5 Things You Can Do With The Proceeds From Your Vacant Land Sale In Sappington, MO

We Buy Houses In Sappington, Missouri. As local reputable homebuyers in Missouri, we help home sellers to sell their properties quickly and that is by purchasing cash for houses in Sappington. 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 Sappington, MO.

Invest In Something Else In Sappington, MO

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 In Missouri

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 In Sappington, MO

Going on a much-needed vacation would be a wonderful thing to do with the proceeds from your vacant land sale in Sappington, MO. 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 purchase that larger purchase that you’ve been wanting but don’t want to go into debt for. 

Make Improvements In Sappington

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 in Sappington, MO. 

Pay Off Debt In Sappington, Missouri

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.

Sell My House In Sappington, MO

Want to sell your house in St. Louis or your vacant land in Sappington, MO? Before you go and spend all of your proceeds, don’t forget about the looming tax man. When you reinvest your proceeds into a “like-kind” investment, you will be able to avoid capital gains taxes. As reputable Missouri home buyers, we advise you to always be aware of your tax consequences when you reinvest the proceeds from the sale of your land in Sappington, MO. You should always consult with your financial planner or CPA before making any financial moves.

Do You Want To Sell Vacant Land? Reach Out To Us Today And We Will Help You! (314) 334-1481