Mineral Rights Value
If you own mineral rights, chances are you want to know more about mineral rights value. How much are mineral rights worth? Where can I find this information? At US Mineral Exchange our goal is to help mineral owners learn everything they can about their mineral rights. This free guide to mineral rights value will help you better understand the value of your property. If you have specific questions, fill out a free consultation form.
How Mineral Rights Value is determined
Many mineral owners are searching for the Zillow of mineral rights. They are hoping to find an exact answer that will help them value their property. The problem is that there is no website that can tell you exactly how much your property is worth. Here are the key reasons why you won’t find an exact value for your property online:
Public Records: When you sell a home, that information becomes public record. Companies like Zillow can pick up this information and put it all together to help estimate the value of your home. Mineral rights are completely different story because sales information is not public record. This means that access to information about what things are selling for is very limited.
Timing: Unlike most markets where value generally moves slowly in one direction or the other, mineral rights change in value very quickly. The reason this happens is that production nearby and the price of oil have a large affect on the value. We have seen many instances where mineral rights were being sold for $5,000/acre one month and then a few bad wells in the area and crashing oil prices cause prices to plummet just a few months later.
With limited information about what the value is and a constantly changing market prices, how can mineral rights value be determined? The market value of mineral rights is determined by what a buyer is willing to pay today for your property.
Since there is very little information available and prices change rapidly, the only way to find out for sure what your property is worth is to list mineral rights for sale. This allows buyers to make offers on your property that will let you determine the mineral rights value. However, it’s important to get maximum value when you sell mineral rights.
How to Maximize Mineral Rights Value
Do you want to get maximum value when you sell mineral rights? Of course you do! That’s why it’s important to get your property in front of a large audience of mineral rights buyers. This allows buyers to compete against one another to pay the highest price. With the lack of information and quickly changing prices, this is the only way to ensure that you get the highest market value possible.
At US Mineral Exchange, we have created a huge network of mineral rights buyers for exactly this reason. It allows you to quickly and easily locate the buyer who is willing to pay the most for your property! Listing at US Mineral Exchange is like putting your home on the MLS. After creating a listing with us, buyers from all over the country will know your property is for sale.
When you begin receiving offers, we’ll work with you to evaluate each one and determine which offers best meets your needs. When you sell mineral rights at US Mineral Exchange, you can feel confident that you are getting the maximum value possible.
Mineral Rights Value – Common Mistakes
Through our experience helping mineral owners, we have found there are a few common mistakes mineral owners make when it comes to value. Here are just a couple of the most common:
Shotgun Approach – Many mineral owners take the shotgun approach. They contact a couple buyers and quickly sell far below market value.
Timing – Since timing plays such a key role in the value, it’s important to understand that the value of your property in the past is not the same today. Since mineral rights value changes so frequently you can’t rely on past information. The only way to know for sure what your property is worth is to get it in front of a large group of buyers and find out what it’s worth today.
Accepting the 1st Offer – If there is one mistake that can cost you the most money, this is it. Many mineral owners make the mistake of accepting the first offer. Why is that such a big mistake? You only have a single piece of information. With only one offer in hand, how do know that’s the highest offer that you could receive? If you want to ensure maximum value for selling mineral rights it’s extremely important to get competing offers.
Questions about Mineral Rights Value?
Do you have specific questions about mineral rights value? Each mineral owner has a unique property and we’re here to help. If you want to know more about the value of your property, fill out the form below.
Many mineral owners make the mistake of finding a couple buyers and requesting a quote. They then accept an offer far below market value because the buyers they found weren’t the ones willing to pay the highest price. When you list at US Mineral Exchange, it allows all the buyers to come to you which means more cash in your pocket. We frequently speak with mineral owners who have an offer in hand but want to know if it’s fair. After listing at US Mineral Exchange, they get a higher offer than the one they had almost every time.