Most askedquestions

FORSA is a platform that connects property owners who want to transfer their existing property contracts with buyers looking for opportunities to step into those contracts.

FORSA brings the property information, financial position, verification, buyer and seller journey, and applicable developer transfer requirements together in one place.

A property contract transfer, also known as an assignment, is the process of transferring the rights and obligations under an existing property purchase contract from the current buyer to a new buyer, subject to the applicable developer requirements and approval.

Instead of cancelling the existing contract, the current owner may transfer it to another buyer who takes over the remaining contractual obligations.

A normal resale generally involves selling a property and transferring ownership through the applicable legal process.

FORSA focuses on existing property purchase contracts, including properties that may still be under construction or being paid for through installments.

The buyer steps into the existing contractual position, subject to the developer's approval and applicable transfer requirements.

For sellers: provide your property and contract information, complete the required assessment and verification process, and allow FORSA to present the opportunity to suitable buyers.

For buyers: explore available opportunities, compare properties, understand the financial position and express interest in the opportunities that suit you.

Once a buyer and seller agree to proceed, FORSA facilitates the required process through the applicable developer transfer procedure.

No.

FORSA does not own the properties or act as the seller of the listed properties. The properties and contracts are offered by their respective owners or contract holders.

FORSA provides the platform and transaction-support process that facilitates the transfer.

Potentially, yes.

FORSA can facilitate opportunities involving properties that are still being paid for or have not yet been delivered, provided the existing contract permits transfer and the developer's applicable requirements can be satisfied.

FORSA is designed for property owners looking to transfer existing purchase contracts, buyers looking for opportunities to acquire existing contracts, and developers managing assignment or transfer requests.

Eligibility depends on the property, contract, developer requirements and applicable regulations.

FORSA is a technology-enabled platform designed to facilitate property contract transfers and connect sellers and buyers.

FORSA's role, including whether any brokerage or agency activity applies to a particular transaction, is governed by the applicable legal and regulatory framework.

Cancelling a property contract may involve penalties, cancellation charges or the loss of part of the amount already paid, depending on the contract and developer policies.

FORSA gives you an alternative: explore whether your existing contract can be transferred to another buyer.

The actual outcome depends on your contract, the developer's requirements and successful completion of the transfer.

Yes.

The Know You're Selling FORSA assessment is designed to help you understand your position before you commit to transferring your property contract.

You can provide information about your contract, payments and potential cancellation position and receive an indication of how an assignment may compare with cancellation.

Completing the assessment does not commit you to selling.

0% price over means that the seller does not add a premium to the amount already paid under the existing property contract.

For example, if the verified amount paid under the contract is EGP 2,000,000, a 0% price-over opportunity means the buyer pays EGP 2,000,000 to the seller rather than an additional seller-created premium.

Other applicable fees, such as FORSA or developer fees, may still apply.

FORSA's core proposition is based on 0% price over.

The seller does not add a premium to the amount already paid under the existing contract.

The seller may still be responsible for any applicable contractual, developer, administrative or transaction-related obligations.

Listing your property on FORSA is designed to be free for the seller.

Any fees applicable to a completed transaction will be clearly communicated before you proceed.

FORSA's model is designed so that the seller does not pay a transaction commission.

The applicable FORSA platform/service fee is charged to the buyer according to the fee structure disclosed on the platform.

You will generally need to provide information such as:

• Developer and project
• Unit/property details
• Original contract value
• Amount paid to date
• Remaining balance
• Installment schedule
• Payment status
• Relevant contact information

Supporting documents may include:

• Original purchase contract
• Payment statements or receipts
• Identification documents
• Developer correspondence
• Other documents required to establish the contractual position

FORSA will identify the specific documents required for your opportunity.

FORSA reviews the information and supporting documentation provided by the seller.

This may include the original contract, payment receipts, developer statements and other relevant records.

Where appropriate, information may also be confirmed with the developer.

The amount paid and remaining balance displayed for an opportunity are subject to the applicable verification process.

The process generally follows:

FORSA may request additional information or documents during the process.

Not all personal information is made publicly available.

FORSA is designed to present the relevant property and financial information needed by potential buyers while protecting personal information in accordance with FORSA's privacy and data-protection policies.

Information may be disclosed to relevant parties when necessary to facilitate a transaction and subject to applicable requirements.

Where the applicable FORSA process allows it, you may be able to keep an opportunity private while information is being reviewed or while suitable buyers are being identified.

The available options depend on the stage of the transaction and the information required to proceed.

You can discuss your options with FORSA before entering into a binding transaction.

Once a transaction has progressed to a formal agreement or transfer process, your rights and obligations will depend on the documents and agreements applicable to that transaction.

There is no guarantee that every listed opportunity will result in a completed transfer.

If a suitable buyer is not found, the property remains subject to the seller's existing contract and obligations with the developer.

There is no single timeframe that applies to every transfer.

Timing can depend on the developer, documentation, payment status, buyer qualification, developer approval and administrative processing.

FORSA will provide the most accurate available timeline for the specific opportunity.

FORSA focuses on opportunities involving existing property purchase contracts.

Available opportunities may include apartments, villas, chalets and other property types, depending on the inventory available on the platform.

When buying directly from a developer, you generally enter into a new purchase contract based on the developer's current pricing and payment terms.

Through FORSA, you may instead step into an existing purchase contract.

This may provide access to an existing contractual position without a seller-added premium, subject to applicable fees and developer approval.

It means the seller does not add a premium to the amount already paid under the existing contract.

This allows you to evaluate the opportunity based on the existing contractual position rather than paying an additional seller-created premium.

Other applicable fees may still apply.

The original contract price is the value stated in the existing purchase agreement between the original buyer and the developer.

It is not necessarily the current market value of the property.

FORSA displays relevant financial information so you can compare the existing contractual position with available market information.

The amount depends on the specific opportunity.

FORSA is designed to show:

• Amount payable to the seller
• FORSA fee
• Applicable developer/administrative fees
• Total cash required at transfer
• Remaining amount payable to the developer

Always review the complete financial breakdown before proceeding.

Depending on the transaction, the buyer may be responsible for:

• FORSA platform/service fee
• Developer assignment or transfer fee
• Administrative fees
• Bank or transaction charges, where applicable

Applicable fees should be disclosed before you commit to the transaction.

The remaining contractual obligations generally continue with the developer after the transfer, subject to the developer's approval and the terms of the transferred contract.

The buyer assumes the applicable remaining payment obligations.

Yes.

You can browse and filter available opportunities by relevant criteria such as developer, project, location and property type.

FORSA's buying journey can also help identify opportunities based on your budget and financial preferences.

FORSA reviews information provided by sellers and supporting documentation as part of its verification process.

Where applicable, relevant information may also be confirmed with the developer.

FORSA may also verify the seller's contractual position, payments made, remaining balance and applicable transfer requirements.

Where appropriate, FORSA can facilitate communication between the buyer and seller.

For completed properties, inspection may be possible subject to the property's circumstances. For properties under construction, access may be restricted by the developer or site conditions.

FORSA verification is not the same as developer approval.

Where developer approval is required, the transfer cannot be completed without it.

The treatment of any funds already paid will depend on the transaction agreements and applicable escrow or payment conditions.

Expressing interest does not necessarily mean that you have entered into a binding purchase agreement.

The consequences of withdrawing will depend on the stage of the transaction and any agreements you have signed.

Before making a binding commitment, FORSA will identify the applicable terms and conditions.

Depending on the opportunity, FORSA may verify:

• Property details
• Original contract information
• Seller's contractual position
• Payments made
• Remaining balance
• Installment schedule
• Developer requirements
• Transfer conditions
• Supporting documentation

The specific verification level may vary between opportunities.

FORSA Verified means that FORSA has reviewed the information and documentation specified as part of its verification process for that opportunity.

It does not mean that FORSA guarantees the property's value, future performance or developer approval.

Developer Confirmed means that the specified information or requirement has been confirmed by the relevant developer or through an appropriate developer source.

The exact information confirmed will depend on the opportunity.

No.

FORSA verification is not the same as developer approval.

FORSA can review and prepare an opportunity, but the transfer remains subject to the applicable developer requirements and approval process.

Where the developer's process requires approval, yes.

The buyer may need to satisfy the developer's applicable qualification, documentation and payment requirements before the transfer can be completed.

Any known additional requirements or fees should be identified as part of the transaction process.

Where a developer has requirements that affect the transfer, the buyer and seller will need to satisfy them before completion.

Developer transfer fees are separate from the property price unless explicitly stated otherwise.

The legal validity of a particular transfer depends on the applicable contract, developer procedures and relevant laws and regulations.

FORSA facilitates the process and organizes relevant information, but users should obtain independent legal advice where appropriate.

Payment arrangements depend on the transaction structure and applicable agreements.

Where an escrow arrangement is used, the relevant funds are handled according to the agreed escrow terms and release conditions.

The applicable payment process will be communicated before the transaction proceeds.

Escrow provides a controlled mechanism for holding relevant funds while agreed transaction conditions are being completed.

Funds are released according to the applicable escrow terms rather than simply being released immediately upon payment.

The seller's funds are released when the applicable conditions for release under the relevant escrow or transaction arrangement have been satisfied.

The exact conditions depend on the transaction structure and applicable agreements.

If a transfer does not proceed, the treatment of funds depends on the reason for the failure and the terms of the applicable agreements and escrow arrangement.

FORSA will facilitate the process and communicate the applicable next steps.

FORSA does not necessarily hold transaction funds itself.

Where an escrow arrangement is used, funds are held through the designated escrow structure and handled according to its applicable terms.

Additional bank, payment, escrow, developer or administrative charges may apply depending on the transaction.

Any known applicable charges should be disclosed before you proceed.

The parties move into the formal transaction process, which may include:

• Confirming the agreed terms
• Completing buyer and seller verification
• Completing required documentation
• Establishing the applicable payment/escrow arrangements
• Meeting developer requirements
• Obtaining developer approval
• Completing the contractual transfer

The documents required depend on the developer and transaction.

FORSA can coordinate the documentation process and identify the required documents, while the developer and relevant legal or administrative parties remain responsible for documents within their respective processes.

This depends on the developer's procedure.

Some developers may issue a new contract or amendment, while others may use an assignment or transfer document connected to the original contract.

The buyer becomes the new contract holder when the applicable transfer process has been formally completed and recognized by the developer and/or relevant parties according to the applicable contractual procedure.

Simply paying the seller or expressing interest does not complete the transfer.

The party responsible depends on the transaction terms and the applicable developer policy.

Any applicable fee should be identified before the parties commit to the transaction.

There is no universal timeframe.

It depends on the developer, documentation, payment status, buyer approval and the developer's internal procedures.

FORSA will communicate the available expected timeframe for the specific transaction.

This must be identified before the transaction proceeds.

Outstanding or overdue payments may affect the developer's willingness or ability to approve the transfer and may need to be settled or otherwise addressed according to the developer's requirements.

FORSA will seek to facilitate communication and provide information relevant to the transaction.

However, FORSA is not a substitute for independent legal advice or the formal dispute-resolution mechanisms contained in the relevant agreements.

A transaction is considered complete when the applicable contractual transfer requirements have been fulfilled, the developer has completed its required approval/transfer procedure and the relevant documentation and payment conditions have been satisfied.

Expressing interest, agreeing on a price or making an initial payment does not by itself constitute completion.

FORSA provides developers with a structured channel for managing property contract transfers while keeping the developer involved in the process.

FORSA can help developers:

• Identify potential replacement buyers
• Organize seller and property information
• Improve transparency around assignments
• Coordinate transfer requirements
• Reduce friction in the assignment process
• Access market intelligence about assignment activity

No.

Where developer approval is required, FORSA does not bypass the developer.

FORSA facilitates the process while the developer retains control over its applicable approval and transfer requirements.

FORSA can collect relevant buyer information, including financial preferences, property requirements and other information required for the applicable transaction.

Where developer approval or qualification is required, the buyer remains subject to the developer's own approval criteria.

FORSA is designed to complement, not bypass, the developer's existing assignment procedures.

FORSA can help organize the information, identify potential buyers and coordinate the required steps, while the developer retains its own contractual and approval process.

Yes.

FORSA can record developer-specific requirements such as:

• Transfer eligibility
• Required documents
• Approval procedures
• Transfer fees
• Payment-status requirements
• Buyer qualification
• Expected processing timelines

Yes.

FORSA's market-intelligence capability can provide information about assignment activity, project availability, transfer requirements and other relevant market observations.

Over time, this can help developers understand where assignment pressure and demand are occurring across their portfolios.

Yes.

FORSA can work with developers to establish a structured relationship covering information verification, transfer processes, buyer qualification and market intelligence.

The specific scope of a partnership would be agreed between FORSA and the developer.

Depending on the scope of the relationship, FORSA may require:

• Assignment/transfer policy
• Eligible projects and units
• Transfer fees
• Required documents
• Payment requirements
• Buyer qualification requirements
• Approval process
• Expected timelines
• Relevant process/contact information

The objective is to keep information presented to FORSA users as accurate and current as reasonably possible.