If you want a good and value-for-money computer, you wait for the computer fair. If you want a good and cheap travel package, you wait for the NATAS fair. Similarly, if you want a good and cheap self storage bargain, you can not afford to miss a self storage auction. So what exactly are self storage auctions? Are they legitimate?
A self storage auction is held by storage companies to get rid of items that are not either left uncollected by the owners or items from customers who repeatedly failed to make prompt payments. Self storage companies will then auction off these items in the hope of recouping some of their loss. Items can be auctioned off either individually or as a whole package from the storage unit. This gives rise to items with potential high monetary value. However, one thing to note is that during most auctions, bidders are not able to get up and close to the items. This is a gimmick on the part of the storage company to limit the exposure of the items to bidders in the hope to get the highest bid possible. Bidders can only gauge based on their sixth sense on the potential value of the items and make the approximate bid amounts. The fun thing about self storage auctions are the possible treasures that can be found. In the past, bidders have accepted antique, rare branded watches, old currency notes and jewelery for only a fraction of its price.
Self storage auctions are also a win-win situation for both the storage company and the bidder. The storage company can get rid of unwanted items and bidders can sell away the items for a higher amount on selling websites such as eBay. In fact, close to half of the bidders are actually dealers who hunt for rare items at self storage auctions, buy them for a low price and sell them out for at least 10 times of the original price. There is always a small chance of striking gold during self storage auction. You will never know whatever the unit you have just purchased have a 1 carat diamond ring lying in there or a couple of gold bars.
Self storage auctions are a win win situation for both the storage operator and the customers. Not only can the self storage operator clear out the space and recoup some losses, customers can purchase things for a low price with a possibility of striking gold.