We Buy Land Spokane
You possess undeveloped land, yet you do not intend to hold onto it for an extended period and are weary of the annual tax obligations. Initially, you purchased the land with the intention of constructing a property, but it appears that this plan will not materialize. Selling your vacant land and having recently accepted an offer for your vacant land, you now face the decision of how to manage the funds received after the closing process. If you have not yet made a decision regarding the sale, consider the following options for utilizing the proceeds from your vacant land transaction in Spokane, Washington.
Invest In Another Asset Class
There are numerous avenues available for investing money. One option is to reinvest in another parcel of undeveloped land, potentially in a different location. Alternatively, you might consider making a down payment on a new home or acquiring a rental property to generate passive income.
Another possibility is to engage in the stock market, which offers a wide range of companies and varying levels of risk. You can choose to invest in shares of your preferred companies or opt for a more diversified approach through a mutual fund. Many companies and applications exist to facilitate the investment process.
Start A Savings Fund
One beneficial option for utilizing the proceeds from the sale of your vacant land is to establish a savings fund. It is always a prudent time to begin saving money. You may wish to accumulate funds for a significant future purchase, such as a new home, or perhaps you have recently welcomed a grandchild and wish to initiate a college fund. It is advisable to explore various banks to compare different investment options, ensuring you select the most advantageous return for your savings account. This approach represents a more gradual and less risky investment compared to the stock market or other real estate ventures.
Go On Vacation And Have Some Fun
Utilizing the proceeds from your vacant land sale in Spokane to embark on a well-deserved vacation would be an excellent decision. Consider visiting a destination you have always dreamed of exploring. Whether it is a state you have yet to experience or embarking on a cruise for the first or fifth time, taking the time to indulge in life’s adventures is invaluable.
Perhaps you have been eyeing that boat during your visits to the sporting goods store. Alternatively, your spouse may desire a new vehicle, or you might require an updated computer. The funds from your land sale could provide a substantial amount to invest in that significant purchase you have been contemplating, allowing you to avoid incurring debt.
Make Improvements To Your House
The funds obtained from the sale of your vacant land could be utilized to renovate the kitchen. Additionally, you may find yourself in a position to invest in an upgraded countertop. Alternatively, if your teenager’s first car requires some repairs prior to handing over the keys, the proceeds from the land sale would serve as an excellent source of financing for such enhancements. There are always various projects that require attention or financial investment. This would provide significant assistance for those essential improvements.
Pay Off Bills and Debt
In contemporary society, it is common for individuals to find themselves in various forms of debt. A prudent approach to the proceeds from the sale of your vacant land would be to utilize them to reduce some or all of your outstanding debts. Consider paying down certain credit card balances to mitigate additional interest charges. Additionally, making extra payments on your mortgage can be beneficial. Reducing a significant portion of your car loan may also lead to lower insurance premiums. By making substantial payments above the minimum required, you can ultimately save on interest over time.
Give REI Branded Home Buyer a call at 509-769-3439 or send us a message to discuss these and other things you can do with the proceeds from your vacant land sale in Spokane. We can discuss your property and help you weigh your options.
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About REI Branded Home Buyer
Real People. Real Stories. Real Solutions. We’re George and TJ — two regular guys who teamed up to create REI Branded Home Buyer, a local company with one simple mission: to help people sell their homes without stress, games, or pressure. We actually met at a local real estate meetup. A mutual friend randomly shouted, “Hey George, do you want to be this guy’s mentor?” George laughed and said, “Just give him my cell!” A coffee meeting later, and the rest is history. We've been working together ever since. Our passion for helping homeowners comes from personal experience. George was once homeless, so he deeply understands what it’s like to face housing uncertainty. TJ’s family went through a crisis and had to sell their home fast — with the help of a cash homebuyer. Those experiences shaped who we are and inspired us to create a company that treats people the way we wish we’d been treated. Let’s be real: the real estate world is full of shady companies, pushy salespeople, and sleazy homebuyers who care more about profit than people. We started REI Branded Home Buyer because we believe it should be the other way around — people first, profit second. We’re proud to call Spokane home. Our wives, Jenny and Michelle, love the slower pace of life here and all the outdoor beauty Washington has to offer. George and Jenny have two amazing daughters and two dogs — they love to travel and recently visited Japan to see their daughter abroad. TJ and Michelle are outdoor lovers through and through — backpacking, hiking, hunting, fishing, even rock climbing. Michelle’s become quite the mountaineer! If you’re thinking about selling a house — no matter the reason — we’d love to hear your story and see how we can help.