Are you trying to decide whether to sell mineral rights in McKenzie County North Dakota? If so, this free guide will help. Whether you’ve received an unsolicited offer or simply want to sell, you’re in the right place. This guide will explain the value of mineral rights. In addition, we will show you how to sell mineral rights in McKenzie County North Dakota for maximum value.
How to Value Mineral Rights in McKenzie County North Dakota
Before you sell mineral rights in McKenzie County North Dakota, you may want to find out more about the value. If you have mineral rights in McKenzie there are two types you could own. Non-producing mineral rights are not currently producing and you do not receive a royalty check each month. If you have producing mineral rights you are currently receiving a royalty check each month. Depending what type of mineral rights you have, the value will be determined differently.
Non-Producing Mineral Rights Value
The value of non-producing mineral rights is difficult to determine. There are many factors that determine the value. You won’t know for sure what your non-producing mineral rights are worth until you sell. When you sell mineral rights in McKenzie County North Dakota, the bids you get will help you start seeing what the real market value of the property is.
You may get anywhere from $2,500/acre to $5,000+/acre depending on where you are located in McKenzie County North Dakota. The terms of your lease agreement (if leased) will also play a vital role in the value.
Producing Mineral Rights
If you sell mineral rights in McKenzie County North Dakota that are producing, it’s easier to determine the value. You can expect to get around 4 to 6 years times the average monthly income. To get the most accurate estimate, take the last 3 months of check stubs and find the average. Then plug this average into the first box below:
Keep in mind that when you sell mineral rights in McKenzie County North Dakota the value is affected by many different things.
Sell mineral rights in McKenzie County North Dakota for Maximum Value
If you want to sell mineral rights in McKenzie County North Dakota for maximum value, you need to get the property out in front of a lot of buyers. The more buyers that know your property is for sale the more likely you are to get top dollar. Many mineral owners make the mistake of selling mineral rights too quickly. They get an offer in the mail or get a phone call offering to purchase their mineral rights. They accept the offer without seeing what other options are out there. Unfortunately this leads to owner selling far below market value.
It’s highly unlikely the that first offer you get is the best. Buyers love to find mineral owners who don’t shop around for a better offer. This allows them to offer below market value. They get to purchase your property for less than it’s worth. They are able to do this by putting a very short time frame on the offer. This time frame is 100% made up! They will tell you that you have 48 hours or a few days to decide and then the offer is off the table. The reality is that if they are interested now they will still be interested a few weeks from now.
To sell mineral rights in McKenzie County North Dakota for maximum value, you need to slow down and take your time. Get your property in front of as many buyers as you can. The more competition the more cash you put in your pocket.
How to sell mineral rights in McKenzie County North Dakota
The key to sell mineral rights in McKenzie County North Dakota for maximum value is to list your property online. We recommend doing so at US Mineral Exchange. Listing your property online allows you to get multiple bids. Don’t sell mineral rights in McKenzie County North Dakota before you truly know the value. You may be surprised how much more your property is worth in front of the right buyers. Once you create a listing at US Mineral Exchange they will get your property in front of thousands of buyers.
As you begin the process to sell mineral rights in McKenzie County North Dakota, don’t rush. Take your time and make an informed decision.
