How to Win Big at Storage Auctions

by

Tracey Williamson

If you are the type that loves to score a good deal, a good find, or simply like the energy rush that comes with treasure hunting, you may be interested in picking up the hobby of Storage Auctions. Storage Auctions Australia are quickly becoming a very profitable hobby for many Australians, and are easy enough to get involved in. Not many people have the time or resources to undergo deep sea treasure hunting, and so storage auctions presents a more realistic and accessible means of finding your own treasure score. You know what they say, what is one person\’s junk may be another person\’s treasures, and this is exactly why storage auctions Australia are so popular today. If you are considering trying out this new hobby, here are some tips from the pros that have turned storage auction sales into very lucrative careers!

Storage auctions work under the premise that the storage unit in question has been repossessed or the tenant of the unit did not pay their storage fees. In times of recession, storage auctions become very popular as fewer and fewer people are able t pay their bills, and storage units are often a luxury item that is last on the list of bills that must be paid. Tenants store their goods in storage lockers or units, and when they don\’t pay their bills after a certain number of months, the units go up for auction. Simply put, the highest bidder gets all of the contents of the locker. What this means for you is that you get to keep or make profit if you like, off of the contents in the locker. Many people that win storage auctions often sell the higher end items they find in the locker, making much more money than they ever spent on the auctions.

If you are new to bidding on storage auctions Australia, there are a few things to keep in mind. This new \”hobby\” of sorts has become very popular, and there is a small community of sorts of people that buy these units. As such, when you are bidding, take your time to get familiar with the process, the auctioneer, and the people that are bidding. Chances are if you are new they have been doing this for a while, and by \”seniority\” may have a better chance of getting the locker. Always start small with your bidding and work your way up as you get more familiar with the process.

It\’s a good idea to do some research on the tenants of the units before you bid. This way you know a good idea on if the contents will be high end or not. As well, storage auctions in more expensive neighborhoods are likely to fare better in treasures. Also, unless you know otherwise upfront, most storage auctions Australia are paid in cash, so be sure to bring your budget in cash with you to the auction. The last thing you want to do is be the highest bidder, but not be able to pay for your storage unit. Once you\’ve gotten acquainted with the process though, it won\’t be long before you are a pro at bidding on storage auctions.

Visit

Storage Auctions Australia

to score big finds on

Storage Auctions

.

Article Source:

ArticleRich.com