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How to Find the Best Storage Unit

When a storage company finally decides to hold an auction of self-storage units, a public announcement is made which is usually through local newspapers. Once the announcement is made, this will surely capture the interest of both first time and seasoned auction hunters in search for bargains.

Once the auction begins people will gather around the first unit to be auctioned off. The auctioneer will have someone cut the lock and the door will be opened. You will not be allowed to go inside the unit you can only look inside. When you look inside you will need to think about the items that you see. What is the resell value of the items that you can see? Once you have made a mental list do not bid over the value you came up with. When you find a unit worth buying you will need padlocks so that you can lock up your unit and move on to the next unit to be auctioned off.

The terms and conditions will vary with each site. Most auctions are done verbally in contrast to sealed bids in other negotiated contracts in which documents are exchanged without a word. In storage unit auctions, cash is the only acceptable form of payment and sales tax will be charged if the buyer cannot show a valid resale license and proper identification.

Storage auctions are indeed very much different from most types of auctions. Here, you usually bid on the entire contents of a unit or lot. These units are viewed by bidders one after the other, which viewing is confined to the doorway entrance of the storage units miami.

The bidding starts after all bidders have done their appraisal of the property. Bids sometimes start out as low as $1 and can go upwards depending on the property being sold and the interest of participants to place higher bids. Experience shows that the average price quotation for storage unit lots or units is $300. Once the highest bidder wins, he is expected to clean out all the content of the unit within the time specified by the self-storage facility.

You really never know what you will find in a unit. Most items are general household goods, furniture, electronic, clothing and personal records. Winning bidders sometimes find money, jewelry, antiques and collectibles at these auctions. It is not uncommon to find someone's whole household or business in a unit, which means that you could end up with someone's life collection. Remember, you are viewing the property from an open entrance into a storage unit or container such that boxes and plastics storage containers can yield almost anything. Some units are packed so tight that you won't have the luxury of getting a view of the items.

You can find out through various sources where storage auctions take place. There are legal notices in newspapers, web sites and auctioneers who all provide very limited schedules of self storage auctions. By using all these sources it is impossible to find out when and where all these auctions will be conducted. Calling the different self-storage companies will give you the best results.

Make sure that you are prepared before you go to an auction. It is a good idea to have someone go with you so that you don't have to load everything up alone. There have been a lot of hidden treasures found in these units so it is very possible the next great treasure that is found will be found by you. If you are a person who loves surprises and you are willing to get your hands dirty then storage auctions can be a lucrative second income! You will find things that you want to keep or collect and sell and make some serious money in the process. Storage auctions are a modern day treasure hunt! Good luck and happy bidding!
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