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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: βWhat happens if I walk away?β
In this episode, I break it all down:
π Why so many buyers are walking from pre-sales right now
π What your developer contract actually says (and why it matters)
π The real consequences of walking away β including losing your deposit and possible lawsuits
π My personal $200,000 loss story (and the hard lessons I learned)
π Strategies to save your deposit β like assignments, negotiating a release, and getting legal help
If youβre stuck in a pre-sale contract in British Columbia (or anywhere), this could save you tens or even hundreds of thousands of dollars.
β Key Takeaways:
Deposits are often non-refundable (5β25%)
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
π© Need Help?
If youβre considering walking from a pre-sale, donβt go silent. Letβs talk about your options:
β Can we assign it?
β Can we negotiate out?
β Can we structure a backup plan?
π© Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing.
π Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies.
π Like this video, share it with someone thinking of selling, and subscribe for real market adviceβnot media hype.
Watch and subscribe for more!
π Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate
Donβt forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you havenβt 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
-------------------------------------------------------------------------------------------------------------------
π©πΌβπΌ Are You A Real Estate Agent? Β π¨πΌβπΌ
Book a 1-on-1 with us to learn how we help agents DOUBLE their business βΒ
This is what is offered, FREE
π Client partnership opportunities! $$$ for you
π Access to Jessi's custom build Zoho CRM
π Google Ads coaching or discounted management
π Simβs Coaching Systems 3+ coaching calls every week
π YouTube, social media & online lead generation coaching
π Access to an online lead generation program
π Access to online lead conversion program
π 1-Page business plan created with you by SIMS Coaching team
π 90-day Sims Coaching new agent training program
π Your Assistants trained & hired with SIMS assistant team
π Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team
π Access to our private Facebook mastermind Group
π Access to 1-1 when you need us for support
π Access to kvCORE, 40+ weekly training calls, stock, revenue share and more...
π BOOK A CALL WITH JESSI: calendly.com/jessirealestate
Jessi Johnson Personal Real Estate Corporation
Realtor | eXp Realty
π 604 566 8968 (office line)
By Jessi JohnsonAre you rethinking your pre-sale purchase? With rising rates, construction delays, and prices dropping in some areas, many buyers are asking the same question: βWhat happens if I walk away?β
In this episode, I break it all down:
π Why so many buyers are walking from pre-sales right now
π What your developer contract actually says (and why it matters)
π The real consequences of walking away β including losing your deposit and possible lawsuits
π My personal $200,000 loss story (and the hard lessons I learned)
π Strategies to save your deposit β like assignments, negotiating a release, and getting legal help
If youβre stuck in a pre-sale contract in British Columbia (or anywhere), this could save you tens or even hundreds of thousands of dollars.
β Key Takeaways:
Deposits are often non-refundable (5β25%)
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
π© Need Help?
If youβre considering walking from a pre-sale, donβt go silent. Letβs talk about your options:
β Can we assign it?
β Can we negotiate out?
β Can we structure a backup plan?
π© Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing.
π Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies.
π Like this video, share it with someone thinking of selling, and subscribe for real market adviceβnot media hype.
Watch and subscribe for more!
π Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate
Donβt forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you havenβt 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
-------------------------------------------------------------------------------------------------------------------
π©πΌβπΌ Are You A Real Estate Agent? Β π¨πΌβπΌ
Book a 1-on-1 with us to learn how we help agents DOUBLE their business βΒ
This is what is offered, FREE
π Client partnership opportunities! $$$ for you
π Access to Jessi's custom build Zoho CRM
π Google Ads coaching or discounted management
π Simβs Coaching Systems 3+ coaching calls every week
π YouTube, social media & online lead generation coaching
π Access to an online lead generation program
π Access to online lead conversion program
π 1-Page business plan created with you by SIMS Coaching team
π 90-day Sims Coaching new agent training program
π Your Assistants trained & hired with SIMS assistant team
π Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team
π Access to our private Facebook mastermind Group
π Access to 1-1 when you need us for support
π Access to kvCORE, 40+ weekly training calls, stock, revenue share and more...
π BOOK A CALL WITH JESSI: calendly.com/jessirealestate
Jessi Johnson Personal Real Estate Corporation
Realtor | eXp Realty
π 604 566 8968 (office line)