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It's kind of the best deal because you get to "try and buy" - you have basically sussed out all the problems with the property etc - IMHO that in itself takes out some of the risks with the purchase, and worth paying a bit extra for. The Y-man

When we advertised one of our aprtments for auction, one of the (best) offers was from the tenants. We sold it to them on auction terms (unconditional). Saved them moving, and they obviously liked the place. I would certainly let them know you are interested, and what price they are looking...