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Land Tender Sales

Sellers favour land tender sales as they can increase competition and potentially lead to higher sale prices. For buyers, participating in a tender requires careful consideration and strategic bidding to win the desired property.

Why tender sale?

Farm Credit Canada (FCC) reports the average value of cultivated farmland in Southern Alberta was $5000/acre in 2023 and 2024, with the average value of cultivated Canadian farmland increasing by 9.3% in 2024.

The overall trend reflects the ongoing demand for quality farmland, influenced by various economic and environmental factors. North & Company LLP land tender sales can help to maximize the sale of farmland through competitive sealed bids. With the largest staff of lawyers and assistants working in offices across Southern Alberta, and with the communities we serve as our home, our team has a distinct advantage. 

Current Tender Sales
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Collaborating with the seller to determine the land’s value is essential to a successful sale. The land’s location, soil quality, and existing infrastructure, such as irrigation systems and buildings, will help determine a value that the seller hopes to achieve. Market trends, crop yields, and historical price data play a role in determining value.

North & Company LLP Law Offices will have a dedicated page for your land sale on our website. The page will include the legal description, location, photos, drone video, and bidding instructions. Furthermore, the tender sale will be promoted through online, print, and radio ads, directing potential buyers to the website. 

Buyers prepare and submit sealed bids by a specified deadline. The bids must meet the requirements outlined in the tender documents, such as a deposit. Bids can be dropped off at any of our locations in Southern Alberta.

After the bidding deadline has passed, North & Company LLP will review the submitted bids with the seller. Sellers may consider not only the price but also factors such as the buyer’s intended use for the land, financial capability, and development plans.

Once the seller selects the winning bid based on their evaluation criteria, the chosen buyer is notified by North & Company, and the sale is finalized.

North & Company will complete the required legal paperwork to transfer ownership and document obligations, such as land improvements or development, within a specified timeframe.