Curious about how to sell royalties in Ohio? You’re in the right place! We’ve been working with mineral owners for years to help them better understand how to maximize the value of their mineral rights. As you begin the process of figuring out how to sell royalties in Ohio, we can help you understand the key things to know that will help you put more cash in your pocket!
There’s no deny that the fact that the recent drop in oil prices has a lot of royalty owners taking a closer look at their property. You may be wondering how the price of oil affects mineral owners and what you should do with the price of oil lower than it was in the past. We’ve had many owners contact us to let us know that the royalty checks they receive each month are going down. It’s important to remember that as a royalty owner the ball is in your court. You can take your time and figure out exactly what’s right for you!
How to Value Oil and Gas Royalties in Ohio
It seems like we get numerous messages each week and almost everyone is curious about the value of their property. Fortunately, if you are receiving oil and gas royalties in Ohio we can help you quickly determine how much your royalties are worth. To get an estimated value, enter the average amount you receive each month in oil royalty calculator below:
You might notice that the range above seems pretty big. The range of 4 to 6 years could give you a pretty wide range of value. When you consider the price of oil royalties and you want to know the value, you need to realize that there are a number of factors that affect the value of oil royalties. Your royalties could actually be worth a lot more or less than the calculator above would suggest.
Let’s take a quick look at things that would affect the value of royalties. Here are just a few of the things that a royalty buyers will look at when they want to purchase oil royalties:
- Surrounding Production
- Lease Terms
- Number of Acres Owned
- Active Operators in the Area
- Operator who holds the lease
- Age of the well / production
- Decline curve for future production
- Oil and Gas Prices
- Future Drilling Opportunities
As you can see, there is a lot of analysis that goes into figuring out how to value to value royalties in Ohio. When you are trying to figure out how to sell royalties in Ohio for the highest price, it’s not necessary for you to fully understand all the factors. That’s good because it would be pretty complicated! To sell your royalties for the highest possible price, you only need to make sure that you sell royalties the right way.
How to Sell Royalties for Maximum Value
Now that you have a rough idea of how much your royalties could sell for, we need to look at how to maximize value. For many royalty owners, they will find a couple buyers and ask for a quote. They will then select the highest offer between the two offers and think they got a good deal. The biggest mistake you can make as a mineral owner to get a couple quotes and think you got a good deal!
The truth about selling royalties in Ohio is that you will get maximum value by getting your property in front of a huge group of buyers. When you sell ANYTHING, you don’t want to work with just a couple buyers. You want to get that piece of property in front of everyone. Why do you hire a real estate agent to sell your home? Because they will put your home on the MLS and actively work to market that property for the highest dollar value. They will also help you through the whole process to make sure you are getting a fair price and all the terms of the deal are fair.
When you sell royalties in Ohio, it’s no different. To get maximum value you will want to get your property out in front of a huge network of buyers who will compete to pay you the highest price. When you do this, it puts more cash in your pocket because the buyers are motivated to pay you the highest price. They know that if they don’t make a fair market value offer, someone else will and they will miss out.
How to Sell Royalties in Ohio
If you want to sell royalties in Ohio, we recommend you list the property on US Mineral Exchange. Just like getting a real estate agent for your home, they make the process incredibly simple. You sign up and create a listing with details about your property, and then let all the buyers come to you. It’s a lot less work and you’ll get lots of offers to purchase your royalties. The best part is that there is no cost to you when you list or sell royalties through US Mineral Exchange. The buyers that use the service pay a fee so there’s truly no cost to you.
The reason we highly recommend US Mineral Exchange is because we are contacted all the time by mineral owners. Many of them chose to list with US Mineral Exchange and have been happy with the results. This allows us to feel confident in recommending their service time and time again.