Figuring out who buys mineral rights in North Dakota isn’t hard. A google search will reveal hundreds of websites offering to buy mineral rights. Who are these people though? How do you know who to talk to? How do I locate the best mineral rights buyer in North Dakota? We are going to explain who buys mineral rights in North Dakota and show you how to find the best buyer.
If you are looking for a list of who buyers mineral rights in North Dakota, you can end the search! There is no list of who buys mineral rights in North Dakota. If you want to get your property out in front of a lot of buyers we recommend you list it at US Mineral Exchange. Thousands of qualified buyers will see your property is on the market. This is the best way to find out who buys mineral rights in North Dakota.
Types of Mineral Rights Buyers in North Dakota
We buy minerals websites: There are a lot of websites out there who offer to buy mineral rights. Most of them are just a website page with a place to submit your information. They will then get back to you with an offer. The problem with websites like these is that you never know who you are dealing with. Most of these websites are one of three types of buyers:
Low Ball Offers: A lot of buyers who set up a website know that you have limited time. They also know you don’t know how much your mineral rights are worth. They take advantage of you by making low ball offers knowing that you want to get it over with and don’t know the value. They put a lot of pressure on you and get you to sell mineral rights in North Dakota below market value.
Flippers: These websites will blatantly tell you they are buyers. They are not. They will pretend to be buyers and even make you an offer! Once they get you to agree to an offer they will even have you sign and agreement. Once they have you locked into a price, they turn around and find a real buyer for the property at a much higher price. These people end up making a ton of money that should have gone to you.
Legit Buyers: You will occasionally come across a legitimate buyer offering a price that’s in the ball park of fair. We estimate less than 3% of websites fall into this category. If you manage to find one of these buyers, the issue is that you still don’t know if it’s a fair price. Often there are better offers out there even if the offer made is relatively fair. Typically there are a few buyers who will pay above and beyond market value because they like a specific area. Your goal is to find those buyers and finding them on a random website is highly unlikely.
Hedge Funds/Private Equity: Some of the buyers with the deepest pockets are backed by hedge funds and private equity. These buyers are great because they are looking for long term investments. They don’t mind owning a property that may take a long period of time to pay off. If you are looking for who buys mineral rights in North Dakota and hope to find a buyer like this you almost never will. They rely on professional brokers to bring them properties for purchase.
Individual wealthy buyers: People who worked in Oil and Gas as their career and are now wealthy tend to purchase mineral rights as an investment. They know the market and the best areas and they typically have deep pockets for a purchase. These buyers are also difficult to locate as many rely on word of mouth deals or professional brokers to help them find properties.
Professional Brokers: The best way to find who buys mineral rights in North Dakota is a professional broker. A professional broker can quickly get your property in front of thousands of buyers. These buyers will compete against one another and drive up the price ensuring you don’t get stuck with a low ball offer. They will also help you avoid shady buyers and flippers by only working with qualified buyers. Hedge funds, private equity backed buyers, and wealthy individuals rely on professional brokers to source deals for them. Our recommended professional broker is US Mineral Exchange.
