Open Property Group Reviews & Overview

Regulated by the NAPB and registered with The Property Ombudsman, the Open Property Group must adhere to strict standards when buying properties from customers. They claim to buy properties in as little as 24 hours, and do not charge any associated legal fees or outstanding bills on leaseholds.

Contact Details

Address:

Open Property Group,
Europa House,
Marsham Way,
Gerrards Cross,
SL9 8BQ

Phone:

0208 787 5860

Website:

https://www.openpropertygroup.com/

Who are Open Property Group?

Open Property Group are direct cash house buyers based in Gerrards Cross, Buckinghamshire. The Open Property Group buy any property for cash in England and Wales, including vacant or occupied rental properties and problem properties.

The directors of Open Property Group have over 30 years’ experience in finance, property and debt recovery and have sold over 2000 properties since launching the company. The company work with RICS and national estate agents to provide a valuation of each property, and can pay up to 85% of market value for a property.

What services does Open Property Group provide?

Open Property Group claim to buy any home for cash fast. They’ll offer a obligation-free quote for a property, and pay you – on average – in less than 14 days.

Open Property Group will also buy problem properties, homes about to be repossessed and rental properties with sitting tenants quickly. The company are happy to buy probate properties and commercial properties in England and Wales too.

If you would like to part exchange your property, Open Property Group are also happy to provide this service with zero fees.

How does it work with Open Property Group?

On their website, Open Property Group promise a hassle-free sale. Their process begins with an enquiry – you’ll fill out their online form with details of the property you wish to sell, and send it to the Open Property Group.

Open Property Group then say you will receive an ‘instant’, no-obligation cash offer on the property – however they do not explicitly state the timeframe of this. When you do receive your cash offer, you can choose to reject or accept it.

If you accept the cash offer, Open Property Group will try and schedule a quick visit to check the condition of the property. They state that for landlords with tenants still living in the property in question, a drive-by visit can be arranged instead.

You’ll then receive a final, formal offer and the sales process will begin. All legal fees and any other costs associated with the sale are covered by Open Property Group, and you will be able to control the timeframe for the sale. It can be anywhere from 3 days to 6 months from the exchange of contracts (once contracts have been exchanged, you will no longer be able to back out of the sale).

The cash for your property will then be sent to your solicitor, and then on to you. Open Property Group will make sure you receive the money for your home on your chosen move-out date.

Open Property Group reviews

Open Property Group have been reviewed across several different platforms. We've selected the most reputable to summarise below.

Positives

• Open Property Group will buy any property, regardless of its condition. This includes problem properties suffering with issues like subsidence.
• Open Property Group will also buy rented properties, even if the home in question currently has tenants.
• There are no hidden fees, and all legal and valuation costs are covered by Open Property Group.
• The company are regulated by The Property Ombudsman, and members of the NAPB. Standards have to be consistently high to obtain these accreditations.
• Landlords selling to Open Property Group may also be happy to hear the Open Property Group are members of the Residential Landlord Association.
• If you need a very quick house sale, Open Property Group buy properties in 24 hours if necessary.

Negatives

• You won't receive market value when selling your house to Open Property Group. This is normal for a direct cash house buyer however, and you can expect to receive no more than 85% market value for your property.
• There are only a small number of reviews online for Open Property Group. While the company score highly, there's far fewer reviews available compared to many other UK cash house buyers.

Our Verdict

Open Property Group are a direct cash house buyer with the funds available to buy your home. They can offer up to 85% market value for a home, and will also buy problem properties and homes currently being rented out to tenants. Registered with The Property Ombudsman and members of the NAPB and RLA, they appear to be a reputable company. Reviews on independent review sites show previous customers are largely satisfied with the services Open Property Group provide.