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.
HOW DOES A BOROUGH 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 and email it in, print out the form and mail it in, or come to our counter, fill in the form and submit in person.
ALL BIDS MUST BE ACCOMPANIED BY 5% OF THE BID AMOUNT.
If submitting electronically, you may provide a credit card number or indicate you are mailing in a certified check. CERTIFIED CHECKS MUST BE RECEIVED BY THE CLOSING DATE 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.
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.
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.
WHERE DO I FIND BOROUGH PROPERTY THAT IS UP FOR AUCTION
If the Mayor offers a parcel by auction you will see it listed right here on this page. Bookmark it for your convenience!
HOW DO I SUBMIT MY BID
Please print, complete, sign and SUBMIT THIS FORM with 5% of the bid amount, and submit to:
MAIL IN YOUR BID to:
Land Management - ATTN: LAND SALES,
Fairbanks North Star Borough
PO Box 71267, Fairbanks AK 99707
COURIER YOUR BID to:
Land Management - ATTN: LAND SALES
907 Terminal St. Juanita Helms Administrative Center
2nd Floor-Room 212, Fairbanks Alaska
To place your bid online, please fill out the FORM and email to the secure payment email address: firstname.lastname@example.org For your information security, please do NOT email your credit card information to any other email address than the one listed here.
You will receive email confirmation that your bid has been successfully received within 24hours. Should you not receive this confirmation, please contact us at 907-459-1241