In 2009 when my Grandma died, she owned a piece of land that she’d inherited from a childless sibling. We didn’t realize that she had it because she’d never mentioned it or used it. The South Carolina land is bounded by train tracks on one side and has huge power lines running over it. My brothers and I inherited the land and decided to keep it. We paid the property taxes each year but we haven’t done anything with it either. After a brief conversation with them two weeks ago, my brother put an ad on Facebook Marketplace. Within a few hours, we had offers! It turns out that the little town is growing and despite features that I would consider undesirable, the 3-acre lot was attractive to several businessmen.
We accepted an offer and have just completed paperwork to have the closing done without us in attendance. My third of the proceeds will be about $8000. Unexpected money is always nice and I know exactly what I will do with it. I will pay off the 0% interest credit card that expires next month where I have $7400 of debt parked. I feel fortunate that it’s just enough to pay it completely without touching savings and that I don’t need to look for any more 0% CC offers.