Sealed bid storage auctions are one way to sell off a storage unit without having to hire an auctioneer and running a live auction.
It’s an especially helpful method in the event that you have only one or two units to sell and you want something simple. It’s no surprise, then, that sealed bid auctions are a preferred method for some storage facilities.
There are plenty of reasons to like sealed auction bids. They’re quite simple to run: You simply show the unit to interested bidders, then collect a handwritten and sealed bid from each bidder.
After the auction’s time runs out, all you have to do is open the bids and give the unit to the person with the highest figure. You can run the auction for as short or long a duration as you want, and you don’t have to worry about big crowds milling around your facility.
The problem with a sealed bid auction is that it can be time-consuming. Every time a bidder arrives, he has to be shown the unit and given time to look it over before writing down and submitting his bid.
If a unit has generated a lot of interest, this can leave you spending far too much time showing off storage units. That’s valuable time that could be used doing other things for your business. Wouldn’t it be better to streamline that process?
This is one place where OnlineStorageAuctions.com can really help save you time and effort. Instead of having your employees show each unit to every interested bidder that arrives at the facility, you can simply take a few photos and post the units online.
This allows bidders to spend as much time as they’d like examining the units without taking up your time to do it. Once the auction is posted online, you can request that sealed bids get dropped off at your facility, or you can just accept high bids from the website.
Either way, you get rid of the delinquent unit without spending any more money on it than necessary.
Setting up an auction on OnlineStorageAuctions.com is fast and free. When you run the notice for the sale, just mention that the auction is listed online and explain any bidding preferences you have, like whether bids can be dropped off at the facility.
Depending on your state, you might be able to hold the auction completely online without worrying about the in-person bids. Either way, once the auction is won, the winner comes forward and pays you for the unit.
If you’re currently using a sealed bids auction method, consider utilizing the free services of OnlineStorageAuctions.com to help you maximize your efficiency.
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