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Messages - sambid13

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"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.

2
"A 15% bidder's fee that really gets passed on to the seller, or do you disagree?"

This is my view on it. With Bid13 there are no literal fees for the seller, first off. No monthly subscription fees, no cancellation fees, no seller premiums.

We do charge a bidder's fee. That said, we do all the advertising for the seller. We target specific areas to attract local bidders for each individual auction (which is time consuming). We have customer service representatives in the office every day - therefore if the seller has a question, or if a bidder has a question, we answer it promptly and thoroughly.

Time is money - this isn't a platitude; for an owner of a large facility (or multiple facilities) this is a true statement. The less they have to deal with, the more time they have to focus on renting units to dependable tenants.

3
"The majority of auction websites are free to the storage operator."

"however, all online storage auction services except OnlineStorageAuctions.com charge both the buyer & the seller a premium on the final bid amount or a monthly service fee."

First off, Inside Self Storage changed what I had originally wrote. It isn't true that the majority of auction websites are free to the storage operator. Most websites (Storage Battles, iBid4Storage etc) charge the facility some sort of fee. Bid13 only charges a bidder's fee. That's a point I was trying to make, not sure why they changed it.

I took a look at the 4 auctions posted on this site. Only one of them has a bid, and only one of them has viewable pictures. They also appear to be spread out across the country. How do people know what they're bidding on if there isn't any pictures / video? I'm curious. You are contending that this site is better for sellers, but I'm not seeing any proof of that. Could you elaborate?

4
Hey everyone. My name is Sam Edwards. I've utilized this forum many times (particularly when researching lien law) and I'm a fan.

I recently wrote an article about online storage auctions for Inside Self Storage. It was published two days ago. I was wondering if anyone here had any thoughts about the points made in the article. Any feedback offered would be greatly appreciated. Thanks!

http://www.insideselfstorage.com/articles/2015/01/6-reasons-to-switch-to-online-selfstorage-auctions.aspx

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