The Steps to Buying at Storage Unit Auctions #1

Now if you are thinking that you would like to purchase storage units at auction, there are a few pointers you should know. The first thing you need to do is decide how much you are willing to spend at auction. Next, go to a few in your area and find out what the market is. Watch the "regulars" -- those buyers that make all the auctions --figure out what the average range of the bids is. This is important because you don't want to be "suckered in" to bidding more for a unit than you should. The "regulars" don't like new people coming into their turf. I have been at auctions and watched regulars who never paid over $25 for a unit bid against a new person just to get the bid so high there would not be much profit made on the sales of the contents. One example that I remember well was a unit for which the new person paid $110. If the "newby" had been watching the crowd around, he would have seen the regulars snickering as they kept pushing the bid higher.