Own Your Life ~ by Jessi Johnson

Repercussions of walking on a pre-sale investment & how to save your deposit


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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: β€œWhat happens if I walk away?”

In this episode, I break it all down:
πŸ‘‰ Why so many buyers are walking from pre-sales right now
πŸ‘‰ What your developer contract actually says (and why it matters)
πŸ‘‰ The real consequences of walking away β€” including losing your deposit and possible lawsuits
πŸ‘‰ My personal $200,000 loss story (and the hard lessons I learned)
πŸ‘‰ Strategies to save your deposit β€” 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 β€” but only if you act quickly

πŸ“© Need Help?
If you’re considering walking from a pre-sale, don’t go silent. Let’s talk about your options:
β†’ Can we assign it?
β†’ Can we negotiate out?
β†’ Can we structure a backup plan?

πŸ“© Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing.

πŸ“š Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies.

πŸ‘ Like this video, share it with someone thinking of selling, and subscribe for real market adviceβ€”not media hype.

Watch and subscribe for more!

πŸ‘‰ 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.Β 

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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πŸ‘©πŸΌβ€πŸ’Ό Are You A Real Estate Agent? Β  πŸ‘¨πŸΌβ€πŸ’Ό
Book a 1-on-1 with us to learn how we help agents DOUBLE their business β†’Β 
This is what is offered, FREE

πŸ†“ Client partnership opportunities! $$$ for you
πŸ†“ Access to Jessi's custom build Zoho CRM
πŸ†“ Google Ads coaching or discounted management
πŸ†“ Sim’s Coaching Systems 3+ coaching calls every week
πŸ†“ YouTube, social media & online lead generation coaching
πŸ†“ Access to an online lead generation program
πŸ†“ Access to online lead conversion program
πŸ†“ 1-Page business plan created with you by SIMS Coaching team
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πŸ†“ Your Assistants trained & hired with SIMS assistant team
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πŸ†“ Access to our private Facebook mastermind Group
πŸ†“ Access to 1-1 when you need us for support
πŸ†“ Access to kvCORE, 40+ weekly training calls, stock, revenue share and more...

πŸ‘‰ BOOK A CALL WITH JESSI: calendly.com/jessirealestate

Jessi Johnson Personal Real Estate Corporation
Realtor | eXp Realty
πŸ“ž 604 566 8968 (office line)

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Own Your Life ~ by Jessi JohnsonBy Jessi Johnson