The financial risk nobody talks about when you sell your home
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When Morgan and his wife sold two properties to buy their dream home, they thought the hard part was behind them, until their buyer didn't show up on closing day. What followed was a $150,000 loss they never saw coming, and a search for an insurance product that didn't exist anywhere in the world. That experience became the founding story behind SecureMyOffer, and a wake-up call for every Canadian seller who assumes a firm offer means the deal is done.
What makes buyer default so financially devastating isn't just the immediate loss, it's the cascade. You've already made plans on the other side. You may have purchased another property, given notice, or committed funds that were supposed to come from that sale. The legal system offers recourse, but recourse takes time, and carrying costs don't pause while you wait. For sellers in markets like Ottawa, where federal relocations and dual-property transactions are common, that window of exposure can be the difference between a clean move and a financial setback that takes years to recover from.