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Client Reviews

Reagan, TX

Rated 5 out of 5
May 11, 2023

Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.

Sean G.

Dimmit, TX

Rated 5 out of 5
May 10, 2023

Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.

Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.

Lisa S.

Panola, TX

Rated 5 out of 5
May 4, 2023

Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!

Christi Potts

Panola, TX

Rated 5 out of 5
May 2, 2023

Eric is First class, educational and honest. We had been offered a substantial amount for one of our mineral rights by mail. I was uncomfortable because the amount didn’t add up for me and I reached out to Texas Royalty Brokers for a second opinion. Eric took the time to explain the process, what he thought he might be able to do given the information he had at the time (which was no more than the offer letter I had been provided). I decided to give Eric a shot at the second opinion and sent in all the information required. Eric reviewed the information, did a substantial amount of research and scheduled a conference call.

Eric took the time to explain , with supporting maps and documentation, why selling was a bad idea for us. I learned more in a 30 minute conversation with Eric than I had in the three years since we inherited the royalties. Long story short, he saved us from making a several hundred thousand dollar mistake. He didn’t have to take the time educate us but he did. I highly recommend Eric and his team and will definitely use Eric if the time ever becomes right to sell.

Rick R.

Karnes, TX

Rated 5 out of 5
April 19, 2023

Eric, it was a pleasure working with you! The outcome and timing was precisely as expected and communication was every bit on point. I thank you, my family thanks you! I will keep in touch. Respectfully,

The Trial’s

Theresa T.

Blog Categories

  • Mineral Rights Closing Process
By Published On: November 15, 2021Categories: Buyers

Closing Process

Texas Star Seperator

Our closing process is designed to protect both the mineral buyer and mineral owner.

To learn more about how we close transactions please see the closing steps below.  If you have any questions or concerns about this closing process please let us know before you submit a bid.

Closing Steps

Texas Star Seperator

Once the due diligence process is completed and you are ready to move forward with closing, here are the next steps:

1. Mineral Deed:  Please provide us with a copy of the mineral deed in Word format.  We will review the deed and request adjustments if necessary.

2. Mineral Owner Signature:  We will send the final mineral deed to the mineral owner for signature.  The mineral owner will sign and notarize the deed and return the deed to Texas Royalty Brokers.  We hold the deed as a form of escrow.  This protects both the mineral buyer and mineral owner.    Once we receive the original signed and notarized deed, we will provide you with a scanned copy to verify.

3. Wire Transfers:  At closing, all payments should be made via wire transfer.  When the scanned copy of the mineral deed is provided, we will also provide you with wiring instructions for the mineral owner as well as Texas Royalty Brokers.  Payment should be made 95% to the mineral owner and 5% to Texas Royalty Brokers unless otherwise agreed.  We will hold the mineral deed until both the mineral owner and Texas Royalty Brokers have confirmed receipt of funds.

4. Overnight Mineral Deed:  Once both wire payments have been confirmed, Texas Royalty Brokers will send the mineral deed via overnight UPS or FedEx at our expense within 2 business days.   We will not send the mineral deed the same day that funds are received.  We will send the deed in the next 2 business days.  Over 99% of the time we will send the deed the next business day and we will make every effort to send the deed as quickly as possible.  However, we do not send mineral deeds out the day funds are received.  You may digitally record the deed prior to receiving the original if the county offers this service.

Once the deeds have been sent it is up to the buyer to record the mineral deed at their expense.  In addition, it also the buyers responsibility to notify the appraisal district of the ownership change for property tax purposes.

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