Have you received an offer to sell mineral rights? If so, you need to be careful about the next steps you take. An offer to sell mineral rights in Texas is a good thing because it shows there is demand for your property. However, you need to ensure that you are actually getting a fair price for your property! Before you accept any offer to sell mineral rights carefully read this guide. We’ll explain everything you need to know about an offer to sell mineral rights including how to maximize the value when you sell.
Unsolicited Offer to Sell Mineral Rights in Texas
One of the most common ways you will get an offer to sell mineral rights is in the mail. Many Texas mineral owners will receive an unsolicited offer to sell mineral rights in the mail with an offer to purchase for $X of dollars. One of the most common mistakes we see mineral owners make is accepting the offer to sell mineral rights without making sure it’s really a fair offer. When you get an offer in the mail, it almost never represents the best possible offer you could get. The companies who send these offers hope to find a mineral owner who doesn’t know a lot about mineral rights or what the value is. They hope you will quickly sell mineral rights to them below market value so they can make a handsome profit.
If you have received an unsolicited offer to sell mineral rights in Texas, don’t be pressured into signing anything. A common tactic is to present an offer to you with a very quick expiration of 48 hours or just a few days. This forces you to make a hasty decision that’s not in your best interests. When you get an unsolicited offer to sell mineral rights in Texas there is absolutely no rush even though they make it sound like there is.
How Sell Mineral Rights for Maximum Value
When you first get an offer to sell mineral rights in Texas, it’s tempting to just accept it and move on down the road. The assumption is that if someone took the time to make an offer it must be a fair one right? More often than not the first offer you receive is not going to be the best one.
If you want to truly maximize the value of mineral rights in Texas you need to get your property in front of a large audience of buyers. When you get your property in front of a lot of buyers it allows these buyers to compete against one another. This competition among mineral buyers will ensure that you get a top dollar offer. When a single buyer knows that you are only talking to them, they don’t have to give you a fair offer since they aren’t competing. When you place your property in front of a large audience of buyers, they know they have to come in with their strongest offer. This puts more cash in your pocket!
If you are considering whether to sell mineral rights in Texas, we highly recommend you the list the property with US Mineral Exchange. The reason we recommend them is that listing with them is like putting your home on the MLS. It tells mineral rights buyers that your property is available and they have the ability to come in an make an offer. Mineral owners have seen much higher sales prices by listing their property on US Mineral Exchange rather than accepting the first offer to sell mineral rights they receive.
