How does the beach picture above relate to mineral rights value in Wise County Texas? It doesn’t. But if you understand the value of mineral rights in Wise County Texas, you may find yourself planning a vacation to beach like this in the future. As a mineral owner, your goal is to maximize the value of the mineral rights you own. You best way to do this is by being informed about your mineral rights. Mineral owners who have knowledge about the value are better equipped to negotiate for the best possible price. Many mineral owners are clueless about mineral rights value in Wise County Texas. Don’t let that be you!
How to Value Mineral Rights
Let’s get the basics out of the way. To properly value mineral rights, you need to place them in a large market like the one found at US Mineral Exchange. The reason this is so important is because you want to avoid the common mistake mineral owners make of only talking to one or two buyers. We’ve seen this happen over and over again. A mineral owner gets an offer in the mail or talks with a single buyer and gets an offer. They quickly accept the offer without checking around to see what their mineral rights are actually worth.
If you want to get the highest value for selling royalties or mineral rights in Wise County Texas, you must get competing bids for your property. It’s that simple! That’s why we always recommend that owners list through US Mineral Exchange because it’s like putting your home on the MLS. It notifies all the buyers in the market that your property is for sale and allows them to make offers. This ensures you get the best possible price when you sell!
How to estimate mineral rights value in Wise County Texas
Maybe you’re not interested in selling mineral rights. That’s perfectly ok. While we can’t tell you the exact value, we can at least help you get an estimate so you have some idea of the value.
To estimate the value of royalties in Wise County Texas, all you need to know the is the average amount you receive each month. Preferably, the last 3 months worth of check stubs. If you take the average amount you get each month, enter it into the first box below:
Keep in mind that you COULD get a much higher amount depending a number of factors.
If you own non-producing mineral rights in Wise County Texas, you might get anywhere from $250/acre to $2,500+/acre. Again, it all depends on specifically where your property is located!