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Client Reviews

Howard, TX

Rated 5 out of 5
September 19, 2022

16 years after inheriting Howard County mineral rights, and recently receiving increasing unsolicited purchase offers, we made the decision to sell. After thoroughly researching brokerage firms we decided to contact Texas Royalty Brokers which was a highly beneficial move. Eric could not have been easier to work with and we felt a strong fiduciary relationship throughout the entire process. Numerous phone calls and discussions were handled in a prompt, professional manner with precise explanations and valuable information offered, all delivered in a stress free environment. We feel that Eric went above and beyond our expectations and was a significant factor in our successful sell. We highly recommend Texas Royalty Brokers and Eric Winegar and would not hesitate to work with them in any future endeavors.

Traci D.

Shelby, TX

Rated 5 out of 5
August 1, 2022

By listing our mineral interests with Texas Royalty Brokers, my husband and I received an offer more than 50% higher than the best offer we received in the mail. And, the expert guidance we received from Eric Winegar through the entire process was just as important.

Eric established value, listed the property, discussed options, vetted and coordinated paperwork, always provided thoughtful and knowledgeable guidance, clearly answered our many questions, and looked after our interests, keeping us informed every step along the way. We are so glad that we listed our property with Texas Royalty Brokers.

Linda, N.

La Salle, TX

Rated 5 out of 5
June 24, 2022

Our family was on the fence about selling mineral rights until we got a really high offer in the mail. We reached out to see if the offer was a fair one. Within just minutes the company responded and walked us through the value of the mineral rights. We decided to list the mineral rights to see if there was a better offer. Sure enough, we got a bid that was even higher. I can’t thank Eric and the team at Texas Royalty enough for helping our family with the sale of these mineral rights. We are truly thankful.

Amy R.

Harrison, TX

Rated 5 out of 5
June 18, 2022

We got an offer from [redacted] in the mail. I knew this offer was a low ball offer, but we hadn’t really thought about selling until the offer came in. My wife and I didn’t want to be greedy, but we also wanted to sell for the best price we could find. I reached out to a few other buyers and then decided to list this at Texas Royalty Brokers. It was the best decision we could have made. We ended up walking away with substantially more money.

Arnold P.W.

Ward, TX

Rated 5 out of 5
May 6, 2022

The price I received after listing at Texas Royalty Brokers was shocking. I had multiple offers to sell, but I was not sure who to trust. I decided to list and let them walk me through the process. Our family was less concerned about the price and more concerned about not being taken advantage of. We ended up selling for over $600,000 more than the offers we were receiving. On top of that, they walk us through the sales process making sure we understood everything each step of the way. These guys are the real deal and our family is very grateful we found this company.

Sam L.

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Offer Process

Before you submit an offer on a listing, please carefully read the information below.  We only accept bids from qualified buyers.

Please note that all bids submitted at non-binding until you put a property under contract with the mineral owner.

Please do not submit bids directly to the mineral owner.   All listings are exclusive and all bids should be submitted to Texas Royalty Brokers.

How to make an Offer?

To make an offer, simply review the mineral rights for sale.  At the bottom of each listing is a contact form.  You can submit your bid via the contact form.

Please verify that you are a qualified buyer when submitting a bid. To determine whether you are a qualified buyer, please see below.

Qualified Buyer

Our goal in each transaction is simple.

We want match a qualified buyer who is serious about making a purchase with a qualified seller who is serious about moving forward with a sale.

We DO NOT work with brokers, flippers, or option contract buyers.

When presenting an offer, we need to verify that you are a qualified buyer.  There are three ways to verify your status as a qualified buyer:

1. Qualified Buyer Agreement:  The easiest and most convenient way to become a qualified buyer on our platform is to sign our qualified buyer agreement.  When you sign this agreement, it applies to all listings on our platform for any offer you submit.  The contract only needs to be signed once and remains in effect until cancelled in writing.  The qualified buyer agreement includes a 2.5% penalty if you fail to follow through after a PSA is signed.  There is an exception allowed if title fails by more than 10% and a title report is provided to prove the title failure.  Other terms and conditions apply.

2. Deposit:  Prior to placing a property under contract you can put a $5,000 deposit down.  This deposit is payable to Texas Royalty Brokers and will be held until the transaction is completed.  This $5,000 deposit will be credited toward the commission owed, or partially refunded if the amount exceeds the commission owed.  The deposit is only refundable if title fails by more than 10% and a title report is provided to prove the title failure.

3. 14 Day Close:  If you can close on a transaction within 14 days, we do not require a qualified buyer agreement or a deposit.  Please note that your contract must clearly state a 14 day (or less) close with no extensions allowed unless at the sole direction of the seller.

Important: If your due diligence period is over 14 days, you must sign the qualified buyer agreement or make a deposit before the seller fully executes a PSA.

Purchase and Sale Agreement

The winning buyer will be required to provide their own purchase and sale agreement or letter of intent.  While this agreement varies from buyer to buyer, there are a few requirements we have:

Offer Amount and Terms:  The offer amount and terms must be clearly stated.  If you are making an offer based on a 25% royalty at a certain price per acre, this must be clearly defined.  The total amount of acres assumed to be owned must be clearly defined.  If the offer is based upon the revenue interest listed on the check stubs, this must be defined.

Adjustments:  You may adjust the purchase price at closing, but any adjustments must be clearly stated in the contract.  These adjustments must also be proportionate so they do not favor either buyer or seller. For example, if more or less acres are owned, the price may adjust accordingly up or down based on what title shows.

Due Diligence and Extensions:  The amount of time you have to complete title/due diligence must be clearly stated.  Any extensions to the due diligence period due to title issues must be mutually agreeable to the parties.  You cannot use “title issues” as a blanket reason to extend your due diligence period without proving to the mineral owner what the issue is and how it will be resolved.  If your due diligence period is more than 30 days, it is highly likely your offer will be rejected in favor of another offer with a shorter due diligence.

Commission:  The total purchase price being paid should be listed, with 95% being paid to the seller and 5% being paid to Texas Royalty Brokers.

Important:  When you provide your purchase and sale agreement, IT MUST BE SIGNED.  Mineral buyers add time to contracts by simply holding a half signed contract for days until counter signing.   You must send us your signed PSA before we will present it to the seller.

Mineral Deed

The mineral buyer is required to provide a mineral deed for closing.  Below are our requirements for the mineral deed:

Legal Description:  The legal description must match what is being sold.  You cannot send us a blanket legal description that covers an entire county or entire section.  It needs to be specific to the mineral rights being sold.

Net Mineral Acres:  If you are purchasing on the basis of net mineral acres owned, the deed should specify the number of net mineral acres being purchased.

We would prefer that buyers provide an example deed at the time they provide the PSA to avoid any last minute issues, but the deed is not required until after the due diligence period is complete and you are ready to move forward with closing.

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