200 Bright St, Goldsboro, NC 27530

Good overall condition, spacious 3 bedroom 1 bathroom brick ranch in nice neighborhood of Goldsboro, NC! This home comes with an extra lot (208 Bright), which includes the wraparound driveway & the extra land. The home had a lovely addition built, adding quite a bit of extra square footage to the home. The addition has its own entrance and is spacious enough to add a kitchenette and bathroom to make it a standalone studio apartment.

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Price: $179,500
Down Payment: $20,000
Estimated Monthly Payment: $1600-$1700/mo
Income Requirement: $6000/mo Gross Household Income

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Bedrooms - 4

Bathrooms (Use .5 for half baths) 1

SQFT - ~1403

Home Type- Site Built Home

Heating/Cooling Type- None

Age Of Roof- 5-10 Years

Acres: .11

More Information

Address: 200 Bright St, Goldsboro, NC 27530

Price: $179,500

Two separate homes on separate lots, side x side.
Both homes are in varying condition and will each need some updating.
Age of roofing systems are unknown, but both appear to be not leaking and in functional condition.
Utilities are off currently, however, both homes were occupied within the last 3-4 months.
Central HVAC systems on both homes, condition unknown.
Utiliites: Shared well & individual septic.
HOA: None
We are selling this Home with owner financing and will be the bank for you. This is a great option if you’re self-employed, write off a lot of your income, or just don’t want to deal with a traditional bank. We can also work with Buyers that do not have a SSN but do have an ITIN.

Frequently Asked Questions

How do I qualify? Do you look at credit score?

Once I own the home, can I make changes to it?

How do taxes & insurance work?

Will my monthly payment ever change?

Your monthly payment is made up of 5 items typically: Principal, Interest, Taxes, Insurance, Servicing Fee. The principal & interest portion will never change. Taxes may change if the city or county changes the tax rate over the years. Insurance may change from year to year as the home gets older or you make updates to it (such as new roof, etc.). Insurance is the biggest variable typically and you are able to shop around for the best price and change policies at any time. The Servicing Fee will is subject to change if the servicing company changes their fees.

How does the pricing & interest rates compare to the market?

Generally speaking, we are providing a pathway to homeownership to home buyers that wouldn’t otherwise have one. We always tell prospective clients that if they can get a bank loan, that is going to be their least expensive option. However, because we take on some risks with this type of transaction, we will typically charge a moderate premium on the mortgage interest rate as well as the sales price of the home (versus if you were paying cash for the property we are selling).

Are there any reasons I should not purchase an Owner Finance home?

What happens if I miss payments or default on the mortgage?

The most important thing is communication. Even if you are late or have a missed payment, it is best for you to reach out to us or the loan servicing company as soon as possible to discuss any potential options. We will often try to work with you so you can stay in and keep the home. As a last result, we reserve the right to foreclose on the property, but this is only after all other options are exhausted.

**Disclaimer **

We make no representations or disclosures about the property. Often times, we have not owned the property very long and do not have much information on it. We have not hired a licensed inspector to assess the property. It is important to do your own due diligence and utilize any 3^rd party professionals you wish to determine if the home is right for you & you are clear on the condition of the property. Should we have any reports on the property, we will provide them to you up front. You must complete your due diligence BEFORE entering into a legally binding contract with us and placing your deposit. One or more members of our team are licensed real estate agents, however, we represent you in no capacity. Any and all disclosures shall be provided if the Seller is a licensed Realtor. Should you desire representation, it is advised that you retain your own Realtor or other representative of your choosing. Homes are sold as-is we are not licensed mortgage broker/lenders in the state of North Carolina.

Sample Documents

These sample documents are solely for informational purposes. Actual purchase documents may vary from transaction to transaction.

Buyer Purchase and Loan Process

Loan Application

Offer to Purchase and Contract

Seller Financing Terms Addendum

200 Bright St, Goldsboro, NC 27530