Post lease contract land values ?
Does anyone have a rough estimate on how much per acre to add to the price of land where 25% royalties is under contract ? The property is on the Desota - Caddo line and I have a good estimate of what this property is worth per acre with no mineral rights attached . But I would like to make an offer to purchase the land with mineral rights. Is there a rough percentage one can use to value this land per acre taking in consideration its good location and that 25% royalties is under contract ? Any help would be appreciated . Thanks , Jed
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Permalink Reply by sesport on -
I posted that as a suggestion as to something one could look at as a gauge. It was posted that we look at blue book value for vehicles, we look at comps for the value of homes or surface realty. IF I were offering or being offered a price that I knew to be below that which the city, parish or state got for minerals I would be in a better position to negotiate.
If there are those who don't like the suggestion, the answer is to simply disregard it.
Thanks for your thoughts, though. - :0)
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