When selling mineral rights, do you get money up front or is there a 30-day waiting period?
Signing the deed and getting paid should happen at the same time—at closing.
If there is a 30-day due diligence period, it should be between the time you sign a PSA (agreement to sell) and when you close. Thirty days seems about average. Depends on the terms of the PSA.
Nobody should pay you in full before you sign a deed. And definitely don’t give anybody a signed mineral deed without getting paid. Getting a money wire or check and handing over the deed should happen more or less simultaneously. If it’s important enough, the buyer’s agent or someone should be sitting down with you and you both pass documents across the table.
They sent me a mineral purchase order and a mineral deed to sign and return, and the check will be rendered in 30 days. There are no mineral attorneys near me but I would like to sell, but the wording does not sound good to me.
You can email them a PDF of your signed Mineral Deed and say you’ll overnight the original upon receiving payment.
PermianResearch is correct, for a remote close that it is the standard practice from what I’ve seen. Anything otherwise and I would be cautious.