Are you the executor of a trust? Does the trust contain mineral rights? You’ve probably been searching for a while trying to find the best way to sell mineral rights held in a trust. If the trust is currently receiving oil and gas royalty income, you are probably looking for the best way to sell royalties for the highest possible price.
When mineral rights are held in a trust, all executors face a common problem that persists in the oil and gas industry. You need an unbiased 3rd party who can help you sell mineral rights held in a trust, while maximizing the value for the property. Since it’s your duty to sell mineral rights held in a trust for the highest possible price, you begin searching for the best place to go.
A quick google search returns hundreds (if not thousands) of websites offering to buy mineral rights. There’s just one problem, who are these people and how do you know you are working with the right ones? You need someone who isn’t looking out for their own interests who can help you sell mineral rights for a fair market price. It can seem almost impossible to locate the right place because nearly everyone you contact just wants to pay the lowest possible price!
How to sell mineral rights for the highest price
Whether you are an executor trying to sell mineral rights held in a trust, or just an individual mineral owner, you face the same challenge. How exactly do you sell mineral rights or royalties held in a trust for market value? More importantly, how do you make sure you are maximizing the value and getting every possible dollar you can when you sell?
The best way to sell mineral rights or sell royalties for the highest possible value is to allow lots of buyers to have an opportunity to bid on the property. Imagine selling a unique item, but you only talk to every person in your neighborhood and tell them about it. Only a few people would even be interested, and they likely wouldn’t be able to pay you a fair market value for it. Now imagine you take you unique item and list it on ebay. Hundreds of thousands (if not millions) of people can now view your unique item and place a bid on it. Where do you think you’ll get the best price? Obviously ebay is the better solution because it gets your unique item in front of a large audience of buyers.
When you sell mineral rights held in a trust, you are in the same situation. All mineral rights are unique, and it’s important that you get the property in front of a large audience of buyers. To do this, we recommend that you list the property at US Mineral Exchange (basically the MLS of mineral rights) where thousands of buyers across the United States can bid on the property. This will ensure that you get the highest possible price for selling mineral rights held in a trust.
How long does the Selling Mineral Rights take
When you sell mineral rights held in a trust, timing may be a key consideration. If the mineral rights are currently producing (the trust is getting a check each month), the sale can usually be completed in about 30 to 60 days in total. If there are non-producing mineral rights held in a trust, it could be that it takes significant time to sell the mineral rights. Depending on the demand, it could take as little as 30 to 60 days to sell. If it’s in a lower demand area, it could take 90+ days to sell the mineral rights for the highest possible price.