If you want to participate in online storage auctions, StorageAuctions is the best place to start. It enables storage facilities to streamline their auction process and list inventory for both online and live auctions. This allows facility owners to list their units with confidence and reach a larger bidder base. The site also offers valuable tips for those interested in holding a storage auction.
Storage auctions are increasingly popular in the US, with many tv shows centered on this unique form of real estate. Storage auctions are great opportunities for both buyers and sellers, but before bidding, make sure you know what you are doing. The following tips should help you make the most of your next storage auction.
Online storage auctions allow you to see the inside of a unit before you make your bid. In person auctions involve professional auctioneers who oversee the bidding. Often, a unit won’t receive a single bid, but several bidders compete until a unit is sold to the highest bidder. Depending on the type of unit and how many bidders are interested, the price can range from a few hundred dollars to nearly $1,000.
Whether you attend a storage auction online or at a storage facility in your area, you should have an idea of what you’re looking for and what you can afford. You should also know how to bid, and you should make a list of successful methods before attending a storage auction.