Guide To BuyingGuide To Buying
A Guide to Buying A Property With The OPA
The OPA offers a favourable and simplified route to buying a property. Our process has been refined to ensure seamless and hassle-free acquisition of properties for our customers.
How It Works
We have refined and streamlined our process of purchasing and selling a property to ensure speed, efficiency, and simplicity for all parties.
1. Register Your Interest
Express your interest in the property you wish to purchase with The OPA, either online or via telephone.
2. Conduct Due Diligence
Arrange your finances, carry out research, and seek legal or financial advice as required.
3. Arrange a Viewing
Schedule an in-person or virtual viewing.
4. Submit an Offer
Make your formal offer to purchase the property. We will negotiate with the seller on your behalf.
5. Secure Your Property
Enter into the Exclusivity Agreement and pay the Buyer’s Fee upon offer acceptance.
6. Exchange and Complete
Finalise the purchase within the exclusivity period, exchange contracts, take ownership of your new property.
Buyer’s Fee
We charge a one-off buyer’s fee to secure the property, removing it from the market. Upon paying the fee, buyers can rest assured that no other offers will be accepted, and both parties are in contract.
The buyer’s fee is a crucial part of The OPA’s innovative property purchasing process. It is set at 2% of the purchase price (subject to a minimum fee of £3,999, inclusive of VAT). Upon offer acceptance, you will enter into a legally binding Exclusivity Agreement with the seller. This agreement grants you the exclusive right to purchase the property during a specified exclusivity period, generally lasting up to eight weeks.
Key Points About the Buyer’s Fee
- The Buyer’s Fee is payable upon offer acceptance and is non-refundable.
- The fee secures the transaction and takes the property off the market.
- It is not subject to a cooling-off period and is refundable only under the terms stated in the Exclusivity Agreement.
- The Buyer’s Fee is paid in addition to the property purchase price and may form part of the chargeable consideration for Stamp Duty Land Tax (SDLT) liability.
- During the exclusivity period, no other offers can be accepted for the property, giving you the security and time needed to exchange and complete the transaction.
Benefits of the Exclusivity Package
Secure Your Property Immediately
Lock in your purchase and remove the property from the market.
Transparent and Risk-Free Process
No risk of gazumping or competitive bidding. Minimises the likelihood of transaction fall-throughs.
Fixed Exclusivity Period
Enjoy a clearly defined timescale to complete the purchase (usually eight weeks).
Streamlined Purchase Process
Similar to a conventional sale with additional measures to protect both buyer and seller.
Contact us
For all enquiries, please call, email, or fill out the contact form and one of our team will be in touch shortly.
