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How To Sell Your House Without A Realtor In Tennessee: A Step-by-step Guide

Published on May 12, 2023

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How To Sell Your House Without A Realtor In Tennessee: A Step-by-step Guide

What Are The Benefits Of Selling My House Without A Realtor?

Selling your house without a realtor in Tennessee can be a beneficial and rewarding experience. Although it may require more effort on the seller's part, taking matters into your own hands can save time and money.

Additionally, when you sell your home without an agent or broker, you have full control over the sale process from start to finish. You are also able to set the terms of the transaction as well as decide how to market and advertise your property.

Furthermore, there is no need to pay commission fees or other associated costs which can be quite expensive when using a realtor. For those wanting more autonomy during the sale of their house in Tennessee, selling without a realtor could be an attractive option.

What Are The Disadvantages Of Selling My Home Without A Realtor?

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Selling your home without the assistance of a realtor can be a daunting prospect, and it is important to understand both the advantages and disadvantages before making a decision. When you choose to sell your home without the help of a realtor in Tennessee, you will have to take on all the responsibilities necessary for a successful sale.

This includes finding interested buyers, marketing your property, negotiating offers, and completing paperwork. You are also responsible for any legal requirements with regard to inspections or disclosures that must be met in order for the sale to go through.

Without the guidance of an experienced realtor, this process can feel overwhelming and become time consuming. Additionally, since you are not working with a professional who understands market trends and values, you may not get as much money for your property as you would if an experienced realtor were involved.

How To Prepare For A Fsbo Sale In Tennessee

When it comes to selling your house without a realtor in Tennessee, preparation is key. It is important to be aware of the local laws and regulations that govern the FSBO process.

You should also make sure you have an accurate estimate of your home's value so you know how much to list it for. Additionally, you may need to obtain paperwork such as disclosure documents, inspection reports, and title insurance documents to ensure all transactions are handled properly.

Once these items are taken care of, create marketing materials such as flyers and yard signs to help draw attention to your house. Lastly, consider enlisting the services of a lawyer or other professional who can assist with any questions you may have along the way.

With proper preparation and understanding of the necessary steps involved in selling your home without a realtor in Tennessee, you will get one step closer to successfully completing your FSBO sale.

Tips For Pricing Your Home When Selling By Owner In Tennessee

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When selling your home by owner in Tennessee, pricing your house correctly is essential for a successful sale. It's important to research the current market value of your property and consider such factors as location, age, size, and condition of the home.

Additionally, explore recent sales of similar homes in the area and compare them to yours. You may also want to consult with a real estate appraiser or tax assessor for professional advice.

Furthermore, it can be beneficial to factor in estimated closing costs, such as inspection fees, title search fees, attorney fees, and transfer taxes. Ultimately, setting an appropriate price will help attract potential buyers and ensure you receive the most money possible from the sale of your house.

Negotiating Strategies When Selling Your Home Without A Realtor

When selling your home without a realtor in Tennessee, it is important to be familiar with the state’s laws and understand how to successfully negotiate on your own behalf. Knowing how to price your house correctly and understanding what potential buyers are looking for can help you get the best deal when selling your home.

Learning about financing options can also be beneficial when discussing terms with buyers. Being prepared and aware of current market trends can give you leverage during negotiations and help you gain an edge over other sellers.

Additionally, having an open mind to offers and being willing to compromise on certain aspects of the deal can help you close the sale more quickly. Understanding negotiation strategies is essential for getting the most out of selling your home without a realtor in Tennessee.

What Are The Legal Requirements To Sell A House By Owner In Tennessee?

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In Tennessee, it is legal to sell your house as a for-sale-by-owner (FSBO) without the assistance of a realtor. However, there are certain legal requirements that need to be met before the sale is considered valid.

First and foremost, you must obtain disclosure forms from the Tennessee Real Estate Commission and fill them out accurately and truthfully. Additionally, you will need to obtain an affidavit of title or a deed of trust which will provide evidence that you are indeed the owner of the property.

Furthermore, it is necessary for sellers to obtain certificates of compliance for any outstanding taxes and city services fees. Finally, all paperwork associated with the sale must be filed with the county clerk in order for the sale to be valid.

How To Market And Promote Your Fsbo Listing

Marketing and promoting your For Sale By Owner (FSBO) listing in Tennessee is essential to selling your home without a realtor. When advertising your property, be sure to include photos, detailed descriptions and enticing headlines that will draw buyers in.

Utilizing digital resources such as social media platforms, websites, blogs, and email campaigns are great ways to reach potential buyers. Additionally, creating flyers or postcards with information about the house is an effective way of spreading word-of-mouth about your FSBO listing.

Utilizing both online and offline methods will maximize exposure for your property. And don't forget to include a sign in your front yard that advertises the home for sale; you want it to be clearly visible to passersby who may be interested in buying.

With the right strategy and implementation of marketing techniques, you can successfully promote and sell your house without a realtor in Tennessee.

Common Mistakes To Avoid When Selling Your Home Without An Agent

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When selling your home without a realtor, it's important to avoid common mistakes that can cost you time and money. Not understanding basic Tennessee real estate laws and paperwork can be a costly oversight.

Failing to properly market your house could result in fewer buyers and ultimately a lower sale price. Additionally, making assumptions about the buyer’s financing or failing to accurately calculate closing costs can put you at a disadvantage.

Setting an unrealistic asking price is another mistake that could lead to a longer listing period or even no offers at all. Finally, not hiring the right home inspection and appraisal professionals may leave you open to legal issues down the road.

It is essential to do your due diligence before listing your property so you can make an informed decision when selling your home without a realtor in Tennessee.

Nashville's Real Estate Market — Insights And Predictions

Tennessee's real estate market has experienced tremendous growth in the past few years, and Nashville is no exception. With its booming economy, strong job market, and diverse attractions, it's no surprise that the city is seeing an influx of homebuyers.

As a result, the median home price in Nashville has risen nearly 8.1% since 2019.

Despite this increase, there are still ways to sell your house without having to use a realtor in Tennessee. It's important to understand the ins and outs of Nashville's real estate market so you can make sure you're getting the best possible deal when selling your house.

By doing research on local property values, understanding current trends in pricing, exploring different financing options available to you, and preparing your property for sale with creative marketing strategies, you can navigate the process of selling your house without a realtor in Tennessee with confidence.

Understanding Realtor Commissions When Selling By Owner

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When selling your house without a realtor in Tennessee, it is important to understand the costs associated with not using an agent. Realtor commissions are typically 6% of the sale price, but this amount can vary from state to state.

In Tennessee, the commission rate is negotiable and can be as low as 4% or even flat-fee services that might cost between $2,000 and $15,000 depending on the size and location of the home. Without a realtor involved in the transaction, you will need to cover all marketing costs in order to find a qualified buyer on your own.

This includes open houses, advertising fees, signs and other promotional materials. Additionally, you may need to hire a lawyer or title company to handle paperwork and closing costs which could range from $500-$1,500 or more depending on how complex the transaction is.

Understanding these potential costs before entering into a sale by owner agreement can help you decide if this option is right for you.

Finding Better Real Estate Agents At An Affordable Rate

Finding a good real estate agent at an affordable rate in Tennessee can be challenging. It's important to do your research before you choose someone to help you sell your home.

Start by asking friends and family for referrals, as they may have had a positive experience with an agent in the past. You can also search online for agents who specialize in the sale of homes in Tennessee, and read reviews to get an idea of what other customers think.

Make sure to look at their list of services, fees, and other details that will determine if they offer a good value for their services. You'll also want to make sure they have the experience necessary to successfully complete the sale of your home.

Consider interviewing several agents before making a decision so you can find one that suits both your needs and budget.

Cost Comparisons Between Using An Agent Vs Fsbo Sale In Tennessee

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When it comes to selling a home, there are two main options in Tennessee: hiring a real estate agent or going the For Sale By Owner (FSBO) route. Each path has its own advantages and disadvantages, so it’s important to compare the costs associated with each approach before making a decision.

In Tennessee, the cost of using an agent usually includes a commission fee that is based on the sale price of the property. This fee is typically split between the buyer’s agent and seller’s agent.

On average, this can amount to approximately 6% of the sale price, though actual costs may vary depending on market conditions. For those who choose to go FSBO in Tennessee, they will be responsible for all costs related to the sale such as advertising expenses, title searches, closing fees and other miscellaneous costs.

While these costs may be lower than those associated with an agent-assisted sale, it’s important to factor them into any comparison analysis since they add up quickly over time.

Pros & Cons Of Buying A Home Without An Agent

Selling a home without an agent can be a great way to save money on the sale of your house. Additionally, it puts you in control and allows you to negotiate directly with potential buyers.

However, there are some pros and cons that should be taken into consideration before deciding whether or not to use a realtor. On the plus side, skipping out on an agent means lower closing costs and more money in your pocket at the end of the day.

Plus, as the seller, you can set your own timeline and avoid any pressure from a real estate professional who may want to close quickly. On the downside, selling without an agent requires more work on your part.

You'll need to do research on market trends and pricing strategies in order to make sure you're getting the most out of your sale. Additionally, having someone who knows the local laws and regulations is important when it comes to completing paperwork correctly and avoiding legal issues down the road.

Ultimately, whether or not you choose to use an agent comes down to personal preference but understanding both sides of this debate is key before making a decision about how to best sell your house in Tennessee.

Different Alternatives For Selling Your House Without A Realtor In Tennessee

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When it comes to selling your house without a realtor in Tennessee, there are a few different alternatives that you can look into. One option is to place an advertisement in the local newspaper or online classifieds.

This can be beneficial if you want to reach a wide audience and catch the attention of potential buyers. You could also consider holding open houses or hosting an auction, both of which are great ways to expose your property to more prospective buyers.

Additionally, many people choose to use a flat-fee listing service, which may save you money on commission fees as well as offer valuable marketing services. Finally, you could work directly with cash buyers who are willing to buy your home quickly and at a reasonable price.

Whichever route you take when selling your house without a realtor in Tennessee, make sure that you have done your research beforehand and are confident about the process.

Faqs About The Process Of Selling By Owner In Tennessee

Selling a home without a realtor in Tennessee can be a daunting task, especially if you’re unfamiliar with the process. From understanding the market conditions to pricing your home correctly, there are many factors that need to be considered before you even begin the process of selling.

Fortunately, this guide will answer all of your questions about selling your house by owner in Tennessee. We’ll discuss everything from finding buyers and marketing your property to signing contracts and closing the sale.

So if you’re considering selling your house without a realtor in Tennessee, read on for answers to some of the most commonly asked questions about selling by owner.

Weighing The Pros & Cons Of A For Sale By Owner (fsbo) Transaction

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When considering a For Sale By Owner (FSBO) transaction in Tennessee, it’s important to weigh the pros and cons of taking this route. On the plus side, there are no realtor commission fees to pay and the homeowner has complete control over all aspects of the sale, from setting the asking price to negotiating with buyers.

Moreover, FSBO transactions can often close faster than traditional realtor sales due to fewer steps involved. On the other hand, FSBO transactions require a lot of work and responsibility on behalf of the seller.

The homeowner must market their property online or through other channels, as well as handle any legal paperwork associated with the sale, such as contracts and disclosure forms. Additionally, sellers who lack experience in negotiating may not get top dollar for their home if they are unable to effectively barter with potential buyers.

The Paperwork Required For A Successful Tennessee Fsbo Sale

When selling a house in Tennessee without the help of a realtor, there are numerous forms and paperwork that must be completed. Before any sale can take place, both the buyer and seller must agree on a purchase agreement.

This document should include details about the property as well as an explanation of what each party is responsible for during the transaction. Additionally, state laws require disclosure forms to be filled out by the seller, including documents that disclose any defects or repairs that have been made to the home.

After these forms have been completed, all parties must sign them and provide proof of their identities with a valid photo ID. Lastly, although not required by law, buyers may ask for additional documentation such as proof of ownership from the seller to ensure they are making a legitimate purchase.

With all paperwork complete and signed, both parties are ready to move forward with the sale ensuring it is done correctly according to Tennessee law.

Expert Advice On Listing Your Home For Sale By Owner In Tennessee

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Selling a house in Tennessee without the help of a realtor can be a daunting task, but it is possible. Before jumping into the process, it is important to understand the ins and outs of listing your home for sale by owner in this state.

There are certain steps that must be taken, including taking accurate photos for online listings, drafting an effective description of your property, setting an appropriate price point, and advertising your home on various platforms. Additionally, you will need to prepare for showings and open houses as well as handle any offers or negotiations that come up during the sales process.

When going through this process without a realtor it is also essential to be mindful of all local laws and regulations regarding selling homes in Tennessee. Being aware of these rules can help ensure that you complete the sale with minimal stress and hassle.

How Do I Find Qualified Buyers For My Fsbo Property In Nashville?

When selling your house without the help of a realtor in Tennessee, finding qualified buyers for your property can become an intimidating task. However, if you’re selling in Nashville, there are several steps you can take to make sure you attract potential buyers who are serious about purchasing.

Start by asking yourself what type of buyer is looking for a home like yours and where do these people spend their time. You may want to consider advertising on local classifieds sites or using social media platforms to share the details about your property.

Additionally, talking to friends and family who live in Nashville may be a useful way to get the word out about your FSBO (For Sale By Owner) home. Once you’ve identified potential buyers, it’s important that they have been pre-qualified by a reputable lender so you know they can afford the purchase.

Taking the extra step of conducting background checks on buyers will ensure that they have the resources and commitment necessary to complete the sale. Finally, keep in mind that hiring an experienced attorney will protect your interests throughout the transaction process while helping ensure that all documents associated with the sale are properly executed.

Selling your home without an agent doesn’t have to be overwhelming if you follow these simple steps when searching for qualified buyers in Nashville.

What Resources Are Available To Help Me Sell My House Without A Realtor In Tennessee?

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When selling your home without a realtor in Tennessee, you need to be aware of the resources available to help you. Many homeowners look towards the internet as their first choice when it comes to information on how to sell their house.

Online portals such as Zillow, Realtor.com, and Trulia offer valuable advice and tips for those who are looking to do-it-themselves (DIY) when it comes to selling their property.

Additionally, local newspapers are a great resource for advertising your property and getting it seen by potential buyers. You can also connect with other homeowners in the area who have successfully sold their house without a realtor in the past and learn from them or even hire them as an adviser during the process.

There are also numerous real estate attorneys that specialize in providing legal advice for self-sellers and can answer any questions you may have about Tennessee state laws and regulations regarding home sales.

How Do I Sell My House By Owner In Tennessee?

Selling your house by owner in Tennessee is a great way to save money on real estate fees and commissions. The process may seem daunting, but it can be done with the right research and preparation.

To get started, you'll need to understand the laws and regulations for selling property in Tennessee, as well as what steps must be taken to list and market your home. You'll also need to consider how best to price your home competitively in the current market.

Once you have an understanding of the process and are ready to move forward, here's a step-by-step guide for how to sell your house without a realtor in Tennessee: 1) Conduct research on local housing markets; 2) Determine fair market value of your home; 3) Prepare all necessary paperwork; 4) Create marketing materials; 5) Advertise your property; 6) Negotiate offers with potential buyers 7) Finalize contracts; 8) Close on the sale of your home. Following these steps will help ensure that you have a successful sale that meets all legal requirements in Tennessee.

Can Real Estate Agent Sell Their Own Home In Tennessee?

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Yes, a real estate agent in Tennessee can sell their own home. It is important to remember that the process will require extra time and attention on the seller’s part in order to ensure a successful sale.

If a real estate agent chooses to sell their own home in Tennessee, they will need to follow certain steps and regulations set by the state. A step-by-step guide on how to sell your house without a realtor in Tennessee includes: researching local market trends, setting a fair price, preparing and staging your home for showings, marketing your property, negotiating with potential buyers, completing paperwork associated with the transaction properly, and closing on the sale.

By following these important steps, real estate agents can successfully complete a sale of their own property without paying commission fees associated with hiring a realtor.

How Do I Get My Real Estate License In Tn?

If you are considering selling your house without a realtor in Tennessee, it is important to understand the process. Obtaining a real estate license requires completing certain steps and requirements, including passing an exam.

In order to get your real estate license in TN, you must meet the eligibility criteria as outlined by the Tennessee Real Estate Commission (TREC). These include being at least 18 years old and having a high school diploma or GED.

You will also need to complete the required pre-licensing education courses provided by an approved TREC provider. After completing the required coursework, you will then be eligible to take the state licensing exam.

Once you pass this exam, you can proceed with applying for your real estate license.

How Long Are You Liable After Selling A House In California?

Selling a house in California can be a long and arduous process, and when it comes to understanding the legal liabilities that come with it, it can be even more complicated.

Generally speaking, after selling a house in California, you are liable for any potential issues or problems with the property for up to four years after closing the sale.

This means that if any issues arise within this timeframe, you may be held responsible.

It is important to understand all of your legal liabilities before finalizing the sale of your home so that you’re not held responsible for any unforeseen problems down the line.

Q: How can I sell my house in the State of Tennessee without using a realtor?

A: To sell your house without a realtor in Tennessee, you can research the local market prices for similar properties and set an appropriate asking price. You will also need to list your property on the appropriate online or print listings and advertise it through other channels such as word-of-mouth or social media. Additionally, you may want to obtain help from professionals such as an attorney or closing agent for assistance with paperwork and contracts.

Q: How can I take advantage of the Multiple Listing System (MLS) and sell my house in Tennessee without a realtor?

A: It is possible to list your home on the MLS in Tennessee without using a realtor by opting for a flat fee service. This type of service allows you to list your property on the MLS at a much lower cost than traditional real estate agents.

Q: What are some strategies I can use to sell my house in Tennessee without using a realtor?

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A: One way to sell your house in Tennessee without using a realtor is to list it on the Flat-Fee Multiple Listing Service (MLS) offered by the National Association of REALTORS®. You can also reach out to potential buyers with email messages and other marketing tactics.

Q: What is the legal process for selling a house in Tennessee without a realtor?

A: The legal process includes preparing a legally binding contract and other documents such as a deed, title search, disclosure statement, and closing documents. All of these must be completed to ensure a smooth, legal transfer of ownership.

Q: What do I need to be aware of when selling my house in Tennessee without a realtor to avoid being scammed?

A: It is important to take the necessary precautions when selling your house without the help of a realtor. Be sure to conduct your own research and due diligence into potential buyers, as well as thoroughly vet them to make sure they are legitimate. You should also consider hiring a home inspector who can provide an unbiased assessment of the condition of your property. Additionally, it is important to be alert for signs that someone may be attempting to scam you, such as requests for personal information or requests for large sums of money upfront.

Q: What should I consider when pricing my home to sell without a realtor in Tennessee?

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A: When selling your home without a realtor, it is important to research comparable homes in the area and set a competitive list price. Additionally, you should factor in any costs associated with Homeowner Association (HOA) fees and/or mortgage payments that may be due at closing.

Q: What are the lending options available when selling my house in Tennessee without a realtor?

A: When selling your home without a realtor in Tennessee, you can consider obtaining a loan from a bank, credit union, or other lender. Additionally, you may also want to look into private lenders who specialize in financing for homeowners who are not using realtors. However, be sure that you understand the terms and conditions of any loan before agreeing to them.

Q: What are the risks of selling my house in Tennessee without a realtor?

A: Selling your house without a realtor can be risky since you may not have the expertise or experience to navigate through the process. You will need to research the local market and legal requirements, and determine how to price and advertise your home. Additionally, you will need to vet potential buyers and deal with any contracts or paperwork that arise from the sale. It is also important to consider that you may have difficulty getting financing from banks or other lenders as a homeowner without an agent representing you.

Q: What steps should I take to ensure I am successful when selling my house in Tennessee without a realtor?

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A: When selling your house without a realtor in Tennessee, it is important to ensure you are well-prepared in order to be successful. Consider painting the interior and exterior of the home, pricing it competitively according to local market trends, and keeping all receipts and documents related to the sale. Additionally, be aware of potential scams and do thorough research before making any decisions.

Q: How can I find investors to purchase my house in Tennessee without a realtor?

A: You can use online platforms like Instagram or other social media networks to advertise your home to potential investors. Additionally, you should hire an inspector to ensure the house is up to code and attractive to buyers.

Q: What databases can I use to market my house for sale without a realtor in Tennessee?

A: You can list your property on websites such as Zillow, Trulia, and Realtor.com to reach potential buyers in Tennessee. Additionally, you should consider using social media platforms such as Facebook and Instagram to further advertise your property and attract potential buyers. Research comparable properties in the area and use their listed prices as a guide when determining the price of your home.

Q: How can I use print ads and word of mouth to sell my house in Tennessee without a realtor?

A: Print ads can be an effective way to reach potential buyers and make them aware of your property. Word of mouth is also a great way to connect with local buyers, as it allows you to target people who are already familiar with the area and its market. It's important to research the market value of your home before pricing it competitively, so that you can get the most out of your sale. Additionally, it may be wise to consult with a lawyer or accountant familiar with Tennessee real estate law in order to protect yourself from any legal complications.

Q: What tools do I need to utilize when selling my house without a realtor in Tennessee?

A: To successfully sell your house without a realtor in Tennessee, you should use online resources such as websites like Zillow and Craigslist, create good signage to make the property visible to potential buyers, and ensure that your home is well-maintained with up-to-date utilities and appliances. You should also research local real estate laws and regulations to ensure you are following all applicable rules and regulations.

Q: What remodeling or renovation strategies would be beneficial when selling my house without a realtor in Tennessee?

A: When selling your house without a realtor in Tennessee, it is important to make sure that the home is looking its best. Consider making simple repairs and updates like painting walls in neutral colors, replacing outdated light fixtures, and adding landscaping. These small improvements will help increase the appeal of your home and enhance its value for potential buyers. Additionally, you may want to consult with a real estate appraiser to get an accurate estimate of what your property is worth on the market.

Q: How can I conduct an effective market analysis to determine the best price for my house when selling without a realtor in Tennessee?

A: To conduct an effective market analysis when selling your house without a realtor in Tennessee, you should research properties of similar size and location on the open market in your area. Additionally, it is important to consider property tax rates as they may vary by region. Finally, make sure to take high quality photographs of your property to attract potential buyers.

IBUYERS COMPARATIVE MARKET ANALYSIS BROKERS REALTOR® FLAT-FEE MLS FLAT FEE MLS
CONCESSIONS LEGAL CONTRACT COMPANIES SCAMMER ZILLOW.COM REDFIN
WARRANTY HOMEOWNERS ASSOCIATION LOANS KITCHEN HOMEOWNER’S EMAIL ADDRESS
PRICING STRATEGY GOOGLE GOOGLE LLC DOLLARS BROKERAGES DISCOUNT BROKERAGE
UTILITY SOCIAL NETWORKS REALTY REAL ESTATE TRANSACTION PHOTOGRAPHY PHOTOGRAPHER
MAJOR APPLIANCES IBUYERS HEADACHES ESCROW EARNEST MONEY DOOR
DEMAND COVENANTS COLLATERAL BUYER BEWARE BRANDS BATHROOMS
ATTORNEY’S FEE ANALYTICS FLAT FEE MLS BUYERS AGENT COMMISSION A BUYERS AGENT LISTING SERVICE MLS
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A REAL ESTATE ATTORNEY REAL ESTATE ATTORNEY TO TO THE BUYERS AGENT YOURE SELLING YOUR HOME IF YOURE SELLING YOUR

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