Just like you can buy a car, house, or something else during an auction, land is also part of an asset that you can acquire through auction. The main advantage of buying land or property through an auction is that you will get it at a far lower price than the market value, although it won’t be that low because laws governing auctions in Kenya require that the price should not be below 75% of the actual value. Some people are usually hesitant to buy property in an auction due to the many risks involved, but the truth is that if you follow due process, there’s nothing to worry about. Buying a property/land through the auction will require you to go through the following 8 main steps; 1 . Looking for the land/property up for auction Land or property set for auctioning is usually advised in newspapers and other public places. You can also get to know which land is up for an auction through real estate websites, real estate agents, local ba...