When you arrive at the auction, you will be asked to fill out a Bidder Registration Form and sign a sign-in sheet. While most of the sales will be very similar, some policies will vary by location. Before the sale begins, we will announce any auction rules that you will need to know. If you are a new buyer, please familiarize yourself with the following policies of our auctions.
Frequently Asked Questions
1. What do the times of your auctions mean?
You might have noticed that the times of some of our auctions are only listed 5 minutes apart. We will start at the location with the earliest time and the rest will follow. The times simply show you the order in which the auctions will occur. Your auctioneer will go from sale to sale, but keep in mind that some sales take longer than others and we cannot guarantee what time an auction will begin.
2. Do I need a license to bid at the auction?
No, there are no specific qualifications for you to meet in order to bid. All you have to do is show up and don’t forget to bring CASH.
3. What is the Buyer’s Premium?
The 10% Buyer’s Premium is paid in addition to what you bid. This money goes directly to the auctioneer or auction company and not to the storage facility. Keep this in mind when you are bidding. If you bid $1,000 on a unit, you are actually bidding $1,100.
4. Why do I have to pay sales tax, especially on the Buyer’s Premium?
Because the state in which you are bidding requires it. It is also required that we charge it on the Buyer’s Premium. You should also keep the sales tax in mind when bidding. If you have a Sales Tax Resale Certificate, you must have it on you in order to have the sales tax removed.
5. Will there be a cleaning deposit?
Some facilities will charge a cleaning deposit, usually $50. You will get this money back as soon as the unit is cleaned and swept. If you decide not to clean out a unit that you bought, you will not only forfeit your deposit, you will also not be allowed to bid at any future auctions.
6. Why do I have to fill out the Bidder Registration Form?
The Bidder Registration form you sign basically says that you agree to the terms of the sale. These will include, but are not limited to the policies listed above. You can find a copy of our Bidder Registration Form on our website if you would like to review it prior to the auction.