Should you sell mineral rights in North Dakota? It’s a common question we get. You will read a lot of misinformation surrounding this topic. Many people will tell you to “never sell” which is horrible advice. In fact, there are a lot of reasons to sell mineral rights in North Dakota. It’s a personal decision that’s entirely up to you. Should you sell mineral rights in North Dakota? We’re going to show you some of the most common reasons people decide to sell mineral rights. If one of these situations sound familiar to you, perhaps it’s time for you to sell mineral rights in North Dakota.
Reasons people sell mineral rights
Everyone decides to sell mineral rights for different reasons. There’s nothing wrong with selling mineral rights in North Dakota. If you fall into one of the situations below, selling makes sense.
Retirement- One of the most common reasons someone asks us, “Should you sell mineral rights in North Dakota” is because they are about to enter retirement. They have held onto mineral rights for years. They now want to know if they should sell so they can actually use the money in retirement. The answer is yes! It could take decades before any drilling takes place. Especially with low oil prices, you may be waiting a long time. If you are retiring selling mineral rights in North Dakota makes perfect sense. Get the value now and know exactly how much it’s worth. You can then use that money in retirement.
Timing – A lot of mineral owners get tired of waiting. Once your property is leased, there is no guarantee the property will be drilled. You could be waiting 10+ years for any royalties to start coming in. Rather than wait, why not sell mineral rights in North Dakota now? You’ll get the value today and you can start using that cash for something else.
Diversification – Sometimes a lot of your net worth is tied up in mineral rights. If you have a significant amount of money locked into mineral rights selling might make sense. You can then use that cash to buy other things like stocks, bonds, and property to diversify your portfolio. This is much safer for an individual than owning mineral rights.
Special Circumstance – Do you have medical expenses? Did you recently lose your job? Do you need medicaid but you don’t qualify because of oil and gas royalty income? Do you want to remodel your house? Whatever your personal situation is, if you could use the cash from selling mineral rights to fund your goal there is nothing wrong with that!
How to Sell Mineral Rights in North Dakota
Once you make the decision of should you sell mineral rights in North Dakota, now you need to know how. Figuring how to sell mineral rights in North Dakota is not hard. We always recommend selling mineral rights at US Mineral Exchange. It’s the most simple way to get the highest value and ensure you don’t get taken advantage of. If you want to sell mineral rights for maximum value in North Dakota, list your property at US Mineral Exchange. It will be seen by thousands of buyers. Each buyer will compete against one another to pay you the highest price. Selling mineral rights online with a reputable company like US Mineral Exchange is the best way to sell mineral rights in North Dakota.