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- A storage auction occurs when the contents of an abandoned storage unit are sold to the highest bidder. These auctions typically happen when the original renter fails to pay their storage fees, and the storage facility seizes the unit to recoup its losses.
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What happens when a storage unit is left to auction?
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Are there storage auctions in the UK?
In-Person. Storage unit auctions can be either online or in-person. In-person auctions are the traditional method, where bidders gather at the storage facility and bid as each unit is opened. Online auctions, on the other hand, are conducted on websites dedicated to this purpose.
Storage Bidder makes it easy for you to turn your abandoned units back into profit so get started selling storage units today. View and search our UK auctions. Place and manage your bids from anywhere. Get notified when an auction goes live.
- What Is A Storage Auction?
- What Types of Storage Auctions in The UK Are there?
- How Do I Find A Storage Auction?
- How Does A Storage Auction Work?
- Top Tips For First-Time Bidders
- What to Do When You Visit Your Storage Facility
- The Most Valuable Self Storage Auction Finds
UK storage auctions are becoming more popular with bargain hunters looking for that next hidden item but equally with those who generally have a passion for raiding storage units. Storage units are often left to auction when a customer defaults on paying their bills. While every effort is made to come to an agreement with the customer, if this isn’...
There are two types of storage unit auctions available in the UK: 1. Online Storage Auctions – These are by far the most common in the UK. Unlike the US TV shows we all love, one thing not to expect so often is visiting the storage lot in person while you walk around various units. UK storage auctions are often conducted online on websites or over ...
Thanks to the internet, you can find storage auctions near you from the comfort of your own home. Most storage companies use platforms such as eBayand iBidOnStorageto sell units, and will often give some details as to their size and contents. Similarly, some companies will conduct their own private auctions with closed bids, while others will emplo...
Depending on which type of storage auction you attend, both boast their own benefits. With online storage unit auctions, prior to bidding going live, bidders can usually see a photograph of the storage unit being auctioned, which is usually taken from the doorway. Potential buyers are not allowed to bid on individual items within the unit, and can ...
When it comes to bidding on storage auctions, it can be easy to get carried away with the possibility of uncovering valuable treasures to resell, especially if you’ve just been introduced to the world of online auctions. However, bidding on storage auctions is a huge gamble, as buyers often pay more than the contents are worth. When assessing the v...
If you’ve just won a storage unit auction, you’ll only have a certain amount of time to clear the unit of its contents. Here’s what you need to remember: Check the rules: Before you go anywhere, make sure you check the rules before visiting the storage facility. This is particularly relevant to online auctions. While some will require all payments ...
As we said earlier, buying a storage unit doesn’t necessarily guarantee you a quick fortune but if you get lucky, you could stumble upon some valuable items. Fans of Storage Hunters and Storage Wars will be familiar with the exciting prospect of hidden treasures lurking in abandoned units. And, while most storage units up for auction contain common...
Turns out that yes, there are storage auctions in the UK – you just have to know where to look! Some specialise in the entire contents of shipping containers, and others are just regular auctions that are abandoned self-storage that people have “done a runner” from and never paid for.
Jan 29, 2024 · When an auction does take place, the storage company will sell off the contents of the collected unit to the highest bidder, often by hosting a free auctioning event to the public. If the sale, made by the highest selected bidder, does not cover the balance owed by the previous owner of the storage unit, the remaining amount due will likely go ...
Mar 27, 2024 · During a storage unit auction, the process typically starts with a grace period after a missed payment, followed by a scheduled auction 30-90 days later. After that time, the items in the unit are then auctioned off to the highest bidder.
