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Buying property in Mississippi
Posted on 3/19/19 at 9:05 pm
Posted on 3/19/19 at 9:05 pm
I’m looking to buy a small piece of property in Mississippi. How common is it for the seller to retain 100% of the mineral rights?
17
Posted on 3/19/19 at 9:07 pm to doubletap
Not sure about mineral rights but if it’s in Holmes county the local populace will retain 100% of your ag equipment & camp furniture if you leave it up there unsecured.
Posted on 3/19/19 at 9:11 pm to MrJudgeSmails
I’ve heard the local police will as well.
Posted on 3/19/19 at 9:12 pm to doubletap
In Mississippi very few individuals have mineral rights, most of the mineral rights were bought by big corporations a long time ago and unlike in Louisiana, the rights are perpetual unless sold, in LA you can only hold them for so many years (I think) then they go to the landowner of record
Posted on 3/19/19 at 9:14 pm to doubletap
How much you want to spend. I know someone selling in Osyka. Roughly $500k lol!
Posted on 3/19/19 at 9:15 pm to doubletap
In Mississippi and Texas it is very common to keep the mineral rights as they can be kept in perpetuity. I have some that have been passed down for god knows how long.
Arkansas might be the same because my wife has some from old family land not owned anymore but I’m not positive.
In Louisiana you can only keep them for 10 years.
Arkansas might be the same because my wife has some from old family land not owned anymore but I’m not positive.
In Louisiana you can only keep them for 10 years.
Posted on 3/19/19 at 9:15 pm to Tigerpaw123
Every listing I look at is 100% retained. How do you know who holds the rights or is it just not that big of a deal?
Posted on 3/19/19 at 9:16 pm to doubletap
quote:
How common is it for the seller to retain 100% of the mineral rights?
In MS the mineral rights ownership dont expire after the sale. It’s rare to find a piece of property where the owner actually has the rights in MS. I own a small track in Amite co and the seller had no idea who owned them for my track.
Posted on 3/19/19 at 9:18 pm to doubletap
quote:
Every listing I look at is 100% retained. How do you know who holds the rights or is it just not that big of a deal?
You can go dig through the courthouse but if you think you are going to buy them I would say that will be an exercise in futility. If it is family pieces it might be split 50 different ways.
You need to concentrate on surface right. Be sure you have those so no one can come in and drill without compensating you for that.
Posted on 3/19/19 at 9:23 pm to Martini
quote:
You need to concentrate on surface right.
Doesn’t buying the property get you surface rights?
Posted on 3/19/19 at 9:24 pm to doubletap
Where you buying at?
Posted on 3/19/19 at 9:25 pm to doubletap
It's pretty much guaranteed. I have 260 acres in MS and the people who own the rights to the minerals are from like 3 or 4 owners ago.
Posted on 3/19/19 at 9:28 pm to Tigerpaw123
Not buying yet...just looking, Wilkinson, Amite, Adams county areas
Posted on 3/19/19 at 9:28 pm to doubletap
Very common and in MS once they are decoupled they never revert back to the landowner. Learned this when I bought my land in pearl river county in 2017.
I bought from Weyerhaeuser and made sure the timber, sand, gravel and clay were all spelled out as mine on the paperwork. Even the timber company didn’t have oil & gas rights.
I bought from Weyerhaeuser and made sure the timber, sand, gravel and clay were all spelled out as mine on the paperwork. Even the timber company didn’t have oil & gas rights.
This post was edited on 3/19/19 at 9:32 pm
Posted on 3/19/19 at 9:32 pm to doubletap
Tenfoe and I can maintain the property for you if you like
Posted on 3/19/19 at 9:36 pm to bayoudude
quote:
I bought from Weyerhaeuser and made sure the timber, sand, gravel and clay were all spelled out as mine on the paperwork.
Wouldn’t sand, gravel and clay fall under mineral rights?
Posted on 3/19/19 at 9:43 pm to doubletap
Good luck, went through that a few years ago, small pieces in Adams are rare and when they come up for sale the price is astronomical, Wilkinson is a little better but watch for the flood waters, and theives , the local LEO seems to give a pass to locals when it comes to stealing and vandalizing camps owned by LA residents , Amite county and things start to get a little better, it is just Acess becomes harder and you will travel more 2 lane and back roads to get there, and overall the further east you go in Mississippi the cheaper the land gets but the wildlife quality also declines, just have to figure out what works best for you 
Posted on 3/19/19 at 9:52 pm to doubletap
I’ve bought a few adjacent properties in Franklin county, up to 300 acres now. Almost nobody has the mineral rights to their property. I have no idea who owns mine. Btw, Franklin county is a pretty low crime, friendly area for La residents, if you’re looking. Buying a parcel that’s adjacent to the Homochitto national forest assures you don’t get surrounded by developers or other homes/camps.
Posted on 3/19/19 at 9:53 pm to Tigerpaw123
quote:
Wilkinson is a little better but watch for the flood waters, and theives , the local LEO seems to give a pass to locals when it comes to stealing and vandalizing camps / homes/ and vehicles if owned by white people who don’t contribute to the Sheriff’s “campaign fund”
Posted on 3/19/19 at 9:59 pm to Tigerpaw123
Make sure to spell out all the land rights verbatim. When someone wants the land deal to say “mineral rights”, what does that really mean. You may find a gravel pit on your land and use it to fix up some roads only to have a bill sent your way claiming the gravel was a mineral. Be very specific to say “liquid and gas hydrocarbons”. I have seen land owners try to request “mineral rights, water rights, wind rights, solar rights , river rights , etc etc etc. “ Usually when you come back with the “liquid and gas hydrocarbons rights only” they are good with that.
As others have said, if 132 family members all share mineral rights , I don’t think you need to worry about my hypothetical gravel story.
Good luck finding some nice land!
As others have said, if 132 family members all share mineral rights , I don’t think you need to worry about my hypothetical gravel story.
Good luck finding some nice land!
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