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re: Buying property in Mississippi
Posted on 3/19/19 at 10:01 pm to Tigerpaw123
Posted on 3/19/19 at 10:01 pm to Tigerpaw123
I’m looking at a piece in Wilkinson on Friday and I’m concerned about flooding. It’s relatively close to the river but the topo’s show the property between 350’ - 380’ elevation. I hope that’s high enough. Agent says it doesn’t flood.
1
Posted on 3/19/19 at 10:44 pm to doubletap
If it ain’t flooded right now then you’re good.
I know a few agents in that area.
As already stated, my only concern with Wilkinson is infrastructure. They have no emergency services (police fire, medical). They also panicked back when the TMS oil exploration was teasing the area. The county didn’t have the money for a new water well that they thought they would need if there was an influx of people.
If you’re just looking for recreational land I wouldn’t think those issues would be too concerning
I know a few agents in that area.
As already stated, my only concern with Wilkinson is infrastructure. They have no emergency services (police fire, medical). They also panicked back when the TMS oil exploration was teasing the area. The county didn’t have the money for a new water well that they thought they would need if there was an influx of people.
If you’re just looking for recreational land I wouldn’t think those issues would be too concerning
Posted on 3/19/19 at 10:54 pm to FelicianaTigerfan
quote:
my only concern with Wilkinson is infrastructure. They have no emergency services (police fire, medical).
I have a camp in Noxubee County. I probably couldn't get a cell signal if I needed to call 911. But if I did get cell service and the ambulance/fire truck showed up within 45 minutes. I would say thanks for getting here so fast
Posted on 3/19/19 at 11:05 pm to Tigerpaw123
quote:
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
Correct. It was either 7 or 10 years when I bought my house.
Posted on 3/19/19 at 11:12 pm to doubletap
As said, property with the minerals in Ms is not easy to come by. Though I think its more likely the minerals have been separated if the area is known for producing oil. Not sure on that though.
Oh and good luck owning property if you are someone can't be there to look over it. You might get lucky and be surrounded by non-trash property owners but all it takes is one dude on disability who lives in a trailerhouse near your property to make your life hell.
Oh and good luck owning property if you are someone can't be there to look over it. You might get lucky and be surrounded by non-trash property owners but all it takes is one dude on disability who lives in a trailerhouse near your property to make your life hell.
Posted on 3/19/19 at 11:26 pm to doubletap
Just dropping in to say that mineral retention is the stupidest shite I’ve ever heard of. Should be outlawed everywhere
Posted on 3/20/19 at 12:41 am to Chuker
This is sage advice.
Mineral rights can royally f you if not handled correctly and also if said mineral rights owner somehow hits pay dirt.
Get a warranty deed and you can find out who has liens and/or partial ownership of your property. Never buy property without corners (monuments) set and without a warranty deed. Ever. Not it in Mississippi at least, or I won't- unless you want it bad.
Like Chuker said, check out your landowners. If they're poor white trash outlaw types, think before you buy.
ETA: get a warranty deed and the accompanying title search.
Mineral rights can royally f you if not handled correctly and also if said mineral rights owner somehow hits pay dirt.
Get a warranty deed and you can find out who has liens and/or partial ownership of your property. Never buy property without corners (monuments) set and without a warranty deed. Ever. Not it in Mississippi at least, or I won't- unless you want it bad.
Like Chuker said, check out your landowners. If they're poor white trash outlaw types, think before you buy.
ETA: get a warranty deed and the accompanying title search.
This post was edited on 3/20/19 at 12:42 am
Posted on 3/20/19 at 8:41 am to doubletap
quote:To figure out who owns the minerals you would need to run (at the respective courthouse) the mineral title beginning when the minerals were severed from the surface lands. Oil and gas minerals might not be a big deal, but "hard" minerals (dirt, sand, gravel, etc.) certainly would be a big deal to a land owner.
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 3/20/19 at 8:49 am to Chuker
quote:
Oh and good luck owning property if you are someone can't be there to look over it. You might get lucky and be surrounded by non-trash property owners but all it takes is one dude on disability who lives in a trailerhouse near your property to make your life hell.
Well Mississippi doesn’t have a monopoly on this. But if you want rural recreational or agricultural property you sometimes take the good with the bad depending on how much you want that tract. If you want a gated community with a HOA you need to stay in the city. This is why you build fences and plant tree lines.
Posted on 3/20/19 at 9:21 am to doubletap
Usually, in Mississippi the seller has no idea whether he owns any mineral rights or not. As others have said, minerals are kept in perpetuity if not conveyed. If the seller is willing to part with their mineral rights you need to do a mineral search to make sure of what you are buying. I also learned there is a difference between mineral rights and mineral royalties. They are sold separately. Mississippi mineral law is a nightmare.
Posted on 3/20/19 at 9:46 am to doubletap
"Owning mineral rights" is a shame. Should be illegal.
Posted on 3/20/19 at 10:21 am to AUCE05
quote:
"Owning mineral rights" is a shame. Should be illegal.
That will be controversial statement but I agree. There are some positives to being able separate minerals but there have been so so many negatives. The amount of effort that has gone into and will go into the lawyering and landman work because of mineral ownership is mind boggling. Many a man has spend his entire career just sorting that bullshite out.
My area of MS is quite heavy in oil production and back before things got rolling a few men had heard about the coming oil boom and bought up tons of minerals. Many of those minerals were bought for a pittance from poor black families who had no concept of "oil in the ground" or mineral rights. "just sign here and I'll give you 5 dollars". You could say that it's the poor families responsibility to be educated on minerals and make an informed decision, but lets be real, most of those depression era blacks (and many whites) couldn't read a lick.
Been much simpler if the minerals were never able to be separated.
Posted on 3/20/19 at 10:52 am to doubletap
Very
Posted on 3/20/19 at 10:59 am to MrJudgeSmails
quote:
Holmes county the local populace will retain 100% of your ag equipment & camp furniture if you leave it up there unsecured.
so true...our family sold it 2 yrs ago but our place in Lincoln county was broken in several times...stole my 80cc motorbike as a kid 
It seemed to be sporadic but nowdays just put you an extra deer camera or two hidden at the choke points headed to your place.
Good luck on your search....I’d like to be searching in about 10-15 yrs except I want to be in Jefferson or Lincoln
Posted on 3/20/19 at 11:24 am to doubletap
quote:
How common is it for the seller to retain 100% of the mineral rights?
There are no minerals in Mississippi. Best to stay in Louisiana.
Posted on 3/20/19 at 2:20 pm to doubletap
I purchased in Amite County two years ago and I received the mineral rights with the purchase. Best move I ever made. Love living there and out of Baton Rouge
Posted on 3/20/19 at 9:06 pm to Tiguh Thumb
We live in Amite county also. We dont have any mineral rights on any of the property we own. They are held by previous owners which are family members. Where bouts are you ?
This post was edited on 3/20/19 at 9:08 pm
Posted on 3/20/19 at 9:21 pm to pdubya76
Morgan Rd off of Hwy 569. It’s about 5 miles across the state line coming from Clinton
Posted on 3/21/19 at 8:33 am to Tiguh Thumb
Closing on my place next Friday, my purchase agreement includes the mineral rights.
Mineral Rights: Seller will transfer ANY
I guess after reading this what I did not ask is if the seller owns the mineral rights. Either way I am buying the property. But I will need to find out
Mineral Rights: Seller will transfer ANY
I guess after reading this what I did not ask is if the seller owns the mineral rights. Either way I am buying the property. But I will need to find out
Posted on 3/21/19 at 9:07 am to doubletap
The amount of ignorant nonsense in this thread is almost amazing.
To begin with with gravel, water and air are not covered by this in any way.
Secondly for the folks from LA, mineral rights do not automatically revert to landowner, only if there is no production, they can remain separated just as MS.
The only difference is non producing not returning, I hold mineral rights all over the state of LA but no surface.
To begin with with gravel, water and air are not covered by this in any way.
Secondly for the folks from LA, mineral rights do not automatically revert to landowner, only if there is no production, they can remain separated just as MS.
The only difference is non producing not returning, I hold mineral rights all over the state of LA but no surface.
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