Minnesota Land Auctions
$1
Xxxx 340th Street, Florence Twp
88 Acres
Land
MLS® # 6498375
Land Auction will be on April 10, 2024 at 11:00am. This tillable cropland is located in Southeastern Minnesota near Red Wing and Lake City MN. The farm is located in Sections 31 of Florence ...
LandProz Real Estate, LLC
$1
Lot 2 270th Street, Stokes Twp
80 Acres
Land
MLS® # 6483502
Come take a look at this 80 acres located between Roseau & Badger! The parcel is surrounded by tillable acreage on all sides. This is a perfect opportunity to own a piece of whitetail paradi...
Tru North Auctions
$1
Tbd 270th Avenue, Erhard
40 Acres
Land
MLS® # 6498707
AUCTION! PROPERTY PREVIEW: SATURDAY, March 30 from noon to 4pm and SUNDAY, April 7 from noon to 4pm. AUCTION DATE: April 11, 2024 @ 1pm. Auction Location: Underwood Comm Center 120 S Main...
Whitetail Properties Real Estate
$1
Xxxx Laser Avenue, Delhi Twp
135 Acres
Land
MLS® # 6491295
Land Auction will be on March 13, 2024 at 1:00pm. This property offers a unique opportunity for those interested in conservation and wildlife. The land is enrolled in a CREP contract and you...
LandProz Real Estate, LLC
$1
Xxxx Laser Avenue, Delhi Twp
150 Acres
Land
MLS® # 6491222
Land Auction will be on March 13, 2024 at 1:00pm. Introducing a fantastic opportunity for farmers and investors alike! This beautiful farm features 121.74 +/- of productive tillable, along w...
LandProz Real Estate, LLC
$1
52901 160th Street, Walnut Lake Twp
6 Acres
Farm
MLS® # 6489589
Land Auction will be on February 28, 2024 at 10:00am. This barn was built in 2007, it is a 51' x 392' farrow to finishing barn and holds 2,500 head. With a 1.2 million gallon pit with adequa...
LandProz Real Estate, LLC
$1
Xxxx 220th Street, Willow Lake Twp
82 Acres
Land
MLS® # 6489510
Land Auction will be on March 13, 2024 at 10:00am. This farm features 82.31 +/- deeded acres and is located in the E½ of the NW¼ of Section 3 in Willow Lake Township, Redwood County, MN. Thi...
LandProz Real Estate, LLC
$1
20621 County Road 11, Sleepy Eye
65 Acres
Land
MLS® # 6489418
Land Auction will bThis property right off a black top road at the intersection of Brown County 11 and County 25 just southwest of New Ulm, MN is paradise for many people with different feat...
LandProz Real Estate, LLC
$1
Xxx Hwy 12, Benson
37 Acres
Land
MLS® # 6486272
Timed Online Only Auction March 4 - March 8, 2024. 34.4 (+-) Deeded Acres divided by US Hwy 12 and Railroad. 33.58 Tillable Acres...
Hughes Real Estate and Auction
$1
62500 120th Street, Adams Twp
3
Beds
3
Baths
225 Acres
3,220 SqFt
Farm
MLS® # 6480162
Auction Date: March 7, 2024 10AM at American Legion, Adams MN - 1% Buyers Premium
Here is your chance at a great investment opportunity or to add more acres to your farm. This 227 +/- acre f...
Midwest Property Connections
$1
Section 30 Framnas Township, Morris
82 Acres
Land
MLS® # 6484544
ONLINE ONLY AUCTION ENDING APRIL 1ST, 2024 @ 11:00am. Total of 81.89 ACRES. Excellent Tillable farmland with CPI of 92.5. Any interested buyers can obtain an information packet by calling o...
Zielsdorf Auction & Real Estate
$1
Lot 1 270th Street, Stokes Twp
120 Acres
Land
MLS® # 6483547
Tillable acreage located between Roseau & Badger! Nice piece of tillable acreage, Seller had wheat in the field for the 2023. Field has been turned over and will be ready for the 2024 planti...
Tru North Auctions
$1
Tbd Se 1/4, Crookston
138 Acres
Land
MLS® # 6478435
138 acres of highly productive farmland located 1 mile SE of Crookston Mn. This farm is conveniently located right off Hwy #9, one-half mile south of US # 2. This farm will be sold on auct...
RE/MAX Bemidji
$1
Xxx 215th St., Collinwood Twp
14 Acres
Land
MLS® # 6480925
This is "Tract 2" of a 2 tract auction. This is a split of an existing parcel (tract 1 will be to the south) and a building eligibility will be called out and preserved for this tract on th...
Whitetail Properties Real
$1
Xx 215th St, Collinwood Twp
64 Acres
Land
MLS® # 6480881
This is tract 1 of a 2 tract auction. This is a tillable tract that lies south of 215th St. and totals approx. 64.4 +/- acres with 62.28 +/- FSA tillable acres. The average overall CPI rat...
Whitetail Properties Real
As of March 19, 2024 there are 21 active Minnesota Land Auctions land & farm listings for sale with an average listing price of $1. The highest-priced land listing is $1, while the lowest priced land listing can be purchased for $1. Minnesota Land Auctions land & farm listings have an average price of $0 per acre, based on land listings with an average of 98 acres.
Land Auctions in Minnesota - Explained.
Land auctions are a popular method of buying and selling real estate, where interested buyers gather in one location (or submit bids online) to bid on a piece of land. Auctions can offer many advantages over traditional real estate transactions, such as transparency, competitive pricing, and speed of sale. In this article, we will explore the basics of land auctions and what buyers and sellers can expect.
What is a land auction?
A land auction is a public sale where interested buyers compete to purchase a piece of land. The auction is typically held in a designated location, such as a conference center or public hall, and is run by an auctioneer who oversees the bidding process. The auctioneer will start the bidding at a minimum price and buyers will place bids until the highest bidder is declared the winner.
Types of land auctions
There are several types of land auctions, each with its own rules and procedures. The most common types of land auctions include:
Absolute auction: In an absolute auction, the property is sold to the highest bidder, regardless of the price. This type of auction is typically used when the seller wants to sell the property quickly and is willing to accept any offer.
Reserve auction: In a reserve auction, the seller sets a minimum price for the property, and the auction will only proceed if the bidding reaches that minimum price. This type of auction is commonly used when the seller has a specific price in mind for the property.
Minimum bid auction: In a minimum bid auction, the seller sets a minimum bid price, and the bidding will only start at that price. This type of auction is often used when the seller wants to ensure a certain level of interest in the property.
How to participate in a land auction
To participate in a land auction, interested buyers must register with a real estate agent, the auction house or auctioneer. They will then receive a bidder number, which they will use to bid on the property. Buyers should research the property and familiarize themselves with the terms and conditions of the auction before attending.
Benefits of land auctions
Land auctions offer several benefits to both buyers and sellers. For buyers, auctions provide a level of transparency and fairness, as all bids are made in public, and buyers can see who they are competing against. Additionally, auctions often result in a lower purchase price, as buyers are competing against each other to purchase the property.
For sellers, auctions offer a fast and efficient way to sell their property. Unlike traditional real estate transactions, auctions can be completed within a matter of weeks, and the seller can receive a fair market value for their property.
Conclusion
Land auctions are an effective way to buy or sell real estate, offering benefits such as transparency, competitive pricing, and speed of sale. Whether you are a buyer or seller, it is important to do your research and understand the different types of auctions and their procedures. By working with a reputable agent and auctioneer, you can ensure a fair and efficient transaction.