marcn
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posted on May 6, 2001 02:33:47 PM
Is anybody here using Storage Lien Auctions as a vehicle to acquire merchandise for sale on eBay? This is something I have been considering and will start attending some of these auctions next week.
marcs-garage
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dman3
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posted on May 6, 2001 02:36:44 PM
Only problem with these is that you have to buy the whole content of the unit basically site unseen.
http://dman.Dman-N-Company.com
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marcn
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posted on May 6, 2001 02:43:42 PM
That is true, but the chance to reap a big profit is there.
marcs-garage
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RM
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posted on May 6, 2001 02:56:49 PM
The rules involving buying at storage auctions vary from area to area. Most storage auctions in my area do not rquire buying the entire unit(s) sight unseen. The contents of the units are brought out and the items are sold individualy. I've bought lots of items this way and it is a really good way to aquire items for resale.
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PaladinLvs
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posted on May 6, 2001 02:58:58 PM
Nawww! None of us here are using storage lien auctions as a source for our ebay goods!LMFAO!!!!
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PaladinLvs
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posted on May 6, 2001 03:06:49 PM
These work out good and in my case it's better if whole contents are sold for one price. What is not appropriate for on-line I move thru local live auctions, classifieds, pawn shops etc. The rest goes in the dump! Usually I bid only on what I can see and I have never lost money on this type of buy.
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blueyes29
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posted on May 6, 2001 03:30:49 PM
I think in this area you buy "sight unseen." A friend of mine recently bought a "lot" from a storage sale. To his surprise, included was a whole bunch of drug-related items...no actual drugs but lots of paper indicating contacts, prices, addresses, etc.! He turned it all over to the police. I don't know what else he might have acquired but it was certainly more than he bargained for!
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jrb3
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posted on May 6, 2001 03:57:02 PM
Only problem is people who work there often go through the stuff first and snag the real good stuff.
I used to work next to a U STORE IT and every six weeks when they were clearing unpaid areas (6 months or so unpaid rent) since the whole lot was sold unseen, we would simply cut the padlock grab the good stuff and pop a new lock on.
When the items were sold they were sold by size of storage area, after you bought it someone would go with you and cut the lock off.
If you can see what you are getting go for it but as for sight unseen be careful
Joe B
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rarriffle
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posted on May 6, 2001 05:23:33 PM
I have been to 2 different kinds in my area. One where they took the items out and sold each box or item separately. Another where they open the door, you have 3 minutes to look from the open door, then you bid.
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gravid
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posted on May 6, 2001 07:19:30 PM
Here in MI they open the door and you bid based on what you see.
Sometimes it is stacked to the door like a wall and you have 20 feet deep and ten foot wide of unknown. Those seem to bring more money than the ones you can see. I have seen them go for $500 that you have no idea what is in it.
I have bought rooms where it was all garbage bags or cardboard boxes for $1.00
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naru
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posted on May 6, 2001 07:31:39 PM
I have always been tempted to go to storage auctions, but they make me feel bad. There is always a touch of "vulture" in attending auctions (which I do regularly) but with the storage auctions I always
think about some poor sap losing everything they own because they can't make the rent. Maybe I'm the sap. Don't say it, just don't say it.
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gravid
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posted on May 6, 2001 08:26:03 PM
My wife feels the same about estate sales.
I bought a locker once that was sad.
The couple had two kids - both had asthma medication and the parents both smoked.
They had all sorts of books on re-igniting their marraige including how to sex tapes but books on should you break up.
They both had low paying jobs in food service but bought all kinds of expensive Disney junk and cartoon clothing for the kids. They had all sorts of religeous medals and scheduales for religeous retreats but they also had dope pipes for crack and stuff to use pot.
They had all kinds of credit cards but on low paying jobs they had stuff from Las Vegas casinos. One of the adults was also a diabetic.
It was no mystery at all looking at their stuff why their life was messed up. They had seriously divided priorities.
[ edited by gravid on May 6, 2001 08:36 PM ]
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paislydaisy
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posted on May 6, 2001 08:52:03 PM
I went to one yesterday. They held it in a huge store room. They had everything displayed on tables, tons of Waterford glass. They also had the furniture set up in "rooms". The going prices were pretty cheap. Too bad I had an appointment and had to leave before they got to the good stuff.
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