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Updated almost 7 years ago on . Most recent reply

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72
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6
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Dan Roma
  • Houston, TX
6
Votes |
72
Posts

Looking for land with mineral rights

Dan Roma
  • Houston, TX
Posted
Anyone know where I can find vacant land with mineral rights? Would the regular land sites handle this or would I need to go through an agent? Nowhere particular just trying to see what’s available and what going prices are. Anywhere in U.S.

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27
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11
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Dan Scarborough
  • Palmetto, GA
11
Votes |
27
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Dan Scarborough
  • Palmetto, GA
Replied

"Will they take care of the majority of the locating and appraisal of the property or do I still need to find the loggers, transporters, and milling companies..Is there a one-stop shop anywhere?"

Locate a reputable forestry/timber consultant. They will cruise the property, appraise the value of different grades of standing timber and give you an estimate of what the bidding will provide. They will organize an auction and present the potential bidders with the details of the stand of timber.  They will cordon off trees you do not want harvested.  They know those in the market who are buying, the equipment they have to use, and know by experience who will harvest the timber with the least harm to your land. They will conduct the auction on your behalf (you are their client, not the buyers').  They will advise you as to whether or not to take the highest bid based on their knowledge of past auctions and the harvesting results of that buyer. They will oversee/supervise the actual harvesting.  They will negotiate the closing details  ( e.g. Provide you with a net check at closing while requiring a "harvest by date"...otherwise you keep your money and reclaim your selling rights for later.  For all of this they typically charge a 10% fee based on your net check.  You don't normally get milled lumber... that happens and acrues to the benefit of whoever buys your timber. You could ask your consultant to negotiate specific finished hardwood to "finish out" the "family lodge" you intend to build with your "net proceeds check"... but most folks ask the consultant to replant your next 15-20 year timber investment... Along with the proper timber management  for the coming decades.

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