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For those individuals who have cemetery plots for sale, one frequently asked question is exactly how does the final transfer of burial property actually happen?
It is highly recommended that prior to listing your burial property, you take the necessary steps to ensure that your cemetery plots for sale are “Immediate Need Ready.” What does “Immediate Need Ready” mean?
Immediate Need Ready cemetery plots for sale are those plots that are ready to transfer to a buyer within 12 to 72 hours of initial contact. Roughly 80% of all cemetery plots are sold on an immediate need basis. In other words, someone’s loved one may die today and that person will need to find a burial place for that person sometime within the next 72 hours.
To ensure that your cemetery plots for sale are ready to be transferred immediately, you will need to contact the cemetery where the plots are located and ask the following questions:
- How do I transfer burial rights to someone in the lot(s) that I own within the next 72 hours?
- What paperwork must be completed?
- Do I need to call someone in order to transfer the burial rights, or does the family or funeral director do that?
- How do I insure that all billing associated with the burial, include open and close of the burial site, is sent to the family to whom I am giving permission to bury to?
Take good notes, including names and dates of people to whom you’ve spoken or corresponded with. When you are satisfied that you know the requirements by the cemetery of how to transfer the cemetery plots for sale, you are ready to register your burial property.
Keeping in mind that it can take years to sell your burial property, once a buyer has expressed interest in your cemetery plot, the actual transfer process is relatively easy.
When transferring the deed to your cemetery plot, typically cemeteries use a single page document called a Quit Claim. The cemetery should be able to send the document to you or help you with the transfer. This is usually handled without hassle on the part of the cemetery officials.
The exchange of money is something to consider ahead of time as well. Typically it is recommended that you establish an escrow account or electronic deposit number with your bank. You want to eliminate the use of checks or money orders if at all possible. And you definitely need to establish payment before any final cemetery plot transfers occur.
A word of caution for those with cemetery plots for sale. Beware cemetery brokerage companies who charge a commission or representation fee, or both. These cemetery brokers must possess a license to act as a broker in the state where the cemetery plot is being sold. In almost all states there are very strict rules that cemetery brokers must follow.
It is not necessary for you to hire a cemetery broker to handle your cemetery plots for sale. Your best financial option is to register the property with a company that attracts both buyers and sellers of burial property. One such option is The Cemetery Registry. Ideally the company you do choose to register your cemetery property with should only charge you a one-time registration fee. There is no need to pay any renewal fees, commissions, advertising fees, finder’s fees, etc.
Selling your burial property can be a very affordable, easy task to accomplish. Just be sure that your property is Immediate Need Ready, that you understand how to transfer the deed, have a method for collecting payment that doesn’t require the use of personal checks or money orders, and that you have the property registered somewhere that charges a one-time flat fee for listing your burial property.
Written By: C. Denise Stewart is a freelance writer living in Melbourne, Fl. She writes frequently on the topic of funeral planning and information on how to sell cemetery plots.
For those who may own unwanted cemetery plots, understanding how to turn that unused burial property into a financial investment can be confusing. Though it seems that selling burial property should be the same as selling anything else you may own, the sale of cemetery plots are is an entirely different kind of transaction.
People come to own unwanted burial property for a variety of reasons. Maybe you’ve relocated with no intentions of moving again, but still own a burial plot across country. Another common way to acquire unwanted burial property is having it bequeathed to you at the time of a family member’s passing. However you have come to own the unwanted property, it is important that you are aware of some common misconceptions or mistakes concerning the selling of your cemetery property.
How long does it take to sell cemetery plots?
The short answer is: forever. Burial property is unique to any other sales transaction in that though cemetery plots are in high demand, they are only sold as needed and very quickly when the demand is present. The only way to ever sell your burial property is to register it with a reputable and experienced cemetery registry. Once it’s registered, you will most likely have to wait months or even years until someone needs your property. Once they do, though, the sale will happen within a few days, so you will need to have all of your paperwork ready to go.
Where do I sell my burial property?
There are several ways to sell your burial property. Perhaps the most effective means is to register your property with an online cemetery registry. These online databases host many other cemetery properties for sale, which means they will attract the most potential buyers. Buyers won’t want to have to search hard for burial property. They will want to have several options available to them when choosing a burial lot. Having your burial lot listed with other lots will give more visibility to your property than if it was listed somewhere with few other cemetery lots.
The other advantage to having your burial property registered online is that you will have a global market potentially searching for a burial lot just like yours. More and more families are living far apart, which means that often family members are forced to try to make funeral arrangements for loved ones who are thousands of miles away. They won’t look in the classified section of your local newspaper for burial property. They will go online to try to find cemetery plots there.
A Word of Caution
When considering where online to register your property, you must be careful of Cemetery Brokers who require a listing fee plus commission on the sale of your property. These fees can become very steep, especially if they ask for advertising fees, too. Also, because it can take months or years to sell your burial property, any listing service that requires you to constantly pay to maintain your listing will quickly drain any value out of the sale price of your property. There are top quality online cemetery registries that only require one-time registration fees.
Patience will certainly be rewarded when it comes to selling your unwanted burial property. Though it could take months or years to sell your property, there are no sales taxes on the sale of your burial property, and the value of the lot will always increase over time, so your patience truly is an investment that pays.
No one ever wants to think about death or dying. However, facing death – either our own or the death of a loved one – is a fact of life. Few people stop to think about what death entails beyond the loss of life. There will be final arrangement details that may seem superficial compared to the loss of your loved one during your time of grief, but will be of utmost importance to attend to.
If the departed has pre-planned their own funeral arrangements, your job will simply be to make sure all of the details that were laid out ahead of time are followed. More often, though, the loss of life is sudden and without warning, meaning you will need to make decisions quickly and efficiently. One of the first steps you will have to take is deciding how to handle the internment of the deceased.
In the U.S., traditional burial in a cemetery is still the first choice for final arrangements of the departed. If your loved one did not already have burial property, this means you will need to find cemetery plots for sale. Hardly anyone ever gives any thought to how cemetery plots are sold, so the idea of trying to locate one quickly – usually within only a few days time – is unimaginable. Here are some suggestions of where you can start your search.
If you choose to use a funeral home and funeral director to help you with funeral arrangements, he or she will be able to assist you in locating burial property. This is an easy and convenient means of finding burial space, but be sure to ask for several options of lots.
Online Cemetery Registry
An online Cemetery Registry will provide listings for burial property in your area. There are registries that will also have listings for cemetery plots in other states if you need to plan a funeral for someone not living near you. The nice thing about an online Cemetery Registry is that you will easily be able to see many options for what is available within the area or cemetery that you would like to make the final resting place for your loved one.
Local religious leaders may have information about burial plots for sale, especially if you are in need of burial space within a certain religious cemetery property.
If the deceased was a veteran he or she may be able to be buried in a military cemetery. You can check with the local veterans administration for information and availability.
Anyone Who Assists in Estate Planning
If the deceased had a will or trust, the consultant for that will or trust may know of available cemetery property. Likewise, accountants, attorneys, estate planners – anyone who plays a role in taking care of matters surrounding death may have knowledge of available burial property.
A Word About Cost
Cemetery property is much like housing real estate in that location affects the price of the lot. Not only does each cemetery affect the value of the property, but also the location within the cemetery. One way to save money is to decide if you need to have a premium location for your loved ones final resting place. Though lots located on hilltops and by waterways are nice, consider how often friends and family will visit the gravesite before making your final decision. It’s a good idea to have someone less affected by the loss of your loved one accompany you when making the cemetery plot purchase.
During an economic slowdown such as we are currently experiencing, many people will try to find different ways to make money. On occasion, one person may have overheard another person talk about having recently sold burial property at a considerable profit. If you have cemetery plots for sale, or would like to place your burial property for sale, there are some things you should understand before making the effort.
The more important thing to know is that you cannot expect your burial property to sell overnight. While it’s true that once your property is needed by someone it will sell quickly, the time it takes between when you list it and when it’s needed can be very lengthy. This is the main reason why you should choose your method of listing the property very carefully.
Some people might think that to simply place an ad in a newspaper or online auction site would do the trick. But the reality is that you may need to keep placing that ad or re-listing that item for months or years before the right buyer comes along for your property. Think of the number of dollars wasted during that long wait period. By choosing a one-time-fee, no commission listing broker such as Final Arrangements Network, you will be saving a lot of money in the long run.
Though the wait can seem counterproductive for someone who is hoping to earn money immediately on burial property, an important thing to consider is that burial real estate, unlike housing real estate, is guaranteed to continue to increase in value over time. So ultimately your wait will pay dividends in the end. And besides, if you list your property and it doesn’t sell for a months or years, it’s still better than not listing your property and having zero chance of ever making any profit from it.
The fact of the matter is, that there are not enough cemetery plots for sale for the number of buyers looking to buy. The problem is the majority of buyers won’t know they need your property until someone they love has recently passed. This is why the actual sale of your cemetery plot will most likely happen within a matter of hours or days. You need to make sure that you are ready to sell when the buyer is ready to buy. Even if your buyer turns out to be someone who feels less pressure because they are pre-planning their own funeral arrangements, you will still need to know how to go about making the actual sale.
Utilizing a professional burial real estate listing service ensures that all required paperwork will be ready to process and that you will have expert assistance in how to handle the transaction of your property. The sale of cemetery plots is something best left to a professional service.
The added bonus of using an online professional service is the search engine exposure and prominence afforded by a large funeral industry organization such as The Cemetery Registry. When considering placing cemetery plots for sale, you should first think of a service like this. We live in a time when the first place most people look when they want to make a purchase is online. By listing your cemetery plots for sale with an online burial property registry, you will guarantee your cemetery plot listing will have international access to a potential buyer.
Be sure to research your cemetery plot listing options very carefully. Avoid paying annual renewal fees, commission on the sale of your property, or monthly re-listing charges. You want to be sure to choose a professional service that has your rights and interests in mind.
There are many reasons why you may be looking to sell your cemetery property. Cemeteries are the first choice for most people looking to make funeral arrangements for themselves or a loved one. Because often the need for a burial lot is immediate your sale, when it happens, is liable to happen quickly. This also means that your chances for finding a buyer for your cemetery or burial plot are excellent, especially when you turn to professional cemetery property resale companies.
Prior to Listing Your Cemetery or Burial Plot
Most people who are looking to buy a cemetery plot will need that plot to be used sometime within a period of 12 to 24 hours. Even though it’s a good idea to pre-plan your own funeral, many people don’t. The majority of the purchasers of burial property are buyers who have just suffered the loss of a loved one and are scrambling to make the necessary burial arrangements. When this type of buyer contacts you in regards to your property listing, you need to be prepared to have all of the paperwork ready to go to transfer ownership of the cemetery lot from you to the buyer.
Prior to listing your burial plot, be sure to check with the cemetery or mausoleum that houses your burial property to find out how and what paperwork is needed in order to transfer ownership of the lot from you to the new owner. This way when your buyer contacts you, you will be ready to make the sale immediately.
Cemetery Brokers and Online Cemetery Lot Registries
It is important to be cautious. Too often sellers of burial property are taken advantage of by cemetery brokers who are more interested in taking money from you than they are in helping sell your property. The first thing to ask when interviewing a potential resale expert is what costs will be charged to you. Often brokers will charge you additional fees for weekly, monthly or yearly renewal of your listing. Some may charge you advertising fees for listing your property. Still others may take a hefty commission from your property sale.
There are online burial property registries, like The Cemetery Registry, that will only charge you to list the property with no additional fees ever charged to you. These companies typically are not cemetery brokers; instead these professionals work as independent cemetery plot resale experts.
The main advantage of using an online registry to sell your burial property is that most people when searching for burial lots will conduct their search online first. Online cemetery plot registry companies spend a lot of time and money ensuring that their databases are instantly found by those wishing to buy burial plots. These registries will automatically generate a lot of Internet visibility, which means your property listing gets seen more frequently by more buyers of cemetery plots.
How to Price Your Cemetery or Burial Plot
One thing to consider when selling your space in a cemetery is that you will have a better chance of selling your burial property if you price your cemetery lot competitively. The inflation rate on cemetery lots is very high, which means anyone who checks directly with a cemetery sales office or funeral home will be quoted a price for a new lot that is significantly higher than what you may have paid for your own property. By pricing your burial lot less than what a new lot sells for, you will still be able to make money on your investment, but you will also have an easier time selling your cemetery lot.
It’s important to talk to a professional who knows how to resell your cemetery lot property. Because of the high demand — especially in certain parts of the country, and in particular high profile cemeteries – your burial lot real estate could be worth tens of thousands of dollars. In an economy such as the one we are currently experiencing, selling your burial lot if you know you will not be using it makes financial sense.
Cemeteries are limited as to how much space is available. Because of this and because burial still remains the first choice for funeral arrangements, your unused burial plot property is a valuable real estate investment. Be sure to choose a reputable resale assistance company should you make the decision to sell your burial lot property.