Land Auction & Competitive Sales

WHY WE USE THE AUCTION PROCESS

When the Assembly determines that a parcel of Borough land is available for sale, in order to ensure a fair and equitable opportunity to everyone, the Mayor will first offer the land by public auction.  All property auctions must be open for a minimum of thirty days and advertised in a public place at least four times within four weeks. The Mayor will sell the land by outcry or public sealed bid auction to the highest bidder who performs all the terms of the sale.  Check back here often to see if there are any parcels up for auction. You can also nominate a parcel if you think the sale process should be initiated. See our Land Nominations page for details. 

PLEASE NOTE: The division of Natural Resources Development does not have an active auction at this time. If you are participating in the Tax Foreclosure Auction, please click HERE.

HOW DOES A NATURAL RESOURCES DEVELOPMENT SEALED BID AUCTION WORK?

All bids must be in US Dollar.

HIGHEST BID WINS! No discount offered to cash buyers.

Fill out the bid form online, print out the form and mail it in, or come to our counter, fill out the form and submit in person.

ALL BIDS MUST BE ACCOMPANIED BY 5% OF THE BID AMOUNT.

You may provide a credit card number on the second page of the bid form, or indicate you are mailing in certified funds (Cashier's Check or Money Orders will be accepted by mail). Traveler's Checks must be hand delivered. 

CERTIFIED FUNDS MUST BE RECEIVED WITHIN THE BID TERM DATES FOR THE BID TO QUALIFY.

Although you are required to submit 5% of the bid amount as indicated above, only the successful bidder will see their credit card charged or the certified check cashed. Non successful bidders will see their certified checks returned as delivered (be sure to give us a clear and correct return address). Or if indicated, we can call you and you may pick them up in person with photo ID. 

All credit card information will be destroyed.

If you are the successful bidder, you will have 7 days from receiving notification to sign a land purchase and sale agreement, at which point an additional 5% of the bid amount is required. SHOULD YOU BE THE SUCCESSFUL BIDDER AND CHOOSE NOT TO PURSUE THE PURCHASE, YOU WILL FORFEIT THE 5% AMOUNT SUBMITTED WITH YOUR BID.

We encourage you to seek buyer representation from a State of Alaska Licensee and will work with the closing agency (title company) of your choice.