Mneral Rights

What Do I Get by Selling my Mineral Rights?

Posted by on Aug 20, 2015 in Mneral Rights | 0 comments

More often than not, if you own something – you won’t want to let go of it. This is a pack rat generation, after all, consumed with the idea of keeping everything within arm’s reach so that nothing need ever be lost again. This can be dangerous behavior as most things in this world are meant to be enjoyed and what is the use of having something when you cannot use it for your own needs?

Such is the case with owning mineral rights that you don’t quite know how to deal with. After all, would it not be an investment to just hold on to these rights and wait until the market is just right for you? Unfortunately, that is not quite as ideal a plan as it might have once been. This market is not the easiest one that has a growth that is particularly easy to navigate if you don’t know your way around. It is only all too common for people to hold on to their mineral rights and never receive the payoff that these rights might have given the owner, had the rights been sold.

By selling your mineral rights, you could ease yourself of any burden that comes with owning these rights. Most owners of mineral rights are constantly bombarded by buyers who do not nearly give the owners a fair price for their property, at the thought that the owners are not quite familiar with the industry or what their rights are actually worth. That is why it is somewhat more preferable to consult with experienced professionals in this industry in order to get a price range for your property that is both fair to you and for the buyer who is interested in these mineral rights.

There are also taxes that come with owning these rights and so, by relinquishing them to a buyer who is more than adept in the mineral industry, you would no longer be tied to that industry.

If you or someone you know is considering selling their mineral rights, remember to think it through and consult an experienced professional in order to be fully informed with your personal decision.

Read More