• 29 E 10th St Lovell, WY 82431

  • 4 Beds 3 Baths 2,080 SqFt
  • Single Family Home / For Sale by Owner

Property Details for 29 E 10th St, Lovell, WY 82431

Features

  • Price/sqft: $158
  • Lot Size: 3671 sq. ft.
  • Total Units: 1
  • Total Rooms: 6
  • Stories: 1

Facts

  • Year Built: 01/01/1989
  • Property ID: 604231672
  • Parcel Number: 56961434300503
  • Property Type: Single Family Home
  • County: Big Horn

Description

This property is offered for sale directly by the owner. For Sale By Owner homes, also known as FSBOs, can be a good buying opportunity, because the owner will save up to 6% when there are no brokers involved in the transaction. This leaves more room for price negotiation and potential buyer savings.

This listing is NOT a foreclosure. 1 day 111 4 This custom home has amazing views of the valley and stunning views of the Pryor Mountains to the north and the Big Horn Mountains to the east. The living areas and all four bedrooms are oversized providing an open and spacious feel. This all-brick home has a brand new roof, so it should be maintenance free for many years to come. With updated kitchen appliances, new garage door openers, and a brand new water heater, this home is in excellent condition. This well insulated home stays warm in the winter with a forced-air natural gas furnace and central AC keeps everyone cool on warm summer days. There is not a better location in Lovell. The large view lot provides privacy and space to enjoy the outdoors. An adjacent 1/3 acre wooded hillside lot is also available for purchase, providing a secluded spot for family cookouts and get-togethers. What I love about this home I love the views and the location is second to none in Lovell. This is a well build home that is quiet and cozy. The large brick fireplace, solid hardwood doors and hardwood casework provide a grade of quality that is hard to find. The list price and Zestimate for this home are very different, so we might be missing something. Neighborhood Map 25 E 10th St, Lovell, WY 82431 31 E 10th St, Lovell, WY 82431 31 E 10th St, Lovell, WY 82431 106 E 10th St, Lovell, WY 82431

Rent To Own Potential

Rent To Own Potential This home is marked Rent To Own Potential because the homeowner may be open to discussing a rent to own arrangement. Use our guide to help you contact the homeowner and explain Rent To Own to them.

Rent To Own Guide

For Sale by Owner - FSBO

What is it?

For Sale By Owner, or FSBO, simply means that the homeowner is selling the home themselves, without the help of a real estate agent. Otherwise, this listing is the same as any other home for sale.

Why is it good for Rent To Own (RTO)?

FSBO homes have no real estate agents, so there is no middle man to deal with. It is easier to reach the homeowner and negotiate with them.

Understand What You Can Afford

Not sure how much home you can afford? Our handy calculator has your back. Play around with different numbers in fields to find a combination of terms that you are comfortable with.

Next to each field name in the calculator, you'll find a "?" symbol which explains what the field is for. Some also give you an idea of what a common amount is for that field to give you a suggested starting point. These amounts may be negotiable.

Total Monthly Payment :
RTO Funds :
Contact Info:

Calling Homeowner

Take a moment to review the talking points below before beginning your call. You'll have a tendency to rush through to get the information out. The more you are able to relax and have a natural conversation the better the call will go. Use pauses to give the homeowner time to think and respond. Practice active listening: give your full attention, don't interrupt. Do ask questions or summarize what they said where it makes sense. It's also a great idea to put a mirror facing you so you remember to smile during the conversation. The person on the other end may not be able to see your smile but they will feel it in your voice.

Initial Contact

Introduce yourself and check if it is a good time for the homeowner to talk. Verify the home is still up for sale. Use this time to build a connection with the homeowner. Use the homeowners name. Remember to pace yourself and take pauses. Often in attempt not to forget what we want to say, we rush through things in phone conversations.

Learn About the Home

Ask the homeowner about their home. Getting the owner to talk to you helps them become more at ease and familiar with you. Also, you can make sure the home fits your needs.

Transition

Once you have a comfortable conversation going and know you are interested in the house, you can transition the conversation to rent to own. Confirm you like the home and follow by asking if they are willing to consider a rent to own arrangement. Tell them why this would be an attractive option for them and why you would be a good fit.

Overcoming Objections

You will hear a lot of no's, don't be discouraged! People tend to say no before thoroughly thinking over the issue at hand. Think of a no as an obstacle. Ask open-ended questions to figure out how you can make the arrangement work for both you and the homeowner. Use your judgment to decide when to move on to the next home versus continuing the conversation with the homeowner. The key is to not be pushy and keep it conversational.

Wrap It Up

If the homeowner is open to exploring options, request to view the property. Face-to-face conversations are more likely to lead to a deal.

Your Notes

How did your call go?

Is the homeowner interested in a rent to own arrangement? Congratulations! Prepare for your face-to-face meeting with the homeowner by doing your homework. Remember, rent to own terms are negotiable. Play with the numbers in our calculator to get an idea of the numbers you want to negotiate.

Some homeowners either will not be interested at all or their situation makes them unable to accept a rent to own agreement. Use those conversations as a learning experience. If the owner did not agree to RTO, take a moment to reflect on the conversation as a learning experience.

What part of the call did you think went well? Try to incorporate that into future calls.

What part of the call do you think could do better? Think about what you can do to improve that.

Visit the Rent To Own Financing pages and get on your way to Homeownership!

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