When you find a property at auction, you'll immediately take into account the loss that who owns the property must have gone through for the property to come for public auction. Auctions have grown to be very common these days due to the financial crunch that came forth recently leaving a lot of property owners to take this bitter decision. We are able to see auctions among the methods that are used for buying and selling properties.Mostly auctions are believed as loss for the house owner and a big gain for the ones who take the property in auction to find the best bid. But the actual truth is there are equal possibilities for the seller and the buyer to take pleasure from profit if they follow several points while managing a property auction. But the saddest point is that in many cases neither the buyer nor owner gets profit but the agent who makes the best use of the problem gets the best revenue. marshall auction can be a real blunder if you let the third party to make money without any actual work done over the whole process. You will need to be well informed about a few points and tips to follow even before you intend to place your bid at a Property auction.Before the Auction you will need to keep yourself informed about the actual rate of a similar property at the same location. Execute a proper property valuation check before you buy or sell your property. Don't allow people to under estimate the property value if you are the seller or the brokers to over value the house in case you are the buyer.If you are likely to buy a property, study about the property and find if it's useful for your and if it is your kind prior to going for a property auction to put your bid. When you wish to buy a property you will need to learn about the repair works that needs to be done for the house after buying it. Execute a rough calculation of the estimated amount that you'll have to spend on the house after you buy it in the auction. See if the total amount falls within your budget, this can avoid any financial scarcity. If you're planning to earn some money out of the rent that you may get from the building, do talk with people about the area value and the possible level of rent that one could expect from the property once you repair it. Check when there is any major local development that might affect the property that you will be likely to place the bid for. Through wright properties , always try to make note of the other auctioneers moves to help you place your bid effectively rather than turn emotional. Remain calm and plan thing well before you place your bid.