Storage Auctions Online

Storage auctions online has a completely different format for bidding on storage units than bidding on units in person.  You get to bid online from the comfort of your own home instead of bidding on units with a crowd of 30 people or more.  Auctions online simplify the process of storage unit bidding.  Most storage facilities take at least 7 pictures of the unit before posting the auction and give you a brief list of the most important contents that unit contains.  The storage facility manager has complete control over this process and there is a chance that there could be more valuable items in the unit that the manager doesn’t know about.  Online bidding is a much easier way to bid on storage units without the hassle of bidding in person.

The bidding process

The bidding process is much different than in person.  Online you have a timer that lets you know how much time is left in the auction.  It’s kind of like eBay how they tell you how many bidders and what price as well as the time that is left on the auction.  If you are familiar with eBay auctions you know that the best chance you have of winning is not bidding until the very end. 

Crunch Time

Most of the time, the auctions don’t even start until 1 minute before the auctions closes.   It is always wise to wait to the last minute to place your bid.  Otherwise, you might risk the chance of the auction going up and up.  Think about it, if you bid on a unit 10 minutes before the closing time you might end up seeing that your bid is the only bid on there and other users are going to wait until the last minute to bid and you might not get another chance.  Just wait and place your bid with 4-5 seconds left.  Expect that someone might be bidding at the same time so up your bid above what you think other buyers are going to bid.  I see people win units all the time with this bidding method and it helps keep the bids down as well because there is not someone bidding over and over on a unit driving the price up. 

Winning the Unit

Once you have won the unit you need to go down to the storage facility with cash in hand and pay for your unit.  Sometimes the facility will charge a cleaning deposit in addition to the unit cost.  The cleaning deposit is refundable as long as you get all of the items out of the unit and leave it in good condition.  Some online storage auctions do charge a percentage of the unit purchased but usually is no more than %10 percent of the unit costs. 

Storage Battles

http://storagebattles.com