Today’s author https://landofland.com/ will discuss land auctions. Whether you’re a seasoned investor, a first-time buyer, or simply curious about real estate, the concept of land auctions often comes up as an exciting and sometimes mysterious way to purchase property. But what exactly is a land auction? How does it differ from traditional real estate sales? And what should you know before jumping in? In this post, we’ll break down the basics of land auctions, helping you understand how they work and what makes them a unique opportunity in the real estate market. What Is Land Auction? A land auction is a public sale where parcels of land are sold to the highest bidder. Unlike the typical real estate process, where buyers and sellers negotiate a price over time, land auctions are fast-paced, competitive events where bids increase in real-time until the highest offer wins. Auctions can be held in person, online, or even as hybrid events, and they often involve different types of land, ...