Are you rethinking your pre-sale purchase? With rising rates, construction delays, and prices dropping in some areas, many buyers are asking the same question: “What happens if I walk away?”
In this episode, I break it all down:
👉 Why so many buyers are walking from pre-sales right now
👉 What your developer contract actually says (and why it matters)
👉 The real consequences of walking away — including losing your deposit and possible lawsuits
👉 My personal $200,000 loss story (and the hard lessons I learned)
👉 Strategies to save your deposit — like assignments, negotiating a release, and getting legal help
If you’re stuck in a pre-sale contract in British Columbia (or anywhere), this could save you tens or even hundreds of thousands of dollars.
⚠ Key Takeaways:
Deposits are often non-refundable (5–25%)
Developers can sue for damages if they resell at a loss
You may face legal costs or credit impacts if it goes to collections
There are ways to limit the damage — but only if you act quickly
📩 Need Help?
If you’re considering walking from a pre-sale, don’t go silent. Let’s talk about your options:
→ Can we assign it?
→ Can we negotiate out?
→ Can we structure a backup plan?
📩 Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing.
📚 Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies.
👍 Like this video, share it with someone thinking of selling, and subscribe for real market advice—not media hype.
Watch and subscribe for more!
👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate
Don’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time.
Pick up my book here: https://amzn.to/3uX43SA
Want to chat? Book time to chat with Jessi here: https://calendly.com/jessirealestate
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Jessi Johnson Personal Real Estate Corporation
Realtor | eXp Realty
📞 604 566 8968 (office line)