What happens after my auction ends?
After your auction on StorageHunt ends, there are specific steps that take place to ensure a smooth and secure process for both facility owners and winning bidders:
Billing the Bidder: StorageHunt automatically bills the winning bidder for the total auction amount, which includes the final bid price and any applicable cleaning deposit. This is done to facilitate the financial transaction.
Holding Funds: The total auction amount, including the cleaning deposit, is held by StorageHunt until the cleanout process has been completed and approved by your facility.
Cleanout Process: The cleanout process refers to the removal of the contents of the storage unit by the winning bidder. This process typically has a specific timeframe during which the bidder must complete it, as specified in your auction terms.
Facility Approval: Once the cleanout process has been completed and your facility is satisfied with the condition of the storage unit and compliance with your terms, you can approve the release of the cleaning deposit.
Funds Release: Upon your approval, StorageHunt releases the funds to the winning bidder. This includes the cleaning deposit, provided that the cleanout has been successfully completed according to your facility's standards.
This process ensures that the financial transaction is handled securely, and the cleaning deposit is held as a guarantee to encourage winning bidders to fulfill their responsibilities in cleaning out the unit promptly and in compliance with your terms and conditions.
If you have any specific questions or need further assistance regarding the post-auction process on StorageHunt, please feel free to reach out to our support team. We are here to help you navigate these processes and ensure a successful auction experience for both facility managers and winning bidders.