ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Auction Hunters Guide: Knowing What to Look for in a Public Storage Auction So You Can Maximize Your Profit

Updated on August 31, 2014
Source

One of the key things to making profit (and not losing money) from storage auctions is knowing what to look for when you are auction hunting. Some look for antiques, some look for furniture and some look for high-dollar electronics. No matter what you are looking for though, it helps to know how to spot the good stuff.

Having knowledge of any particular area is always a good thing too, but you don't necessarily need to be an expert to get a good unit. This is assuming that you follow some general auction hunting guidelines.

Keeping in mind that larger, high-dollar items and antiques will turn profit quicker than bags, clothes, etc, here are the main things you should look out for while auction hunting:


Tip

If someone has taken the time to pay for a unit over any long period of time, then it is very likely that the contents are valuable (or sentimental in the least).



1. Date the contents

One thing that you always want to check for with units, is the age of the contents. You should ask yourself these questions:

Is it newer stuff or does there appear to be older stuff in the unit?

Has it been here awhile?

Is it fresh or recently stored?

Is there dust or cobwebs present?

With newer stuff, you are likely to find high-dollar electronics or other new technology items that could be worth some money. With older stuff, you may find antiques that can bring big dollars. Get to know your ages and the difference between new and old stuff so that you can tell just by looking at it whether it is from the 16th century, or the 20th century.




2. Rate the quality of care

A well-kept unit will have neatly packed boxes, plastic wrap or blankets covering furniture. When you see this, it's a good sign because it means that the owner took the time to take good care of their stuff.

If the unit is messy, you see broken items or dirty items, this could be a bad sign. However, there is still the possibility to find some good stuff in a dirty unit, its just rare.


3. Check for bulk and baggage

Does the unit have allot of larger items such as furniture, machines, etc, or is there more boxes and bags?

If the items are larger, you will have to judge based on those items alone how much you are going to bid. Smaller stuff means that there is more chance to find jewelry, money and other small valuables. At the same time, you may wind up with a ton of clothes if there are allot of boxes present. (Remember that clothes do not usually turn profit as quickly)


4. Make sure you can handle it

You do not want to bid on a unit that you cannot clear. If you do not have a truck, do not attempt to bid on a unit with a washer, dryer or other large item that you cannot move. I once found a 10 foot basketball hoop with solid concrete blocks a foot thick and 4 feet across attached to it and had to pay $50 to clear it, so I lost money.



Tip

Always remember to go with your gut instinct, 99.9 percent of the time, you will be right. When in doubt, leave it alone!


5. Spot the names

Always try to read names on boxes, packages, etc, if you can. Being able to recognize top dollar items by their names can earn you some big bucks as well.

You can also use this as a way to tell what kind of stuff is in the unit. For example, if you see boxes labeled, "Kids room" or "Workroom" or perhaps "Office" then you can get a general idea of what kind of stuff might be in the unit.




Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      Sagar 3 years ago

      Yo, that's what's up trlltfuuhy.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)