I’m Selling My Oil Royalties – How Do I Get An Offer?
March 15, 2018
Selling oil royalties can be a profitable venture if you go about it the right way. Unfortunately, many who own oil royalties either do not know how to attract offers or wind up selling far below their value by accepting very low bids. If you have oil royalties for sale, it is critical that you understand how to get these royalties in front of the right buyers and generate the best offers.
Selling Royalties Yourself
If you want to sell oil royalties on your own, there are a few important details that must be done to give you the best chance at a successful sale. This can take some time; however, you will be better prepared to deal with buyers who naturally want to purchase your oil royalties for sale at the lowest bid possible.
- Valuing Royalties - Accurately estimate the value of the royalties. If you are currently receiving royalty checks, this can be estimated based on current payments. If you do not receive royalties, you must calculate an estimate that considers the size of your interest, current oil prices, the length of the contract, and many other details. When selling oil royalties, valuing them is a challenging, yet important part of the equation. When you have an accurate estimate of value, you will be able to identify a fair offer.
- Searching for Buyers to Attract Offers - After you have an estimate of what your interest is worth, you must search for buyers. With no industry connections, the best method of doing this is through an online search for companies who buy oil royalties for sale. Find as many as possible and contact them to discuss your royalties.
- Accepting Offers - When it comes to accepting offers, do not be too hasty. A common mistake owners selling oil royalties make is accepting offers that are too low simply to get money in hand and not worry about getting more. To sell at the highest price, you must be willing to keep calling buyers to negotiate for the highest offer. Unfortunately, even after doing the necessary footwork, most private sellers tend to sell for far less than they could.
Working With A Royalties Professional
The other option available when you want to sell oil royalties is to work with an industry professional. These experts can calculate the most accurate value estimate of your interests and also make sure the most interested buyers see them.
Royalties experts work with numerous reputable, honest buyers, ensuring that those who are selling get the fairest prices. They are highly skilled at presenting buying opportunities at the right times and in the right ways to attract the most and best offers. Most importantly, none of this requires that any work be done by you, the seller, as they will handle everything to conclude a successful sale.
Getting the best offers for oil royalties for sale means first knowing their value and then finding reputable and willing buyers. Anyone interested in selling oil royalties can do this on their own if they are willing to put in the effort and accept the risk of attracting lower offers. Yet you can alleviate all the concerns you may face trying to sell your oil royalties by choosing to work with experienced royalties experts. It is their job to get you the best deal as quickly and easily as possible!
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Call (432) 242-7335!Oil Royalties in the Permian Basin Texas, Oil Royalties in West Texas, Selling Oil Royalties in Texas, Selling Oil Royalties in the Permian Basin Texas
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