How to Bid on Online Auctions
Online storage auctions have become increasingly popular in recent years, and for good reason. They provide a unique opportunity for individuals to purchase valuable items at a fraction of their retail cost. One of the most popular sites for storage auctions is storagetreasures.com. Let’s look at the basics of how to bid on online auctions and some tips to help you be successful and win big!
1. Register for An Account
The first step in bidding on storage auctions on storagetreasures.com is to register for an account. This is a simple process that requires you to provide your name, email address, and a password. Once you have verified your email address you are registered! You will now have access to all the auctions on the site. Pro tip, add your credit card during registration to ensure you don’t run into any problems when you are ready to start bidding.
2. Browse the auctions
Once you have registered for an account, you can begin browsing the auctions on the site. You can filter the auctions by location, date, and categories to help you find the auctions that are most relevant to you. Pro tip: there are three different types of online storage auctions, and they are tagged appropriately when you click on each auction. There are lien units, non-lien/ manager special, and charity units and it’s important to know the differences. Read more about each unit in our tips to buying storage auctions article.
3. Research the units
Before placing a bid on a unit, it’s important to research the unit. You can do this by looking at the photographs of the unit, reading the unit description, and checking the auction rules. This will give you a better idea of what to expect when you bid on the unit. Pro tip, our auction bidders like to bid on auctions that contain boxes as the treasures are usually aplenty!
4. Place your bid
When you are ready to place a bid on a unit, simply enter your amount and click on the “Confirm Bid Now” button. You will be prompted to enter your bid amount and confirm that you understand the terms and conditions of the auction.
5. Win your online storage auction and collect your winnings!
When the auction closes and you have won, you’ll be sent an email. Print the invoice found in your email or from the ‘Invoices’ tab in your account. Please contact the facility to make an appointment. You will need to bring the exact amount in the accepted payment method shown on the Invoice, together with the cleaning deposit in cash (unless otherwise stated under Additional Information on the Storage Auction Details page). For more information tips on winning, check out this article from move.org!
Now that you know how to bid on online auctions, here are some tips for success on winning.
Tips for success
Be prepared: Before placing a bid, make sure you have the funds available to pay for the unit if you are the winning bidder.
Do your research: The more you know about the unit, the better equipped you will be to make an informed bid.
Have a budget: Set a budget for yourself and stick to it. Don’t let the excitement of the auction cause you to overspend.
Be patient: It’s easy to get caught up in the excitement of an auction, but it’s important to stay patient. Don’t get into a bidding war with another buyer and drive the price up higher than you are comfortable with.
Don’t be afraid to walk away: If you don’t win the auction, don’t be discouraged. There will be other auctions and other opportunities to find great deals.
By following these tips and understanding the process of bidding on storage auctions on storagetreasures.com, you will be well on your way to finding great deals and scoring some valuable items. If you have any other questions on how to bid on online auctions check out our help center. Good luck and happy bidding!