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Joined: May 2011
Posts: 7,512 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
Posts: 7,512 Likes: 1 |
Buying land without mineral rights is almost like buying a house where the former owners retain the right to come in whenever they want. Still people do it. Stupid or desperate people do it, and it seems logical that this isn't the target audience for a property like this. Wouldn't give a plug nickel for a property without M.R.
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Joined: Oct 2004
Posts: 4,192
Campfire Tracker
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OP
Campfire Tracker
Joined: Oct 2004
Posts: 4,192 |
Well gentlemen, and others, I did not intend to insult anyone or be insulted.
I didn't really expect to sell this here, just threw it out for y'all to look at.
Some of the responses have been humorous.
A few have been knowledgeable, thanks JG, jlb, RBB,dkhunt, and 10ring.
Very interesting.
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Joined: Jan 2009
Posts: 2,733
Campfire Regular
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Campfire Regular
Joined: Jan 2009
Posts: 2,733 |
Brazos, I did not interpret these two quotes below to be directed to you in any way...What I got from it was a "In general, read the fine print" when thinking about a purchase of any kind for that matter. My personal example was with a general contractor with whom I discussed agreed verbally that certain extras would be "Included" as part of our written contract. In this case he omitted the extras and I did not notice, the end result was $5000.00 out of pocket on my end. There is nothing in your post that suggests any type of underhandedness...just a FYI from other folks who maybe have had bad experiences by not throughly understanding what they are signing...Just my two cents and good luck with the sale. And what fine print might that be?
Patron member, NRA, Life Member SCI,
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Joined: Feb 2018
Posts: 1,885 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Feb 2018
Posts: 1,885 Likes: 1 |
Bet your glad you listed it on the Campfire. LOL
How bout this, are there snakes? No snakes here in Alaska. How bout hogs, they eat good or carry swine flu? Any trophy deer? How big is them jack rabbits? Do them illegal immigrants I hear about pass through there?
SNAKES WOULD BE A DEAL BREAKER FOR ME.
Seems like I have a lot of friends from Texas. Had a real cute blonde Texas girl friend in high school, she dumped me.
Property sounds pretty good to me. I could park my big self contained Toy Hauler there and sit out there with my little woman and a good cigar and practice my shooting and ride a wheeler.
Mineral rights are seldom available in Alaska, big oil and mining and timber buy or lease it all from the state and they piss it away. Heck, just kidding. I would miss my PFD, I am entitled to it !
Last edited by 1Akshooter; 02/24/20.
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Joined: Oct 2013
Posts: 8,490
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2013
Posts: 8,490 |
To simply avoid what some folks have explained here as being "hosed over " in real estate, as I have been also, the best recourse you have is to use the same lawyer at closing as the seller is using, by law, the lawyer can not lie or withhold anything from you, so at the closing in front of witnesses you simply ask your representative if there is any underlying circumstances that you should know about, by law he must tell you !
Writing here is Prohibited by the authorities.
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Joined: Oct 2004
Posts: 1,522
Campfire Regular
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Campfire Regular
Joined: Oct 2004
Posts: 1,522 |
I thought a lawyer could only represent one party. I heard this especially with divorce. Sadly I don't know much about the laws.
futuaris nisi irrisus ridebis
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Joined: Sep 2014
Posts: 21,823 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 21,823 Likes: 3 |
In PA, u ain't touching land with mineral rights under $8-10000/ac I could maybe hook you up with 230 acres at $9k per. But, it's right between Pa's armpit and asswhole.
Parents who say they have good kids..Usually don't!
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Joined: Oct 2000
Posts: 30,286
Campfire 'Bwana
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Campfire 'Bwana
Joined: Oct 2000
Posts: 30,286 |
Very little ground sold in Montana includes mineral rights...
“Perfection is Achieved Not When There Is Nothing More to Add, But When There Is Nothing Left to Take Away” Antoine de Saint-Exupery
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Joined: Dec 2005
Posts: 13,051 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2005
Posts: 13,051 Likes: 5 |
I just bought 88 acres. I get all the rights and it is loaded with beautiful mature cedar. Don’t plan on selling a single one.
"...aspire to live quietly, and to mind your own affairs, and to work with your hands, as we instructed you, so that you may walk properly before outsiders and be dependent on no one." - Paul to the church in Thessalonica.
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Joined: Nov 2014
Posts: 3,557
Campfire Tracker
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Campfire Tracker
Joined: Nov 2014
Posts: 3,557 |
Buying land without mineral rights is almost like buying a house where the former owners retain the right to come in whenever they want. Still people do it. Kinda. But you get paid for them doing so. Surface damages. I sure hope a pipeline company wants to put a wide pipeline easement through my ranch before long...  Or build a well location, facility sight, or even run a seismic survey.  I've seen some pretty small scale landowners written checks that would stagger you. That does take some of the sting out of it...
Last edited by Dryfly24; 02/25/20.
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