Here are some tips, regarding US Storage Auctions:
-About Storage Auctions: Storage auctions Chicago are held at storage locker unit facilities. When the tenant of a locker defaults on their monthly rent payments, the manager or the owner of the facility auctions off the tenant’s belongings to reclaim some of the rental fees and to clear out the locker. Many people purchase storage unit items to resell valuable items for a profit.
- Illinois Storage Auction Laws: The laws governing storage auctions vary from state to state. For example, some states allow bidders to view the lockers before bidding starts, while some states don’t. Before participating in storage auctions Chicago, make sure you understand what the law stipulates first.
- Where To Sell Storage Auction Contents: The professionals know how to get the most money for their storage locker contents because they have connections with antique dealers or with other interested parties. Some bidders resell their items at local auctions, consignment stores, or they sell their items to interested private buyers via classified ads.
- How To Research Storage Auctions: You can research storage auctions Chicago when you check online. A good online storage site will offer you a generous listing of Chicago storage auctions in the region, as well as a generous listing of upcoming and current auction dates. In short, the website should be constantly updated with current information.
- When To Buy, And When To Pass On A Storage Unit: This is knowledge that will only come to a bidder with time and experience. Although it’s tempting to place constant bids to find hidden treasures, there will be times when it’s just not worth the risk. When bidding isn’t worth the risk, it’s better to walk away than to risk losing money.
- Storage Auction TV Shows, Such As Storage Wars And Auction Hunters: Probably the biggest misconceptions new bidders have is that they will go to storage auctions Chicago and find lots of storage lockers treasures, such as seen on television.
First, the bidders shown on television are professionals. They make things look easy but they have their strategies down to a science. Second, while the professional bidders on TV often make a nice profit on treasures, there are also times when they don’t make any money or worse, they lose hundreds, sometimes thousands of dollars investing in a bad locker.
There are no guarantees when someone places a bid during Chicago storage auctions. However, with time, practice and skill, the chances of losing money on a locker bid is greatly decreased as one’s expertise level grows.
For more information, visit: http://www.usstorageauctions.com