Saint Paul, MN
Set a Budget - Bid On What You SEE!
This is perhaps one of the most important tips that can be given to people new to bidding on storage units. Cash is the required means of payment for these auctions, which can be helpful in preventing bidders from over-bidding and spending more than they should.
Look Carefully
Before the bidding part of the storage company auction begins, the unit will be opened and the attendees will have a few minutes to look and see what’s inside only on the inspection DATE listed on this auction. This is where your high-powered flashlight will come in handy. It’s a good idea to look carefully and try to determine the value of the unit before you start online bidding.
Taking notes can be helpful, particularly if there are a lot of units to be bid on the day that you attend a K-Bid auction. Make sure to follow the rules of the storage company's auction carefully and refrain from attempting to handle, search through or otherwise touch any of the objects located inside the self-storage unit.
Many of the items in the storage unit will not be visible, particularly if the self-storage space is very full. Attempting to touch or push aside items can be considered trespassing, so make sure you are careful and pay attention to the rules.
Typical Storage Items
When renters put items inside self-storage units, they are storing things that are important to them in one way or another. Some things have sentimental value, while others actually have some financial value. Collectibles, antiques, tools, jewelry, money, electronics, clothing, furniture and other collectibles are frequently found by bidders.
While a flashlight and a good eye will help, remember that you won’t be able to see everything inside the unit. You might catch a glimpse of something, a corner of a desk or the top of a computer, but in most cases you’ll have to wait until you win the storage auction bidding to see what’s inside.
| Bid Range | Minimum Increment | ||
|---|---|---|---|
| $0.01 | - | $75.00 | $1.00 |
| $75.01 | - | $150.00 | $5.00 |
| $150.01 | - | $250.00 | $10.00 |
| $250.01 | - | $500.00 | $25.00 |
| $500.01 | - | $1,000.00 | $50.00 |
| $1,000.01 | - | $5,000.00 | $75.00 |
| $5,000.01 | - | $50,000.00 | $100.00 |
| $50,000.01 | - | $75,000.00 | $250.00 |
| $75,000.01 | - | $100,000.00 | $500.00 |
| $100,000.01 | - | $2,500,000.00 | $1,000.00 |
| Discounted Buyer's Premium | Regular Buyer's Premium | Cap | |
|---|---|---|---|
| 10.00% | 13.00% | $3,250.00 |
This auction is contracted and managed by: AAA Midway Storage
Manager: Dave Tomforde
Cash Only > Removal of unit can be arranged for another day on a case-by-case basis BUT needs to be paid in full on the removal DATE:
Auction Terms Addendum
This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.
Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.
Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.
Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.
Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.
Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.
If bidding privileges are suspended due to unpaid invoices:
Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.
Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.
Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.
