The History of a Storage Auction

The history of a STORAGE AUCTION PRESENTED BY WORTHPOINT THIS SIDE UP YA DAMN FOOL STORAGE AUCTIONS HAVE COME A LONG WAY Storage Auctions have come a long way over the past few years with the rise of hit TV shows such as Storage Wars and Auction Hunters. Just a few years ago, few people even knew these auctions were taking place. But, now they are more popular than ever.. 2012 Modern self-storage facilities did not begin to appear until the 1960s. SALE> SALE 1977 The self-storage industry has been one of the fastest growing sectors of the U.S. commercial real estate industry over the last 35 years. "YESTERDAY. ALL MY TROUBLES SEEMED SO STORED AWAY" 2000 2001 2002 2003 2004 2005 * 3.000 * From 2000 to 2005, over new facilities were built every year. 00 00 At year-end 2009, a total some of 58.000 sell-storage Jacilities 30.235 were owned by companies 2.35 BILLION is the total square footage of self-storage in the U.S., or a land area equivalent to three times Manhattan Island under roof. IN THE US. **** *** ***** ***** ** 1 IN 10 A self-storage facility may hold U.S. households now rent a self-storage unit. STORAGE AUCTIONS to vacate non-paying tenants according to their enforcement rights outlined within the lien law of each state. O For sale! SOLD! CABLE REALITY TELEVISION SHOW! STORAGE WARS In the fall of 2010, two new television programs featuring storage auctions, Storage Wars and Auction Hunters, were released, which helped increase the visibility and interest of storage auctions. No items can be touched or moved until after the auction. The spaces are usually sold "as is". The purchaser of a unit Auction HUNTERS receives everything in it and is responsible for removing the contents within a given time frame, usually a day or two. There are an estimated to DO0-08 storage auctions a year. The average auction contains about 5 – 10 abandoned storage units. What effect has Storage Wars had on the industry? MORE COMPETITION FEWER DEFAULTS GIVING BACK Increased awareness from TV Storage unit owners are more Creation of industry-associated shows equals more bidders aware of the ramifications from charity organizations – to give participating in storage non-payment on their units. to local and national charities at auctions. each auction. Check out this one: www.charitystorage.com The number one question asked by storage unit purchasers is "Uhat are the items in my unit actually worth?" Storage unit purchasers have a few options at their fingertips. GET ONLINE ASK AN EXPERT CRUDE MACHINERY The WorthPoint online Either online or locally. Storage Attaching one's recently platform and iPhone/iPad app unit purchasers can also ask a restored 18th century allows storage unit purchasers WorthPoint Worthologist – a cognition cranial dome to search through 120M+ valuation expert – to appraise (thinking hat!) to the head may items and images aggregated the unique item found within provide some insight as to from online marketplaces and their unit. They can also find a how much that crate of dusty auction houses. They can local expert or appraiser to TY Beanie Babies is worth, perform "self-valuations" on give them a better picture of but it's more likely to give you items found within a storage what their items are worth. a violent, if not fatal, shock. unit – discovering what items Highly unrecommended. are worth at that moment in time and over time. torage auctions have become an explosive trend, and the increased interest in auctions has turned into a logistically problematic situation for some storage facility operators as well as those looking to buy a unit. WorthPoint Corporation recently partnered with Storage Treasures, an advocate for alleviating this logistical nightmare. Storage Treasures is an auction information portal and self-storage locator that serves auction hunters and storage auction schedules throughout the U.S., Canada, Australia and the UK. Find a storage auction in your area today www.StorageTreasures.com. And find out what the items are worth once you purchase a unit! www.WorthPoint.com Presented WORTHPOINT DANIE HAIRE