The following points are relevant when you are buying a property at auction:

• Make sure you have inspected the property and carried out your due diligence enquiries
• Ask yourself if you are happy with the condition of the property
• Attend other auctions to get a feel for the auction process 
• Have your solicitor inspect a copy of the contract prior to the auction
• Know your limit
• Make sure your finance is approved
• Bid only what you are prepared to pay
• Remember if you are the successful bidder you must buy the property -  you cannot change your mind.   The contract is unconditional upon the fall of the hammer.