Self Storage Auctions - A Buyers and Sellers Paradise
Self storage auctions are one of my favorite kinds of auctions. Diamonds, coins, guns or knifes you might find. It's kind of like Christmas. Some things are all wrapped up and can't be seen until they are in your possession. It’s a buyers or sellers paradise! Self storage auctions do not give the bidder much time to preview the unit. This is due to several reasons. First, the units are usually packed at least half way up to the ceiling and it would be dangerous for lots of people to enter at once. The second is the possibility of theft or damage to the contents. Sometimes the facility has more than one self storage unit to auction off so the auctioneer will walk from unit to unit auctioning them off. Most storage places auction off contents every three months so usually there is more than one. I’ve seen as many as six at one facility. As the auctioneer approaches the unit, the manager of the facility will unlock the unit and slide the door up. This is the only few minutes you have to look inside and see how many things that are of interest to you. Remember, you can’t actually step inside so try to position yourself in a good place to see most of the contents. Most people that go to self storage auctions are there because….
Once the bidding starts don’t let auction fever make you bid too high. Look at the large items you see. If there is a TV, a dining table, chest of drawers and lots of boxes, you probably have a unit worth upwards to $200.00. Don’t pay too much until you have done this a few times in case you have misjudged the contents. I once went to a self storage auction and one of the units being auctioned off was practically empty. There was a pretty run down dining table with the legs laying in the corner and two boxes of unknown contents. Nobody wanted it so I bid $7.00. I had the high bid for the unit. I was thinking I probably just wasted $7.00. My teenage son and his girlfriend were helping me that day and they found $33.00 in change just thrown around in the bottom of the box. I had already made a profit over the $7.00 and hadn’t even left the place.I ended up selling the old table for $20.00 at my friends garage sale and about $30.00 on toys and items in the boxes. So even though it wasn’t a lot I still made about $76.00 profit on that nothing unit. So you can imagine what you can do with full Self storage units! Most units have lots of items in them, even motorcycles! The most I ever saw a unit go for was $400.00 but they come in all sizes and prices, so don’t let that scare you away. All high bidders must pay in full at the auction. You need to either take the amount of cash you are willing to bid up to or call the manager and see if they take credit cards or checks. Most auctions want cash or cashiers checks. The other way is by written bid. The auctioneer lets everyone peer into the unit for a while, then they hand out paper and pen and ask everyone to write their name and bid on it. Bidder numbers are not always handed out at these types of auctions but check with management when you show up. Merchandise pickup is usually the day of the auction. Management will let you know ahead of time if you call them. Regular storage building auction goers know to pull along a trailer or u-haul behind their vehicle. Even if you are not really in the market for furniture you might end up with some. For auctions basics to give you a head start see the link below. To get started in this lucrative field, watch for self storage auction listings in your local newspaper, then once you have your merchandise be sure and check back here to see how to sell them at flea markets, garage sales, or online. Check out the learning links below to be sure you have all the information you need. Special News!Before you study the links below I'd like to tell you about Matt Kilsdonk. He was only 18 years old when he first started going to storage unit auctions. So no matter what age you are you can make a profitable business in this field. So before you get started you might want to know... 1. What kind of money you can make. 2. How easy is it to sell what you've won. 3. How to find good deals and much more. Read about Matt and his secrets by clicking the link below. It will amaze you!
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