Who Owns the Mineral Rights?
In the state of Texas, it’s possible to secure mineral rights to explore, develop, and produce minerals. Depending on the minerals and whether they’re producing or non-producing, you may be able to earn royalty revenues. When you purchase the property, you can transfer mineral rights through a deed. However, it’s important to know that mineral rights are not the same thing as surface rights. It’s possible to own the right to land, structures, and vegetation but not actually own the mineral rights.
Will the Ranch Accommodate Your Long-Term Goals?
Ranches come in all shapes and sizes and aren’t necessarily valuable just because they’re expansive or coveted in the area you’re looking for. You need a ranch that can accommodate your specific goals. Whether you want to raise livestock, hunt, farm, or horseback ride, you need a property that aligns with your vision. Make sure any ranch properties for sale can sustain the type of ranch you want to cultivate, from space to terrain.
What Kind of Crops Has the Soil Grown?
Starting up a farm on your ranch is a dream of many landowners but it is a significant undertaking. You can reduce the stress of growing crops by looking at ranch properties for sale with existing crops. Or you can ask about what types of crops have been grown in the past and what soil tests are available. The more you understand about the potential of your land, the easier it is to build out your vision.
Is the Water State-Owned?
Ranches need some type of water source, especially if you want to hunt or farm. But not all water sources are free to use. The state of Texas owns a wide variety of surface waters, including ponds. You’re probably safe to use the water the way you want.
Landowners are allowed to use public water for domestic and livestock purposes without needing to secure a permit from the Texas Commission on Environmental Quality (TCEQ). As a general rule, ponds with less than 200 acres of land are exempt from the state water permit process. Texas law also states that once your water enters a natural watercourse, it becomes property of the state. It’s unlikely you’ll need to deal with the headaches of water ownership, but it’s good to know about the potential laws if you find an expansive property.
Do You Want a Rustic or Turnkey Property?
Everyone’s dreams about what it’s really like to live on a ranch are different. You may only want to look for the most rural and private ranch properties for sale. Others want a location closer to town and amenities to make the most of small-town living. There’s no right or wrong answer, but it’s important to understand what you’re looking for first. The team at Ekdahl Nelson Real Estate can talk through your wishlist to find the best properties for you.
Why Work with Ekdahl Real Estate?
Are you ready to take the next steps towards finding the best West Texas properties for sale? The team at Ekdahl Nelson Real Estate offers a unique customer-focused experience that transcends the typical real estate transaction. Contact the Ekdahl Nelson Real Estate team to discuss your vision and how we can help you buy or sell the perfect property for you and your family.
