where is the best place to find local self storage upcoming auction listings?
Rutledge, TN :
In the United States, most self storage facilities hold storage auctions or lien sales to vacate non-paying tenants according to their enforcement rights that are outlined within the laws of each state. There are storage facilities in every neighborhood. There are various ways in which a person can go about finding these events and some considerations that one must know prior to attending these events. These auctions are opened to the general public with most bidders’ buying for the purpose of reselling for profit. Storage auctions are a great way to buy secondhand merchandise for pennies on the dollar. If you are someone who sells at flea markets, garage sales or on e-Bay, you will probably find storage auctions to be one of your best sources for merchandise.
Be sure to arrive 10-15 minutes prior to a scheduled auction. Before the auction starts, the self storage facility or auctioneer will have a sign in sheet and a set of their company’s rules going over the terms and conditions of the auction. Terms and conditions will vary with each site. Most auctions are "live" or "verbal", very few are sealed bids. Cash is the acceptable form of payment. Storage auctions are very different then most types of auctions. Usually you are bidding on the entire contents of a unit or lot. Units or lots are usually viewed 1 by 1 with the viewing limited to the doorway entrance of the storage unit. Bids sometimes start out as low as $1.00 and can proceed upwards with the property being sold to the highest bidder. Don’t forget, the high bidder must remove all contents of the unit purchased within the time specified by the self storage facility.
You can find out where these auctions are taking place through various sources. There are legal notices in newspapers which are generally available on the papers websites. There are web sites such as www.auctionzip.com/storage.html which allows the user to enter their zip code to locate various types of auctions including storage units. Lastly, one can contact 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. Your best means of finding the most auctions is by calling the different self storage companies yet be warned auctions can be cancelled without prior notification.
