storage auctions bids

A Newbies Perspective: Attending My First Storage Auction

Over the weekend, I decided it was time fore me to get in on the auction action. I wanted to get a first hand experience of exactly what happens at each auction. My research started a few days before the auction. I started by using the Storage Unit Auction List state by state database, and was able to quickly find an auction in our company’s home city of Asheville, NC. On the day of the auction, I got up much …

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Sealed Bid Storage Auctions are Now Listed at Storage Unit Auction List!

As you might know by now, the staff here at Storage Unit Auction List is intent on being the best. Thus, we’re constantly changing our game plan by updating our website and adding new and exciting things into the fray. Why do we do it? Is it because we’re thrill seekers and we love living on the edge? Is it because we live for delivering exciting news stories all day every day? Is it because we need an excuse to …

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The ABC’s of Storage Auctions: Part 1

No, these aren’t your Grandma’s ABCs. We’ve compiled a list from A-Z of helpful terms and tips that will help you become a more informed (if not better) storage hunter. Who knows, maybe you can even share the list with your aspiring little storage hunting tots. Auctioneer – The man or woman responsible for running the storage auction, popularly known for the “auctioneer’s chant”. Some facility owners will hold the auctions themselves in order to cut the cost of hiring a licensed auctioneer.   …

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Guest Blog: 6 Things to Watch Out for During a Storage Auction

I’m very excited to introduce John Donegan, the content writer for our friends at www.sparefoot.com. John will be joining us once a month with his unique insights, and I’ll be doing the same over at Spare Foot–so make sure you head over there too for more great blog posts! But right now, I’m gonna kick back, relax, and let John do the writing! Despite all the stories you’ve heard of people striking it rich at storage auctions, unfortunately there are …

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Interview with an Auctioneer: Daryl Bagwell

I had the opportunity to chat with a real live, 100% genuine auctioneer who lives and plays at The Bagwell & Associates Auction Company in Fletcher, North Carolina–just 20 minutes shy of the Storage Unit Auction List headquarters in Asheville. Meet Daryl Bagwell—everything you’d expect from an auctioneer—friendly, talkative, and a great sense of humor. Mr. Bagwell was kind enough to give me a behind the scenes look of what it’s really like to be an auctioneer. The Beginning of …

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3 Ways to Improve Your Bidding Success for Storage Auctions

Once considered one of the nation’s best-kept secrets for generating extra income, the auction business is now a rapidly growing industry with a sizeable following. Thousands of storage units go to auction each day, and the potential for high profit margins with minimal initial investment is evident.

But before you quit your job and begin practicing your poker face for a bidding war, consider this: you may have just discovered the revenue potential of storage auctions, but so has everyone else. Auction and re-sale markets are on the rise, and if you play your cards right you can come out on top – but competition is stiff. So before you bid, give yourself an edge with these tips from the pros.

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The 4 Types of Bidders You’ll Meet at Storage Auctions

It is important to know your competition if you plan on profiting in storage auctions. There are several types of bidders, and most of them can be aggressively competitive. Many times when seasoned bidders bid higher and higher for a unit, it can signify that there may be something in there that they see and you don’t. They could also be bluffing to make you bid more. As you can see, there’s many nuances to the way people bid and …

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Bin Auctions Versus Piece Auctions

Bin auctions, are the bread and butter for professional storage bin buyers. The word “bin” refers to the actual storage unit itself, including everything inside of it. Bin auctions are generally more common than piece-by-piece auctions. The bin auctions are the type seen on A&Es show Storage Wars—you know the deal: the doors go up, you take a peek inside, and the winner gets all. There is an element of mystery when you buy a unit, because you’re not allowed …

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