Do you own Oil and Gas Royalties in Upshur County West Virginia? If so, you might be curious about the value of your royalties. You may even be considering whether to sell your royalties or hold onto them. With the recent decline in oil prices, a lot of royalty owners are considering all their options. The declining oil prices have led to reduced royalty checks, which is why many mineral owners are now deciding whether they want to get a guaranteed lump sum payment rather than inconsistent royalty income. If you want to find the value of Oil and Gas Royalties in Upshur County West Virginia, this free guide will explain everything you need to know!
How to Estimate Royalties Value
One of the questions we consistently get from readers is asking for an estimated value. Fortunately with oil royalties, you can quickly estimate the value. To do so, all you really need to know is the average amount of your royalty checks each month. If you want to get the most accurate estimate possible, we recommend finding the average of your last 3 months of check stubs. You can then enter the amount in the first box of the calculator below.
It’s important to understand that the estimate above is not always the amount you will receive. While 80% of the time your mineral rights fall into this category, you will sometimes receive less or more depending on a number of things. The value of oil and gas royalties is dependent on a number of factors, and each plays a role in determining value. As a mineral owner, your goal should be simple. If you want to sell royalties in Upshur County West Virginia, you want to make sure you get the highest possible value for selling mineral rights.
How to Maximize Value
If you are considering selling oil and gas royalties in Upshur County West Virginia, it’s important to know how to maximize value. We see royalty owners making the same mistake over and over again. They do a quick google search and find someone who claims to offer fair prices. They ask you to submit information about your property and promise a fair offer quickly.
Here’s the catch, nearly all of these websites are purchasing minerals for themselves. There’s an important question to ask yourself. Is the person who is going to buy my property motivated to pay me the highest price or lowest price? Seems obvious right? A buyer wants to pay you the lowest possible price they can for your property. Yet we see royalty owners sell far below market value all the time to these types of buyers.
So how exactly do you maximize value when selling royalties? To get the highest possible value, you should be focused on getting your property in front of a huge audience of buyers. You could visit every buyer website (there are thousands), but who are you dealing with? Is the buyer flipping your property to make a profit? Are the reputable?
Our recommendation is that you list your property at US Mineral Exchange. The reason is that listing with US Mineral Exchange is like putting your home on the MLS. Thousands of royalty buyers will have the opportunity to bid on your property! This allows buyers to compete for your property which drives up the price and ensures you get fair market value. Just as important, US Mineral Exchange does not purchase mineral rights. Their goal is to help you locate a buyer who can pay the highest possible price. This means more cash in your bank account!
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.
