U-Haul S FederalStorage Auction
Denver, CO 80219
There are no notes for this auction. Please refer to the salebill for more information
Announcement:Information contained herein is presented on behalf of the seller. Schur Success Auction & Appraisal, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.
Storage Auction Terms and Conditions:
This is a CASH ONLY sale, and payment is due IMMEDIATELY when you buy a unit. There is no time to leave and get money. We do NOT accept checks, credit cards, cashier checks, or traveler’s checks. JUST CASH.
You are bidding on the entire contents of each unit. The manager will unlock and open the door to each unit. You will have just a minute or two to look at the contents from OUTSIDE the unit. You may not enter. A flashlight would be helpful.
The entire contents of the unit will be sold, and the winning bidder must take everything out of the unit, leaving it broom-swept so that it can be immediately re-rented. You may not use the dumpster on site. You will have 24 hours PER UNIT for removal. If you buy 3 units, you’ll have 3 days. Some locations will gladly work with buyers of large or multiple units.
There are no guarantees or warranties on anything in the unit, so BUYER BEWARE.
Unless you have a copy of your resale exemption certificate with you, you will be charged sales tax. In most cases, you will also be required to post a $100 cash deposit. This deposit will be returned if the unit is emptied and cleaned within the time line established for each location. If you fail to clean the unit out, you will forfeit the deposit.
There is no smoking at storage auctions.
Announcements made at the time of the auction supersede any printed announcements.
There's a BIG difference... but let's start with the laws. The UCC, or Uniform Commercial Code specifies what an auction is, what auctioneers can do, and in some cases, what they can't. It clearly defines how auctions work. In 2-328(3), the law spells out that all auctions are "with reserve", unless specifically advertised as "absolute". Simply put, that means all auctions have a minimum price, even if not published or announced. That also means that the auctioneer can accept or reject any bid at his or the seller's discretion. This also means the auctioneer can determine what bid increments he or she is using or willing to accept. For example, if the auctioneer is calling for $1,000 and then $1,100, it's perfectly acceptable to reject a bid at $1,025. However, an absolute auction means the auctioneer MUST sell the item once the bids are opened. There can be no restrictions, no minimums, and no option to reject bids. (There is some question as to the bid increments, and if auctioneers have the right to choose the increment at all). An auctioneer can cancel an absolute auction before it starts, but once the bids open it must sell, regardless of price. That means if the auction brings a really poor crowd, and the bidding is really low, it will have to sell anyway. There is an advantage to using absolute auctions: The guaranty that the asset will sell. This means buyers know they won't be wasting their time. They know their efforts to bid will be worthwhile if they have the high bid. In general, absolute auctions seem to bring higher prices. This also represents a risk to the seller... not getting their expected price. There is a consumer caution we'd like you to know about. Some auctioneers try to get around the rules by saying that the auction is "Absolute, IF...." If we reach a certain bid, if the seller agrees, if, if, if. There are no "if's" in an absolute auction. It MUST sell. Some auctioneers try to be creative and say "ABSOLUTELY will sell if the minimum is met. In our opinion, this is unethical and deceiving. An absolute auction is just that, absolute. At Schur Success, we'll never try to deceive. Almost all of our auctions are reserve, including storage auctions. When we do run absolute auctions, we're very clear. We won't deceive. There won't be any fine print. We'll simply tell you up front. Questions? Give us a call ay (866) 290-2243. We want you to be informed.