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Online Storage Auctions / Re: Wrote an article for Inside Self Storage, looking for feedback
« on: January 20, 2015, 10:24:49 AM »
"You didn't answer the question."
"If I (as a buyer) am willing to pay a maximum of $100 for a unit, and you have a 15% buyer's premium, guess how much my bid is going to be? Yep, $85. Therefore, the seller just lost 15%. Do you disagree?"
The point I was trying to make in my post was that whatever money a seller could possibly lose by virtue of the bidder's fee, that money is made up for by the fact that the seller doesn't have to waste any time. That was the point of the "time is money" spiel in my post. Bid13 handles everything, and we're there to answer questions and make sure the process goes smoothly for both bidders and sellers.
I also agree with what Cobia said: "When the site that charges 15% has units I want available to purchase, I'm not going to wait around for the other sites to list quality units that are close to home."
If a bidder sees a unit they really want at an auction close to them, most of the time the bidder's fee isn't going to hold them back from fighting for that unit. That's what I've noticed, at any rate.
"If I (as a buyer) am willing to pay a maximum of $100 for a unit, and you have a 15% buyer's premium, guess how much my bid is going to be? Yep, $85. Therefore, the seller just lost 15%. Do you disagree?"
The point I was trying to make in my post was that whatever money a seller could possibly lose by virtue of the bidder's fee, that money is made up for by the fact that the seller doesn't have to waste any time. That was the point of the "time is money" spiel in my post. Bid13 handles everything, and we're there to answer questions and make sure the process goes smoothly for both bidders and sellers.
I also agree with what Cobia said: "When the site that charges 15% has units I want available to purchase, I'm not going to wait around for the other sites to list quality units that are close to home."
If a bidder sees a unit they really want at an auction close to them, most of the time the bidder's fee isn't going to hold them back from fighting for that unit. That's what I've noticed, at any rate.