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Stories about Storage Auctions / Re: FINALLY Bought My First Unit
« on: May 01, 2012, 01:53:38 PM »Hmm - if it was still in the unit when I got that offer I'd of taken it. That way I make a quick sale, don't have to move the heavy stuff, and ready for the next auction.
Now - If I had already moved it all out from the unit to my location, I would either pass or do a counter offer so that I keep the items I wanted (shelves).
It all depends on how much time and space you have. I've sat on inventory for months before it's sold. Wasn't an issue as I had plenty of space. When I'm low on space the inventory gets rotated much faster. Example: cloths get donated to Goodwill more often then not. I have dozen of totes with jeans, baby cloths, etc. in them. If they don't generate some interest and sales this Saturday I very well may just give it all to Goodwill.
I had already moved it when I got the offer...plus he was wanting me to deliver. I counter offered with $1200 for it all but he was stuck on $800. He was simply trying to low ball me. It is a "friend" of mine and if he didnt know what I paid for the unit, then he would have probably given me $1200 for it. Some reason people just hate the fact that somone is making money. I shouldn't have told him what I paid for it, and definitely learned a lesson on that.
I am treating this as a hobby, so will never HAVE to sell anything. I don't get caught up on the return on how much I bought unit for. But rather what % of retail that I can get for it.
I am storing it in my garage so its not costing me any extra to store it. The only problem is if I buy another unit at a great deal, then I will be in a little trouble. But I have several plans for that.