Tips for Buying at In-Person Auction?

[Monica Morff]

I am wondering if anyone has any tips for buying a property at auction. I have never been to one before (though trying to arrange to go to one and watch before the one I actually want). I am a bit nervous about being outbid, but the auction is a rural property being sold via estate auction, not foreclosure. Any tips about how to value the property, bidding strategies, etc. would be appreciated!