Cemetery
Property...
One Man's Treasure Is
Another Man's Ultimate White Elephant
by RW Ward
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There
are nearly 1.5 million people in this country who think
they have a white elephant and don’t
know how to get rid of it. They have cemetery lots, mausoleum crypts, niches,
markers,
memorials, caskets, etc., they no longer or never
wanted to own let alone use. The problem is, even though these
items are sometimes worth tens of thousands of dollars, they
haven’t got a clue how to go about getting them into the
hands of someone who would want them.
Easy, you say, “Just run a classified and wait for the
phone to ring.” You would be wrong of course because these
things aren’t sold like houses and cars. You could spend
more on running classified ads than your property, product or
services are worth and still not sell them. The reason is they
are time and need sensitive. Most things sold in our everyday
world are want and price sensitive. When was the last time you
woke up in the morning and said, “Gee where is that
newspaper I really want to get some death care stuff today. I
hope somebody has a great price on what I want.”
So how does one go about getting rid of these white
elephants? First, they aren’t white elephants. They just
appear to be because the way to market them is still being
invented. The reason for this is that until just the last
three decades there was little need to market them much at all
except for the occasional divorce, where, understandably,
Romeo and Juliet, who no longer could live together, sure
weren’t going to lie through eternity together.
Families tended to remain in the same general vicinity for
generations and having family plots or estates was common.
This is no longer the case. Mom and dad live in Michigan the
kids could be in New Mexico or Alaska and the likelihood of
that family being buried together in the future has become
more remote every year. Add to this the proliferation of
people deciding to be cremated or not having a traditional
burial and you start to get an idea of how big the changes
have been to the traditions of funerals and burials.
It is estimated that nearly 1.5 million people probably
have what they would consider one of these white elephants but
don’t know what to do. We know there are a lot because we
hear from some of them and the question is always the same,
“What do I have to do to sell my property?”
The first thing we tell them is generally it won’t happen
fast but when it does you have to be ready to sell
immediately. It can take months and sometimes years to find
the right buyer. When that email or phone call does come it
generally will be because it is needed immediately and so you
should have done your homework and be able to turn the
property over within hours. This dichotomy is due to the
nature of why people buy in the first place, need and speed.
Most cemetery property whether sold by the professionals,
funeral directors or cemetery owners, or private owners is
sold as it is called “At-Need”, meaning somebody has just
died and the family needs to decide on where to bury their
loved one in the next two or three days. They generally are
under pressure to make this crucial decision in the first 12
hours after death and are not disposed, understandably, to
doing a lot of shopping around.
So, you should have found out how the property rights are
transferred at the cemetery or mausoleum from one owner to
another and what paperwork is needed. Generally, a form known
as a “quit claim” or something like it is used by most
cemeteries to accomplish transfer of rights from one owner to
another. It requires your signature and the new owners and
usually a fee to do the paperwork, by the cemetery, is
charged. The fee can vary from a few dollars to as much as
$150 depending on the cemetery ownership. The new owners pay
you the agreed upon price and it is done.
So, you can see selling isn’t the big problem here. The
big problem is making sure this particular family, on that
particular day, at that particular cemetery know you even have
the property for sale. Trust me they aren’t going to look in
the classifieds for your ad.
So where will they turn to find out about you? That is were
this new marketing is being invented. A good amount of it will
be up to you and will take some legwork on your part. If you
do it right, you will turn that white elephant into something
of value and help a hurting family in the process, a very
worthwhile goal, don’t you think?
So what do I do, you ask? First write a description and
location of what it is you are selling. Make sure you provide
pricing, contact information and any other pertinent facts
about your offer the potential buyer should know. Don’t
forget to let them know you already have done your
“homework” and can deliver the property to them quickly
and how that will be done. Remember, they are making scores of
decisions at a very stressful time and others will be trying
to convince them that even though the cost will be greater
than what you would charge them for an almost the identical
thing, it would be easier to buy from them the professionals.
Besides, most states prevent cemeteries and funeral directors
from selling already owned property under “sale for
speculation laws”. They can however pass on information to a
buyer from you about your offer.
Once you have your listing done get into the hands of those
professionals who are involved with death care on a regular
basis: clergy, social service professionals, funeral
directors, nursing homes, hospices, trust accountants,
financial and retirement specialists and estate attorneys, to
name a few. This should be handled delicately but if you are
providing a really good value to a family who is faced with
the ever-increasing cost, the effort will be appreciated. You
should be prepared to revisit, write or phone those
professionals you make aware of your property every six months
or so. Remember, if you don’t stay on top of it nobody else
will.
Although the classifieds won’t help you much, you should
register with one or several of the established Internet
listing services available for private owners to list their
property, goods and services. The pricing is as varied as the
services and exposure. You should be listing with a service
that provides potential buyers with a large listing of
properties and seller with the least costly and most flexible
arrangements. Being able to change your ad at any time and as
easily as possible is must. Since time between listing and
selling could be months or years you may not like having to
pay a renewal fee every three or four months to maintain your
listing, unless your getting something in addition to the
listing. To find one of these listing services, try running a
“cemetery lots for sale” Google or Yahoo Search like a
buyer might. Make sure, however there are plenty of properties
and cemeteries being listed. Don’t just list because it’s
cheap or free. A professional service will have literally
thousands of listings.
As this new market develops, the aging “Baby Boomer”
population nearly insures this; it will provide a less costly
purchase to families now without any alternatives. You will
then have turned your white elephant into something of value.
About the
Author
RW Ward,
Essexville, Michigan, USA
Final
Arrangements Mail @
http://www.finalarrangementsnetwork.com/
The author writes and studies marketing and consumer trends in
death
care around the world. His industry experience includes
some of the world's largest death
care providers.
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