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Permalink Reply by Elnathan Cory on April 8, 2015 at 2:47pm

Might be a detriment!

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Permalink Reply by Mark Duncan on April 9, 2015 at 12:11pm

As far as the county is concerned your appraised value wont change currently. I was told whether you own your mineral rights or not your value wont change. However, i was told they were"exploring options" for rights with great value. It would appear that everyone has their hand out during these times!

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Permalink Reply by 0ym9x5ag7ury2 on April 9, 2015 at 1:10pm

Donald,

     You are in a great position to be in.

Your minerals could be worth more than your home.

Consider selling your home but keep the minerals. If you let the minerals go with the home have the mineral rights value appraised so you can get top dollar for your minerals as well as your home.

I believe the best way to sell anything is to first know what it's worth. You'll surely find out what it's worth after you sell and end up kicking your own butt for being uninformed, sellers remorse is guaranteed.

There are enough people buying minerals that you can get a few estimates of what the minerals are worth then keep them. The taxes on minerals are low and if you have an ALOV or SURE lease, CHK will pay for any new tax increases due to oil or gas under the property per the lease. At least they are supposed to, but they have ethics issues due to the love of money.

I bought a log home with 2 acres and paid extra for the lease that was on the property. I felt the additional price to the seller was fair.

Good luck with your sale, and with any luck Chesapeake will leave the area and royalties will actually be paid at 20% Gross per your contract.

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