So I recently decided that I wanted to get a domain back that I had a little while ago. I did a whois and found that it was in the redemption period, then I waited until it was pendingDelete. Now at this time I had not heard of this backordering or snapnames.com or pool.com.

After the certain amount of days I find that my domain was taken by snapnames.com. And that made me mad. So now I find that it wants me to pay $60.00 for that domain when i originally paid $10.00 for it. Now I don't feel like paying that much so I am going to wait until snapnames deletes the domain.

My question is: What happens after the 3 days or whatever where no one offers a bid or backorder for it? Does it go into that 30 day redemption period, and then the 5 day deletion thing and then another company gets it?

This whole process confuses me and annoys me alot. Thanks for the help!

If this bothers you that much, then that $60 is well worth it, unless you don't mind losing that domain name again (probably for good this time). Good luck.

Completely agree with nameslave. If the name is at all important to you, and the $60 will acquire it, pay it. The domain market is such these days that if it's at all halfway decent, it won't last in the open, especially if it has any appreciable traffic.

As an example, I've been trying to grab a domain that's a poor misspelling of one I own...and tasters have been snatching and dropping it for months. Even with a backorder on it, I still can't get near it.

well its not a domain that a lot of people would want..trust me...but none of you have answered my question..

Your answer is .....

Once Snap grabbed the name, THAT means that someone was interested in it and IS willing to pay $60 for it. It is your choice if you want to bid it up. As for expiring, it will not go into "Pending Delete" nor "Redemption Period", it will not expire for another year, then after that who knows, depends on if the person who wins it renews it.

You would be surprised at the names people snatch up. It doesnt matter if it only gets one hit a month, if it has been registered before, chances are it will be registered again.

well its not a domain that a lot of people would want..trust me..
A LOT of people have learned their lesson the hard way, with that very same thought of yours (that nobody else would want "their" domains). Like I said, if it is a name that doesn't even worth that extra $50, don't waste your time on it.

You only need one person interested in the domain for you to lose it. As sterlin said. If SnapNames have grabbed the domain it usually means someone has already placed a $60 bid for it (SnapNames do not just snap up all dropping domains without a backorder, afaik). It's probably in a 3 day private auction right now where you are unable to bid on it. So you've lost it already. The only thing you can do now is wait a year and see if it drops again.

I've registered domains that were initially grabbed by snapnames, just waiting for them to drop them after 4 days.

I realized that after 4 days, names that got no bids were deleted, so i could register them.

I would keep an eye on the auction until the last minute

Yep, but if I understood the OP correctly there is already a bid on the domain.

Are you saying that SnapNames are now registering as many dropped domains as they can get hold of, of domains at registrars they don't have agreements with, and if they don't sell, they just let them drop (at no cost during those 1st 5 days of registration). I would have thought that would have been a tremendous burden on their cash flow since they need to maintain a deposit at the registry commensurate with the amount domains they are registering.

A lot has probably happened since I last participated there. They have their own registrar now, for example, which would enable them to taste domains for free.