What Happens on Auction Day
If you have never attended a storage auction, you are in for a treat full of surprises. One of the surprises is the diversity of folks that attend auctions in search of Storage Treasures. Scavenger hunters, professional garage sale or yard sale shoppers, experienced dealers, and even soccer moms out to earn some extra household cash or find a deal on a couch, will be front and center and anxious to buy. Some of the buyers will look like they only have a dollar to their name and others will be dressed in the latest and most expensive fashions imaginable. The best advice is old advice: never judge the book by its cover. The guy who may look like he slept in his clothes may be the savviest of all the bidders.
As you size up the competition and find a list of storage auctions you want to attend, here are some facts that you should be prepared to deal with. First, there are often multiple units available at any particular storage facility on any particular auction date. Second, auctioneers schedule multiple events at different facilities within the same geographical region. Third, buyers are often required to register prior to the start of the auction. Sometimes that registration requires a deposit, which is refundable if you do not end up winning a unit auction. As stated in prior segments, bring cash to the auction, as it is not advisable to buy storage unit auctions with credit cards. Plus, some facilities will not accept credit cards at all. Checks are almost never accepted.
Just before the auction the storage unit will be opened and everyone preparing to bid gets a peak for only five to ten seconds. You are not allowed to enter or open any contents. The auctioneer immediately starts the bidding and the unit is usually sold in less than two minutes. The buyer must be ready and prepared because the auctions are fast paced and may be over before the novice has a chance to blink. On occasion, an auction will be cancelled minutes before it takes place because the owner will show up and pay the past due bill. If there are multiple auctions at the same facility, the auctioneer will simply move to the next unit for sale.
Auction hunters walk to a unit auction
Auction unit lock cut
Auction unit inspection