Mineral Rights

[Rocky V.]

Gotta love going to mailbox and receiving an unexpected check.  This is why it is so important to reserve minerals on any property you are selling.  This is also why I believe certain areas of Texas are better than others for acquiring properties.  I flipped this property back in 2011. 

[John Chapman]

@Account Closed undefined You kind of hit the nail on the head.  Most properties in our area  already have the mineral rights stripped out. Moreover, it's a custom in our area that if they are still attached, the seller reserves them.  The result is that very rarely can you buy a property in Tarrant County (which is where Arlington is) with mineral rights still attached.  That doesn't mean you shouldn't buy property without mineral rights (your pool of properties would be pretty limited), and it's so prevalent that I don't believe it impacts market value.  It's just sort of par for the course, and it definitely does not make you a "sucker" if you buy a property without mineral rights,  as someone else suggested.