What does it mean to own mineral rights?
Numerous individuals across the United States own mineral rights and are subsequently looking to put them for sale. However, many individuals may not understand what they are selling and the immense financial opportunities selling these rights can present. Aside from a lump sum of cash, selling your mineral rights can mean financial freedom, tax savings, and less hassle involved with owning mineral rights.
Selling your Mineral Rights
When you sell your mineral rights, you are selling your right to:
- Use the surface estate or mineral estate necessary to acquire minerals on the site
- Lease mineral properties
- Receive bonuses from the lease
- Receive leasing benefits and royalties under a leasing agreement
When you sell, it is crucial to know exactly what you are handing over to the buyer. Despite this, selling over leasing often offers greater benefits to many individuals. If you are looking to sell your mineral rights or need any advice on the process, the experts at The Mineral Auction have the experience necessary to address your questions and concerns.
Contact a Mineral Auction Specialist
One of the best methods to receive the largest amount of cash possible for your mineral rights is through an auction format. Along with added convenience and speed, an auction format often raises the price of your mineral rights higher than you might have thought possible. If you would like to learn more about the auction process, contact the specialists at The Mineral Auction. Call our offices today at (512) 698-2802 to learn more.