Selling royalty income is easy. Using the methods above, you can quickly locate royalty buyers who will make an offer. The hard part is finding the best price.
A lot of mineral owners sell below market value because they follow this process:
- They get a few letters in the mail
- Contact a few companies online
- Compare the offers they got and select the highest offer
It feels like they got a good deal. After all, if you got offers of $100,000, $150,000, and $250,000, the $250,000 offer must have been an amazing deal right?
The problem is that you simply can’t reach enough royalty buyers on your own to get the highest price. You absolutely must get competitive offers from numerous buyers to ensure you get the highest price.