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Tips for Bidding at a Storage Auction

by sambit
Storage Auction

Chances are you have seen the shows about storage auctions and the competitive bidders excited to see what treasures are hidden inside. Sometimes it’s disappointing, but other times it can be quite rewarding.

Do you want to try your hand at bidding at storage auctions Prescott AZ? If so, you may need some tips to help you with the process. Keep reading for some tips to help you with this.

Get to Know the Rules

Most storage facilities have set rules that you must follow. Because of liability issues, you can’t enter the unit being sold. However, if you see a few things, they are indications you should back off: these include odors, insects, or storage drums that may contain hazardous waste.

Stay Quiet

You don’t want to announce to everyone what you find inside your unit. This is true, especially if you find something particularly valuable. Make sure you keep what you find inside to yourself, find a buyer, and earn some money.

Make Sure You’re in Shape

Professional buyers are going to try to turn around a unit they buy as quickly as possible. While this sounds great, it isn’t as easy as it may sounds. Going through an entire, unconditioned storage unit is a physically demanding job. Be sure you are up to the challenge.

Avoid Getting Caught Up in all the Excitement

You don’t have to purchase a unit each time you go to an auction. Take time to find one that looks like it may have something that will earn a profit. Also, have a budget to ensure you don’t overspend.

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Storage auctions can be a lot of fun but knowing the ins and outs of what to do is important to make the most of your experience. Keep in mind that these auctions go on all the time, so find one and try out your bidding skills.

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