Sold STC and Reserved properties

Under Offer

Used to indicate that an offer has been made, but not yet accepted. Or the property owner has accepted an initial offer from the buyer, but the paperwork has not yet been completed.

Reserved real estate

New construction property is reserved when the buyer of the property pays a reservation deposit to obtain it. The buyer generally owns the property for the period stipulated in the reservation receipt

You can still inquire about a property under offer or a property held without a contract because the sale is not completed until contracts are signed or a deposit is technically paid and the property is still available.

It may still be worth contacting the real estate agent to discuss what an acceptable offer is, especially since there is no legal obligation on the property owner or buyer to complete the sale. On average, about 15% of properties sold return to the market after a failed sale.

The system of buying and selling real estate in Egypt requires that once the down payment is paid, it is legally binding throughout the period agreed upon in the down payment contract.

If they do not complete the contracts, the property becomes available again.

Reserved properties are generally withdrawn from sale and are often not subject to any price increases.