TCL Media Group, a developer of websites focused on self-storage auctions, has launched VirtualStorageAuction.com, a free listing service for self-storage lien sales. Units can be listed by storage facilities, auctioneers or private sellers, and bidders can use the site to research available units before placing an online bid.
Online auctions enable self-storage operators to recover 25 percent to 100 percent more than traditional in-person auctions, company officials said. In addition to units put up for lien auction by storage facilities, the website also lets private sellers place their units for sale to avoid foreclosure or sell unwanted items. The site also enables facilities to hold a virtual auction concurrently with an onsite auction.
In additions to free listings, bidders can join the website without registering a credit card.