buying off market property

[Roy Mitle]

An agent brought an offmarket deal to me. He says the process is that we first agree on sale price with seller. Then we sign contract with all contigencies. AFter that he will share address with me for me to go and inspect etc. 

Is that true. What are the things you need to be careful about.

[Mindy Jensen]

Do you trust this agent? Would you buy a house unseen? I don't like the shadiness of this deal, not knowing how much the house is worth if you can't see it first. What happens if you make an offer of $100,000, but then you see it and determine it is only worth $75,000? Now you look like the skeezy player for trying to renegotiate the contract after the fact. 

If you know this agent, and he has brought good deals to you before, and you trust him/her, that is a different story.

I have never heard of this before. I would tread lightly.