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Client Reviews

Howard, TX

Rated 5.0 out of 5
August 15, 2023

Recently, I inherited some mineral rights and soon began receiving offers in the mail. Being new to the whole process, I was quite unsure about the best steps forward. After conducting some research, I decided to list the rights with Texas Royalty Brokers, and it was the best decision I made! The team provided me with comprehensive knowledge about the market, ensuring I had all the data in front of me to make an informed decision. Not only were they professional and thorough, but also transparent in all our dealings. The result? The offers I got through Texas Royalty Brokers were substantially higher than any of those I received in the mail. For anyone navigating the complex world of mineral rights, I can’t recommend Texas Royalty Brokers enough. Their expertise and commitment to clients are unmatched. The outcome speaks for itself. Thank you, Texas Royalty Brokers, for making this experience smooth and profitable!

Alexis H.

Reeves, TX

Rated 5.0 out of 5
July 17, 2023

Texas Royalty Brokers truly understood the value of my minerals and worked tirelessly to secure a deal that left me pleasantly surprised. They kept me informed throughout the process, with no confusing jargon or hidden agendas. Just honest and straightforward communication.

Albert K.

Reagan, TX

Rated 5.0 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 5.0 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 5.0 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

Blog Categories

Listing Phases

Texas Star Seperator

If you want to buy mineral rights at Texas Royalty Brokers, it’s important to understand the listing phases.

Our listing phases are designed to make the process of buying mineral rights transparent and fair for mineral buyers.  We designed the process to give each buyer and equal opportunity to analyze a deal and submit a bid.

The listing phases below apply to all of our mineral rights listings.

Listing Phases Explained

Texas Star Seperator

Below is an explanation of each listing phase:

Listing Posted: Once a listing has been activated on our website, the listing posted status will show complete.  All listings start with a complete listing posted status.  When a listing is posted, it means that the mineral owner has signed an exclusive with our company and is serious about getting competitive bids to sell their mineral rights.

Listing Evaluation:  The listing evaluation phase runs anywhere from 7 to 10 days.  The purpose of the listing evaluation phase is to give all mineral buyers an equal opportunity to evaluate the ownership.  Mineral buyers frequently want to provide offers within 24 hours of listing and put a deadline on the offer so that other buyers don’t have an opportunity to bid.  We do not allow this.  During the listing evaluation period, we do not accept any offers.

Important:  If you submit a bid during the listing evaluation phase, it will not be presented until after the accepting offer phase begins.  If you submit a bid during the listing evaluation phase, and put an expiration date on the offer before the listing evaluation phase ends, your bid will never be presented to the seller.

Accepting Offers:  After the listing evaluation phase has given all mineral buyers an equal opportunity to analyze the ownership, we will open the listing up to accept offers.  How long the offer acceptance phase lasts depends on the demand.  As bids are received, we will be working with you to verify that your bid is a qualified bid.  Once all qualified bids have been received, we will present the qualified bids to the mineral owner.

Client Review:  Once we have gathered the qualified bids, we will present these bids to the mineral owner.  We’ll discuss the specifics of each bid.  Our goal during this discussion is to get a clear indication from the mineral owner that they wish to sell at or above the best offers we are seeing.   Once the mineral owner has indicated they are willing to move forward at or above the current offers, we will move to best and final phase.

Best and Final:  The purpose of the best and final round of bidding is to give an equal opportunity to all mineral buyers.  When there are multiple bids, we want to give each buyer and opportunity to sharpen their pencil and come up with their true best and final offer.  After discussions with the mineral owner, we will provide each mineral buyer who submitted a qualified bid with an indication of the bare minimum price it’s going to take to be competitive.  From there, each mineral buyer will have one opportunity to submit their best and final offer.  We will not allow you submit multiple best and final offers. We simply gather that best offer from each buyer and the highest offer / best terms will be the winning bid at the sole discretion of the mineral owner.

Under Contract:  Once the mineral owner has selected the best and final bid, we will notify the winner to begin preparing the purchase and sale agreement and to meet the obligations to make their bid qualified.   If the winning bidder does not provide a purchase and sale agreement and meet the requirements to make their bid qualified within 72 hours, we will move onto the next mineral buyers best offer.   Once the purchase and sale agreement has been fully executed, all phases will show complete indicating to mineral buyers that this listing is sale pending.

Important:  Until a purchase and sale agreement has been signed between buyer and seller, all offers are non-binding.  Neither buyer nor seller has any legal obligation to honor any offer or move forward with any sale.

If you have questions about the listing phases, please contact us using the form below before placing a bid on a listing.

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