You’ve seen them on storage TV shows, but have you experienced one for yourself? Storage auctions provide a unique opportunity to purchase the contents of an abandoned unit. You probably have questions before you participate in SecurCare Self Storage auctions—or events with another company. Here’s everything you need to know:
In what states are SecurCare Self Storage’s auctions held?
You can always find auctions in your area from various storage companies, but our storage auctions are held in 13 different states across the U.S. These include:
- North Carolina
- South Carolina
When are storage auctions held?
SecurCare’s auctions are always held the first month of each quarter of the year—in January, April, July and October. They typically run for a week and last for approximately an hour each day. Search a site like storagetreasures.com to find other auctions throughout the year.
What does the event look like?
Most of our auctions are held online via LockerFox. However, we still do a few in-person auctions in select states.
For our onsite auctions, each day usually starts with an auctioneer who reads the rules to the attendees. Interested buyers are then able to visit and bid on available units. The doors of the units will be open, but no one is allowed to enter the space. This same rule applies to online auctions. You can see a picture of the unit, but the photographer cannot step inside.
Just like every auction, the highest bidder wins. The most aggressive bids usually occur in the morning, but every day is different. First-timers should steer clear of a bidding war, as this will drive up the price of the unit substantially. The primary goal of a storage auction isn’t to outbid another person—it’s to pick the unit with the biggest potential profits. If you’re able to quickly determine the value of any visible items in the storage unit, you’ll be able to maximize your money.