Posts made in January, 2017

5 Tips For Selling Your Mineral Rights For Maximum Value

If you own property that is known to have gas, oil, or any other type of mineral under the ground, you own the mineral rights to the property. Depending on what type of minerals are accessible on your land, your property can be very valuable. As the owner of the land and the holder of the mineral rights, you can choose to sell your property if you wish. Use the following tips to sell your mineral rights for the maximum price:

Gather Necessary Documentation

Before you can sell your mineral rights, you need to have proof that you actually hold them. Make sure you gather documentation such as the deed to the land, the order division, and any pay stubs from royalties you may have received from the minerals. This documentation will prove to any serious buyer that you have the legal right to sell your mineral rights, and that minerals are actually present on your land.

Learn about Mineral Value

If yu want to receive the best price when selling your mineral rights, it is important to be an informed seller. Take time to research mineral values so you have a solid understanding of how much different minerals are worth, especially the type of minerals that are found in the ground of your property.

Consider Selling a Portion of Your Mineral Rights

Many mineral rights holders sell complete control of their rights when they are in need of cash. A lot of people do not realize that there is no obligation to sell mineral rights in their entirety. You do have the option of selling only a portion of your mineral rights, which will give you the cash you need while still holding control of part of your mineral rich land.

Avoid Accepting the First Offer

 Unless someone offers you your full asking price for your mineral rights, it is best to avoid the first offer put on the table. In most cases, the first offer from a seller is not their best offer. If you’re willing to do some negotiations, you are much more likely to sell your mineral rights for a fair price.

Ignore Unsolicited Offers

It is not uncommon for companies to search for records of mineral rights holders and then contact them through the mail offering to purchase the rights. In almost all cases, the amount they offer for the mineral rights is well below market value. 

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Want To Live Off Grid? You Need These 3 Things

Approximately 180,000 families live off of the grid in the United States. This number is expected to rise dramatically over the next several years as more people strive to live a greener lifestyle and save money. While most people can’t completely eliminate their reliance on public utility systems, many are able to significantly lower their reliability on these systems. If you’re interested in living off-grid, there are several things you need to have in place before you can cancel or downgrade your utility services. Following are three things you need to live off-grid.

Electrical Power

First, you need a clean source of electricity. While fueled generators have been used to bring power to remote locations for many years, they are actually very harmful to the environment. Clean ways to generate electricity include solar panels, wind turbines, and geo-thermal units. Though these materials appear to be difficult to find, they can all be located at an online solar panel store. The type of energy generation that’s right for you depends primarily on your geographical location. If you live where there are a lot of trees and hills, a wind turbine is probably not your best bet. Solar panels are ideal for areas that receive lots of sunshine. You may also want to set your systems up to run off of fuel in an emergency power shortage. 

Water Supply

You will also need a sustainable water supply. On most properties, this can be accomplished by drilling a well. However, not all properties have ground water available at adequate depths. If you cannot drill a well, you will have to collect water in other ways. Rain barrels are ideal for capturing some water, but you probably won’t get all you need from rain. You can pull water from a stream, but you will have to set up the necessary water filtration and treatment to do so. If all else fails, you can have water shipped in. 

Waste Disposal

You must find a way to dispose of your waste safely. Most areas require a septic tank that meets the requirements set forth by the local health department. In some areas, you can use a composting toilet. Whichever method you choose, you must make sure that your’re meeting the requirements set forth by law in your area. 

Living off-grid takes dedication and hard work. It’s not as easy as relying on public utility systems, but it is rewarding. Not only is clean energy better for the environment, it saves you money over a long period of time by eliminating your utility bill. 

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