You ask, â€œDo I need a buyerâ€™s agent?â€
The answer is simple. Yes. Itâ€™s the law. If you buy direct from a builder, their sales person (read â€œagentâ€) becomes your buyerâ€™s agent IN ADDITION to being the sellerâ€™s agent. There is no way around this. You WILL end up with a buyerâ€™s agent by default. As has been pointed out below, this constitutes dual agency and is a very difficult situation to be in. I can promise you that the sellerâ€™s agentâ€™s first priority is to represent the sellerâ€™s best interests, therefore you will have to negotiate on your own without the knowledge an experienced outside agent can bring to the table. One thatâ€™s sat in that very chair many times before and knows all the variables.
I have a few questions for you: â€œSince you will end up with a buyerâ€™s agent anyway, does it not make more sense to bring a buyerâ€™s agent of your own choosing? One with the single goal of representing only you and your best interests? One who has negotiated for buyers before? One who can more than likely get you a better price and terms than the 3% you might â€˜saveâ€™ by not having them there?â€
You also ask, â€œNow can I go along with my Agent ,I have read some where on this site than Buyer Agent should be acompany the buyer during their first visit itself.â€
The answer again is simple: That is correct, and thatâ€™s why we keep saying it over and over again on this site. Itâ€™s called â€œprocuring cause,â€ and it will put you into a dual agency relationship with the builderâ€™s agent. Itâ€™s what they want.
HOWEVER, in the current market, not all builders are completely hardnosed about this. Iâ€™ve been allowed to represent buyers after they visited on their own the first time. There are a few things that can be done to sometimes allow a buyerâ€™s agent to represent you.
Also, if you refuse to sign their dual agency form, there will be no deal. If you tell them that they only way you will proceed is in a sole agency environment, and then vote with your feet, they may reconsider. After all, the number one thing a builder wants is â€¦ a sale.