Toll Brothers’ Nationwide Sale Begins Todayby Tim Manni
Beginning today, luxury home builder Toll Brothers will launch their “National Fall Sales Event” (no, it’s not a car dealership promotion) which offers discounts in 215 communities, according to the Wall Street Journal. The sales event will run until October 4 and has been expanded to include condominiums in New York City:
The deals range from half-off options, including custom tile and appliances, to mortgage-specials, including paid closing costs. The Illinois and Michigan divisions, for example, are offering a 2/1 mortgage-rate buy down for a 30-year fixed-rate loan. The first-year’s rate is 2.875%, followed by 3.875% for year two. It locks in at 4.875% for the loan’s remainder.
Despite their confidence that the housing market has bottomed, Toll Brothers says sales incentives like these are necessary to get buyers back into the market, but they’re getting smaller and won’t be around forever.