It's been a few months since the Haynesville Shale shook up the real estae market here in Northwest Louisiana. As I suspected for a little while there, buyers wanted the mineral rights and sellers didn't want to convey them, deals would fall apart over the mineral rights, and sellers were not coming off their asking prices. But I do believe that an understanding is settling over our market with the help of the many great real estate agents out there. Buyers are accepting homes without minerals and sellers are lowering their prices to attract the buyers.
I have had the priviledge of seeing buyers and sellers split the mineral rights. Which is a very fair way to go. Splitting the minerals has become an attractive tool in selling homes that were difficult to sell or ones that have a lot of competition. The future royalties from potential mineral leasing is very alluring. I like the splitting idea because both parties win. And I like it when everyone walks away happy.