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General Storage Auction Talk / Next time I'm taking my Civic.
« on: August 03, 2011, 07:27:37 PM »
On Friday last I drove my pickup and trailer around town to see a bunch of crap sold at 4 or 5 times what it should have. Most of the places around here allow until 5PM the next day to clean out your locker so I'll be saving gas but more importantly parking headaches. I talked to one of the property managers about 1/2 hr before the auction began and she told me that she had gotten 3 times as many calls this month about the auction than last month and it already looked like there would be 2 or 3 times as many people registering for the sale.

Storage Auctioneers / What are an auctioneer's responsibilities?
« on: July 27, 2011, 05:26:51 PM »
Quote from: Warren Schreiber on Sun Jun 05, 2011 Auctionzip forums
I have not seen a unit in the last six months that I would want to buy at anywhere close to the prices realized!!!
This is from an auctioneer in Mass.  I'm sure that he likes the commissions he's getting since the shows came out but he knows that people are over bidding (rolling the dice) on most of the lkrs he is selling.

Food for thought: It is generally assumed that an auctioneer's job is to get the highest sale price he can for the seller. Does there come a point that the auctioneer has a duty to the buyer when something is being sold way above value? Does this fall under full disclosure laws? Morality?

Buyer beware is my opinion. For better or worse the TV shows have brought the industry to the public light and we will be seeing changes in private lien auction laws across the country.

These are just hypothetical questions but interesting for me to ponder.  8)

General Storage Auction Talk / Multi Unit Owner Up on Block
« on: July 25, 2011, 01:40:50 PM »
An out of town storage facility (45 minutes one-way) has 16 units coming up for bid on the 28th. Three of those are owned by the same person all listed as household goods. Research shows a 3 bdrm house repo late last year.

If the first unit looks good I'll bid on it of course. My main question is how important do ya all think getting the sister units is?

Assuming worst case that I got all 3 and need to empty them all in 24 hrs I have access to a double trailer semi for cost of fuel +$100 for a couple of days (cousin's) and a F250 with lift gate that I can get the day after the auction. I also have a small steel building to put the effects in so neither transport or storage would be a major problem nor expense. Labor is my shortfall at the moment as I only have 2 women (my old lady and her friend) and the truck driver (step dad with CDL) to help me but the local work a day in the town I would need help in cost 12 bux an hour per head.


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