Weekend Auctions?

Hey I think that phrase is pretty normal Ive heard it a good bit.

Check the auction contract with the storage facility.  I am pretty sure once they take your money and you start going through the unit, it is yours, you official "own" it, and no auction house can then take it back or refuse your bid.

Orlando

Thanks for the help.....another is this phrase normal at all auction..."Seller has the right to refuse any bid and to with draw any property from the sale"....it just worries me that i buy a locker and find somthing valuable and then it gets taken from me. thanks!+

I think this might mean they can take an item out BEFORE the auction commences. For instance, in California guns are not to be sold in auction units. If the door goes up and they see a gun case 5 feet back, the autioneer or prop manager will go in an get it, open it up and if its a gun it gets taken out and -supposedly- gets turned in to local authorities. (except for the time I saw an auctioneer sell one off before the lkr was sold ... and that's a federal offense).

Check the auction contract with the storage facility.  I am pretty sure once they take your money and you start going through the unit, it is yours, you official "own" it, and no auction house can then take it back or refuse your bid.
Orlando

I bought one once, a 10x10, fairly tumbled but with a few good things showing. I loaded a video camera and a nice set of speakers into my truck and left. Coming back the next day the prop  manager stopped me and said the woman wanted to buy back her locker. I called the former owner and told her I had already taken some stuff out without mentioning what. She said that was all right; it was mostly the personal stuff she wanted. So, since I had only paid $50, had taken out a couple of good items, I offered the remains to her for $75 and she took it.

This is a bit of a variation on your statement Orlando, but it happens now and again and is yet another chance to make money in this biz.

Thanks for the help.....looks like I have all my info....now I just need to go.

Thanks for the help.....looks like I have all my info....now I just need to go.


+

In my experience when the door is opened you are bidding on everything in the locker.
The storage company has the right not let the unit be auctioned .
or they can also bid on the locker.
The auctioneer can also bid.
But they can not say everything but that safe is for sale.
It is everything or nothing.
They can do what they want.
But!  They also know the next auction will not have bidders. 
The other day they opened the door and nothing but file boxes on shelves. It was obvious this was construction company's file room.
They declined to sell the unit.

Great Question!

Yes, the weekend storage auctions are harder to find. I own and operate a storage auction information service in the Houston area. We actually call over 1400 storage facilities twice a month in order to find every storage auction event in our coverage area. Most of the major storage companies do hold their auctions on weekdays. These facilities have larger advertising budgets and typically put their public notice in mainstream newspapers. What I have found is that a majority of smaller independent facilities, especially in rural areas, hold their auctions on Saturdays. Our storage auction schedule usually lists several auctions on Saturdays every week. Most of these independent facilities advertise their auctions in smaller local newspapers and unless you happen to live in that specific area or you subscribe to our service, you would never know they were occurring.

My advice to buyers that live in areas that don't have storage auction information services that cover 100% of all auctions, is to call all of the facilities in your immediate area and get on their auction call list.

   

generally there are about 5-10 storage auction in the Metro Atlanta area every week