Online storage auctions have grown in popularity in recent years. This is, in part, related to the developments of internet technology including the introduction of smartphones and tablets. Internet auction platforms mean people can now bid on items from the comfort of their living room without having to rummage through cramped storage units.
Storage auctions can be a great place to find bargains. Storage companies auction off the belongings of a unit when the owner fails to pay rental fees. Traditionally bidders enter the unit and bid on items on-site, which can often be a loud, busy and altogether chaotic experience.
Due to an ever growing tech-savvy population, storage auctions have now gone online as well, and have proved very popular. People are well accustomed to scouting out bargains online and virtual storage auctions are no exception. In fact, online auctions can often earn twice as much as onsite auctions for sellers.
So what are the core benefits of an online storage auction for the ordinary buyer?
Attending an online storage auction is simply a matter of sitting in your favourite chair and opening up an app or browser window on your laptop, tablet or smartphone. Everything is a finger click away. While eventually you’ll need to collect the items bought, the actual process of selecting and buying can be done from anywhere.
2: More Choice
Storage auctions online allow you to quickly browse through many different auctions taking place in the local region and beyond. This provides a great overview of options rather than driving from one unit to another by car. Not only do you save money on gas but also you avoid wasting time with obviously unsuitable auctions.
3: No Crowds
Auctions of any kind can be a rough and tumble affair and this is especially the case with storage unit and garage auctions. A virtual storage auction does away with the need to manually explore the contents of a unit with other people vying for the same items. This is especially beneficial for bidders and bargain hunters who are elderly, disabled or infirm.
4: Fewer Time Restrictions
Online storage auctions can run for weeks at a time and are open twenty-four seven until the published end date. This allows bidders to bid at any time of day or night. Traditional storage auctions are open for limited hours each day which can be difficult for some people to get to, due to work or family constraints. The virtual auction allows everyone to bid, even from bed in the early hours of the morning.
In the loud excitement of a traditional auction, prices can skyrocket as people try to outbid one another. There’s a certain rivalry to be had when you can see fellow bidders face-to-face. An online auction takes away part of that adrenaline rush and time anxiety, and allows for more considered bids over a longer time frame. This means cheaper overall prices and better deals.
Plus, as mentioned previously, there’s less wasted gas and time from driving between auctions.
Online storage auctions can be accessed from a variety of devices. This allows for more and more people to make bids which not only benefits bidders but also sellers. As technology develops even further, it’s safe to say online auctions are here to stay.