When most people think of auctions, Ebay would probably the first thing that would register in their minds. As online auctions grow in numbers everyday some people are venturing into different venues for auctions.

Storage Unit Auctions have been occurring since the days of the first storage yards existed. Typically storage auctions take place at an actual storage facility in any city during different times of the week. Customers that do not pay their monthly storage fee, forfeit their units and the facility has the rights to sell the goods of the unit in order to make back the lost revenue from the non-paying customer.

If a person wants to locate and track specific storage unit auctions, they could use sites like PoliceAuctions.com. When using PoliceAuctions.com a subscriber is be able to locate auctions from San Diego, California to New Jersey and everywhere in between. PoliceAuctions.com is one of the largest government data publishers with over 2.7 million subscribing members. However, PoliceAuctions.com is not limited to government auctions; the site also provides its members access to non-government auctions, IRS/DEA seized property, foreclosure properties, unclaimed money, and of course, storage unit auctions.

According to a recent report on NPR, in certain unit auctions, some bidders have paid as little as a few dollars for a unit and turned around and sold the contents for hundreds to thousands of dollars. Some of these auctions produce expensive antiques, China, cash, and motorcycles.

Auctions sell units as low as $5.00 and some as high as a few thousand dollars. It all depends on the contents of each unit. When auctioneers roll open the doors on a unit, bidders are given a few minutes to look at the contents of the unit. Bidders are not allowed to step beyond the threshold and are not allowed to touch anything. Once the inspection is completed, the doors are closed and the bidding begins.

These containers have the usual items of business and home goods such as furniture, beds, clothing, appliances, books and the like. On occasion power tools and hand tools as well as machine parts have been found in containers.

Storage unit auctions can be a hit or miss, some have been able to make their money back by selling the goods purchased and others have lost money due to the fact the unit they bought didn’t yield items with high enough value. Even though these types of auctions can be much like Christmas, not knowing what you’re going to get, they provide a different way to bid and their popularity is increasing as more and more people learn about them.

For more information on storage auctions, Visit PoliceAuctions.com

Source: www.articlebiz.com