Losing MORE Than Your Deposit - Why You Should NOT Walk Away from Your Contract

17/05/2022 35 min

Listen "Losing MORE Than Your Deposit - Why You Should NOT Walk Away from Your Contract"

Episode Synopsis

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►► Did you know that you could potentially lose MORE money than your deposit if you decide to walk away from your firm and binding contract? Always be mindful that there could be more to lose than just your initial deposit upon signing the purchase agreement. It's a contract that you're bound to and legal matters are always like Pandora's box - you never know what you're going to get!

In this episode of Prime Properties Podcast, we go through the various types of damages you could be on the hook for if you decide to not close on your property. We have a special guest Eric Ly from Garrison Law to cover the gamut of legal complexities in these unfortunate situations. In addition, we also go over different real estate strategies to help mitigate these risks. Be sure to tune in to this podcast episode - I promise you, it'll be worth it!

#TorontoRealEstate #TorontoRealEstateMarket #PrimePropertiesPodcast

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