Offer to Sell Mineral Rights in the Mail
Have you received an offer to sell mineral rights in the mail and want to know if the offer is fair? Perhaps the offer is attractive to you but you are not sure if it is really market value.
You could spend countless hours, days or even months trying to determine if you have found the one buyer who will pay you the most. One thing is for certain, the buyer who sent the letter to you will not explain all the reasons why your property is worth more. This post will provide you information about what that offer could mean to you and what you should do next. When accepting an offer received in the mail, it is not about what you know, but what you do not know that can cost you.
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Garrett Phelan
CEO of US Mineral Exchange with over 26 years of experience in the oil and gas industry and nearly two decades spent helping clients navigate the complexities of the mineral rights industry.
Why you received an offer to sell mineral rights in the mail
When you first get an offer to sell mineral rights in the mail you might wonder why. The reason you got an offer is that buyers are always looking for mineral owners who want to sell. What many do is go to the court house and pull records. These records tell them who owns the minerals. They will then send out thousands of letters each month. Their goal is to find a mineral owner who wishes to sell mineral rights.
When you get this offer to sell mineral rights in the mail, it’s important to know that your property is not unique. Many mineral owners believe they have been specifically targeted. This is almost never the case. These letters are sent out to thousands of people. Buyers have not done a lot of up front research in many cases.
Instead they just want a response from you. Once you respond they will start looking into the property more and decide what they can actually pay. This is true even if the offer indicates a value and seems like they looked into your property.
What you should know about the offer
The first thing you need to know about the offer is that you should not rush. One of the most common mineral owner mistakes is quickly accepting an offer to sell mineral rights in the mail. Unfortunately you are usually leaving thousands of dollars on the table.
The key thing to know about an offer to sell mineral rights in the mail is that they hope to buy your property “off market”. What does it mean when to purchase mineral rights “off market”? Many mineral rights buyers want to purchase your property with no competition. They hope that you will quickly accept an unsolicited offer to sell mineral rights. This allow them to buy your property “off market” and they don’t have to pay you a fair price.
When you sell mineral rights like this, you never know if you got a fair price. An offer to sell mineral rights in the mail should just be the start of the process. It means there is demand for your property. Before you sell mineral rights it’s extremely important to get competing offers.
What to do about an offer to sell mineral rights in the mail
When you get an offer to sell mineral rights in the mail, it’s important to take a step back and consider your options. Many mineral owners quickly sell. This is almost always a mistake. Now that you have an offer you need to see what other offers are out there. The offer may turn out to be a great one that you should accept. However, it could turn out (and often does) that there are much better offers out there.
If you have an offer to sell mineral rights in the mail, we recommend you list mineral rights with US Mineral Exchange. This will allow you to see if the offer you got is a fair one. Once you list your property with us you’ll get competing offers. This competition among buyers is what allows you to get fair market value. Don’t sell mineral rights until you have more information about what your property is worth.
The nice thing about listing your property with us is that there is no cost to list and no obligation. In addition, it doesn’t affect the offer you already have on the table. If you find a better offer great! If not, you can close the sale with the offer to sell mineral rights in the mail with no obligation to us. It’s a risk free way to see what your other options are.
If you want to get the process started, please fill out the free consultation form at the bottom of this page.
Contact US Mineral Exchange:
If you have questions about your 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.
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Common Questions
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.
FREE GUIDE
Download our free mineral rights guide now! Learn more about your mineral rights.