It’s a tough question. Should you sell oil and gas royalties in North Dakota? The answer really depends on your situation. Everyone has a unique situation so we can’t tell you if selling is the right choice. What we can tell you is that people make the decision to sell oil and gas royalties in North Dakota all the time. They do so for a number of reasons but most importantly because it’s the right choice for them. You may hear people give the advice, “never sell oil and gas royalties” but that’s not good advice. There are a lot of good reasons to sell.
Below are some of the most common reasons people sell oil and gas royalties in North Dakota. Should you sell oil and gas royalties in North Dakota? If you fall into one of the buckets below, you should strongly consider the option to sell.
Typical reasons people sell oil and gas royalties in North Dakota
Retirement: One of the most common reasons to sell is retirement. People hold onto royalties for decades and then hit retirement. With royalty income coming in, it prevents them from qualifying for medicaid or other government benefits. In addition, if you are in retirement you are living on a fixed income. Selling oil and gas royalties in North Dakota gives you a guaranteed amount in retirement.
Fluctuating Checks: When you get oil and gas royalties, I’m sure you have noticed the check is different every month! Some months it may be significantly different than the last. This makes it a challenge if you are relying on that money each month. A lot of oil and gas royalty owners decide to sell so they can get the full value now and spend it when it makes sense for them. Selling oil and gas royalties lets you get a guaranteed amount now rather than getting inconsistent royalties checks.
Diversification: If a significant amount of your wealth is tied up in oil and gas royalties, selling to diversify assets can make sense. When you sell you can then put that cash to work in other investments like real estate, stocks, etc..
Short term need: Are you in trouble with the IRS and need to pay down taxes? Are you facing a large medical bill? Whatever your situation is, if a large amount of cash now is needed than selling oil and gas royalties makes sense. Should you sell oil and gas royalties in North Dakota to fund a short term need? If it means avoiding penalties and paying more money the answer is yes.
Big Purchase: Some royalty owners decide to sell oil and gas royalties to fund a big purchase. It might be a kitchen remodel or the trip of a life time. Whatever big purchase you are considering it may be possible if you sell oil and gas royalties. When you sell oil and gas royalties you unlock all the future value you would receive from your royalties immediately.
How to sell oil and gas royalties in North Dakota
If you make the decision to sell oil and gas royalties in North Dakota, we recommend listing your property on US Mineral Exchange. Listing your property online with a reputable broker like US Mineral Exchange is the best way to get your property sold for the highest possible value. They will quickly get your property in front of thousands of buyers. These buyers love oil and gas royalties and they will be competing to pay you the highest price. You’ll quickly get multiple offers to sell oil and gas royalties.