"So if I pay the Option fee today, the seller is legally committed to sell to me at this price and no one else can make an offer, right?"
"Exercising the Option locks the price for you during the Option period — typically 14 days. However, I want to be clear: WAIPA drafts and assists, but I'm not a lawyer. Before you proceed with any Option to Purchase, please have your agent or a solicitor review the terms. They will walk you through your legal rights and the seller's obligations. Want me to book a time for you and your agent to go through this?"