Myths about Storage Unit Auctions

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Storage auctions can be a great opportunity when you are looking for a steal on some household items. With the popularity of storage auctions in the past few years you may have heard some myths about what goes on a storage unit auction. Spare Space Storage in Springville wants you to be informed when you decide to take part in a storage unit auction. Below are some busted myths for you to take note of.

 

Every Unit is Valuable

This is of course a myth. While you might get lucky occasionally, you shouldn’t go into a storage unit thinking you are going to find a gold mine of items. You might be able to find a few things you can sell for a profit in a storage auction but the reality TV shows make it look like it happens more often than it does.

 

You can’t look inside a Storage Unit

Even though you aren’t allowed physically in the unit, you are allowed to look in it. This will give you a pretty good idea of the stuff that you will be bidding for. It is always a good idea to bring a flashlight so you can see all the way to the back of the unit.

 

All you need is a Check or Credit Card

This is of course false. If you are going to be placing a bid on a unit you need to have cash in hand. Make sure you bring enough for sales tax and the cost of cleaning the unit as well. Check with the facility manager to see what the fees are.

 

You can keep everything

While you can keep what you buy in a storage unit auction, some facilities will ask you to return any personal memorabilia you find in the unit such as photo albums or family movies.

 

Storage Facilities rake in Profit from Auctions

This is also not true. Storage facilities are required by law to only keep the amount that is overdue in rent and the costs of having the auction. The money generated over this amount is given to the tenant of the unit.

 

Take your Time Emptying out the Unit

It is standard with most auctions that you have until the end of the day to clean out the unit you purchased. Occasionally you can rent out the unit for a month or so to have time in emptying out the contents, you just have to check with the facility manager.

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