Can you make money buying and selling cemetry plots

It became clear that the couple wouldn’t use the plots after Frankel’s father died and was buried in Florida. As burials require permits and preparation, there is little chance that your property in the cemetery will be seized or occupied by others. They generally have only a few hours or a day to find a final resting place and absolutely no desire to shop around. It’s best to bring in a lawyer to help with the paperwork, as there will be a great deal of variance from one county, state, or country to another.

Let friends in your social network know what you are reading. Is a cemetery plot a good investment? Not if you can’t use it or sell it. Buying a cemetery plot can be part of an estate plan. But review the risks. A link has been sent to your friend’s email address.

Burial Plots: Location, Location, Location

Some people own part of a family burial plot while others purchase a plot in advance to prepare for the future. In spite of these preparations, life changes such as divorce, family disputes, relocation, a change in religious beliefs, or simple changes in mortuary preferences can make a previously purchased plot undesirable. In these cases, knowing how to sell a burial plot may be necessary. Learning how to sell a burial plot can help you take an active role in the process and ensure the rapid sale of an unwanted burial plot. If you want to sell your burial plot back to the cemetery, find out who your cemetery’s sexton is by checking on its website or visiting the cemetery’s main office. Then, ask the sexton whether the cemetery is willing to buy back the plot.

Instructions

Some people own part of a family burial plot while others purchase a plot in advance to prepare for the future. In spite of these preparations, life changes such as divorce, family disputes, relocation, a change in religious beliefs, or simple changes in mortuary preferences can make a previously purchased plot undesirable. In these cases, knowing how to sell a burial plot may be necessary. Learning how to sell a burial plot can help you take an active role in the process and ensure the rapid sale of an unwanted burial plot.

If you want to sell your burial plot back to the cemetery, find out who your cemetery’s sexton is by checking on its website or visiting the cemetery’s main office. Then, ask the sexton whether the cemetery is willing to buy back the plot. If it is, the sexton can you make money buying and selling cemetry plots consider the price you paid and today’s market price before making you an offer to accept or refuse. Alternatively, use a specialist online service like Grave Solutions or Plot Brokers to advertise your plot for sale.

For tips on how to find out if you’re allowed to sell your plot and how to draft an advertisement, read on! To create this article, 9 people, some anonymous, worked to edit and improve it over time. Together, they cited 16 references. Categories: Cemeteries Burial. Bill Hargraves. Log in Facebook Loading Google Loading Civic Loading No account yet?

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Learn why people trust wikiHow. It also received 21 testimonials from readers, earning it our reader-approved status. Learn more Method 1. Check your state’s laws. The laws governing a burial plot’s sale or transfer vary greatly from one municipality to the.

Burial plot brokerages often go unregulated in the United States, but some states’ comptrollers offices regulate cemeteries and the transfer of plots. Know your cemetery’s status. Even in places with existing laws that cover burial plot sales, there may be specific requirements that depend on the specific cemetery in question.

For example, in New York, burial plots are supposed to be sold or transferred by the cemetery that houses those plots. However, cemeteries owned by religious institutions are considered outside the laws that govern not-for-profit cemeteries, and such sales or transfers are perfectly legal. Check your local market.

Assuming that your state, town, and cemetery all permit the transfer of ownership for burial plots, you may still have a hard time selling yours. Many people shy away from buying burial plots «second hand,» while other places have an over-flooded market of people trying to sell their plots. You should also check the dates on those advertisements to determine whether they tend to have a fast turnaround time. Where you live is the biggest factor in determining how successful your sale will be.

Burial plots tend to sell the fastest, and net the most money, in places where people move to retire. In the United States, that means retirement destinations like Arizona, California, Florida, and Texas are often hot markets.

Method 2. Identify the cemetery’s sexton. The sexton, or manager, is in charge of overseeing many transactions and arrangements for burial plots in the cemetery. The first step in arranging a cemetery buy-back is to identify who your cemetery’s sexton is. Search the cemetery’s website for a directory or contact information.

The website should list who the manager or sexton is. If you cannot determine who the sexton is using the cemetery’s website, you can try visiting the cemetery’s main office in person. Inquire about buybacks.

It may feel awkward to ask a cemetery employee about buying back your plot, but it happens quite often and is nothing to be embarrassed.

Not all cemeteries will engage in buybacks, but many. However, many cemeteries will buy unused plots back, or at least recognize an outside sale. Complete the transaction. In completing the transaction, the sexton will most likely consider how much you paid for the plot, how much it will be worth on the market today if sold to a new buyer, and arrive at a financial offer for you. Method 3. Choose an advertising service.

There are many options for selling a burial plot online. You can use a specialized service, such as Grave Solutions or Plot Brokers, or place your own ad on free websites like Craigslist and Ebay.

Brokerage services typically charge either a monthly advertising fee, a percentage of the final transaction, or a combination of the two. Take photographs of the plot. It may sound a bit strange, but photographs can be an important factor in a buyer’s decision. Many burial plot listings feature descriptions paired with photographs so that prospective buyers can get a comprehensive understanding of the plot before they decide to purchase it. Draft the advertisement. Your ad should clearly state the name of the cemetery, as well as the section, plot, and grave number.

The advertisement should also include your asking price for the plot, though many sellers end up offering some room for negotiation. Complete the necessary paperwork. It’s best to bring in a lawyer to help with the paperwork, as there will be a great deal of variance from one county, state, or country to.

Different municipalities have different requirements. Generally speaking, the paperwork you use to complete the sale should specify the location of the burial plot and a clear transfer of ownership. You may wish to secure a signature from a cemetery representative as well, so that the buyer feels comfortable with the purchase he is making. Can a simple sales receipt that has been notarized work with burial plots?

Danny Vela. As proof of ownership? At time of need, they will require proof of transfer. It has to be deeded to the new buyer. Yes No. Not Helpful 1 Helpful The cemetery said they would only purchase my plot at the original purchase price.

Is this normal? Cemeteries can buy back if they want and they set the prices. You are better off selling it through a third party source. Craigslist, for example. To sell a plot, you need to write the ad in a very unique and appealing way. Usually people don’t react to cemetery ads. Not Helpful 4 Helpful Easy, call the cemetery and ask for the price, they are obligated to give you. Cemeteries usually have a discount every month.

That means the plot is being sold for around K. Keep in mind that cemeteries give benefits and payment plans, so you might want to sell for can you make money buying and selling cemetry plots than. You can probably sell it for k. Not Helpful 3 Helpful How do I determine who is the owner? Can the mortuary tell us that? We are grandchildren of the original owner, both our parents are buried there and there are four remaining plots. The cemetery office can help you with. Take your IDs. The rights are always given to the next of kin.

Usually the person that can help you with that is a Family Service Counselor. Just ask if you can meet with one of them, but again, it will be at the cemetery office.

The mortuary would probably just direct you to .

Should you buy a plot ahead of time?

That means the plot is being sold for around K. Remember never a Renewal fee to stay listed, ever! About 85 percent of the cemetery association’s revenue now is generated by families who are pre-planning in some way, he said. Never a zelling fee. They have no idea that at the cemetery they will bury their loved in there is property available from an owner because there is no place for them to go and find out what cemetery plots for sale or burial plots for sale are there, in the limited time they have to make a decision. Considering that cemeteries are still pieces of property, investing in plots is worth looking. One plot remains for him and he doesn’t want it. Please Email us and we will try to get you an answer. You can probably sell it for k.