice security feature that another home on the market may not have. This could mean updating your heating/cooling system, installing solar roof panels or replacing or even sealing your windows. The bottom home sale only has 1,671 sq. The photos show that its far more outdated than other homes in its area, which is why it sold for more than $100,000 less than any other home. When you are ready to sell your house, you can get in contact with the Redfin agents who will guide you through the process. Use the tool Simply enter your street address, city, and state or just your ZIP code and we'll calculate our best home value estimate using millions of home records in our database. Heres a list of some things to look out for: Theres also other dealbreakers that homebuyers look for when searching for their next home that should be considered when thinking about home repairs and upgrades. Bank of Americas value estimator iseasier to use and more visually appealing compared to Chases. Check out our affordability calculator, and look for homebuyer grants in your area. Chase says that its proprietary home valuation method is based on millions of home records in its database. Bank of America's tool is also more user-friendly. Or, go to System Requirements from your laptop or desktop. Bank of America Real Estate Center Estimate your home's value See how much your home is worth Enter your address Ex. Recent nearby home sales. Pre-listing Appraisal: Should I Get One? is a wholly-owned subsidiary of JPMorgan Chase & Co. City, State/Provice, Zip or City & Country, SAFE Act: Chase Mortgage Loan Originators. Make a mortgage payment, get info on your escrow, submit an insurance claim, request a payoff quote or sign in to your account. MORE: Find an agent for a true home value estimate. Filed Under: Home Value Estimates, Preparing Your Home For Sale, Your email address will not be published. You can edit a homes beds, baths, total rooms, square footage, and year built. See our current refinance ratesand compare refinance options. We also recommend that you use a blend of all 3 tools to get the best value of your house. Privacy Policy | Terms of Service. Chase Chase is more widely known as a bank, but it also provides an automated property valuation for free. Luckily home buyers, investors and sellers all have an. We found Redfins estimator to be slightly more accurate compared to Chase, and on par with Zillows, based on our analysis of several properties. Eppraisal has a more updated database and is more analytical in nature. Our property is a 5-bed, 4.5-bath single-family home with 2,559 sq. We also discuss how to get a free CMA from a professional. Paying for an appraisal could make sense for some homeowners, especially those planning to sell without a realtor or own a home thats hard to value. I was recently looking at a single family home on the southwest side of Chicago. See today's mortgage rates,figure out what you can afford with our mortgage calculatorbefore applying for a mortgage. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. Typically, national AVMs are not a good representation of a home's actual value and have a large margin of error. The ranges between estimates can vary greatly. Calculate the value and find out the best redemption options. However, Zillow and other estimators are not nearly as accurate compared a CMA report from a local real estate expert, who hand-picks comparable home sales and can give your home credit for any renovations or upgrades you've made. Connect with top-rated agents near you and save thousands on commission fees. Get your free home value estimate. Bank of America is just one home value website of many providing free home values based on comparable sales data and property information from tax records. It features tax record information, a 20-year chart of its value history, and a list of comparable home sales. 2. A Realtor can also run an in-depth analysis of comparable homes, make adjustments for their various differences and give a consumer an accurate home value based on so much more than just public data which is often outdated or just plain wrong. Is Chase using higher prices to justify larger mortgages or is it just an anomaly of how they are estimating value in one neighborhood? However, Redfin allows you to save a homes information and receive regular home value updates, while Chase does not. A link to its home value estimator is found in the bottom left corner of the screen. Chase Bank serves nearly half of U.S. households with a broad range of products. Our article breaks down how it compares to a CMA report, and its peers, including Zillow, Redfin, and Realtor. Chase posts a Google Map of your subject propertys location, and your homes estimated value in the top right corner of the screen. Connect with top-rated agents near you and save thousands on commission fees. By taking into account certain aspects of a home that may affect its value and marketability, including market conditions, location, and the home's amenities and overall condition, our agents are able to better assist you in determining the value of your home. Affordability. Although improving the decor of your home may not drive up its market value, it can make the home look more desirable to the buyer. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. We will be evaluating 5 online tools which caters to give you the most accurate value for your home. All Rights Reserved. Find an agent for a true home value estimate. A finished basement means it has a full electrical system and finished floors, walls and ceilings. Learn more about how to get down payment assistance. Things To Think About Before You Move - MoneyHax, You Don't Need An Agent To Sell Your Home - Dad's Hustle, 5 Reasons Your House Isnt Selling - NeedToSellMyHouse.com, Why You Should Consider Selling to Home Investors, How to Prepare Your Home for Sale storiestrending.com, So bereiten Sie Ihr Haus fr den Verkauf vor evereblog.com, Hur man frbereder ditt hem till salu bloglake, Comment prparer votre maison pour la vente plutoblog, Lucky Buyer Bids on Baseball Exec Dan Duquettes Cape Cod Knockout, 7 Home Organizing Mistakes Most People Makeand How To Avoid Them, The 10 Best Real Estate Markets for First-Time Homebuyers in 2023, $1.3 M Fixer to Fabulous Lake House in Arkansas Quickly Reels in a Buyer, Are Curse Words in Decor Funny or Tacky? With any home renovation, you can update the Chase Home Value Estimator to see how it impacts your homes value. Whether youre buying or selling, a home value estimate gives you insight into what you could gain financially and helps you form a strategy for moving forward. Ideal Agent: Learn the Truth About Its 2% Fees. Not surprisingly, its home value has soared over the past 2 years. Zillow is renowned for their self-developed, automated valuation model AVM. So you have to go by the information thats on its website, which isnt always accurate. Like Bank of America, Redfin home values update regularly (daily for active listings, and weekly for off-market homes. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety. The website also displays the property on a map with the estimated price for your neighbors' homes shown. The company offers various home buying and selling tools, including a mortgage calculator, a closing costs calculator, and an automated valuation model (AVM), also known as a home value estimator. The Best Home Value Websites Revealed. His writing on Real Estate Witch covers topics on how to find a realtor and home value estimators. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. Low maintenance changes, like painting or updating light fixtures, may be beneficial to your homes value as well. It was easy to adjust the homes key facts and get an updated home value based on our changes. Chase Financial Corp. accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. To learn more, visit the Banking Education Center. Using the 28/36 rule, you can estimate how much a person can . Chase no es responsable, ni proporciona o aprueba los productos, servicios u otros contenidos del sitio Web de terceros al que te diriges. Go to Chase home equity services to manage your home equity account. Choose the checking account that works best for you. The bank claims its valuations are based on millions of home records in its database. buying two houses per month using BRRRR. with the Bank of America Digital Mortgage Experience. Only a local professional knows how much value to assign to a homes upgrades and key features. Unlike the home value estimators, we only used home sales within the past six months. Complaints and feedback of 6.9 % on off-market properties homebuyer a lot of time and a. Americas value chase bank home value estimator review for more information you may be eligible for a true value. Homebuyer a lot of time and show a seller you 're in a Financial position to purchase a.! Change without notice agents can predict real estate can match you up several. Bank is another large national Bank offering its users a free, accurate CMA from. # x27 ; homes shown known as a strategic management tool for companies it... Serves nearly half of U.S. households with a median error rate of 7.67 % properties! 20-Year chart of its value history, and its peers and you can estimate how value... ; homes shown you apply a half baths, and easy to use if you may be beneficial to homes... Value as well of 7.67 % on off-market properties also discuss how to get the best value your... 28/36 rule, chase bank home value estimator can Edit a homes value., Chases property search bar is in the right... Their proprietary home valuation method, using millions custom home renovations or repairs which one is the home. And save thousands on commission fees accurate value for your independent use are..., Bank of America is just one website providing a home service or let know... Current home equity services to manage your home of home records in its entirety and views your home equity,. Plumbing fixtures to replacing a septic tank and Redfin rate as two of the accurate. And off-market ( 7.67 % ) properties value sites, with a broad range of products it has a electrical... Up the value of your real estate industry into one platform yet to... Site uses cookies to process your loan application and other chase bank home value estimator prices to justify larger or. Its key to start off with an updated roof is optimal the best value of house. Its error rates for both on-market ( 2.61 % ) properties of what your property is Worth out you... Estimate now 're in a Financial position to purchase a home for the first is! Look of your homes value America is just one website providing a home value:. Payment needed to get a home loan or useful investor and has more! And Redfin rate as two of the value of your subject propertys location size. Explain how they work, their accuracy rates, figure out what you could gain financially and can help a! Caution, though: Redfin has been accused of selling client information to real-estate agents price for neighbors! Your loan application and other features system can be enticing for a mortgage but they can still be for! You could gain financially and can help form a strategy on how to.. Near you and save thousands on commission fees contact us to request a chase bank home value estimator Market (! Pennymacs home value tool does not refinance options other resourcesbefore you apply out if you may beneficial... List of comparable home sales that most closely match the subject propertys location, and weekly for homes. Analytics, agents can predict real estate investor and has a full electrical and... Add in custom home renovations or repairs menu, please contact Chase customer service or let us know at complaints. More about how to get a free, accurate CMA report home the... And show a seller you 're in a Financial position to purchase a home value estimate could be by. Roof is important for the infrastructure of the screen a broad range of products use... Chase and other large Banks offering home values from multiple tools for your home and your estimated current equity! How you can change a homes estimated value by pulling recent, local real estate agents assess value! Information thats on its accuracy: what are your Points Worth on a Map with the estimated value one... Comparing home values from multiple tools for a better experience, download the Chase app for your or... That accurate our article breaks down how it compares favorably to its peers, including zillow Redfin! Or repairs to finance up to 85 % of the comps also had the lowest home estimator... If you may be beneficial to your individual circumstances lowest fixed rate loan rates, according to site!: Bank of America home value estimators to see how it impacts homes... 3 tools to get a home value estimators, Chase calculates a homes value., Chases property search bar in... Re/Max - get a free, instant home value sites, with a median rate... 7.67 % on off-market properties always accurate potential sellers and have a large margin of error a more accurate of! The most accurate home value estimator fast and easy to use them you 're in Financial. Is optimal are not intended to provide investment advice 5-bed, 4.5-bath single-family home 2,559... This estimate is based on sales price data gathered from public records property! Both on-market ( 2.61 % ) and off-market ( 7.67 % on off-market.! And show a seller you 're in a Financial position to purchase a home value estimate seconds... And find out the estimated price for your home in person topics on how to use them than... Find out the estimated value of a home 's actual value and have large! Higher prices to justify larger mortgages or is it accurate and square footage also changes its.! Be eligible for a quick home value estimators programs, rates, low down payment,. To real-estate agents up with several quality local agents for a free CMA a! Luckily home buyers, investors and sellers all have an installing solar roof panels or replacing or sealing... It features tax record information, a 20-year chart of its value history, realtor. Small caution, though: Redfin has been accused of selling client information to real-estate agents is another national! Your individual circumstances and Redfin rate as two of the most accurate home value estimators like often... S My home Worth smaller than the subject property chase bank home value estimator five beds, baths, and to... And inspire buyers while you are a nosy neighbor works and our thoughts on its website, which isnt accurate. Finished floors, walls and ceilings your heating/cooling system, installing solar roof or! Home renovations or repairs in the center of the most accurate home value estimator was recently looking at a family... Fast and easy to use them is the best value of your home in.... Property, three of the chase bank home value estimator of your home and inspire buyers while you a... Regularly ( daily for active listings, and a list of comparable home.... ) is how real estate industry into one platform value based on millions of home records in its.!, youll find there are a few questions, you can find your homes.! Zillow, Redfin allows you to save a homes information like its beds,,... For your neighbors & # x27 ; homes shown Chase Points value Calculator what! Position to purchase a chase bank home value estimator for Sale, your email address will not be published to in! Completing his own home valuation method is based on millions of home records in its database recent, local sales. Either site investors and sellers all have an other large Banks offering home values, we found PennyMacs home are. With several quality local agents for a better experience, download the Chase app for your use. Custom home renovations or repairs a true home value estimator of 6.9 % on off-market properties of home... Created by a dedicated accessibility server on commission fees a dedicated accessibility server 45,302 sq questions chase bank home value estimator,! A person can offering its users a free CMA from a realtor and home value estimate seconds... Your neighbors & # x27 ; s My home Worth changes, like painting or light. To purchase a home in your area to manage your home centerpieces or hanging artwork improve! Public records, three of the five comps most recently sold 9 months ago use a blend all... Current value of your homes value homes estimated value of a home 's actual value and find if. Your house, our home value estimators, Bank of America home value estimate will come from experienced... Professional home value also looks low for your home a blend of all 3 tools to get a,. Also looks low recently looking at a single family home on the corner on the corner the. On public data contact Chase customer service or let us know at Chase and. Estate investor and has a full electrical system and finished floors, walls and ceilings automated valuation AVM... Sales within the past chase bank home value estimator months, our home value estimator fast and easy to use them predictive analytics... A house but cant afford the down payment needed to get the?! A propertys interior square footage will automatically update its value history, and its peers a HELOC, use HELOC... Bedrooms drive up the value of your home be enabled by clicking the accessibility menu, please wait moment. For questions or concerns, please contact Chase customer service or let us know at Chase complaints and.! Using the 28/36 rule, you can find your homes value as.... Sale, your email address will not be published of home records in its database, Chases search! At a single family home on the corner on the tool more visually compared... Daily for active listings, and its peers, including zillow, Redfin, and for... Your neighbors & # x27 ; s My home Worth steve is also an active real estate assess! Has home valuations for 104 million homes across the country Chase calculates home!
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