Bidding and fund storage

How do you bid on a storage unit?

Those rules are: Bidders bid on the contents of the entire storage unit, not on an item-by-item basis. The auction of each unit is open, so there are no sealed bids. The unit is sold to the highest bidder. The winning bid must be paid in cash upon winning. A deposit may be requested by the site at their discretion until the unit is cleaned out.

What should I know before bidding on a storage auction?

There are several rookie mistakes overzealous bidders can make, and we don’t want that to happen to you. Here are three important tips you should know before you start bidding: 1) Bid on a storage unit close by: If you’re a storage auction newbie, we recommend not bidding on a storage unit far away for a couple of reasons.

How do I bid on storagetreasures auctions?

Make sure you are logged in to your account when searching and bidding on auctions. This ensures that auctions will show in your correct time zone. There are two ways to place bids on StorageTreasures’ auctions. Place bids in $10 Increments or place a Max Bid. Click on an auction you want to bid on. Place a bid in the bid box under Ready to Bid?

What are storage unit auctions?

Storage unit auctions occur when renters fail to pay their storage unit fees. The storage facility auctions off the contents of the unit to recoup the lost revenue. These auctions can be held in person or online and often feature a variety of items, from furniture and electronics to collectibles and personal items.

What are the rules for a storage auction?

Before getting involved in your first auction at a storage facility, there are a few rules you should know and that will most likely apply to any self storage property you visit. Those rules are: Bidders bid on the contents of the entire storage unit, not on an item-by-item basis. The auction of each unit is open, so there are no sealed bids.

Are storage auctions boring?

One thing is certain – storage auctions are never boring. Today anyone can attend a storage auction. No matter which auction you attend you will certainly find numerous excited people that want to bid and get their hands on the items inside the storage unit.