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- When a renter fails to make payments on a self-storage unit for an extended period of time, the storage facility can auction off the contents to cover its losses. This process to recoup funds is called a storage auction, and you may have seen the auction process on TV or streaming app shows such as Storage Wars.
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What is StorageAuctions.com. StorageAuctions.com is a robust online auctioneer for abandoned or delinquent storage auctions. Buyers can find the best storage unit auctions and sellers can reach a faithful audience of bidders.
- 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...
StorageAuctions is the best place to find online storage auctions. Find units near you and bid with confidence. Storage facilities can streamline their auction process by listing their inventory in one place for both live auctions and online auctions.
If you are new to storage auctions or thinking about buying a storage unit to resell, this article is for you! The process seems easy and fun on TV and YouTube, but just like any other business, auctions require knowledge, preparation, and hard work.
Jul 26, 2021 · The point of storage auctions is two-fold: to help companies redeem lost profit from non-payment and to help them clear out the unit for a future renter. It’s also an alternative to simply sending left behind items to a landfill, especially in cases where the abandoned belongings have value or can still be put to use.
Sep 25, 2024 · Curious about how storage auctions actually work? Buying unclaimed storage units in real life is not the same as how it’s presented on TV. Check out this list of storage auction myths and learn the truth about purchasing abandoned storage units at auction. Myth: You Know What’s Inside the Unit.
