Figuring out where to sell mineral rights in North Dakota can be tough. Once mineral owners decide they want to sell, they often have no idea what to do next. We are going to walk you through everything you need to know. If you want to figure out where to sell mineral rights in North Dakota this free guide will help!
Two ways to sell mineral rights in North Dakota
When you want to know where to sell mineral rights in North Dakota, you have two main options. The first option is to do it yourself. The second option is to work with a professional. Here are the differences between selling on your own and working with a professional.
Selling mineral rights on your own
Finding mineral rights buyers in North Dakota is easy. If you do a google search for selling mineral rights or mineral rights buyers, you’ll see there are thousands of options available. Figuring out where to sell mineral rights in North Dakota seems easy! There’s just one problem. How do you find the right buyer for your property? Every mineral rights buyer in North Dakota is different. If you sell mineral rights on your own you are going to run into some challenges.
One of the biggest challenges to selling mineral rights on your own is getting a good price. Buyers are motivated to pay you the lowest price. Buyers also know that most mineral owners aren’t sure what their property is worth. They use this information to take advantage of you by making low ball offers. They will make a below market offer and put pressure on you to quickly accept it. This frequently works and mineral owners end up selling for less than they should have. In addition to low ball offers, you also have to be very careful about flippers. A flipper is a “buyer” who isn’t really a buyer. They get you to agree to sell your property for $1,000 and then take your property to a real buyer who will buy it for $2,000. They make $1,000/acre when that money should have gone in your pocket.
As you can see, finding mineral rights buyers in North Dakota is easy. The challenge is locating the right buyer who can afford to pay you the highest amount for your property.
Working with a professional
When people want to know where to sell mineral rights in North Dakota, we always recommend US Mineral Exchange. When you work with a professional you can avoid a lot of headaches and sell your property for more money. There’s really no question that working with a professional broker is your best option. When you list your property at US Mineral Exchange, it’s the same as putting your home on the MLS. It alerts thousands of buyers all over the United State that your property is for sale. These buyers then come compete against one another to pay you the best price. This helps you avoid getting low ball offers. In addition, US Mineral Exchange only works with true end buyers so you aren’t working with people who are trying to take advantage of you by flipping your property.
We have seen a lot of mineral owners try and do it on their own. They usually walk away frustrated and end up with less cash in their pocket. After contacting just a few buyers, they just take the highest offer they have and call it a day. Don’t let that be you! You can avoid the hassle of doing it on your own and sell for more money by listing your property with US Mineral Exchange. We have talked with a lot of mineral owners who have had great results by listing their property online.