Land Auctions

Land auctions simply involve the sale of land to the buyer with the highest bid. These open bidding land auctions encourage bidders to compete against each other, which drives up offers to the actual market value of the land. This usually results in land selling at higher prices. At land auctions, the seller alone does not set the price, but rather buyers create the market based on what they are willing to pay for it. This type of auction environment very often generates the strongest bidding response and results in higher sales.

At Herron Auctions we aren’t here just to make another sale. Our ongoing mission is to work with you to employ effective and experience based advertising and marketing strategies designed to result in high bidder turnouts and the absolute best outcome for your specific land sale. Our auction team is with you every step of the way so we that can apply our decades of expertise to maximize your gain. Our devotion to our clients and consistent sales results is what has made Herron Auctions the most trusted vendor for land auctions as well as auctions of all kinds.

There are two types of auction sales you may choose from:

Absolute Auction:

In this auction the property is sold to the highest bidder, regardless of what the final bidding price ends up being. The bidder’s excitement and participation are at their very highest in this scenerio because a sale is guaranteed.

Reserve Auction:

In this situation the highest ending bid is effectively treated as an offer, not a final sale. The seller then reserves the right to accept or reject the highest bid. This method puts more control into the hands of the seller but typically generates less of a bidding response.

Standard for these auction processes is the presence of an auctioneer who will moderate the negotiation of price between the buyers and the sellers. The auctioneer will determine when all bids are complete, at which point the agreement becomes a contract and the sale is final.