One of the most common mistakes we hear from mineral owners is not realizing the value of their mineral rights when they sell. If you’re considering selling mineral rights, or just curious about the value, you’re in the right place. Mineral Rights Value in Wayne County Ohio can be difficult to determine because there is not a lot of information out there about the value. People commonly talk with neighbors to speak to a local broker to help them figure out the value. Unfortunately, they are often given bad information that won’t necessarily help them sell for the highest possible price.
Estimating Mineral Rights Value in Wayne County Ohio
Even though no one can give you an exact answer, if you want an estimate for mineral rights value in Wayne County Ohio we can help!
You either own producing mineral rights or non-producing mineral rights. You can tell the difference based on whether you get a check each month. If you do get a check every month, you own producing mineral rights. If you do not get a check each month, you own non-producing mineral rights. Here is an estimate of value for each type:
Producing Mineral Rights: The easiest thing to value are producing mineral rights. The reason is simple. Most buyers are willing to pay between 4 years to 6 years of production. No need to break out a calculator and start doing the math, you can use our handy calculator below! Simply fill the average amount you receive each month to get a rough estimate of the value:
Non-Producing Mineral Rights: Unfortunately, determining mineral rights value in Wayne County Ohio for non-producing mineral rights is more difficult. As a very rough estimate, you could expect to get anywhere from $250/acre to $2,500+/acre depending on where you are within the County of Wayne Ohio. It could be higher or lower than this amount depending on location!
How to Sell Mineral Rights
If you’re considering selling mineral rights in Wayne County Ohio, we recommend you list the property with US Mineral Exchange. The reason is simple! They will help you get the property in front of a big group of savvy buyers. These buyers have deep pockets and are going to work against one another to pay the highest price for your property. When you sell a property, you want to get the highest possible price which is why we recommend listing with US Mineral Exchange. Think of it like putting your home on the MLS because it informs the market you wish to sell!
Free Consultation
If you own mineral rights and have questions, fill out the free consultation form below. We can help you with the following questions:
- Mineral Rights Value
- Evaluate whether you have a fair offer to sell mineral rights
- Answer questions about selling mineral rights
- Understanding Market Value of Mineral Rights
- + Any other questions related to mineral rights!
No matter what question you have regarding your mineral rights, we can help! We usually respond to your inquiry within 1 to 2 hours!
Whether you want to sell mineral rights, determine mineral rights value, or simply have some basic questions regarding your mineral rights ownership, fill out the form and we will quickly be in touch.
