Has anyone ever backed out from a contract with Toll Brothers? Townhome is currently being built (current projected delivery is 4-5 months after the original target). There is a handful of other units on sale (out of 40 units), but now at a higher price. I’m hoping to avoid losing my earnest money ($50k), at least to some extent. Any recs on how to approach this?

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Posting as :
works at
You are currently posting as works at

Can you provide any more details? Such as community?

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John’s Creek/Alpharetta area?

$50K earnest money?

I meant deposit - 5% of base price and 20% of options.

I mean the whole point of the deposit is to keep you from backing out, so I would assume that’s gone if you do. Go look at your contract and see what the termination clause looks like

With the market the way it is right now, I wouldn’t assume you’re going to get any leeway like you might have a couple years ago when they would have been able to sell it immediately

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