Are you looking for a mineral rights broker in Texas? Have you received an offer to sell your mineral and royalty rights from a mineral rights buyer? If so, reading through this post is a great first step! We’re happy to help you learn how to get the greatest value for your minerals. We’ll explain how choosing the best mineral rights broker is very important first step in the process.
Did you know that, without finding the right mineral rights broker—one who will put your property before thousands of possible buyers—you could leave a lot of money on the table? It could mean the difference between making your financial goals and falling short. Here we’ll help you make a good decision! Keep reading to equip yourself with all the information you need.
Step One: Things to Avoid in Choosing a Mineral Rights Broker
When you want to sell mineral rights in Texas, you have two options. You can do it on your own, or pick a quality mineral rights broker. We strongly advise against selling mineral rights on your own. The reason is that there are a lot of pitfalls out there. You could end up selling more property than you expected. You could end up losing out on a lot of money because someone flipped your property and cut you out of the proceeds you deserved. Most importantly, you are highly unlikely to get the best price doing it on your own. It’s a fact that working with a reputable mineral rights broker will lead to a better price for you.
Individual Mineral Rights Buyer in Texas
If you’re here because a mineral buyer sent you a letter, the good news is that at least one buyer has interest. However, if you sell mineral rights to the first buyer that comes along, you are very likely to lose a LOT of money. A buyer making a single offer will not be motivated to give you your true mineral rights value. They’re trying to avoid competing with anyone else for the purchase.
You could also lose money because this mineral buyer is just going to flip your property to another buyer and take a huge cut of your value out for them. You might also end up selling more property than you intended.
Even in the off chance they are actually paying you their “top dollar” and it “feels right” to you, it is very likely that this buyers top dollar is no where close to what you should be selling for.
Individual Mineral Rights Broker in Texas
An individual mineral rights broker is probably working for mineral buyers, not you. So they’re going to get their buyers the best price they can—at your expense. They’re going to try to negotiate your price down, not up because that is in their best interest, not yours.
Because they are probably getting a commission on every deal, it’s smart to ask about that before signing up. A reasonable commission is 6%, same as a realtor. However, we have seen commissions higher than 15%. Beware of any broker who is not upfront and honest about their commission structure. It should be simple to follow and easy to understand.
The most important thing to consider when working with an individual broker is that they usually have a very small network of buyers. They usually have a local group of buyers they work for and rarely are they interested in getting you the highest price. This is because they are being paid for the difference between what they can purchase it for and what they can sell it for. The wider that gap the more they receive, not you. Align your interests with a broker offering a flat commission structure. This way each of you has an incentive to sell for the highest price.
Step Two: What to Do to Sell for Maximum Value
Put Your Minerals Before Thousands of Buyers. The best mineral rights broker in Texas will offer your minerals to as many buyers as possible. Competition like that is the only way to be sure they’re finding you every dollar your minerals are worth.
So who should you call on to make sure you’re getting the best deal? We recommend US Mineral Exchange as the premium Texas Mineral Broker. Since 2012 US Mineral Exchange has helped thousands of sellers get true market value for their minerals. They have a track record of honesty, integrity and service.
They will indeed put your minerals before thousands of buyers. This bidding cycle will give you the best chance to get top dollar for your mineral rights.
Get started on getting your best deal today! Give us just a little information, and sign up for your free consultation below:
