Understanding the initial deposit requirements when buying a Toll Brothers new construction home can often be overwhelming and confusing. The breakdown below serves as a guide to what you should expect. 

  • 5% of the base price of the home design you select is due at closing. 
  • 5% of the home site premium
  • 20% of any added structural upgrades or options. Generally at the time of contract.
  • 20% of design center options.  Generally done within 30-60 days after contract. Once you select all of your design center options, they will collect 20% as a deposit. 

Here is a simple breakdown:

  • $1,000,000 Base Price: $50,000 Deposit
  • $10,000 Lot Premium: $5,000
  • $100,000 Structural Options: $20,000
  • $25,000 Design Center Options: $5,000


Total Required Deposit: $80,000 

Please note that if you are purchasing the home utilizing a low down payment option like an FHA or VA loan you may be able to request a lower deposit. In one instance, I was able to negotiate my clients only pay 3.5% of the total sales price. It is not uncommon to also break up the deposit into multiple payments over time. 

DO YOU HAVE MORE QUESTIONS ABOUT THE TOLL BROTHERS NEW CONSTRUCTION HOME BUYING PROCESS?

Each year, we represent at least 25 new construction buyers in the DC metro area. We work closely with local builders, especially Toll Brothers, and have the expertise and experience to help you navigate the process. If you are considering a Toll Brothers home, schedule a call with Khalil here to get your questions answered! 

Schedule Your Free New Construction Consult

 
**Disclaimer** The information shared regarding the Toll Brother policies and processes are for informational purposes only, we do not in any way represent Toll Brothers nor do we receive any compensation for shared information.
While we have made every attempt to ensure that the information contained on the Website is correct, Glass House Real Estate is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the Website is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied. In no event will Glass House Real Estate, or its partners, employees or agents, be liable to you or anyone else for any decision made or action taken in reliance on the information on the Website, or for any consequential, special or similar damages, even if advised of the possibility of such damages. Information on the Website is for general information purposes only and is not intended to provide any type of professional advice. Please seek professional assistance should you require it. Furthermore, information contained on the Website and any pages linked to and from it are subject to change at any time and without warning.

Khalil El-Ghoul

"Thanks for reading! I’m passionate about empowering home buyers and sellers with professional advice and unbiased information, throughout the real estate transaction. Unlike most agents, I always put clients first. When it comes to negotiating, marketing homes, and sealing the deal, I’ve got the experience and knowledge you’re looking for. If you have any questions about moving to VA, D.C., or MD, don’t hesitate to reach out."