Unsolicited Offer to Sell Mineral Rights
If you have received an unsolicited offer to sell mineral rights it can be a little confusing. Why did you receive the offer? Who are these people? What should I do next? In this guide we will tell you everything you need to know about an unsolicited offer to sell mineral rights.
Types of unsolicited offers to sell mineral rights
There are many ways that you can receive an unsolicited offer to sell mineral rights. Depending on how you receive the offer it could mean different things. We are going to show you all the ways you could receive an offer and what it means.
Letter in the Mail: The most common way to receive an unsolicited offer to sell mineral rights is through the mail. Companies will send out thousands of these letters each month. In nearly all cases companies have not done a lot of research on your specific property. They simply hope to locate mineral owners who wish to sell mineral rights. Keep in mind that all the letters will appear like they have researched your property. They get the data from the court house records and then batch create these letters so it’s not as personal as it seems.
- What you should know: The key here is that they want to purchase your property “off market”. What this means is that they hope you will quickly sell mineral rights to them. They make it simple for you to sign the form and get a check. Seems great right? Not so fast. More often than not offers received in the mail are far below market value. They are looking for mineral owners who don’t know better and quickly sell to the first offer. This is a common mineral owner mistake.
Phone Call Offer: If you receive an unsolicited offer to sell mineral rights through a phone call it means they are serious. Unlike the people who send letters in the mail they are specifically targeting your property (or your area generally). Their goal is to buy a large amount of mineral rights in a specific area. Taking the time to make a call shows they are very interested in making the purchase.
- What you should know: When you get this unsolicited offer to sell mineral rights they are going to try and get you sold quickly. They have a specific area they are targeting. Generally they have a number of dollars to spend in an area as well. Once again, their goal is purchase the property off market. Their goal is to purchase it before anyone else has a chance to make a bid. They will be putting pressure on you to get the sale done quickly.
Local Broker: In rare cases you may have someone actually show up to your door offering to buy mineral rights not just lease them. When someone takes the time to physically drive to your property and get you to sell mineral rights they are motivated. This type of unsolicited offer to sell mineral rights is going to be the most pushy to get your property sold fast (usually in less than 48 hours).
- What you should know: In many cases these buyers are there because either A) they know that drilling is going to take place soon or B) they know they can lease your property for a high value and want to purchase your property so they can turn around and lease the property for what they paid you to purchase it (making it free for them). As usual, they are hoping to purchase your property off market without you getting any other bids.
Off Market means no competition
Take a moment and consider what all these unsolicited offers to sell mineral rights have in common. They are all trying to purchase your property off market. They are doing so for one simple reason. When you purchase mineral rights off market there is no competition. This means they can usually purchase the property below market value.
As a mineral owner, your goal is to sell mineral rights for maximum value! When you accept an unsolicited offer to sell mineral rights you are usually selling far below market value. Any offer you can get is a good one and we aren’t recommending you don’t speak to these buyers. In fact, we recommend you do speak to them and get an offer in writing. You will at least have a starting place to know what the true market value of your property is.
What to do about an unsolicited offer to sell mineral rights
Once you receive an unsolicited offer to sell mineral rights you have a choice. Do you want to sell mineral rights or hold onto them? Deciding whether you should sell mineral rights it’s a personal decision. If you do decide to sell mineral rights, we advise getting some competing bids. The more competition there is for your property the better your chance of getting fair market value.
If you want to sell mineral rights for maximum value your best bet is to list them with US Mineral Exchange. Our company gets your property in front of thousands of buyers quickly. You already have one interested buyer so that means there is demand for your property. Before you sell mineral rights to the first offer (a common mineral owner mistake), consider all of your available options.
The nice thing about listing your property with us is that there is no cost to list! In addition, there is no obligation to accept any offer you receive. Most mineral owners are surprised when the offers they get are substantially more than that unsolicited offer to sell mineral rights.
Questions about an unsolicited offer to sell mineral rights?
If you have questions about your unsolicited offer to sell mineral rights, we’re here to help! We speak with mineral owners every day and we look forward to hearing from you. Please don’t hesitate to fill out the form below with any questions and our friendly team will respond quickly.
The more information you can provide about your property the better! We can give you a better idea about the value of selling mineral rights if you provide more information. The most important thing we need is for you to answer the questions and provide your state and county.
If you have the required documents to list, providing those is extremely helpful!
Absolutely not! When you inquire at US Mineral Exchange we will not be putting any pressure on you to sell. We will help answer any questions you have whether you are interested in selling or not.
At US Mineral Exchange, we take privacy very seriously. We will NEVER sell your information or use it without your consent. When you send us documentation or tell us about your property, that information does not go outside our company without your consent. Even when you list a property for sale on our website, we strictly control who has access to the information about your listing so that only legitimate buyers will be able to see property details.
Many mineral owners make the mistake of getting an offer and quickly selling. They then accept an offer far below market value because they felt pressure to sell. There is nearly always a better price available.
Imagine you were selling a home. Would you get the best price from a random person who walks up and makes you an offer? No way! Now imagine you list the home on the MLS where thousands of potential buyers know your house is for sale. The key to getting the best price is competition. Our guide to selling mineral rights explains everything.
The reason that so many mineral owners decide to sell mineral rights at US Mineral Exchange is access to our large network of mineral rights buyers. Our goal is to help you get top dollar for selling mineral rights by getting your property in front of a huge audience of buyers. This allows buyers to compete against one another which ensures you get fair market value for selling mineral rights.
There are absolutely no cost to list your property. When you locate a buyer by listing your property with us, we are paid a commission directly by the buyers closing agent. This means you never have any out of pocket expenses ever. We only get paid if we can get you a better price than the current offer you have in hand.
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