Storage auctions are all the rage right now and people are getting the same feeling that we saw in the past during the gold boom or if they were on a pirate treasure hunt. Today, there’s not necessarily a treasure map unless you consider Google Maps bringing you to the storage auction a treasure map.
We’ve compiled some tips for bidding on storage unit auctions below to help guide your way and give you some insight.
Finding a Storage Unit Auction
- Online storage auction sites
- Call your local storage company
Before the Auction
- Call the storage company to find out what payment is acceptable – cash, cashier’s check, money order, certified check, or credit card
- Arrive an hour before the auction begins
- Bring a flashlight, smartphone, new lock, and payment
Bid Smartly and Know Your Limits
- Stick to your maximum bid
- Don’t fool yourself into thinking the items you can’t see are buried treasure
- The items that are visible might give you a good idea as to what the entire storage unit’s contents are worth
Gathering Your Winnings from the Storage Auction Units
- Arrange to have a moving van, trailer, or truck to gather all the contents out of the storage unit as most storage facilities require you to remove the contents 24-72 hours after the auction ends
If you’re doing this as a hobby or are just looking to pick up items at a discount, as auction hunters, don’t forget to have fun!