Storage Units Auction - You Can Find Real Treasures
Even if you're not into the buy and sell or antique business
, you can still go to storage units auction.There are people who doubt these storage auctions thinking that they could end up paying for junks instead.You'll be surprised to find really interesting items contained in these storage facilities.
How do storage units auction work? If a tenant fails to pay his or her rent until the expiration of the contract, the storage facility is mandated by law to put the contents up for auction to the public. The most common storage auction proceeding is called sealed bidding. The bidding public have the chance to take a look at the contents of the unit that is up for auction. After everyone has had their turns in looking at the contents, they can write their bid on a piece of paper including their names and contact numbers and seal it in an envelope. The highest bidder wins and he or she gets to pay up and empty the unit in 48 hours.
You will be surprised to know why there are a lot if people who go out of their way to join mini storage auctions. If you think that not too many people store expensive jewelries in these self-storage facilities, you better think again. If you ask those who frequent this type of auctions, they will tell you that you will find really expensive items in the storage units.
There are several reasons why people resort to having some of their valuables stored in these facilities. Some are only in a transition period of transferring homes that they need the extra space to store some important things. While some are having constructions in their homes and they'd feel more secure if they keep valuable belongings in a safe place.
There are also cases when someone who has had his or her things stored in a self-storage unit but unfortunately had suddenly died and no one from his or her family knew about the storage unit. In this event, rent will not be paid and the content might end up in storage units auction. Some become ill or lose their jobs that they fall behind in their payments that they don't have a choice but to give them up.
You see these are just some of the reasons why you should not be in doubt about this type of auction. There are valuable treasures in these types of auctions and who knows you just might hit the jackpot!