Q: Am currently looking to purchase property in PA. The land is 170+ acres with 2 large homes and includes farm buildings. Have talked with my broker regarding that issue and he recently got back to me with the statement from the sellers agent that they are positive the rights convey.
A: Have gotten a copy of the deed (which states that mineral & lumber rights do NOT convey).
If it is not in writing, then it doesn't exist. You have a copy of the deed that says your sellers do not have the timber and mineral rights; the sellers say they do.
Guess which one you should believe?
There are two rules for success:
(1) Never tell everything you know.