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- Once you’ve won the auction, you’ll need to pay immediately and clear out the unit within a specified time frame. Storage facilities often give 24 to 48 hours for removal. Be prepared for the unexpected—some units contain valuable treasures, while others might have nothing more than trash.
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Sep 20, 2024 · How to Sell Items from Storage Auctions. If you win a storage auction and want to resell the items: Sort and categorise the items quickly to determine their potential value. Research prices for similar items online to set competitive prices. Clean and repair items as needed to increase their appeal. Use various selling platforms:
After you win a unit, the first thing you should do is contact the facility to confirm the unit is still available. A very frustrating, albeit legally required, part of online storage auctions is the delinquent tenant gets a little extra time to pay their bill.
- Winning A Storage Unit
- Pay For The Storage Unit
- What’s in The Unit?
- Transporting Your Belongings
Winning a storage unit at an auction can be a thrilling experience, but what happens next? In this article, we’ll explore the process of winning a storage unit and what to expect once you take possession. First, let’s briefly review how storage unit auctions work. When someone stops paying rent on their storage unit, the facility owner can legally ...
If you’re the winning bidder, the first step is to pay for the unit. Most facilities require cash or a cashier’s check, so be sure to have the funds available. Once you’ve paid, you’ll be given access to the unit to start sorting through the contents. It’s important to note that you’re buying the entire contents of the unit, not just the items you ...
One thing to keep in mind is that there may be restrictions on what you can do with the contents of the unit. For example, you may not be allowed to sell certain items or dispose of hazardous materials. Be sure to read the contract carefully and ask the facility owner if you have any questions. In some cases, you may find items that belong to the p...
Once you’ve sorted through everything and determined what you want to keep, you’ll need to figure out how to transport and store your new belongings. Depending on the size and quantity of items, you may need to rent a moving truck or hire a professional moving company. Overall, winning a storage unit can be a fun and exciting experience, but it’s i...
Oct 24, 2024 · Storage auctions are an intriguing and sometimes lucrative way to acquire forgotten treasures from abandoned storage units. Whether you’re a seasoned bidder or new to the scene, understanding the ins and outs of storage auctions can help you bid smarter and maximize your returns. In this blog, we’ll walk you through everything you need to ...
Jul 25, 2024 · Win and Pay: If you win, complete the payment through the platform. Be aware of any additional fees, such as buyer’s premiums or taxes.
Sep 25, 2024 · The Truth About Common Storage Unit Auction Myths. Last updated Sep 25, 2024. Share Post. Read Time: 5 min read. Table of Contents: Myth: You Know What's Inside the Unit. Myth: Every Unit Has Valuable Items Inside. Myth: Valuables Are Removed Beforehand. Myth: You Can Bid on Individual Items.
When you win the storage auction, this will be held on your card. You get it back when you FULLY empty the storage unit. If you leave anything in the unit for the storage company to throw away, they might keep your cleaning deposit. This is to stop people “cherry-picking” the valuable items and leaving the junk behind! 2.
