He was very professional and answered any questions that I had. I had offers, but I remembered my dad's words. When you inquire at US Mineral Exchange we will not be putting any pressure on you to sell. :---Internet SearchBooklet in the mailOther. As we mentioned above we recommend using an experienced broker to ensure that when you do decide to sell your mineral rights you get the most value from your sale. If you are interested in selling your mineral rights, I highly recommend US, We tried selling our mineral rights on our own had nothing but empty promises. This allows buyers to compete against one another which ensures you get fair market value for selling mineral rights. An owner of mineral rights may sell, lease, or donate those minerals to any person or company as they see fit. The service was fast, excellent and beyond my expectations. Mineral Exchange. So, it was a good deal for both sides. Medicaid Eligibility:  While the rules vary by state, if you receive oil and gas royalty income you may not be eligible for medicaid. share. In the United States, there is a legal distinction between mineral rights and surface rights. I always felt we were as much a priority as their biggest client. Diversification:  In our opinion the #1 number one reason to sell mineral rights is diversification. I can't recommend this company enough! With mineral rights many times the value is next to impossible to determine without getting offers from mineral buyers. You get to walk away with the cash to put it to the best use in your life. For others it would make sense to hold onto the mineral rights. The typical advice to never sell mineral rights is outdated for many reason. © 2020. This is why working with a professional is so important. I was impressed with the positive reviews, and was greatly reassured after talking with Eric. Should You Sell Your Mineral Rights? Thank you again Terra & Garrett. Mineral Buyers do this in order to get you to reach out to them and once you do they feel like they can convince you of the need to sell to them and that they are willing to pay you the best price. SALEM, Ohio — There are those who say selling your mineral rights can be a good thing, depending on your situation. This range of value can fluctuate greatly with other factors taken into consideration. If you recently lost your job, need to make a down payment on a home, want to start a business, or help your child through college, selling mineral rights can make sense. Needless to say, my experience with them and the US Mineral Exchange before, during, and after the process alleviated that unsettling feeling swiftly. Both Eric Winegar and later, Garrett Phelan were patient with me and my questions. Eric W. worked with us from start to finish and was always available to us to explain the process and answer questions.The process for selling my mineral rights took a little. The rules are complicated but we have a guide to help you better understand the value for medicaid eligibility purposes. He got me a better. Thank you, thank you, thank you. They will then reach out to you with what can be referred to as a “teaser letter”. We had a super experience working with Terra on the sale of our mineral rights. than we expected. Here are 7 reasons to sell mineral rights. Here are some of the risks you are taking: 7. Whatever the reason may be for selling mineral rights in Oklahoma, Liberty Minerals, LLC is here to help throughout the process. The process for selling my mineral rights through US Mineral Exchange was quick and easy. price than initially thought I would get on the exchange. Smooth process. In my on-line search for information I found US Mineral Exchange. It is with absolutely no reservation that I recommend them to everyone - knowledgeable or not - who is looking for help selling minerals. I was the family member "appointed" to find a buyer(s). However, at US Mineral Exchange we help mineral owners sell mineral rights so we are biased. Closing transaction went smoothly and was fast. 4 comments. If you sell your mineral rights you no longer own them. 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. Eric and Garrett were both a pleasure to work with and very responsive. that is considering selling their rights would be well satisfied for their customer service, experience, and guidance. Conley Law, I used US Mineral Exchange to sell my mineral rights in Colorado. Selling mineral rights is never difficult. The most important thing we need is for you to answer the questions and provide your state and county. Eric Winegar was Professional, knowledgeable and courteous. When it came time to decide if we wanted to take the offer we received from a buyer, she didn't pressure us but gave us educated advise. For each individual the decision to sell mineral rights is a personal one. Now I have to say that the people at US Mineral Exchange were so helpful and patient with explaining what paperwork I needed to find and how to get titles straightened out, and when there was a blip they were very nice on helping me learn what was needed to be done to smooth things out. However, one disadvantage of selling is that the seller will never receive any future royalty payments from those minerals. Terra & Garrett were great. without a hitch. To say I am happy with them is an understatement. Had a wonderful selling experience! They are truly professional, and knowledgeable. We could not be happier with the service provided by US Mineral Exchange, and in particular, with Terra Costagna, and would unreservedly endorse their services. When you send us documentation or tell us about your property, that information does not go outside our company without your consent. We gave them plenty of problems to work us through and they were always more than helpful and kind. The key to getting the best price is competition. When you locate a buyer by listing your property with us, we are paid a commission directly by the buyers closing agent. US Mineral Exchange is the #1 Mineral Rights Marketplace. I found US Mineral Exchange from my google search. The two gentleman I worked with Eric and Garrett were great! I've held onto them through some very lean times when extra cash would have been handy. Working with a broker can give you peace of mind that your minerals brought as much value back to you as they possibly could. She kept us informed at every step of the process. The fact is that the various characteristics of the underground geology dictate whether or not hydrocarbonsmay exist and to what extent. To anyone who is uncertain about this process as I was, rest assured that there are great safeguards in place through the US Mineral Exchange to protect you, your mineral rights, and is completely risk, and obligation free to pursue. silly, she did it professionally and with kindness. Eugene Kiko, Realtor and auctioneer for Kiko Auctioneers, said the shale boom has created an interest in mineral rights sales, and the mineral rights market right now is paying more than the $3,000 or even $5,000 many landowners received when they … Mineral buyers tend to know so much more about value in an area than sellers. There are many factors to consider when deciding if selling your mineral rights is the right choice for you. To Tara Castagna: They found a buyer who stuck with me for a year while we went through all the probate issues. Worked with us to get a fair price for our minerals. The thinking goes that if someone wants to buy them, they must be valuable and therefore you should hold onto them. Thank you very much for helping me thru the selling process of my mineral rights. I highly recommend their service! While attorneys can help you navigate a legal document, you should never sell mineral rights through an attorney. We highly recommend US Mineral Exchange for selling mineral rights. My representative Garrett Phelan guided me throughout the whole process and kept me well informed all the way until closing. 3. Quick closing. About Community. While mineral rights are under the spotlight, it would be best to sell now because you may never get the same prices. The trailer we had our eye on, the Airstream Nest, just came out last month and we had a vacation planned at the end of this month. How do I know the offer I have in hand is fair? Because of this, it was a simple process and easy to complete. While no one has the answer, we believe it’s coming sooner than later. I was impressed by how. 1. We worked with Terra at US Mineral Exchange to begin the decisions to sell our rights. After we listed we received an offer greater. We’ll explain everything you need to know about an offer to sell mineral rights including how to maximize the value when you sell. We were getting paid $17.00 in royalties a year and paying $398. Is leaving mineral rights to your children a legacy or a headache. Time Value of Money:  When you sell mineral rights you get that money today. My sister and I recently inherited mineral rights. I immediately ended up "down the rabbit hole" of how confusing this would be. I ended up selling my rights for 163% more than the highest offer letter I received over the course of the last 10 years. Please include state and county of property. Mineral rights value is a very fluid notion. Then, decades later, along came the Haynesville Shale and my late father looked like a … Garrett Phelan was very professional, kept us informed every step of the way and made the whole process run quickly and smoothly. I would highly recommend this company for anyone looking to sell their mineral rights at the best price. They are experts at the minerals business and the process reflected such. Garrett walked us through the process to accept the offer and finalize/close the sale, which went without a hitch and quicker than we expected. The support from Terra and Garrett was most kind and helpful throughout the entire process. Ultimately, the process of completing the sale is very similar to that of any real estate, but you need to know what you are selling and how much to set as the value. This is common advice handed down from generations of mineral owners. I am so glad I hired US Mineral Exchange. Gambling/Risk:  It may not seem like it, but when you hold mineral rights you are making a big gamble. Our guide to selling mineral rights explains everything. Mineral Exchange. Average amount you receive each month:---Not receiving royalties$0-$100 per month$100-$250 per month$250-$500 per month$500-$1,000 per month$1,000+ per month, Do you have any offers? Can't thank the enough!! Our Royalty Calculator below will help give you an idea of potential value. in taxes. One of the most common ways you will get an offer to sell mineral rights is in the mail. We have had many transactions with Garret and he has always been very professional. This means you never have any out of pocket expenses ever. Short Term Financial Need:  Many mineral owners are facing a short term financial need. After a good deal of research, I found US Mineral Exchange. If you want to sell mineral rights we can help. Online. Before you accept any offer to sell mineral rights carefully read this guide. On the flip side, if you have not gotten any offers in the mail, what is the best way to determine the value of your mineral rights? The amount you get from your royalty income is driven by how much oil and gas is recovered, your royalty percentage, and oil and gas prices. My aunt and myself owned mineral shares on adjacent parcels of land in Eddy county, New Mexico. Because the commission the Company gets comes from the buyer, not the seller, people like me are assured that whatever final figures that are arrived at, are the best. I highly recommend anyone thinking or wanting to sell their mineral rights to get in contact with U.S. 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. Very kind, caring and knowledgeable of their job. Here are 7 reasons why never sell mineral rights may be bad advice for your situation: 1. 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