People who possess pieces of land that are rich in oil, gas and other minerals that are in high demand can choose to make good money by selling the property or the mineral rights. Of course, many would choose to hang onto such land, but you might find it profitable for you to sell mineral rights or oil royalties to offset a pressing financial issue. There are professionals out there who can help you with evaluation of the value of the gas and oil royalties or mineral rights.
Some of the benefits you stand to enjoy once you sell the right and royalties, including less worries on market fluctuations, quick money and less uncertainty. It is indeed a very profitable venture considering that gas and oil are always booming and their value will always be high. To ensure that you in the end get the very best prices for the mineral rights, there are a few things that you should remember.
1. Hasty sales can make you lose out
On discovering what their land holds, most people make hasty decision to sell their land mineral rights. Such quick decisions could easily lead to making the wrong decision. It is therefore of importance that you consider how urgently you really need the money you are after. In case it is not as urgent, it is important that you take your time before selling so you can weigh the different options available for you. Compare a few buyers if need be. It is a better way to make good returns from the sale.
2. There are different kinds of sales
When looking to sell your mineral rights, you have the option of collecting a onetime lump sum for the value or you can choose to be getting royalties. Of course the royalties come in small amount, but over a given period of time, whereas in the lump sum option you only get one transaction for what the property is worth; you will not get any additional money for your rights after that. Whereas some landowners would rather have the constant royalty payouts, some would rather get the whole amount probably to invest in something different. Consider what options best serves your financial needs before selling.
3. Appraisal is most important
There is nothing worse than rushing to sell the rights without first taking time to find out what their true value is. When you know nothing about the value, it becomes easy for buyers to take advantage of you. When you have decided to sell therefore, have the land and the mineral rights evaluated or appraised. In some cases you may be required to foot the costs of appraising the land but in some cases the buyer will be more than willing to do the appraisal at their expense. Whatever happens, you must ensure you have it appraised before striking a deal with your buyer. It is the only way you will get the right price for the real value of the land.
The ideologies of the buyers in the real estate industry have been drastically changed over the years. All they need is eco-friendly or environmental properties with required facilities. Some of the environment friendly features are:
Use of renewable energy sources
The current trend in the market is demand for eco-friendly properties. Use of solar energy in water heating appliances, air conditioners and inverters can attract many buyers. This kind of energy sources can reduce their E-bills.
Rainwater harvesting is effective way of storing rainwater for domestic usage. By using this method in our home, a large scale of water scarcity can be reduced.
Use of wooden furniture’s
Consumers are considering organic materials like wood and bamboo to be used in interior furniture. Plywood made from wood chips and window treatment, which include bamboo shades are some of the organic designs evolving in the green properties. Wooden furniture can add warmth, richness, comfort and finesse to the household area.
It is one of the important factors for the green real estate property. Properties, which have native plants and trees growing in and around the surroundings, have much demand among the consumers. A property, which has artificial grass lawns, requires lot of water to be supplied whereas native plants and trees require only seasonal rainfall to grow. Plenty of water can be saved by having natural growing trees and plants.
Eco-friendly interior insulations
Interior insulation in home is necessary as it affects the room temperature. Use of eco-friendly insulations with wooden chips, cotton, small broken pieces of stones and rocks, newspapers, cellulose insulation can reduce the noise and green house gas emission. Natural insulations have a low embodied energy and are fully disposable/recyclable at the end of their life.
Due to the increased demand in green real estate, many firms have started to promote their properties as eco-friendly homes. Buyers are showing more interest in having energy efficient products and systems in properties. Many financial institutions and private sector firms are investing huge money in green real estate predicting its demand in the future. According to government policies, investors who are investing in this sector pay fewer taxes compared to commercial sector investing. Green building construction has become increasingly popular and construction of such buildings has been a great challenge in long run. A green building is setting up new avenues in sector and increases the talent among the architects, environmentalists and suppliers.
Not so long ago selling a house was possible only through a real estate agent. This was mainly because there was no way for sellers and buyers to connect directly. And, the real estate agents would charge an exorbitant sum for providing their services in form of commission. But thanks to the internet, there are new ways of communication that have powered property sellers for selling a house privately.
What does selling a house on the internet imply?
These days we look towards the internet for all our needs. In the real estate sector, buyers no longer rely only on real estate agents to find a home for them. They search online for homes. The internet provides them the convenience of searching homes from the comfort of their home. They can also filter the listings according to their preferences such as the location, number of rooms, budget, etc. This helps them shortlist properties easily. They only need to visit properties that they have shortlisted. Therefore the entire process of finding a home saves their efforts, time and money.
If you are a seller and know that buyers are looking online to buy a property, then it definitely makes sense to channelize your efforts towards listing it on property portals. You can easily eliminate the agent from the process and sell it online.
While selling a house privately it is important to understand the role of a real estate agent. An agent essentially markets your property; arranges viewings of your property with potential buyers; negotiates the price and closes the deal.
The internet offers you a great platform to market your house.
All that you need to do to sell your property privately is:
• Price your house accurately. You can seek the services of a professional property appraiser for accurate pricing.
• Identify the property listing websites where you will list your house.
• List it on the site by uploading a description of your property.
• To give the potential buyers a clear idea of your house, upload attractive photographs.
• Uploading a virtual tour of the house is also beneficial.
• Once the potential buyers view the property online, they will directly connect with you.
• You can arrange the viewing of the house.
• Once a buyer is finalized, negotiate the price of the property.
• You can sell it without an agent easily.
Therefore, selling a house privately is not as complicated as it seems. It just requires some dedicated efforts. And, you will realize that a little bit of legwork does not hurt especially if there is so much to gain.
What does it really mean to invest in yourself? I mean yeah stocks, bonds, mutual funds, etc. But what is your plan once you reach the point you’re dreaming of? Of course everyone should constantly be saving for retirement, but isn’t there another goal besides that? Starting a low cost business may sound very complicated, but it’s actually much more simple than you think. Have you ever thought about owning property? I am not talking about launching the next big real estate venture, but would it be that difficult to own some small properties? Lets think about it for a second. If you were to buy a house for $200,000 and rent it out for $2,000 a month, that would only take a little over eight years to break even, and then you would be making an additional $24,000 a year after that.
OK well even if you have the money to make that investment, you may be thinking to yourself… “how much work is it going to be?”. To be honest, one family is not to much to take care of as a landlord. You may have to stop by once a month or so for routine maintenance, and if you are someone who is somewhat handy, then this should be no problem for you! Otherwise you could easily hire a part time worker to help with handy work. This may dip into your profits a little bit but will present itself as an opportunity to make side cash with basically no work involved at all.
As a professional investor, I would highly recommend investing in real estate to my listeners. It is a very easy way to generate profits in the long term, and if you continue to invest into this market you will be earning very large revenues down the road. This is a very simple yet costly investment, but it is also a very valuable investment nonetheless! It’s an easy way to make extra income, and you might surprise yourself with how much revenue comes your way! If you don’t have enough saved up to get through the startup costs of your venture then you may want to find investors. But finding investors with small companies like this can be very easy! The best time to start saving is right now! Owning property can be very lucrative and it should definitely be an investment considered by anyone.