How to Sell Royalties in Texas
How to Sell Royalties in Texas
Want to know how to sell royalties in Texas? You’re in the right place! When you sell oil royalties it’s important to maximize value. It’s also important to fully understand all of your available options. Before you sell royalties in Texas, carefully consider the following information.
Should you sell royalties in Texas?
If you read many oil and gas forums or speak to someone in the industry, you’ll commonly hear people tell you to never sell. The reality is that there are a lot of good reasons to sell. Making the decision to sell oil royalties in Texas is a personal one. You should carefully consider whether you want to sell, but if that’s the right decision for you then go for it! Here are some common reasons why owners decide to sell royalties in Texas:
- Estate Planning: Many royalty owners decide to sell to make estate planning more simple. Owning royalties can create a complicated situation when trying to determine how to split up an estate. Converting your oil royalties in Texas to cash can help you more easily plan your estate.
- Meet Short Term Need: A lot of royalty owners find themselves in a difficult financial situation. While holding onto your royalties would be nice, it’s sometimes necessary to sell royalties to meet your needs. Your oil royalties could be sold as a way to meet your current obligations.
- Fund a project: Have you been considering a dream vacation? Been wanting to update your kitchen? Once you know how to sell royalties in Texas you can quickly meet these goals.
- Diversify Investments: Another common reason royalty owners sell is to diversify their holdings. If you have a significant amount of royalty income each month, it might make sense to put some of that cash to work in the stock market or in real estate. You don’t have to sell all of your oil royalties. You can also sell just a portion.
Estimate the Value of Royalties
Want to get a quick idea of how much your oil royalties are worth? Once you know how to sell oil royalties you can expect to get anywhere from 4 years to 6 years times the average amount you receive each month. Use the calculator below to help you estimate value. Simply enter the average amount you receive each month. This calculator will tell you how much you can expect to receive when you sell royalties in Texas:
Keep in mind that the value of your royalties could be outside that range. There are many factors that affect the value of your royalties. Next, we’ll tell you how to maximize the value of your royalties so you put the most cash in your pocket.
How to Sell Royalties in Texas for Maximum Value
Want to see your savings account increase by the largest amount? You need to make sure you sell royalties the right way. You have a myriad of options when you sell royalties in Texas. Don’t make the mistake of selling your royalties far below market value. Once you know how to sell royalties in Texas for maximum value, you can rest easy knowing that you made a smart decision!
To sell royalties in Texas for maximum value you need to create competition. What that means is that you want multiple royalty buyers to make a bid on your property. Imagine that you want to sell your home. Do you let just 1 person see your home is on the market and then accept the offer they give you? Of course not! That would be crazy. Unfortunately many mineral owners do this every day. They talk with a single royalty buyer (or two) and assume they are getting a fair price. Don’t make the same mistake as them.
To get your property in front of a large number of royalty buyers, we recommend you list your property at US Mineral Exchange. Doing so will allow multiple royalty buyers to see your property is available. This allows royalty buyers to compete for your property which drives up prices. We recommend US Mineral Exchange because they are the best option to sell royalties in Texas for maximum value.
If you’re like many royalty owners, you just want to put the most cash in your pocket. We’ve talked to many mineral owners who have listed at US Mineral Exchange and been very happy with the results. Most have been receiving 4 to 7 offers within a couple weeks of listing their property.
Questions about how to Sell Royalties in Texas?
Still have questions about how to sell royalties in Texas? We’re here to help! At Texas Mineral Group we speak to mineral owners every day and we would be happy to talk with you. Simply fill out the form below and we’ll help answer your questions!