Over the years, there have been a lot of mistakes made by the owners of Minerals, especially when it comes to the sale of mineral rights. Provided bellow are some of the frequent mistakes made when faced with the selling of mineral rights
• First offer: The most frequent mistake that a lot of mineral owners are making is agreeing to the first offer they get. owners of mineral think that if by any chance they don't get the first offer they will not be able to cash in. Most times this offers are followed by a day to 2 days opening to come to terms with causing and inflicting a fast response. never fall for this. Mineral Rights
• Quick sales: You can compare minerals sales with home selling. It does not happen instantaneously like when trading stocks. when your minerals are listed it will take a while before it reaches the right individuals. When you make quick sales of your mineral, you are leaving a lot of cash due to you not giving time for the market to show the worth of the mineral.
• Flippers: this is another frequent mistake when seller go ahead to sign an option agreement for firm to sell their mineral right. Usually, these option agreements have a time span of sixty to ninety day most times. This is a chance for the particular firm you signed under to get a buyer who wants to buy for high prices. For instance, they will make sure you agree to let's say $6000 per acre while they go to meet the buyer and call the cost as $9000 per acre. They will thereby bag the profit meant for you. Sell Gas Rights
• Documentation: This is very necessary because having proper documentation is the key in securing good offers. A large number of buyer will love to see a well stated document which is in relation to the mineral rights. Sell Oil Rights