Internet storage auctions are quickly gaining in popularity among facility owners and bidders alike.
If you’re involved in the storage auction business, you should familiarize yourself with Internet auctions.
Like it or not, they’re the future of the industry.
Fortunately, they’re easy to like.
There are many benefits for Internet storage auctions for buyers and sellers alike:
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Long auctions allow bidders time to research the lot
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Sellers can post detailed descriptions and photos to help sell the unit to bidders
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There are no large crowds to manage at the storage facility
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Buyers don’t have to worry about wasting gas traveling to multiple auctions
- Sellers can get higher bids from most auctions
Major online auction sites like eBay have paved the way for all sorts of Internet sales, and the format continues to gain in popularity. Everything from personal property to foreclosed houses can be sold on the Internet, yet storage auctions were late adopters of this technology.
The reason for this delay is due to lien laws in certain states mandating that auctions be held in a public place; although many states are rewriting their laws to be more technologically savvy, others still require auctions to be held at the facility.
Nevertheless, there are some loopholes that can help make internet storage auctions possible. By running the online auction concurrently with the live auction, storage facilities can stay within the law while still benefiting from the convenience of the Internet.
Just mention in the ad that bidding can begin online, and end the Internet auction a few hours before the live auction. If no one out-bids the winner from the Internet, the auction ends swiftly and painlessly.
Some websites offer to provide Internet storage auctions for a fee, but a listing service like OnlineStorageAuctions.com allows you to enjoy all the benefits of Internet storage auctions without paying a dime out of pocket.
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