Guide 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.

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PURCHASING PROCESS

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.

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1. Register Your Interest

Express your interest in the property you wish to purchase with The OPA, either online or via telephone.

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2. Conduct Due Diligence

Arrange your finances, carry out research, and seek legal or financial advice as required.

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3. Arrange a Viewing

Schedule an in-person or virtual viewing.

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4. Submit an Offer

Make your formal offer to purchase the property. We will negotiate with the seller on your behalf.

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5. Secure Your Property

Enter into the Exclusivity Agreement and pay the Buyer’s Fee upon offer acceptance.

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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.


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