Storage Auctions 4 Dummies Page 3.
OK so you have seen the latest television shows about storage auctions like Storage Wars and Storage Hunters and are thinking about jumping in on the fun.  That's great, but before you do, join us for a few minutes…it might make you or save you a lot of money.
                                                                                                                              © 2013   Auction Rules   Every auction has just about the same rules. Before the auction starts the auctioneer will explain all the rules for the auction. Most auctions are cash only but there are a few that will let you pay with your credit card or debit card. If it is a cash only sale, make sure you have enough money to pay for the unit or units you win because most will not allow you to run down the street to the ATM to get more cash. And also remember there are other fees associated with the auction over and above what you actually paid for the unit. Usually most auctions have a buyers fee which is  10%  of your winning bid, this is used to pay the auctioneer. Also there is a clean out fee and usually this is between $50 and $100 but I have been to auctions where I have seen the clean out fee as high as $800 but this was for a whole building. Also most auctions charge sales tax if you do not have a sales tax number on file with the storage company or the auctioneer. The clean out fee is returned to you when the unit has been cleaned out and broom swept, they want the unit ready to rent when you have everything out. Also some require the unit to be cleaned out the same day, most are accommandating but some are not, so make sure you know all the rules before you bid. So make sure to bring enough cash to cover all the expenses associated with the auction.               Click the next link above to continue.

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