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| Selling Mineral Rights |
The energy
requirements have never seen a downfall and have always been rocketing towards
sky. With the advent of technology, new gadgets and gizmos, space explorations,
defense requirements and others, the need for oil and gas and other energy minerals
have witnessed the peak point in recent times. Therefore, the requirement to
explore and drill lands in quest for these minerals has increased consequently.
And the
opportunities to earn cash and generate money from lands without having to move
and work have emerged for landowners. Now that landowners have the right to
earn money from the minerals that may or may not lie beneath their surface
land, they can extend this right to royalty
buyers and earn money. However, before signing the contract with any
company, there are four common mistakes that landowners do when they are up to sell oil royalty. If you are selling
oil royalties or mineral rights, this article will serve to be of great importance
to avoid these mistakes. Following are the five common blunders to avoid at all
costs.
1.
Don’t sign
your very first offer
As soon you
start inquiring about the bid price, you are likely to receive offers in as
short as two days. However, you should refrain from signing your first offer
then and there. Instead, watch out for the offering and value you are receiving
for it. Contact more royalty buyers
and evaluate each bid carefully.
2.
Don’t act
to be spendthrift without having to earn a dime
This is
what most people would do upon having to sign an agreement. As a landowner, you
must know that your will earn most of your income through mineral leasing if
and only there is an abundance of mineral beneath your land. There are many dry
holes and wells that bring no fruit out of the agreement.
3.
Talk to the
royalty buying firms in full
Whether it
is the issue of use of unrestricted water or the mineral rights issue, you must
know about all that are your concerns. Don’t settle for a low bid just because
you are in haste. This process takes guts of patience and persistence in order
to receive a fruitful offer. Therefore, firmly state all the issues and rights
that you are extending and ones that you are not.
4.
Read the agreement
paper with eagle’s eyes
Once you
have decided to lease your mineral rights and have received the agreement at
your desk, don’t just rush to sign it. Even if you have negotiated the offer or
accepted their offer with a handshake, all that starts is with your sign upon
the agreement. So, once you receive the agreement read it carefully and make
sure there are no liabilities upon you, ambiguous statements and
misrepresentation of figures.
To pull if
all together, getting the right offer with a trustworthy royalty buyer may be a
hard nut to crack but it is not impossible with www.uniroyalties.com. Call
1-888-916-0220 for free quotation
