tclane,

You know exactly what you are talking about. All I have to tell you is make sure you do your hw if you want to start something like this.

You have spoke with the MANAGERS of the the facilities, who have nothing to do with how the auctions are handled. The turn around process for the facilities is actually quicker because most facilities only hold auctions twice a year. With our concept the facilities can post their auctions throughout the year without having to wait. Just because some of the bidders, like yourself may not like the concept, it will be the norm in the future.

Hey everyone,

Just to answer some of the concerns.

The 5 dollar fee is required by Storage Auction Depot to verify the bidders who are bidding are willing to pay. We are constantly asked by storage facilities how are they guaranteed to get paid. We want to make sure the individuals who sign up are actual storage bidders. Any storage bidders is willing to pay 5 dollars to have access to some amazing units.

We changed the minimum bid increment to now 5 dollars like one user suggested.

As seen in the auction rules, what you see in the pictures is what you get. The hold on the money for 72 hours is to protect the buyer from fraud, otherwise there is no way to protect the bidder from fraud. The money is not being floated, just held.

The commission fee is not paid by the bidder. We take the commission fee out of the final sale price before we give the seller their money, just like normal auctions.