i am finding that Offers to lease or sell my land are occurring at least twice a week. In addition, because I’m one of those old fashioned people who has a land line that is listed in the phone book and on line, I also get voice mails begging me to call because their offers are going to be just “too good to pass up!”
i know that I’m not the only one...is it unreasonable for those of us in the same position to compare size of properties, lease time , bonuses and royalties on this site? I know from experience that negotiations are normal. My sister, niece, and I were all approached before we agreed to a lease a year ago. We each owned 1/3 of a 4 acre piece. I couldn’t understand that I was offered $2000, but my sister was offered $8000! To make it worse, I was the one who provided the certificate of heirship, names and addresses of all cousins who also owned property in the same unit, genealogy records, and paid for the overnight charges to accommodate the landman. My niece and I, because we didn’t negotiate, were going to be paid far less. I finally refused to comply any further unless we were all paid identical bonuses. THis is just one example of trying to be reasonable when, as I truly look back on previous leases, I was probably being laughed at for being so naive. We were paid a total of $24,000 for the four acre lease.
im thinking that if more of us were a little open about offers and terms, we would all learn what is being offered in Reeves County. We don’t need to be greedy, but somewhere there is a reasonable rate of return on land that, for many of us, has been in our families for many years.