Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

14
Posts
13
Votes
Ryan Taylor
Pro Member
  • Rental Property Investor
  • Littleton, CO
13
Votes |
14
Posts

Seller refuses to give up the mineral rights??

Ryan Taylor
Pro Member
  • Rental Property Investor
  • Littleton, CO
Posted

Hello! So my wife and I are buy and hold investors in Shreveport, LA. We just recently put offers in on 2 different houses within the last 2 weeks. On both offers, the sellers countered saying that they would accept the purchase price, but would not give up the mineral rights. One of these houses was a single family home on 1.3 acres. There is active drilling within a mile of the house. I am unsure if the seller was already receiving any royalties, but he would not back down on maintaining the rights, so we never came to a deal. 

The second deal was a town home on very little land near the lake. The seller again agreed to our purchase price offer, but refused to give up mineral rights, so rejected us after we said it was non-negotiable. 

It was never made clear that the mineral rights were not included in the sale until after we had made our offers and were denied when we said we wanted the all rights transferred. I have read that there can be negative effects for future resale if a property and the mineral rights become disassociated. I am not concerned about the actual monetary amount of the royalties, but losing control of a property I am trying to own does not sound like the smart move...How often have you guys seen this happen? Is it common for sellers to refuse to give up mineral rights when selling a property?

Loading replies...