Are you considering selling your burial plot? You’re not alone.
The preference for cremation over traditional burial has been increasing. In 2005, only 32.4% of Americans chose cremation. By 2020, this number had risen to 56.1%, and according to the Cremation Association of North America, it is projected that by 2030, 72.8% of Americans will opt for cremation.
More than one-third (37%) of Americans’ burial plans changed after the COVID-19 outbreak in 2020. Understanding the process is crucial whether you’re looking to sell due to a change in preferences, relocation, financial needs, or an inherited plot you don’t need.
In this guide, we’ll walk you through selling your burial plot, from determining its value to exploring your selling options and navigating the sale process. We’ll cover essential topics such as the factors affecting your plot’s value, preparing for the sale, comparing selling options, creating effective listings, and handling negotiations and paperwork.
By the end, you’ll understand how to sell burial plots.
Reasons for Selling Your Burial Plot
There are several compelling reasons to consider selling your burial plot. In the U.S., the average price for a cemetery plot ranges from $500 to $10,000, depending on factors such as location and type of plot. Given these costs, it makes sense to look into alternatives.
As times change and personal circumstances evolve, many baby boomers find themselves in situations where their pre-purchased burial plots no longer align with their needs or preferences.
- Change in Preferences: One of the most common reasons for selling a burial plot is a change in burial preferences. Recently, there has been a significant shift towards alternative options like cremation or a green burial (like a biodegradable casket). If you’ve decided that a traditional burial is no longer your preferred choice, selling your plot can help you reclaim the investment and put the funds towards your new plan.
- Relocation: Another factor that may prompt you to sell your burial plot is relocation. Selling your plot can make sense if you’ve moved to a different city or state and no longer plan to be buried in your original location. This allows you to purchase a new plot closer to your current residence or to explore alternative options in your new area.
- Financial Needs: Sometimes, selling a burial plot can provide a much-needed financial boost. If you’re facing unexpected expenses, such as medical bills or home repairs, the proceeds from selling your plot can help alleviate some of the financial burdens. Additionally, if you’ve pre-purchased plots for family members who have since made alternative arrangements, selling the unused plots can help you recoup some of your initial investment.
- Inherited Plots No Longer Needed: Inheriting a burial plot from a loved one is not uncommon, but it may not always align with your own plans or needs. If you’ve inherited a plot you don’t intend to use, selling it can help you avoid ongoing maintenance fees and allow someone else to utilize the space.
Whether your reasons for selling are personal, financial, or a combination of factors, know that you’re not alone in this decision. Many baby boomers are choosing to sell their burial plots, and with the right approach and understanding of the process, you can successfully navigate this journey.
How to Sell Burial Plots
To sell burial plots, start by listing them on online marketplaces like Craigslist, and Facebook Marketplace, or specialized platforms such as Plot Brokers or Plot Exchange, which cater specifically to cemetery plots. You can also contact local cemeteries or funeral homes that may be willing to buy back the plot or refer potential buyers.
To find buyers, advertise in local newspapers, community bulletin boards, or through social media. Networking with estate planners and local religious organizations can also help connect with interested buyers.
Legal considerations include verifying ownership and transfer rights for the plot. Check with the cemetery for any specific rules or restrictions, such as fees for transferring ownership. Proper documentation, including the original deed, is important, as is ensuring the transaction complies with state and local laws.
Consider working with a lawyer or real estate agent familiar with cemetery plots to navigate the process smoothly and avoid potential legal issues.
Creating Effective Listings and Marketing Your Plot
Regardless of your chosen selling method, crafting an effective listing is key to attracting potential buyers. Start by gathering all necessary information about your plot, including its exact location, any unique features or amenities of the cemetery, and photos, if possible.
When writing your listing description, highlight the plot’s desirable qualities and the benefits it offers to the buyer. Use persuasive language and storytelling techniques to connect emotionally with potential buyers.
Pricing your plot competitively is also crucial. When determining your asking price, consider the current market value, the prices of similar plots, and your own selling goals.
Once your listing is live, actively promote it through various channels. Share the listing on social media, post in relevant online groups, and consider utilizing classifieds and local publications. Networking with eldercare professionals, estate planners, and religious organizations can also help spread the word about your plot for sale.
Navigating the Sale Process
As potential buyers express interest in your burial plot, be prepared to communicate promptly and professionally. Respond to inquiries promptly, provide additional information as requested, and be open to answering questions about the plot and the cemetery.
When you find a serious buyer, be ready to negotiate the price and terms of the sale. Once you’ve reached an agreement, draft a sales contract that clearly outlines the terms of the transaction, including the final price, payment method, and any contingencies.
Work with the cemetery to complete the necessary transfer of ownership documents and pay any required fees. Ensure the cemetery records the new ownership information to complete the sale officially.
Determining the Value of Your Burial Plot
Before listing your burial plot for sale, it’s crucial to understand its value. Several factors can influence the price of a plot, including:
- Location of the cemetery (plots in urban or high-demand areas may be more valuable).
- Location of the plot within the cemetery (plots closer to desirable features like gardens or water may command higher prices).
- Market conditions and demand (high demand for plots in a specific cemetery can drive up prices).
To get a sense of your plot’s value, start by contacting the cemetery office for current pricing information. They can provide you with the most up-to-date figures for comparable plots. You can also research online listings and classified ads to see what similar plots are selling for in your area.
Keep in mind that your plot’s value may have appreciated or depreciated since your original purchase, so the price you paid can serve as a starting point but not necessarily a definitive value.
Preparing for the Sale
Once you’ve decided to sell your burial plot, there are several steps you should take to prepare for the sale process:
- Verify Ownership and Legal Rights: Locate the deed or contract for your burial plot to confirm your ownership. If you’re unsure about the paperwork or believe there may be co-owners or beneficiaries, contact the cemetery office for clarification. They can help you verify your legal right to sell the plot.
- Research State Laws and Regulations: Each state has its own laws and regulations regarding the resale of burial plots. Some states may require specific documentation or have certain restrictions in place. Contact your state’s consumer affairs office or cemetery regulatory board to understand any legal requirements you need to meet.
- Review Cemetery Policies: Cemeteries often have their own rules and procedures for plot resales. Reach out to the cemetery office to inquire about their specific policies, such as transfer fees, paperwork requirements, or any restrictions on reselling. Understanding these policies upfront can help you avoid potential roadblocks during the sale process.
Selling Options
When it comes to selling your burial plot, you have several options to consider:
- Selling Back to the Cemetery: Some cemeteries may be willing to buy back plots directly from owners. While this option is convenient and guarantees a sale, the cemetery may offer a lower price than other selling methods.
- Selling Through Online Platforms: Online marketplaces specializing in burial plots, such as Grave Solution, Plot Brokers, and Final Arrangements Network, can connect you with potential buyers. These platforms typically charge listing fees but offer exposure to a wider audience, potentially leading to higher sales.
- Working with a Broker: Burial plot brokers are experienced professionals who can handle the entire sale process on your behalf, from listing and marketing your plot to negotiating with buyers and handling paperwork. Brokers often charge a commission for facilitating the sale, which can range from 5% to 15% of the sale value.
- Private Sale: If you prefer a more hands-on approach, you can opt for a private sale. This involves listing your plot on classifieds websites, local publications, or social media and handling the sale process yourself. While you can avoid fees and commissions, a private sale requires more time and effort on your part.
Embracing New Possibilities
Selling your burial plot can be emotional and complex, but with the right knowledge and preparation, you can navigate it successfully. By understanding your reasons for selling, determining your plot’s value, exploring your selling options, and crafting effective marketing strategies, you’ll be well-equipped to find the right buyer and achieve your selling goals.
Remember, selling your burial plot isn’t an ending—it’s an opportunity to embrace new possibilities and align your final arrangements with your current values and needs. Whether seeking financial freedom, adapting to changing preferences, or supporting a cause you care about, selling your plot can be a positive step forward.
As you embark on this journey, stay informed, seek support when needed, and trust in your ability to make the best decision for yourself and your loved ones. With a clear plan and a positive outlook, you can successfully sell your burial plot and create a new path for your final legacy.
Sources
Cremation Association of North America. (n.d.). Industry statistics. Cremation Association of North America. https://www.cremationassociation.org/industrystatistics.html
Choice Mutual. (2024). Funeral preferences 2021. Choice Mutual. https://choicemutual.com/blog/funeral-preferences-2021/
Funeralocity. (2024). The top 5 things to know about burial plots. Funeralocity. https://www.funeralocity.com/blog/the-top-5-things-to-know-about-burial-plots/
US Funerals. (2023). Cemetery plot buying and selling. US Funerals. https://www.us-funerals.com/cemetery-plot-buying-and-selling/