Yes. In fact, some builders pay agents to find prospective buyers. But you also can use a buyer’s agent to help negotiate the price and upgrades on a new home. An agent can be particularly valuable directing you to newly built developments that match your needs, as well as helping you select reputable builders who are financially sound and respond promptly to buyers’ concerns.
Builders normally require an agent to be present on your first visit to the site. This is a sensible procedure that allows the agent to be paid a commission should you decide to buy. Otherwise, if you find a development on your own, make a first visit without the agent, and later make a purchase, the builder may refuse to pay the commission—even if, at some point, the agent became involved in the process.
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Op-ed by Joel Singer
RISMEDIA, Dec. 5, 2008-As homeowners and home buyers struggle through today’s tumultuous housing market, government support for the mortgage market is needed, now more than ever, to take the lead in stabilizing the turbulence of this market.
This is particularly true given the apparent demise of the Government-Sponsored Enterprises (GSEs), Fannie Mae and […]