Even in the worst days of the American housing market, there is and has always been one type of property that remains in the hottest of demand. The eventual owners may never get to appreciate the great neighborhood or scenic view, but cemetery plot re-sales are shooting through the roof lately. With money tight, some plot owners are opting to sell their investment(s) in their eternal resting place rather than to run up credit card debt or get into other forms of financial trouble. Seniors who had the forethought to purchase cemetery space for themselves and possibly for a loved one over a decade ago have seen the value of these investments double or even triple. With the country’s elderly being affected particularly badly by the recession, these graveyard reservations might be some of the last liquidable assets left of which to dispose.
Some cemetery plot buybacks are private business transactions between the original owners and interested parties, but other owners are finding the graveyard of their choice quite willing to buy the property back themselves – albeit not for nearly as high a price as the plot might be worth on the private market. This is perhaps the best bet for owners who need to turn a quick buck, and a great deal for the cemetery that can turn around and sell the plot as new for double or triple profits.
Those looking to buy a cemetery plot for whatever reason are being advised by financial experts that now is an excellent time to spring for a purchase. Prices are low, demand is not nearly as great as supply, and many sellers are extremely motivated to unload their property. Hey, maybe you’ll get a great deal!
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