*** PLEASE NOTE *** I am not a Lawyer and I am not Giving Legal Advice ***
Thinking of walking away from a pre-sale?
Before you do anything, talk to your lawyer, next talk to your Realtor, and then TALK TO THE DEVELOPER!
Some developers may have programs in place to help those who are having issues completing. The only way to find out is to ask!
The following could happen if you don’t complete:
1) You could get sued by the developer. Even if you win, you still have to pay the costs of defending yourself and we all know lawyers don’t come cheap.
2) You could lose your deposit.
Make sure when you buy something you can pay for it!
I’d love to hear your thoughts on this topic.