If you have been approached with an offer to sell mineral rights in West Virginia, it’s very important that you do not immediately sell your mineral rights. There are many brokers and landman who make significant money by offering mineral owners below market prices and then selling your property for much more than they paid you. If you have received an offer to sell mineral rights in West Virginia, this post will help guide you through everything you need to know.
Value of Selling Mineral Rights in West Virginia
After you receive an offer to sell mineral rights in West Virginia, one of the first questions you probably have is whether that offer is a fair offer. If you got an offer for $1,000/acre, is that a fair price or are you mineral rights worth $3,000/acre? This can be a difficult question to answer because there is no data available that shows you how much your property is worth.
However, there is one important thing you need to know as a mineral owner. A single buyer who makes an offer on your property is almost never going to be the best offer you will get. Why? Imagine you are selling your home and only 1 buyer knows your property is available for sale. Would they pay you the highest amount? Now imagine that everyone in your city knows your property is for sale. You will have significantly more interest the more buyers that know your property is available. When buyers compete, this drives the price up and puts more money in your pocket.
As another example, what if you got an offer for $1,000 / acre. Shortly after, you put your property in an online marketplace where buyers compete to pay you the highest price. You receive the following offers:
Offer 1: $1,750
Offer 2: $2,000
Offer 3: $1,850
With 4 offers on the table, you can see that most offers came in around the $2,000 range with the highest offer being $2,000. Was your original offer of $1,000 a fair price? Obviously not since you had 3 other offers that were significantly higher.
How to Sell Mineral Rights in West Virginia
Now that you can see that a single offer to sell mineral rights in West Virginia is probably not the highest amount you could get, how do you sell your mineral rights? You want to find a way to sell your mineral rights that will get your property in front of a large number of buyers. This ensures that buyers will compete to pay you the highest possible price so that you get a fair value for your mineral rights in West Virginia.
To get your property in front of a large number of buyers, we recommend listing your property online with US Mineral Exchange. Why? Because US Mineral Exchange will get your property in front of thousands of oil and gas buyers from all over the country. These buyers are professional oil and gas investors who know the market and can pay a fair price for your property.
In addition, if you’ve received an offer to sell mineral rights in West Virginia, US Mineral Exchange can help you evaluate that offer and determine if it’s in your best interests to accept. We highly recommend their services because US Mineral Exchange helps mineral owners get the help they need when they get an offer to sell mineral rights in West Virginia.
Important information about Selling Mineral Rights
If you are going to sell mineral rights in West Virginia, it’s important that you carefully consider all your options. We speak with many mineral owners who made a quick decision to sell their mineral rights and later realized they left money on the table. Working with professionals with experience in oil and gas can help ensure that you are receiving the fair value for selling mineral rights in West Virginia. If you have additional questions about selling your mineral rights in West Virginia, fill out the form below and let us know how we can help:
Free Consultation
If you own mineral rights and have questions, fill out the free consultation form below. We can help you with the following questions:
- Mineral Rights Value
- Evaluate whether you have a fair offer to sell mineral rights
- Answer questions about selling mineral rights
- Understanding Market Value of Mineral Rights
- + Any other questions related to mineral rights!
No matter what question you have regarding your mineral rights, we can help! We usually respond to your inquiry within 1 to 2 hours!
Whether you want to sell mineral rights, determine mineral rights value, or simply have some basic questions regarding your mineral rights ownership, fill out the form and we will quickly be in touch.
