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

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? 

👍 Like this video, share it with someone thinking of selling, and subscribe for real market advice—not media hype. Watch and subscribe for more!