Thinking of backing out of a real estate deal? Whether it’s a pre-construction condo, a resale home, or a commercial property, walking away from a legally binding contract can have serious consequences. In this video, I break down the legal, financial, and strategic options you have if you’re struggling to close.- What happens to your deposit?- Can you be sued for more than your deposit?- What if market values have dropped?- Can you assign or negotiate your way out?Watch until the end for real-life case studies and practical solutions. If you’re in this situation and need advice, book a free 15-minute call using the link below.Like & Subscribe for more real estate insights!Timestamps:00:00 – Intro: Can You Back Out of a Real Estate Deal?00:48 – Common Scenarios Where Buyers Default02:08 – Why It's Happening So Much Nowa03:10 – The Ramifications Of Walking Away04:15 – What Actually Happens If You Don't Close?06:36 – Alternative Solutions07:27 – Why You Can’t Advertise Pre-Construction Assignments on MLS08:58 – Real-Life Cases: Buyers Losing Big for Backing Out11:09 – Common Reasons Why Buyers Need to Back Out11:51 – Can You back Out If You Discover Issues After Waiving Conditions?13:28 – Backing Out Of A Pre-construction Condo Deal14:20 – What If the Seller Won’t Let You Out?15:36 – Final Thoughts & Next StepsSchedule a 15-minute appointment to chat with me here: https://www.broadviewavenue.ca/appointmentsDownload our guides here:How to Ask Your Parents For Help: https://www.broadviewavenue.ca/family-support-for-fthbThe Toronto Professional's Guide to Real Estate Investing:https://www.broadviewavenue.ca/guide-download▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Subscribe now to keep updated for more information.If you want to chat with us, do the following:1. Send an email at [email protected]; or2. Send a direct message on my Instagram account below; or3. Book an appointment for a 15-minute video chat using the link on our website.If you’re not ready to reach out and just want to follow for more, find us online:YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1Instagram: https://www.instagram.com/kennethyimhomesTikTok: https://www.tiktok.com/@kennethyimhomesLinkedIn: https://www.linkedin.com/in/kennethyimhomesFacebook: https://www.facebook.com/BroadviewAvenueWeb: http://www.broadviewavenue.ca▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

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