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When you find a house at auction, you will immediately think about the loss that the owner of the property must have gone through for the property to come for public auction. Auctions have grown to be very common these days as a result of financial crunch that came forth in the recent past leaving a lot of property owners to take this bitter decision. We can see auctions among the methods that are in practice for selling and buying properties.Mostly auctions are believed as loss for the house owner and a large gain for the ones who take the house in auction to get the best bid. But the actual truth is that there are equal possibilities for the seller and the buyer to take pleasure from profit if they follow a few points while managing a property auction. But the saddest point is that oftentimes neither the buyer nor the seller gets profit but the agent who makes the very best use of the situation gets the best revenue. wright properties is a real blunder if you allow third party to earn money without any actual work done on the whole process. You will have to be well informed in regards to a few points and tips to follow even before you plan to put your bid at a Property auction.Before the Auction you will have to keep yourself informed about the actual rate of a similar property at exactly the same location. Do a proper property valuation check before you buy or sell your property. Don't let people to under estimate the property value if you are the seller or the brokers to over value the property in case you are the customer.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 place your bid. When you wish to buy a property you will have to find out about the repair works that should be done for the property after buying it. Do a rough calculation of the estimated amount that you'll have to spend on the property after you buy it in the auction. See if cheshire auctions falls within your budget, this will 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 you can expect from the property after you repair it. Check when there is any major local development that might affect the property that you will be going to place the bid for. During the auction, always make an effort to make note of another auctioneers moves to be able to place your bid effectively and never turn emotional. Keep yourself calm and plan thing well before you place your bid.