Q. Do you need any experience to bid at the auction?

Ans. No… bidding is simple. If you are a first timer, come to the auction, explore and ask questions. Our staff will be happy to assist you in anyway we can. And after a few items have been sold you will see how easy and fun the process is and be ready to make a bid for yourself.

Q. Do I need to register to bid at the auction?

Ans. You can pre-register online or register at the auction. Registration is free of charge and everyone is welcome.

Q. What kind of properties can you buy at this gigantic land auction?

Ans. There is something for everyone. We offer a wide variety of land parcels… from small city lots to large piece of acreage. And the best part is we offer very easy financing and low minimum bids so almost anyone can afford to own property with landauction.com.

Q. Who owns the properties being sold at auction?

Ans. We own everything that we sell. We are not real estate brokers or agents.

Q. How do you acquire your properties?

Ans. We acquire properties from many different sources, including private parties, estate sales, banks, foreclosures, bankruptcies, government tax sales, etc. Basically, we look for bargains, so that hopefully you buy a bargain.

Q. Are there any liens on the property?

Ans. No. We guarantee free and clear title on all properties we sell.

Q. Should I look at the property prior to bidding?

Ans. Yes. We have not seen the properties and it is your responsibility to make sure that a particular property suits your needs. You shouldn’t buy land without looking at it first. (See conditions of sale for details)

Q. What if I don’t have time to look at the property prior to the auction?

Q. If I buy something, do I need to pay the entire purchase price on auction day?

Ans. No. We offer financing for any purchase over $1000.
a. The first $500 or your purchase needs to be cash or cashiers check.
b. The down payment is 20% of the purchase price or $1000, whichever is greater and the remainder of that can be written with a personal check. (See auction terms and conditions for details)

Q. Do I need to qualify for financing and how long does it take?

Ans. Yes, but since we do our own lending almost everyone qualifies. Loan approval takes just a few minutes and is done only if you are a winning bidder.

Q. Can I buy as many properties as I want?

Ans.Yes, but we will only finance three purchases. All other purchases must be paid for in full on auction day.

Q. Do I pay any sales tax on my purchase?

Ans.The only taxes are State/County/City required transfer or excise tax. Usually this is minimal amount.

Q. Is there any penalty for paying a loan off early?

Q. When do I get a deed to my property?

Ans. You will receive your deed about 180 days after the day of purchase.

Q. What if I buy a property and I find out that it’s not what I want?

Ans. All sales are final and there are no refunds. That’s why it's so important that you investigate before you buy. Remember, you get to choose the property and you set the price.

This FAQ page is for reference only and in the event of conflict, the Terms and Conditions of Sale shall prevail and control.