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Planning To Sell Oil And Gas Royalties? Here Are 4 Considerations When Identifying A Good Buyer

Many owners of mineral rights, who are eager to sell their ownership, are often confused about the process of selling. Many times owners are not aware which companies they need to approach for a sale, which companies are trustworthy and how to come to a fair agreement. If they are in a hurry to sell, they may make mistakes and regret their decision at a later date. Significant value can be left on the table if you rush into a deal with a fly-by-night company.

To assist mineral rights owners in choosing a reliable buyer and to help them receive the best deal, we have noted below various aspects to consider when choosing a good buyer.

1. Personal interaction
In days past, channels of communication lacked helping buyers purchase at lower prices. With the advent of the Internet, the increased accessibility and the ease of managing business transactions online has removed many of the barriers between people wanting to transact together. The same applies to selling oil and gas royalties. Establishing a direct contact from day one saves you time and in many cases, money. Companies, with the help of escrow agents, provide you with quick and simple processes that settle your transactions as early as possible and in a safe and effective manner for both parties.

2. Fast evaluation of your assets
Good companies usually have access to experts to guide you through the entire process leaving you with peace of mind. They evaluate your property accurately and in a timely and professional manner offering you the best possible valuation. In many cases, this saves you time and money.

3. Quick, fair and honest offer
A reputable company offers quick, fair and reliable deals. They adopt easy procedures to liquidate your assets as soon as possible. After the evaluation process, they send you an offer price which includes all fees, documentation and legal paperwork. If you are still uncertain whether to accept the offer, request to talk to the company’s previous clients. Ask them how it was dealing with the company.

4. No hidden costs and obligations
Dealing with middlemen increases the possibility of delays and problems in transactions. Since they don’t have the cash on hand or the ability to directly purchase the property, they are subject to external factors that can delay your sale and receipt of funds. Deal with a company that has a “no obligation” and “low or no costs” to conduct transactions. Make sure you understand the procedures of selling and are comfortable with the process.

Reliable and reputable buyers generally offer honest and competitive bids and valuations. In many cases, they can beat any other offers from other firms. It’s good if the company handles all the paperwork and county filing without any charges. Make sure their offer is transparent and has no chance of hidden costs or pitfalls. A good buyer never forces his client to accept his deal. It should always be your choice either to accept or reject the offer; thus no obligation on your part.

Make sure you are dealing with a company that is happy to give references, easy to understand settlement procedures and they offer straightforward paperwork before you commit to selling your property.
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  Published Date - March 9 2012
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  Mr. Nate Rodnay
If you are seriously planning to sell mineral rights or oil and gas leases, contact and get a full evaluation of your options and value. It’s no cost and no obligation and can be done very quickly in many cases.
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