When most people think of storage auctions, they mostly think of the popular TV show Storage Wars. In this show, individuals bid on abandoned storage units in the hopes of finding valuable items inside. Having said that, there are several online storage auction sites that have become popular in recent years. These sites provide a convenient way for people to bid on storage units from the comfort of their own homes.
So, what are the best online storage auction sites? There are plenty of these sites, including StorageTreasures.com, StorageAuctions.net, SelfStorageAuction.com, StorageAuction.com, and AuctionMyStuffNow.com. Others include LockoutStorageAuctions.com, Auctionzip.com, Lockerfox.com, and StorageBidder.com.
This blog post discusses some of the best online storage auction sites currently available. Read on to learn more.
What Are Online Storage Auctions and How Do They Work?
Before diving into the list of online storage auction sites, it’s essential to understand how these auctions work. In most cases, online storage auctions are held by self-storage facilities.
When a tenant fails to pay their rent or otherwise abandons their unit, the facility has the right to sell the contents to recoup their losses.
These auctions are typically open to the public, and anyone can participate. However, there are usually a few restrictions that you’ll need to be aware of.
For example, most storage facilities require that you pay a deposit to bid on a unit. This deposit is typically equal to the value of the unit itself.
Another restriction that you might encounter is a minimum bid. This is the lowest amount you’re allowed to bid on a unit. In most cases, the minimum bid is set at the unit’s value. However, this isn’t always the case.
Once the auction begins, interested parties will have a set amount of time to place their bids. The bidding process is usually done in increments of $50 or $100. Once the bidding period is over, the highest bidder will be declared the winner.
At this point, the winner will be required to pay for the unit in full. They’ll also be given a set amount of time to remove the contents of the unit. In most cases, this is 48 hours or less.
If the winner fails to remove the contents of the unit within the specified time frame, they’ll forfeit their deposit, and the unit will be put back up for auction.
What Can You Find at an Online Storage Auction Site?
Well, that depends. The contents of a storage unit can vary greatly. In some cases, you’ll find nothing but junk. However, there are also cases where people have found valuable items such as jewelry, art, collectibles, and even cars.
Of course, there’s no guarantee that you’ll find anything valuable in a storage unit. However, the potential rewards can be great. And if you’re lucky, you might just find that hidden gem you’ve been searching for all your life.
The bottom line is that an online storage auction is much like a gamble. There’s always a risk involved. But if you’re willing to take that risk, the potential rewards can be great.
What Is the Best Online Storage Auction?
Now that you have a better understanding of how online storage auctions work, let’s look at some of the best online storage sites currently available.
StorageTreasures.com is one of the most popular online storage auction sites. They offer auctions for storage units in the United States, Canada, and Puerto Rico.
One of the best things about StorageTreasures.com is that they offer a free membership. This allows you to view auction listings and place bids on units.
However, there is a catch. If you win an auction, you’ll be required to pay a 10% buyer’s premium. This is in addition to the cost of the unit itself.
This membership gives you access to auction listings and allows you to place bids on units. There is also a $1 per bid fee. However, this fee is waived if you win the auction.
Auctionzip.com is one of the largest online directories of storage auctions. They have a database of over 150,000 upcoming auctions from around the country. You can search for auctions in your area or view the entire list of upcoming auctions.
There is also a lot of useful information on the site. For example, they have a storage auction FAQ that can answer many of your questions.
Storageauctions.com is probably the best-known online storage auction site. They offer auctions for storage units in the United States and Canada with a free membership option.
Unlike other online storage auction sites, Storageauctions.com doesn’t charge a buyer’s premium. All they have is a $1 per bid fee, but this fee is waived if you win the auction.
At Storageauctions.com, you can also find a lot of helpful information. For example, they have an extensive storage auction FAQ that can answer many of your questions. They also offer tips and advice for newbie auctioneers.
Another popular online storage auction site is Selfstorageauction.com. They offer auctions for storage units in the United States with a free membership option.
Selfstorageauction.com is different from other online storage auction sites because they don’t require a credit card to sign up for their free membership option. This makes it an excellent option for those on a budget and want to try out online storage auctions without committing to a paid membership.
To find an auction on Selfstorageauction.com, simply enter your zip code and choose the “auction” option from the drop-down menu. This will bring up a list of all the storage facilities in your area currently holding auctions.
You can also view a list of upcoming auctions, which can be helpful if you want to plan ahead or bid on multiple units.
To bid on an auction, simply create an account and log in. Once you’re logged in, you’ll be able to see all the details about the unit, including a description, photos, and the current bid amount.
Storageunitauctionlist.com features a comprehensive directory of storage auctions taking place across the United States. They have a searchable database of over 150,000 auctions. You can search for auctions in your area or view the entire list of upcoming auctions.
In addition to its storage auction directory, Storageunitauctionlist.com also offers a blog with tips and advice for bidding on storage units and a forum where users can share stories and connect with other bidders.
Whether you’re a seasoned pro or a first-time bidder, Storageunitauctionlist.com is the go-to resource for storage auction information.
Lockerfox.com is one of the best sites to use when you want to get into the world of online storage auctions. This site is impressive for a few reasons. First, the number of storage units available is staggering. You can literally find an auction in any state you want to participate in.
Second, the customer service is excellent. The staff is incredibly responsive and always willing to help out with whatever you need. Finally, the prices are unbeatable. In fact, we are yet to find a better deal on an online storage auction site.
If you are interested in getting into online storage auctions, we highly recommend checking out lockerfox.com. You won’t be disappointed!
How to Win an Online Storage Auction
Now that you know the some of best online storage auction sites, it’s time to learn how to win! The following tips will help you get started:
a) Know Your Budget
It’s essential to know how much you’re willing to spend before you start bidding. Once you have a budget in mind, stick to it!
b) Do Your Research
Before bidding on a unit, make sure to do your research. Check out the facility, read the description carefully, and look at the photos. This will help you get an idea of what’s inside the unit and whether or not it’s worth your time and money.
c) Know the Rules
Each online storage auction site has its own set of rules and regulations. Make sure you understand the rules before you start bidding.
d) Have a Strategy
Once you find a unit you’re interested in, it’s crucial to have a bidding strategy. If you’re the only bidder, you may be able to get away with just a few bids. However, if there are multiple bidders, you’ll need to be more aggressive.
e) Be Patient
Storage auctions can be a lot of fun, but they can also be frustrating. If you don’t win the first auction you bid on, don’t fret! There will always be other units up for grabs.
It can be a little daunting to wade through all the different online storage auction sites, but you can find the best one for your needs with a little bit of research.
StorageTreasures.com, StorageAuctions.net, and Bid13.com are our top three picks due to their large selection of auctions, the variety of items available, and user-friendly platforms.
However, there are many other great options, so take your time exploring and find the site that works best for you. Follow these tips, and you’ll be winning storage units in no time!