5 Things You Can Do With The Proceeds From Your Vacant Land Sale In Johnson City

You own vacant land but you aren’t in it for the long haul and you are sick of paying annual taxes. You initially bought the vacant land to build on, but it doesn’t seem like you ever will. You just accepted an offer on your vacant land and need to decide what to do with the check after closing. Maybe you haven’t decided to sell yet? Here are some things you can do with the proceeds from your vacant land sale in Johnson City, TN.

Invest In Something Else

There are so many ways to invest money. You could reinvest in a different piece of vacant land, maybe in a new area. You could put a down payment on a new house or even a rental property to make some residual income.

You could also invest in the stock market with plenty of types of companies and varying degrees of risk. You can select stock in your favorite companies, or go with a bulk investment with a mutual fund. There are lots of companies and apps that make investing simple.

Start A Savings Account

Another great thing you can do with the proceeds from your vacant land sale would be to start a savings fund. It is never too late to save money! You could save for a larger purchase in the future like a new house or maybe you just had a grandchild and want to start a college fund. Check around at a few different banks for different investment options to find the best return for your savings account. This is a slower, less risky investment than the stock market or other real estate.

Have Some Fun

Going on a much-needed vacation would be a wonderful thing to do with the proceeds from your vacant land sale in Johnson City. Go somewhere you’ve always wanted to go! Explore somewhere new, like a state you’ve never been to, or go on a cruise for the first (or fifth) time. Making time to enjoy adventures in life is priceless. 

Maybe you’ve had your eye on that boat every time you go to the sporting goods store. Maybe your spouse wants a new car. Maybe you need a new computer. The proceeds from your vacant land sale would be a nice chunk of change to buy that larger purchase that you’ve been wanting but don’t want to go into debt for. 

Make Improvements

Proceeds from your vacant land sale could help remodel the kitchen! You might even be able to spring for the countertop upgrade. Or maybe your teenager’s first car needs a little fixing up before you hand over the keys. The proceeds from your vacant land sale would be a great fund for improvements. There’s always something that you need to fix or put money into. This would be a great relief for that much-needed improvement. 

Pay Off Debt

We live in a society now that just about everyone is in some sort of debt. A smart thing to do with the proceeds from your vacant land sale would be to pay down some or all of your debt. Pay down some credit cards to avoid extra interest. Make extra payments on your mortgage. Pay off a large portion of your car loan and reduce your insurance costs. Large payments over the minimum due will save you interest in the long run. 

Give Awesome Cash Buyers Co. a call at 423-797-6009 or send us a message to discuss these and other things you can do with the proceeds from your vacant land sale in Johnson City. We can discuss your property and help you weigh your options.

blainedartez

Hey there, I’m Blaine, the owner of Awesome Wholesalers! Thanks for checking us out. I love every aspect of real estate, but one major reason I started buying homes is that I saw that sometimes people were getting into tough situations with their home… facing foreclosure, can’t make repairs, getting behind on payments, and more. I’ve seen people struggle with squatters, or go through the process of losing homes up close and personal. Bottom line: I know that sometimes bad things happen to good people. I got into real estate because I wanted to offer a service where I can help homeowners in my community. My passion and goal with this company is to get people out of burdensome properties, or helping another local investor build their portfolio. Besides all that, I enjoy seeing a run-down home flipped and made beautiful, and become a benefit to a neighborhood. Now, I get to run my own business and spend more time with my family and help homeowners like you that are facing tough situations.

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