Guide To Chicago Mini Storage Facility Auctions

Due to the global financial crisis, a lot of people are unable to pay for the rental of storage units. As a result, many storage companies, particularly in Chicago IL 60622, are auctioning the contents of those units that have been abandoned by their renters. If you are an online auction seller or you are just hoping to find treasure from another mans trash, then it may be a good idea for you to participate in such auctions. But before you do, you might want to get a handle on how and what to do during such storage facility auctions. Read on.

According to storage companies from all across the country, there is actually a rise in the number of storage units whose contents are being auctioned off. However, most of these companies really do not advertise their auction in major television shows or in the front page of dailies. Thus, if you are interested in participating in the public sale of the contents of defaulting storage units, then you have to be proactive in seeking the dates of such events. You probably may want to call or visit the website of the storage companies that are near you. For those who live in major cities such as Chicago, you can check the Internet or directories because there are plenty of storage companies in urban areas.

It is important to note that in such events, you are not allowed to inspect the items inside the storage units. Even the auctioneers or the employees of the storage units are not allowed to take a peak. In fact the units are only opened on the day and time of the public sale. You need to be content in guesstimating the contents of the unit from a distance and only after the doors are opened. The auctioneer will be the one to decide the starting bid. If the auctioneer thinks that there are potentially expensive items, such as cars, designer clothes and bags, or appliances inside a unit then the starting bid will be a bit high.

Bidding for the contents of Chicago mini storage facility units is much like gambling. Even if you see that there are appliances inside the storage facility, you really do not know if they are working or not. So, if you are participating in such auctions, you also need to accept that there is a chance that the contents of the unit you bid on may not be valuable.

If you like this entry, take a look at Simple Quizes

Tweet This Post 

Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.

View admin's Profile      Subscribe via RSS