Someone who attends a storage auction can acquire a number of interesting treasures in an entertaining and exciting way. However, for those who have never been to an auction, the process may appear intimidating and confusing. Follow these tips to help settle your stomach and get ready before embarking on the journey as an auction attendee:
Storage Auction 101
storage auctions take place at various storage facilities. The event dates are set by the storage unit company, and interested bidders can come and check out the contents of the different storage units being auctioned off. Someone who wants to bid on a storage unit typically can take a look at its contents to decide what he or she is willing to pay for the prize. Once everyone has been given the opportunity to look at the items inside, the bidding will begin. While typical auctions allow you to bid for one particular item, a storage auction requires you to bid on an entire unit and its contents. Similar to regular auctions, these events also have someone keeping a record of what is purchased and someone tracking the bids. Whoever bids the most wins the contents of the storage unit.
Research ahead of Time
Before going to an auction, take the time to research the dates, locations and times of various events. There are always a variety of storage auctions across the country on a quarterly basis. Knowing when and where various auctions will take place can help you navigate these events. Additionally, you may want to ask other individuals who have attended these auctions what their experience was like to help prepare and heighten your understanding.
Learn the Language
Auctions have their very own vernacular. Get to know the terms and familiarize yourself with their meanings before stepping up to the plate and placing bids on the units you want to invest in. For example, a bookkeeper or clerk keeps a physical record of the prices and items sold and a bidder package provides you with information regarding the auction. Check out the plethora of auctions held across the nation this week, and every quarter, and have a little fun acquiring a few cool treasures.
Since it premiered in 2010, the television show Storage Wars has been a ratings smash and filled viewers’ minds with dreams of finding riches buried within the self storage facilities near their homes. While the auctions featured on the show do happen, they aren’t the cash cows the show makes them out to be. If the show has piqued your interest in bidding on an abandoned storage unit, you should go in with some knowledge to set your expectations realistically.
Storage Mart Kansas
2820 Foxboro Dr.
Salina, KS 67401
1540 W. Schilling Rd.
Salina, KS 67401
Phone: (785) 825-0161
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