Cautions before selling mineral rights
Posted on Thursday, January 5th, 2017 at 2:10 pm
The world of mineral rights is highly marketable, which is one of the reasons companies work hard in the hunt of profitable mineral resources. If you are looking to sell your mineral rights, you may want to consider the following cautions listed by SF Gate:
- Future Value – Since mineral resources produce a lot of money, consider first the future of your mineral properties. There may come a time when its value exceeds normal expectation after you sell the rights, and you may not be the one reaping benefits.
- Estate Planning – Mineral rights and properties may be a great monetary source for future generations. If you sell the rights, your family will not be able to benefit from future production.
- Property Damages – Production of mineral properties often require heavy machinery and equipment. These barriers may interfere with other purposes you could have for your land, since you do not own the mineral rights anymore. When you retain mineral rights, you have sole control of your land.
If you are looking to enter the complicated world of mineral rights, please consult with our lawyers at The Mineral Auction. Call our Austin office at (512) 698-2802 to learn more about our practice.