How does an FNSB Sealed Bid Auction Work?

LAND AUCTION SEP 15 - OCT 14, 2019!

 

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.

 

 

Division of Land Management 

907-459-1241  land@fnsb.us

907 Terminal St., 2nd Floor

Fairbanks ALASKA

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