With a great full-service auction company such as like North by Northwest Estate Sales, Services & Auctions in charge, storage auctions are a quick and easy way for storage companies to turn abandoned units around to make profit again. Besides allowing storage businesses to recoup losses, they also provide an opportunity for enterprising individuals to make some money. It’s a win-win situation for all.

To get started with liquidating storage units which have gone to lien, or to learn more about storage auctions in your area, we encourage you to reach out.

Give Us A Call Today To Get Started With Storage Auctions

Indoor storage units in a warehouse

Give Us A Call Today To Get Started.

Looking for Storage Unit Auctions?

If you are hoping to find a storage auction near you, please feel free to reach out and see what we have scheduled. You can also check common self-storage unit auction sites to keep up to date.

Storage units in two rows

Before You Go: the Rules of a Self-Storage Auction

Storage unit as it would look in a storage auction

While every auction may look a little different, there are some general rules you should be aware of. If you have any questions, don’t be afraid to ask the auctioneer who is managing the storage auction event.

  • Bidding is done on complete storage units as a whole
  • The only information given about the contents of a unit is what can be seen when the door is opened – no picking through the items can happen until a sale is finalized
  • The unit is sold to the highest bidder, who must pay cash upon winning
  • Winners will have a predetermined amount of time to have everything in the storage unit cleared out
  • Personal items must be returned to the storage company so they can be given to the previous owner
  • Firearms must be relinquished to law enforcement

Please note that when you take ownership of the contents of a storage unit, you will have a predetermined time to clean it out. Make sure you have time to pick through what you find and dispose of whatever you choose not to keep.

Also note that while the hope is that you will come upon something valuable, it can take some effort and know how to turn a profit on the contents of a storage unit. It’s not quite as straightforward as the story you might see on TV. While there is opportunity, there are no guarantees in storage auctions.

How Storage Auctions with North by Northwest Estate Sales, Services & Auctions Work

As a storage auction services team, we manage storage auctions from start to finish. Here’s an overview of what we do, after storage units which have been abandoned are identified and the proper paperwork is filed to ensure that the contents of all units can legally change hands. Once everything is documented, we:

  • Effectively advertise for the auction, particularly on relevant websites
  • Handle crowd management
  • Manage the exchange of money and the filling out of proper paperwork
  • Hand over ownership to the buyer so they can start cleaning the unit out

If you represent a storage company and are needing to clear the contents of some of your self storage units, please reach out with any questions or inquiry. For a negotiated fee, we manage everything.

Storage units that are part of crates

Give Us A Call Today To Get Started.

Storage Auctions FAQ

Let us know if you don’t see your question below, or if you’d like more information. We’d love to chat!

When all applicable laws are followed, the buyer of a particular unit’s contents remains anonymous. This is a good reason to trust your storage unit auctioneering to a professional team.

Typically, a self storage auction will take place when a renter has failed to pay their bill for the time legally required to allow the storage unit owner to take legal possession of the content of their units. At this point, the unit is considered abandoned and the storage unit company will then arrange for an auction to take place to recoup its losses and free up space.

The auction process is straightforward, each unit taking only a few minutes in most cases.

A storage unit auction is arranged with an auction company like North by Northwest Estate Sales, Services & Auctions, who advertises and manages the event. Interested buyers are taken from unit to unit. Each unit is opened up and the contents sold as a group based on what can be seen. Payment must be presented at the time each unit is won, at which point ownership can be transferred and the new owner begins to clean it out. Monies are then divided per the agreement between the auction company and the storage unit company.

Interested in Storage Auctions?

Contact Us Today to Learn More

We’re ready to Help!

Get In Touch With NXNW

Serving the entire Portland & Vancouver area from Longview to Salem