How to Attend a Self-Storage Auction?

5 min read

8 Things to Know Before Attending a Self-Storage Auction

Are you planning on attending a self-storage auction? Well, if this is your first time participating or you want to know the important facts about self-storage in the USA before participating in the auction, then you have docked at the right post.

On a good day, partaking in a self-storage auction is similar to opening gifts on a Christmas morning. Whereas, on a bad day, participating in a self-storage auction is almost equal to risking your full salary.

It is difficult to verify while bidding on a wardrobe whether the former owner was a hoarder of old mattresses or a jewelry collector.
A self-storage auction is exciting, and at the same time, it is scary and risky. Sometimes, it rewards you big or totally disappoints you in the end. But it is quite interesting!

In this post, we have jotted down eight valuable pieces of information and trips for knowing before participating in a self-storage auction.

Let’s find out the 8 Things You Need to Know Before Attending a Self-Storage Auction:

Discover an auction

Self-storage facilities are honestly needed to promote auctions, so discovering an auction is quick and pretty easy. Moreover, you may search online to know about the next self-storage auction in and around your locality.

Furthermore, you may call nearby warehouses, check or review your local newspaper, or follow the flyers in your community and visit the place where the event happens.

Moreover, there are websites where you may take part in the self-storage auction either in-person or online in your comfy pajamas by sitting on your couch (P.S no pants needed). How convenient!

Anticipate competition

These self-storage auctions moved from a niche interest to something most people are curious about. Many self-storage companies in the USA reported an upsurge in taking part in such auctions.

Moreover, this indicates that you will have a challenging competition. So reach early with your group.

Don’t be foolish

Just before you start bidding, make sure you agree to all the basic rules. Moreover, if you want others to see you as a respectable person, then agree to such basic rules. Even if another bidder or your competitor is driving you crazy, just keep everything mannerly. Stay polite!

Cling to your budget

While participating in a self-storage auction, most people end up being broke after getting dominated by the excitement and spending all their money on it. Some bidders even pay their next month’s rent and participate in the auction.

Beware of such temptations! You must avoid falling into such temptations. For that, before partaking in the auction, you must sit down and confine your budget.

Moreover, you must list the areas where you spend money, including the truck rentals, taxes, deposits, cleaning fees, and money for gas, which is required to travel from and to the auction.

Bid for things you see

Well, this tip is quite hard to follow. But you must take it seriously. Generally, before the auction starts, the auctioneer will open and show what is inside the storage unit.

You must quickly peek and note whatever is inside from a distance. Moreover, they will not allow you to touch or enter but identify which thing interests you.

Empty the unit on time

Do you have a transportation plan after winning the auction? Yes, it is important to pack the storage unit and clean the place within 48 hours. So have a vehicle ready to transport your auctioned goods.

And if at all, you did not empty the unit on time, then you must pay an extra fee. Yup, you heard it right, so plan accordingly.

Return confidential things

While you are sorting the things after the auction is over, sometimes you might find personal things.

You may find birth certificates, social security cards, passports, and others. When such things happen, you must contact the warehouse and deliver it there instead of contacting the former tenant.

What to do next?

You may store, donate, sell or discard the objects you got from the best self-storage companies. Well, these are the potential outcomes. Moreover, you might find objects to sell or donate.

Find on which site you will be profited by selling them. Others you may want to store for the future. Or sometimes, you may feel that it is worthless and tend to discard it. Do some brief research and proceed accordingly.

Wrapping it up

Well, these are the things that you need to know before you attend or partake in the next self-storage auction. Keep these facts in mind. And save this post so you can refer to it in the future.

Self-storage auctions are quite different from what you see on television. After reading this post, we hope you will follow this information while attending a self-storage auction. Comment below which among the points was new to you!

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