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Fsbo In Wisconsin: A Step-by-step Guide To Selling Your Home By Owner

Published on May 29, 2023

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Fsbo In Wisconsin: A Step-by-step Guide To Selling Your Home By Owner

Benefits Of Selling A House By Owner In Wisconsin

Selling a house by owner, also known as For Sale By Owner (FSBO), in Wisconsin can be a great option for those looking to save on real estate commissions and fees. In addition to reducing costs associated with selling a home, FSBO in Wisconsin also offers homeowners the opportunity to remain in control of the entire sales process.

Homeowners who choose to sell their home by owner are able to determine the price of their property, set the timeline for closing and maintain total control over the negotiation process. Furthermore, many sellers find that they have more buyers interested and willing to purchase when they offer their home directly to buyers without involving an agent or broker.

With these advantages in mind, it is clear that selling a house by owner in Wisconsin can be a beneficial option for those looking for an efficient, cost-effective way to sell their property.

Disadvantages Of Selling A Home By Owner In Wisconsin

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When selling a home in Wisconsin by owner (FSBO), there are several potential disadvantages to consider. One of the most significant is the lack of access to professional real estate services, such as listing on the Multiple Listing Service (MLS).

Without an MLS listing, it can be difficult for buyers to find out about the property and for sellers to accurately assess their home’s market value. Additionally, without a real estate agent, sellers must handle all negotiations with buyers themselves, which can be particularly challenging when dealing with unfamiliar legal terminology and contracts.

Furthermore, FSBO sellers may not have access to traditional financing options or incentives that help reduce closing costs. Finally, because of the unique risks associated with selling a home without an agent, FSBO sellers may face increased exposure to fraud or other legal issues if they are not properly educated on state laws and regulations.

Ready To List Your Wisconsin Home For Sale?

Ready to list your Wisconsin home for sale by owner (FSBO)? Selling a home without a realtor can be a daunting task, but it doesn't have to be. Here is a step-by-step guide to help you navigate the FSBO process in Wisconsin and get the most out of your sale.

First, you'll need to research market conditions in your area. Look at current listings, find out what similar properties are selling for, and consider any potential upgrades that could increase the value of your home.

Next, create an attractive listing with photos and detailed descriptions of your property. Be sure to include information about location and amenities as well as any special features that may draw buyers in.

After that, make sure all necessary documents are ready for review by potential buyers. This includes things like warranties, inspections reports and repair records.

Finally, when it comes time to negotiate an offer from interested parties, remember that compromise is key -- don't be afraid to work with the buyer on price or other terms if it means getting your home sold quickly! Following these steps will help ensure a successful transition for you and the buyer alike.

Paperwork Needed To Sell A House By Owner In Wisconsin

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In Wisconsin, selling a home by owner requires the completion of certain paperwork, from disclosure forms to contracts. Every FSBO (For Sale By Owner) seller should become familiar with the legal documents needed to complete a successful sale.

This includes the Wisconsin Property Condition Disclosure Statement, which is required for all residential real estate transactions in the state. Additionally, Wisconsin property owners must provide a Lead Paint Disclosure if their home was built before 1978.

Other documents include a purchase agreement and any other documents necessary to finalize the transaction, such as title transfers, deed preparation and closing statements. Selling your home without an agent can be complex and time consuming but with proper preparation and knowledge of the paperwork involved, it can be done successfully in Wisconsin.

Advantages Of Using An Agent When Selling A Home

When it comes to selling your home, there are many advantages to using a real estate agent. From negotiating better offers and pricing strategy to navigating legal requirements, an experienced agent can help you maximize the sale of your home.

In addition, agents have access to MLS listing services that provide exposure for your home in the most effective way possible. They also have marketing and advertising know-how that can help you create a more appealing listing.

Agents also bring valuable resources such as local market knowledge and connections with other real estate professionals that could be beneficial during negotiations. Furthermore, they will handle all the paperwork involved in closing a sale, which can save you time and stress.

Ultimately, having an experienced agent on your team when selling a home is invaluable in helping you get the best deal possible and make the process go as smoothly as possible.

Common Fsbo Mistakes To Avoid In Wisconsin

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When selling a home in Wisconsin by owner (FSBO), it is important to be mindful of common mistakes. Failing to properly research the current real estate market, setting an unrealistic price, failing to hire an experienced real estate attorney and not staging your home can all cause potential buyers to turn away from your FSBO listing.

Additionally, overlooking necessary paperwork, such as title searches and disclosure documents, can lead to costly legal expenses down the road. While many sellers may attempt to save money by taking on a FSBO sale without professional help, hiring an experienced realtor or lawyer can prevent unnecessary losses due to oversight or inexperience.

Taking the time to understand the process and consult with professionals who have experience with FSBO transactions will help ensure you have a successful sale with minimal mistakes.

Selling A Home For Cash: Pros And Cons

When considering selling a home for cash, there are many pros and cons to consider. Selling your Wisconsin home FSBO (For Sale By Owner) can be an attractive option to save on real estate commissions and closing costs, but it’s important to understand the potential risks associated with such a sale.

There are a number of advantages to selling your home for cash, including the ability to close quickly and avoid lengthy negotiations with buyers. With cash buyers, you can also expect fewer delays in the process, reduce the need for appraisals or inspections, and receive payment immediately upon closing.

On the other hand, selling a home for cash requires a greater degree of financial risk than traditional sales and may require you to pay certain fees upfront that would otherwise be covered by escrow services. In addition, without an agent or broker involved in the transaction it can be difficult to assess the full value of your property and ensure you are getting a fair price.

Ultimately, whether or not selling your Wisconsin home FSBO is right for you depends on several factors that should be discussed with family members or an experienced real estate professional before making any decisions.

Tips On How To Effectively Market Your Home For Sale By Owner

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Marketing your home for sale by owner (FSBO) in Wisconsin can be a daunting task. Knowing the best ways to get your property noticed is key to a successful sale.

To start, create an online presence by listing your home on as many real estate websites as possible. Utilize social media to spread the word about your FSBO Wisconsin home, and consider creating a website for potential buyers to learn more about the property.

Use newspaper classifieds, yard signs and fliers to target local markets that may be interested in purchasing your home. Offer incentives such as discounted closing costs or a one year warranty on major appliances you’re leaving behind to attract buyers.

If you’re selling in an area with lots of other homes for sale, consider hosting an open house or two so potential buyers can tour the property and ask questions in person. Finally, make sure you are aware of all local laws when it comes to selling a FSBO home in Wisconsin and be prepared to negotiate with buyers who come through with competitive offers.

Finding The Right Real Estate Agents At An Affordable Rate

Finding the right real estate agent at an affordable rate is an important part of selling your home by owner in Wisconsin. It can be difficult to know where to start, but with a few simple steps, you can quickly find the right agent for your FSBO in Wisconsin.

Start by researching local agents who specialize in FSBOs. Ask your friends and family for their recommendations, and read online reviews of agents they have worked with.

Make sure to look into qualifications such as certifications or licenses, and find out how long they have been working in the industry. Compare fees between different agents and make sure to get a clear understanding of any commission structure before signing any agreements.

Finally, set up interviews with potential agents to learn more about their experience and determine which one is best suited for helping you sell your home by owner in Wisconsin.

Negotiating Tips When Selling Your House By Owner In Wisconsin

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When selling your house by owner in Wisconsin, it’s essential to be prepared for negotiation. Negotiations can be difficult and stressful, so it’s important to know the best practices to get the deal done without any hassle.

Being knowledgeable about market value and getting legal advice are key steps for a successful FSB0 transaction in Wisconsin. Understand any paperwork that needs to be signed such as disclosure forms or inspections and make sure you have all the necessary documents ready for potential buyers.

Researching comparable houses in the area that have recently sold is a great way to learn the market value of your home and helps set expectations on pricing. It’s helpful to practice negotiating with someone you trust before talking with potential buyers so they can provide feedback and help you stay confident during conversations.

Be open minded during negotiations as there will likely be multiple offers from buyers with different terms and conditions that should be considered carefully. Lastly, don’t forget to stay organized throughout this process by keeping track of all negotiations and communications made with buyers.

What Are The Most Popular Alternatives To Fsbo?

When making the decision to sell a home, there are many options available to homeowners in Wisconsin. One popular alternative to a For Sale By Owner (FSBO) is to hire a real estate agent or broker.

An experienced real estate professional can help guide you through the home selling process, from pricing and marketing your property, to negotiating and closing the sale. Additionally, they can provide access to resources and services that may be unavailable to FSBO sellers.

Another popular option is an online marketplace such as Zillow or Redfin, which allows buyers and sellers to connect directly without the use of a real estate agent. Homeowners in search of more control over their sale may also consider auctioning their property, either online or at a live event.

Auctions can provide an expedited timeline for selling your home and potentially generate more interest than other methods. Whichever path you choose for selling your Wisconsin home, it is important to understand all of the options available prior to beginning the process.

Prepping Your Home For Sale: What You Need To Know

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When it comes to preparing your home for sale in Wisconsin, there are a few things you need to know. First, it is important to make sure the house looks its best.

This means making necessary repairs, cleaning up the yard and decluttering each room. Staging your home can also be beneficial as buyers will be able to envision themselves living in the space.

Additionally, you should determine the fair market value of your property by conducting research on similar homes in your area that have sold recently. Lastly, you may want to consider hiring a professional inspector so potential buyers know exactly what they are getting.

Taking these steps when prepping your home for sale can help ensure a smooth and successful fsbo process in Wisconsin.

Staging Strategies For Selling A Home By Owner In Wisconsin

When selling a home in Wisconsin by owner, proper staging can be essential to making your property stand out. Home staging involves preparing the home to make it more attractive to potential buyers.

It’s important to create an inviting atmosphere with attention to detail, while keeping the budget in mind. Start by decluttering and removing any personal items like family photos or knick-knacks that could distract from the overall look of the home.

Next, make sure each room is well lit and clean, which may involve updating lighting fixtures or giving walls a fresh coat of paint. Lastly, add neutral touches such as pillows and decor pieces for an extra layer of coziness without going overboard.

With proper staging strategies, FSBO sellers in Wisconsin can increase their chances of selling quickly and for top dollar.

Should You Get Professional Advice Before Selling A House By Owner?

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When selling a house by owner (FSBO) in Wisconsin, it is important to consider whether or not to get professional advice. While FSBO may be a cost-effective option, the process can be complicated and time consuming.

It is wise for homeowners to seek out legal counsel as well as real estate agents who are experienced in FSBO transactions. This will provide guidance on preparing the home for sale, setting the appropriate listing price, negotiating contracts, and understanding state regulations.

Additionally, professional advisors can help with advertising and marketing tactics that will increase the visibility of the home. Ultimately, consulting with an expert in this field can be beneficial in helping a homeowner successfully navigate the FSBO process while achieving the best possible outcome.

How To Ensure A Smooth Closing Process When Selling Your Property Fsbo

When selling your home by owner in Wisconsin, the closing process can be a nerve-wracking venture. Following these steps can help ensure a smooth transition and that all parties involved are satisfied with the outcome.

Before listing your property, gather all of the necessary paperwork such as an inspection report and title search to establish ownership of the house. Once you have found a buyer, have them sign a Purchase Agreement to outline the terms of the sale.

This document should include details such as purchase price, closing date, and any contingencies. It is beneficial to both parties to hire an attorney or real estate agent to review this agreement and provide guidance throughout the transaction.

As you approach the closing date, make sure all documents are signed and that any liens or encumbrances on the property have been cleared. Lastly, schedule an appraisal if required by your lender to guarantee that both parties will receive fair market value for their investment.

By following these steps during the FSBO process in Wisconsin, sellers can rest assured that their property sale will close without any hiccups.

How Much Does It Cost To Sell A House By Owner?

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When selling a house by owner in Wisconsin (FSBO), it is important to understand the costs associated with the process. Generally, it will cost more to list your home on the open market with a real estate agent, but that won't include all the fees you may have to pay when selling your home by yourself.

Common expenses associated with FSBO in Wisconsin include inspection fees, title and closing costs, repair and staging costs, advertising fees and transfer taxes. Additionally, there may be attorney or legal fees if you need help understanding certain paperwork or contracts.

While it is possible to save money by avoiding agent commissions and other related expenses when selling a home on your own, it is important to budget for these additional costs up front.

Legal Requirements For Selling A House By Yourself In Wisconsin

When selling your home in Wisconsin by yourself, or For Sale By Owner (FSBO), there are many legal requirements that must be met. It is important to understand the various state and local laws related to real estate transactions so you can ensure a smooth and successful sale.

To begin with, you should get familiar with Wisconsin’s real estate disclosure laws, which require sellers to disclose certain material facts about their property. This includes any known defects, square footage, and whether the property is located in a floodplain.

Additionally, you must obtain a Certificate of Real Estate Value from the county assessor’s office before closing on the sale. This document officially records the terms and value of your property transaction for tax purposes.

Finally, all necessary contracts and documents related to the sale must be reviewed by a lawyer who specializes in Wisconsin real estate laws prior to closing. By understanding these legal requirements for FSBO sales in Wisconsin and taking steps to satisfy them correctly, you can successfully complete your real estate transaction with confidence.

Do I Need An Attorney If I'm Selling My Home By Myself? 19. Understanding Buyer Financing Options When Going Fsbo 20. What Are The Tax Implications Of Selling A House By Yourself In Wi?

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When selling your home by yourself in Wisconsin, you may be wondering if you need an attorney to help guide you through the process. It is important to understand all of your legal rights and responsibilities as a seller, so consulting with an attorney can be beneficial.

Additionally, it is also important to understand the buyer's financing options, since this could affect the sale of your home. Lastly, it is essential to have a clear understanding of the tax implications when selling a house by yourself in Wisconsin.

This includes income taxes for any proceeds from the sale, as well as capital gains taxes that may apply depending on your individual circumstances. Knowing these details ahead of time can help prepare you for the FSBO process in Wisconsin and ensure everything goes smoothly.

How Do I Sell My Property By Owner In Wisconsin?

Selling a property by owner in Wisconsin is a great way to save on commissions and fees. If you're considering a FSBO (For Sale By Owner) in Wisconsin, here's a step-by-step guide to help you through the process.

First, familiarize yourself with your local real estate market and research the average selling price of similar properties in the area. Next, determine how much you want to list your property for, taking into account any repairs or upgrades you may have made that could increase the value of your home.

Once you've determined an asking price, create an eye-catching listing with pictures and descriptions that accurately represent your home. Consider using online resources like Zillow to get maximum exposure for your listing.

Also, make sure to include all required disclosures as mandated by Wisconsin state law. Finally, once you receive offers from potential buyers, it is important to consult with a qualified real estate attorney before signing any contracts or agreements.

With proper planning and preparation, selling your property by owner in Wisconsin can be an efficient and rewarding experience!.

How Do I Sell My House Without A Realtor In Wisconsin?

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It is possible to sell your home in Wisconsin without a realtor and as a For Sale By Owner (FSBO). To successfully sell your home by owner, it is important to know the steps and requirements associated with FSBO in Wisconsin. The following guide outlines the process for selling your home without the help of an agent.

The first step of FSBO in Wisconsin is to research the real estate market in your area. Learn about current market trends, property values, and comps to determine a fair asking price for your home. Additionally, research state laws regarding disclosure rules and other regulations related to selling a house without an agent.

Once you have determined a competitive price, create marketing materials such as flyers, brochures, or a website to advertise the sale of your home. As part of advertising efforts, consider hosting open houses or conducting virtual tours of your property if allowed under local guidelines during the pandemic. Make sure all advertisements include photos or video footage of the property along with contact information for potential buyers.

Another important step in FSBO in Wisconsin is negotiating contracts with prospective buyers. Before entering into negotiations you should consult an attorney who specializes in real estate law to ensure that any contracts are valid and binding under state law. During negotiations be sure to remain flexible on terms but also be firm when needed.

Finally, remember that selling a house without an agent requires additional work compared to working with an experienced realtor. However, it can also be financially beneficial since you will not need to pay commission fees or other costs associated with listing agents. With proper preparation and by following these steps you can successfully complete FSBO in Wisconsin while saving money at the same time!.

How Do You Prepare For A Sale By Owner?

Preparing to sell your home by owner (FSBO) in Wisconsin is an important step in the process of successfully selling your home. Here is a step-by-step guide to get you started: First, research the local market and determine a fair asking price for your property.

Next, ensure that all disclosures are up-to-date, such as lead paint, septic or well inspections, radon disclosures, etc. Thirdly, consider hiring an appraiser or real estate attorney to help with paperwork and negotiations.

Fourthly, advertise your property on local real estate websites and social media platforms. Fifthly, create eye-catching signage to draw attention to your listing.

Lastly, host open houses and invite potential buyers inside to view the property in person. With a little bit of preparation and hard work you can successfully sell your home by owner in Wisconsin.

Can I List Fsbo On Zillow In Wisconsin?

Yes, you can list your FSBO in Wisconsin on Zillow. In order to do so, you will need to create a free account and select "For Sale By Owner" when listing your property.

Once you have done this, you will be able to upload photos and information about the home, as well as set a price and contact information. This is an ideal way to reach potential buyers who use Zillow for their search.

Additionally, Zillow offers tools like CMA (Comparative Market Analysis) and access to their network of real estate agents who may assist in the sale of your home if needed. Overall, selling your home by owner on Zillow in Wisconsin is possible and can help increase the visibility of your property while keeping more of the profits from the sale in your pocket.

Q: What is the best way to list a luxury home for sale by owner in Wisconsin with access to Flat-Fee MLS services?

A: The best way to list a luxury home for sale by owner in Wisconsin with access to Flat-Fee MLS services is to work with a real estate broker or agent who offers a flat-fee listing service. This will give you access to the MLS, while still allowing you to keep control of your sale and potentially save money on commissions.

Q: How can I access data and send email messages to list my luxury home for sale by owner in Wisconsin?

A: You can access Flat-Fee MLS services which will provide you with the data and tools needed to create email messages that can be used to list your luxury home for sale by owner in Wisconsin.

Q: How can I legally make a counteroffer and concessions when selling my home in Wisconsin as a For Sale By Owner (FSBO)?

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A: When making a counteroffer and concessions as an FSBO in Wisconsin, it is important to ensure that they are in writing and accepted by the other party to be legally binding. It is also important to understand any applicable state or local laws related to the sale of your property. Flat-Fee MLS services can provide you with access to experienced real estate professionals who can help guide you through this process.

Q: What tax-based requirements should be considered when selling a condominium by owner in Wisconsin?

A: When selling a condominium by owner in Wisconsin, the seller should be aware of the applicable state and local tax requirements. In addition, they should make sure they understand any residential condominium laws that apply to their particular property. Lastly, they should consider any existing Flat-Fee MLS services available to help with the listing process.

Q: What is the most effective way to value a home when selling by owner in Wisconsin without using online services?

A: When selling by owner in Wisconsin, it is important to accurately determine the market value of the property. The best way to do this without using online services is to consult with local real estate agents and appraisers who are knowledgeable about the current market conditions and trends in your area. You can also research recent sale prices of properties that are similar to yours in terms of size, location, and amenities.

Q: What are the important factors to maximize curb appeal when selling a home by owner in Wisconsin?

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A: When selling a home by owner in Wisconsin, it is important to consider both physical and aesthetic elements to maximize its curb appeal. These can include decluttering the interior and exterior of the home, improving landscaping, performing minor repairs, and ensuring that the house is freshly painted. Additionally, professional photography can be used to showcase the property's best features. Finally, obtaining a loan or other form of lending can be beneficial for buyers who may need assistance with making their purchase.

Q: What services should a homeowner consider when selling their home by owner in Wisconsin?

A: When selling your home by owner in Wisconsin, it is important to consider securing the services of a Home Warranty, Home Stager, Home Inspector and obtaining a Home Inspection. These services can help you maximize curb appeal, ensure any necessary tax-based requirements are met, and provide access to Flat-Fee MLS services for listing your property.

Q: How can I secure a mortgage and protect my interests when selling a lakefront property by owner in Wisconsin?

A: When selling a lakefront property by owner in Wisconsin, it is important to secure a mortgage pre-approval from a lender and also purchase an owner’s title insurance policy to protect your interests. Additionally, make sure to research the local real estate laws, as well as any tax or other legal requirements for those who are selling their own home.

Q: How can I use Facebook to advertise a sale by owner property in Eau Claire, Wisconsin?

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A: Advertising a sale by owner property in Eau Claire, Wisconsin on Facebook is a great way to reach potential buyers. You should make sure to include photos and detailed information about the home, as well as any amenities such as HOA access or energy efficiency features. Additionally, you should also include contact information so potential buyers know how to get in touch with you.

Q: What resources are available to help DIY a sale by owner in Wisconsin with access to a database and camera?

A: When selling a home by owner in Wisconsin, it is important to take advantage of the resources available to make the process easier. Homeowners should consider using Flat-Fee MLS services, which provide access to an extensive database for marketing purposes and can also provide professional photography services with high quality cameras.

Q: How can word of mouth and wide-angle lenses be used to sell a home by owner in Wisconsin across the United States?

A: Homeowners in Wisconsin looking to sell their property by owner should consider leveraging the power of word of mouth and wide-angle lenses to reach potential buyers across the United States. Advertising through social media, email lists, and other online resources can help spread the word about the listing. Additionally, using wide-angle lenses to take professional photos of the home will help showcase its features, giving prospective buyers a better understanding of what makes it unique and enticing them to take an interest.

Q: What services should a homeowner consider when selling their home by owner in Wisconsin?

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A: When selling a home by owner in Wisconsin, it is important for the homeowner to consider services such as title insurance, property taxes, photographs, and access to flat-fee MLS services. These services will help ensure that all legal requirements are met and that the property is presented in its best light.

Q: What percentage of homebuyers in Milwaukee have a favorable opinion of sale by owner properties?

A: According to recent surveys, approximately 60% of homebuyers in Milwaukee have a favorable opinion of sale by owner properties.

BROKERS FLAT FEE FLAT FEE MLS COUNTER-OFFER COMPANY TAX BASED
REALTORS VALUATION OFFLINE KITCHEN DOOR BANK
INSTAGRAM DOLLARS DO IT YOURSELF DISCOUNT BROKERAGE BROKERAGES TRULIA
REASON NOTHING MEDIAN LIST PRICE LEAD-BASED PAINT GRASS
LAWN ESTATE TAX HEADACHES HAZARDS SAFETY HAZARDS GOOGLE
FLOWERS ESTIMATOR ESCROW AGENT EQUITY CRAIGSLIST BRANDS
ATTORNEY FEES PRINT ADS LIST YOUR HOUSE YOUR HOUSE IS YOUR HOUSE FOR OFFER A BUYERS
A HOUSE IN BY OWNER FSBO BUYERS AGENT COMMISSION ON THE MLS A BUYERS AGENT THE BUYERS AGENT
LISTING SERVICE MLS TO THE BUYERS TO THE BUYER THE SALE PRICE OF YOUR HOUSE A FLAT FEE
HOUSE IN WISCONSIN ON THE MARKET REAL ESTATE CONDITION A BUYERS AGENT COMMISSION OFFER A BUYERS AGENT BUYERS AGENT COMMISSION BUT
MULTIPLE LISTING SERVICE MLS SALE BY OWNER FSBO A REAL ESTATE ATTORNEY A HOUSE IN WISCONSIN OF THE SALE PRICE FOR A FLAT FEE
HOME ON THE MLS REAL ESTATE CONDITION REPORT TO THE BUYERS AGENT

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