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Newly Remodeled 4BR Cordova TN Home! 1432 Fieldstone Trail

by Melissa Thompson

1432 FIELDSTONE TRL, Cordova, TN

Just Listed

$ Click for current price
4 BEDROOMS | 2 Baths (2 full ) BATHROOMS |

For more information, contact Melissa Thompson at (901) 729-9526. Visit http://www.crye-leike.com/memphis/10065992 to view more pictures of this property. Absolutely Charming 4BR, 2BA Completely Renovated Home in a Quiet Neighborhood Located Close to Shops & Restaurants Featuring Updated Fixtures, Remodeled Bathrooms, Gleaming Hardwood Floors, Neutral Colors, Lush Landscaping, Tons of Built-Ins, Spacious Great Rm w/Cozy Stone Fireplace, Wonderful Eat-In Kitchen w/Full Complement of Stainless Steel Appliances-Oven,Range,Microwave,Dishwasher,Refrigerator, Laundry Rm, Garage w/Organizers, Delightful Fenced Backyard w/Patio, Attic, Security System!

 

Thinking of Selling Your Home? The Waiting Is The Hardest Part.

by Melissa Thompson


Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home.

We can see the overall economy is good: wages are rising, there are near record-low unemployment rates, and mortgage interest rates are still very low too. Over the past 10+ years the housing market has stabilized, so what (if anything) is the biggest challenge in the housing market today?

The answer is simple: it’s inventory.

According to the Existing Home Sales Report by the National Association of Realtors,

“Total housing inventory at the end of September sat at 1.83 million, approximately equal to the amount of existing-homes available for sale in August, but a 2.7% decrease from 1.88 million one year ago. Unsold inventory is at a 4.1-month supply at the current sales pace, up from 4.0 months in August and down from the 4.4-month figure recorded in September 2018.”

What does this mean?

While homes are coming to the market, they aren’t coming fast enough! Right now, across the country there is less than 6 months of overall inventory of homes for sale, putting us in a seller’s market. The challenge is that there are not enough homes for sale to increase the supply needed for the number of people who want to buy, especially in the starter and middle-level markets.

To be in a balanced market (meaning we have enough inventory for the number of buyers in the market), we need to have 6 months of inventory available. Today we are nowhere near that number, and as a matter of fact, the last time we reached that height was August 2012 (as shown in the graph below):

Thinking of Selling Your Home? The Waiting Is The Hardest Part. | MyKCM

When we look at the inventory challenge today, we can see that now is a great time to sell your house. Truthfully, waiting may end up being the hardest part in the long run. This landscape is a great place for sellers who own homes in the starter and middle-level markets to take the opportunity to sell in a sellers’ market, before inventory catches up with demand. Serious buyers are actively in the market and ready to make a move at this time of year. When inventory is limited at the lower end, like it is today, selling before more homes are listed could mean a significant seller’s advantage to those who are ready to move up. The upper level of the market has much more inventory available to move into, so it’s a win across the board.

Bottom  Line

If you’re considering selling your home, don’t wait – now is the time to make your move! Take advantage of the high housing demand and the low inventory of homes for sale at the lower end of the market and use your purchasing power while mortgage rates are low to go after the move-up home of your dreams. Let’s get together to decide if now is the right time for you.

 

Contact Melissa Thompson at (901) 729-9526 and get your house on the market today!

 

By: KCM Crew

The History of Halloween

by Melissa Thompson


Have you ever wondered how Halloween started?  Now that Halloween is just a few days away, it’s a good time to learn a little bit about the history of this scary, fun-filled, candy coma inducing holiday!

When we think of Halloween, we think of candy, costumes, haunted houses and trick-or-treating. But the word Halloween literally means “hallowed evening”. There was a time, long ago in Europe, when it was known as All Hallows’ Eve.  All Hallows’ Eve (celebrated on October 31) and All Saints’ Day (celebrated November 1) were both times to honor saints (“hallows” means “saints”). Eventually the two celebrations were combined in to one name – Halloween.

Halloween is celebrated on October 31 because the ancient Gaelic festival of Samhain, considered the earliest version of Halloween, occurred on that day. Samhain  It was a time of year when the season changed and people believed that the wall between this world and the next became thin, allowing the two worlds to connect.  The idea of being able to communicate with the dead lead to Halloween becoming known as a haunted holiday.

Back in the old days, people would dress up as saints and go door to door singing songs and reciting verses. Children would ask for “soul cakes” (similar to biscuits), which eventually evolved into trick-or-treating. It wasn’t until the early to mid-1900s that giving out candy became mainstream in the U.S. People would give candy (treats) in the hopes that it would prevent them from being the victims of holiday pranks. (tricks)

Costumes also evolved from being tributes to saints to wearing scary-looking costumes in order to give unsuspecting neighbors a fright.  This custom began with some young Scottish and Irish pranksters and thanks to them, now dressing up for Halloween has become a tradition of wearing spooky, funny, and creative costumes of all kinds.

Halloween is a popular holiday in America today, but it almost didn’t make it here. The Puritans disapproved of the holiday’s pagan roots and did not take part in Halloween celebrations.  Then Irish and Scottish immigrants began arriving in America in great numbers, and with them came the celebration of this fun holiday where people would sing, dance and tell ghost stories to commemorate the upcoming harvest. 16 American Holidays, Ranked

By the early 20th century, it is estimated that Halloween was celebrated by the majority of people across the nation.  This year will be no different. Millions of people will put on costumes, go to parties, decorate their homes, and indulge in their favorite candy treats. The Melissa Thompson Team at Your Key to Memphis wishes you a happy, fun-filled and safe Halloween!

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

Photo Credit: oghamart.com

Selling Your Home in the Fall is Smart and Here’s Why

by Melissa Thompson


While summer is considered by many to be the hottest time for selling a house (both literally and figuratively), sometimes circumstances require you to sell during a different time of the year.  This fall might be exactly the right time to sell.  Homes are still in demand and there is a good chance you will find a buyer before the end of the year.   Here are some perks to selling in the fall:

  1. Buyers are serious about finding a house in the fall. They want to get settled into a new home before the holiday season begins.  The pressure is on for them to find their new home quickly and this puts you (the seller) in the driver’s seat when it comes to negotiations. 10 Tips to Help Sell a Home in Autumn
     
  2. There is less competition in the fall. Many sellers needed to close and move before school started, so fewer houses are for sale.  With less to choose from, buyers can’t afford to be quite as picky.
     
  3. You will be dealing with different types of buyers.  Families often move in the summer to accommodate school schedules.  Empty nesters and millennials are more likely to be looking in the fall. In addition, employers who need to relocate their workers often wait for fall to avoid the hot market during spring and summer.  A speedy closing is the goal of most of these buyers, which means you are more likely to get the best price possible for your house.
     
  4. Fall is pretty.  The weather is cooler; the leaves are changing colors and fall décor can make homes look and feel warm and cozy.  This is a great time of year to dress up your house to entice buyers. 33 Elevated Ways to Decorate Your Porch This Fall

So, if you have been thinking about putting your house on the market, don’t wait until spring. Contact Melissa Thompson at (901) 729-9526 and get your house on the market today!

Photo Credit: angieslist.com

Improvements that Won’t Increase the Value of Your Home

by Melissa Thompson


Preparing to sell your home can be a stressful process.  Often you will find yourself making improvements just for the sake of the sale.  While some of these enhancements may boost the look of your property and make it easier to sell your home, you will be surprised to discover that they do not increase the value of your home.  In fact, some improvements might actually detract from it.  Here is a list of home improvements that do not increase the value of your home:

  1. EXTENSIVE PROFESSIONAL LANDSCAPING

Landscaping choices are a personal preference.If you are going to invest in elaborate landscaping, you should do it for your own enjoyment, because no matter how grand your yard is, it’s not going to bring you big bucks upon resale.

  1. NEW ROOF, GUTTERS, SPRINKLERS OR HVAC

There are certainly buyers in the market who will be looking for homes that have newer features, but they won’t pay more for them.Replacing things that are broken or past their life expectancy is considered home maintenance and not something buyers expect to pay for. Home Improvement vs Home Repairs and Maintenance

  1. SWIMMING POOL AND/OR PERSONAL SPA

While water-related improvements can provide a lot of fun and entertainment for your family, the cost of installing a pool or spa never finds its way back to you. In fact, some buyers will ask that you take the spa with you or won’t purchase a house with a swimming pool.Installing a pool or spa should only be done for your own pleasure.

  1. MAKING DATED IMPROVMENTS

If you think you might be selling your house, you need to be careful about making improvements that are not in style. For example, you might love white appliances in your kitchen, but because these are not currently trendy, potential buyers are not likely to feel the same way. 7 Home Decor Trends for 2020

  1. PAINTING YOUR HOUSE

Painting may be the single most cost-effective improvement you can make before selling your home, but it won’t get you any bang for your buck unless you do the painting yourself. Fresh paint on the exterior or interior of your home absolutely makes the home more saleable, but an appraiser will not give you a credit boost for it.

  1. SOLAR PANELS

The people selling you those solar panels will tell you that they will improve the value of your home and add to your bottom line profit, but it’s not true. You get zero approved value for solar panel installation.

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

A Homebuyer’s Guide to Choosing the Right Neighborhood

by Melissa Thompson


When you are searching for a new home, location is one of the most important factors to consider.  You might love a house, but if it’s not in the right neighborhood, it may not be the right house regardless of how much it appeals to you.  So, before you start scrolling through home listings online, it’s smart to have an idea of WHERE you want to live.  Here are some things to consider when searching for the right neighborhood:

  • You may have heard this saying before: “It’s better to have the worst house in the best neighborhood than the best house in the worst neighborhood”. While nobody really wants to live in the “worst” house anywhere, there is some good logic behind this statement.  If you ever plan to sell your home, it’s value will be impacted by the surrounding homes in the neighborhood.  For that reason, you will have better resale value if you’re surrounded by homes that are similar to yours.  So, it is a good idea to research home values in the neighborhoods that appeal to you.  How to Buy the Worst House on the Best Block
     
  • How important is convenience to you?  Some people prefer living in more rural areas, but others desire close proximity to things like major interstates, shopping areas, medical facilities, and schools.  Before you start your home search it’s important to decide how much convenience matters to you.  In addition, you may want to think about the fact that having a home that is convenient to highways and such can have a positive impact on your resale value.
     
  • Are home values rising or falling in the neighborhood? If a neighborhood has home values that are climbing, that’s a positive indication that it’s a good place to buy.  However, if a neighborhood has stagnant or falling home values, it might not be the best place to look for a home.  Many things can have an impact on home values; for example, if an area is growing with new businesses, the career opportunities involved can lead to rising home values in the area. Memphis Home Prices & Values
     
  • Does the neighborhood have an HOA? (Home Owners Association)?  Some people love an HOA.  They appreciate how it protects home values by establishing rules for maintaining the appearance of the homes and neighborhood. They also enjoy perks such as a neighborhood pool and clubhouse, parks, and walking trails.  However, for other people, an HOA is a deal breaker. They don’t care for the rules and regulations (and payments) that come with it.  HOA regulations and costs vary from neighborhood to neighborhood, so it’s important to research them before you decide to live in a community with an HOA.
     
  • How are the schools rated?  Whether you have children or not, the school system is an important factor when choosing where to live. If you plan to send your children to public school, you will definitely want to live where schools are highly rated.  You may think that if you don’t have kids in school, that it doesn’t matter how the school system is rated. But that thinking is a mistake. The truth is that the rating of a school system can have a huge impact on your resale value; positive or negative. Memphis TN Public School Ratings
     
  • How safe is the neighborhood?  Safety is important to everyone. Nobody wants to live in a neighborhood that isn’t safe.  You can research crime statistics for neighborhoods online.  If you are relocating to a new state and you’re not familiar with the area, an experienced local Realtor is a great resource to help you determine what areas are safe for you and your family.

There are so many factors involved in the home buying process, but determining the right location is a decision that requires thought and research.  Once you have found the right place, then you can start searching for the right house!

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

Photo Credit: memphisrap.com

A Guide to Keeping the Flu Out of Your Home

by Melissa Thompson


Most people have a favorite season. But there is one season that everyone can agree is the absolute worst. Flu season.  It’s that time of year again and chances are if one member of your household gets the flu, everyone will get it.  Germs can start spreading even before any symptoms appear, meaning your family can be infected up to a week before anyone starts actually feeling sick.  However, there are some things you can do to help keep the flu from spreading:

  • First things first. GET VACCINATED.  According to health experts, getting a flu vaccine is the single most important thing you can do to prevent flu.  The CDC (Centers for Disease Control and Prevention) recommends flu vaccines for everyone 6 months and older who hasn’t had a previous bad reaction or isn’t allergic to egg or mercury. Who Needs a Flu Vaccine and When
     
  • Cover your mouth and nose.  It is believed that flu germs via droplets from the nose and mouth.  When you cough or sneeze, use a tissue to cover your nose and mouth.  Be sure to throw away the tissue right away and wash your hands immediately.  If you don’t have a tissue available, use the crook of your elbow to cover your mouth and nose. 
     
  • Try not to touch your eyes, nose, and mouth.  Per the CDC, flu germs can live for two to eight hours on hard surfaces. That means that it’s easy to pick up flu germs just by touching something that has been touched by someone who is infected. So, keeping your hands away from your face is vital!
     
  • Wash, wash, wash your hands!!  Not only do you need to wash your hands, you need to wash them properly.  When and How to Wash Your Hands
     
  • Stay away from other sick people.  I know it can be easier said than done, but if you know someone is sick with the flu, try to steer clear.  If you are the one who is sick, STAY HOME!  Don’t try to push through at work or school, not only because you need rest, but because you will infect others.  Avoid sharing personal items with the infected person such as washcloths, towels, dishes, toys, and utensils.
     
  • Clean your house. Now is the time to break out the disinfectants!  Since the flu germs can live on hard surfaces, it’s more important than ever for you to keep them super clean.  Take special care with germ hot spots such as kitchen sponges, dish cloths, sinks, toilets, and cutting boards. 
     
  • Live a healthy lifestyle.  By living a healthy lifestyle you are better equipped to fight off germs.  Get plenty of sleep, drink lots of water, eat fruits and vegetables, exercise regularly, and manage your stress.

Follow these tips and keep you and your family healthy this flu season!

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

Photo Credit: aarp.org

Starting a Home Search? Answer These Questions First!

by Melissa Thompson


The decision to purchase your first home is not one that should be made lightly.  It is an important, life-changing decision that should be given serious consideration.  So, before you take the plunge into searching for the perfect home, here are some questions you should ask yourself to make sure that you are ready:

  • Can I afford a home?  The first step is to determine if you can afford to buy a home based on your current financial situation. Using a home-affordability calculator will help you figure out how much you can afford by plugging in your income, debt and the amount of a down payment you will be able to make.   You will now have a number for the highest amount you can afford and what the monthly payment will be. How Much House Can I Afford?
     
  • Is it better for me to rent or buy?  The answer to this question depends upon what kind of market you are in because inventory can make a huge difference. Using a rent vs. buy calculator will allow you to crunch the numbers. You can enter the current amount of rent you’re paying (or how much you would be able to pay) and the zip code where you want to live. The calculator will provide a comparison of the cost of buying a home versus renting in that area.  You will also be able to see which option is more cost effective over time. Rent vs. Buy Calculator
     
  • How long will I live here?  If you plan to stay in a home for a long time, it is generally better to buy versus rent. If you’re going to be living somewhere for a short term, renting might be the better option.  The reason is that when you buy a home you will likely have to pay closing costs which can total in the thousands of dollars.  In addition, most of your early mortgage payments go toward interest rather than paying down the principal, which is the actual amount you owe on the home.  A good rule of thumb is that home buyers should stay put for at least five years.  Otherwise, renting is the better option.
     
  • Are you saving for retirement?  Retirement may seem a long way off to young home-buyers, but it is important to start saving early.  It’s not a good idea to neglect your retirement accounts in order to “save” money to put down on a house.   Consider meeting with a financial counselor who can help you find a balance in saving for retirement and saving for your first home at the same time.
     
  • Am I ready for the responsibility?  Owning a home is a huge responsibility.  With rentals, you can call your landlord to fix things that aren’t working in the home, but as an owner, it all comes down to you.  You need to be sure that you have the time, willingness and resources to keep up with home and yard maintenance.

If you are ready to start your home search in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

Photo Credit: denverpost.com

Tips for Selling a House Quickly

by Melissa Thompson


Nobody wants to be in a situation where a house must be sold quickly, but sometimes circumstances beyond our control occur and suddenly there is a mad rush to get a house on the market and sold pronto.  If you find yourself in that situation, don’t despair!  I am here to tell you that you CAN sell a house quickly and for the best possible price.  The following tips will help you get your house ready inexpensively, and before you know it you will receive an offer and be on the move!

  1. HIRE A PROFESSIONAL REALTOR: Seriously. You will be so glad you did. Find a Realtor with a track record of sales that lets you know that he/she can sell a house quickly.  One way to be sure you find the right Realtor is to check TESTIMONIALS. If a Realtor has a lot of happy clients, there is a good chance you will be happy too!  Now is not the time to hire someone because she’s the friend of a friend, or he went to the same college as you.  Do your research and find someone who will truly make this process as stress free as possible for you while successfully marketing and selling your home.
     
  2. RENT A STORAGE UNIT: You don’t have a lot of time to declutter your home, so you need to be smart about it.  Shoving extraneous items in your closets is not a solution because potential buyers walking through your home will be looking in said closets.  A better option is a storage unit that can house anything that you need to get out of the house while it is on the market.  The best rule of thumb is that if you don’t use something daily, store it. Keep in mind that if you rent a portable storage unit, you can have your things transported to your new home once you have moved. Portable Storage Units in Memphis TN
     
  3. USE A PROFESSIONAL STAGER AND PHOTOGRAPHER:  It’s always important that potential buyers get a stellar first impression of your home, but even more vital when you are in a hurry to sell.  Experienced home stagers are able to look at your house and see it from a buyer’s perspective.  They know how to emphasize the positive and down play the negative.  Equally important are your listing photos.  The more photos you have, the more likely your property will be viewed online.  If hiring a professional photographer is not in the budget, then do your homework and be sure to take the best photos possible. Top 33 Real Estate Photography Tips & Mistakes to Avoid
     
  4. TAKE THE “YOU” OUT OF YOUR HOME: Potential buyers want to look at a home and imagine it as their own. It’s hard to do that if they are surrounded by your family photos and personal treasures.  Let’s face it, your little one’s art project may be a “Mona Lisa” to you, but might just be distracting to a buyer.  Keep it simple with the art…you want them to see the house and how it could be their home.
     
  5. BRING ON THE LIGHT: A poorly lit home comes across drab and dreary.  Who wants that?  Brighten things up with both natural and artificial light. When your house is going to be shown, make sure window coverings are open and turn on lights in all part of the house.  Consider new paint if any of your rooms are dark colors.  A fresh coat of a light, neutral shade will not only make a room feel brighter, but bigger as well.
     
  6. MAKE SMALL HOME IMPROVEMENTS: Now is not the time to start a major renovation.  Focus on small improvements in rooms like the kitchen and bathroom, where return on investment is most likely to occur.  Small, inexpensive touches such as a new shower curtain or new hand towels can give a room a boost. And if you have old, run down appliances, spending a little money to get shiny new ones will be well worthwhile!
     
  7. SPRUCE UP CURB APPEAL: First impressions matter…A LOT. When a potential buyer pulls up to your house, it is vital that they like what they see on the outside, or they might not ever make it inside. Make sure your yard is tidy by mowing and edging the lawn, trimming up shrubs and putting down new mulch.  Use a pressure washer to clean the exterior of your home along with your driveway and sidewalks.  Put a fresh coat of paint on your front door and create a welcoming aesthetic on your front porch with some pretty flowers. Remember…you can’t sell your house if people don’t see it.  A lovely exterior indicates an equally lovely interior.
     
  8. SHARE, SHARE, SHARE: Take part in promoting your home. Your Realtor will take care of listing it, but you can use your own social media to get the word out too! Don’t be shy. Send your listing to as many people as you can. You never know who might know someone, who knows someone, who knows someone that is looking for a home where you live!

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

Home Décor 101

by Melissa Thompson

Whether you are moving into a new home, or you just want a fresh look for your current home, deciding on your home décor style is the first step toward creating a space that brings you joy.  You must ask yourself what style you like and, especially if you’re going to hire a decorator, you need to be able to put a name to that style. Contemporary, shabby chic, industrial, modern…the list goes on and on. With so many different options it is understandable if you are not familiar with the vocabulary used to describe them.  Here is a handy list of 8 popular home interior design styles along with descriptions to help you decide on the perfect one (or combination of styles) for your home:

  1. BOHEMIAN 

    This popular home and fashion design style reflects a happy-go-lucky lifestyle with the goal of simply following your heart. A bohemian home is often multi-cultural in that it contains globally inspired furniture, art, textiles, and rugs.It’s also common to find vintage pieces from furniture to displays of collections in a bohemian home.It’s an eclectic style that can incorporate items from various other styles. The key to creating a bohemian home is fill it with things you love!

     
  2. CONTEMPORARY

    Contemporary design often gets confused with modern, but they are different. Modern refers to furniture and design that is from an era that has passed. Contemporary is all about the here and now and even looks to the future. Another difference between the two is thatcontemporary design is more fluid than modern.For example, it can include curving lines while modern does not. If you like state-of-the-art materials, glass, and metals, contemporary is the way to go!

     
  3. FRENCH COUNTRY
    This style utilizes warm, earthy colors and worn wooden furnishings with farmhouse inspiration. Natural materials like stone and brick along with rich colors of red and yellow combine to create a French Country space.French Country design often also includes collections of colorful porcelain dishes and luxurious linens and bed coverings. 19 French Country-Style Rooms That Will Take Your Breath Away

     
  4. INDUSTRIAL

    This style draws inspiration from, well, industrial spaces; like a warehouse or an urban loft.It’s common to see things like exposedbrick, concrete, ductwork, and wood in and industrial space. In fact, many homes with industrial design arefound in former industrial buildings. Sparse furniture, high ceilings, metal light fixtures are the markings of a space featuring industrial home décor.

     
  5. MID-CENTURY MODERN
    This style is a throw-back to the styles popular in the mid 1900s; mainly the 1950s and 60s.If you love all things “retro”,you will love mid-century modern design!It also includes elements of minimalism and functionality.Mid-century modern décor creates a neat space utilizing natural shapes and simple fabrics. 30 Mid-Century Modern Living Rooms with a Timeless Appeal

     
  6. MODERN

    The term “modern” is used to describe home design that includes clean lines, basic colors, and materials such as metal, glass, and steel.Simplicity is key in modern décor. The goal is to have a look that is polished and tidy, without a lot of clutter or accessories.

     
  7. SHABBY CHIC

    Inspired by vintage style, shabby chic design incorporates feminine elements that are soft and delicate.  Furnishings in a shabby chic space are distressed or painted/finished to give them an antique-like appearance.  The color palette used for this style includes white, cream and pastels.

     
  8. TRADITIONAL 
    If you like classic details, luxuriant furnishings, and lots of accessories, then traditional design is for you!Dark, finished wood, rich colors, various textures, and curved lines are elements you will find in a home with traditional décor. Most traditional designs include layering of fine fabrics like velvet, silk and brocade, utilizing many patterns and textures. 40 Traditional Designer Rooms

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor Melissa Thompson and let her help you with all your real estate needs! Give her a call today at 901-729-9526!

Photo credits: Pinterest

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