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View Full Version : First domain sale question


Chimpie
02-06-2008, 06:06 PM
I have two domains that I believe will be purchased from me in the near future. This will be my first domain transaction(s). They will be purchased by reputable companies. I will be requesting either a money order or a certified check.

What else will I need to prepare for this transaction?

What form(s) should I have ready to complete this transfer?

What steps will I need to take to complete the transfer?

Additional thoughts?

Thanks!

PS - Mods - I'm sorry to create two identical threads but this section seemed to be more appropriate.

cofcpologuy
02-08-2008, 02:22 PM
First off, how are you planning on purchasing the domain? Are you going to use a domain reseller account?

Chimpie
02-08-2008, 02:38 PM
Already purchased the domains in question.

Maxo
02-10-2008, 06:31 AM
I would advise using Escrow Service for the transactions to be on the safe side. There are many Escrow Services out there, but I will only recommend the ones I have experience with:

1) Escrow.com - If you and the other party have good technical knowledge of the domain transfer process, you might consider this one.

https://www.escrow.com/support/calculator.asp

2) Sedo.com - Sedo transfer managers will assist you with technical "transfer" side of the domain itself, so if you and the other party have less experience in the field, you should choose this option.

http://www.sedo.com/services/s_escrow.php?language=us

Note: If the transaction amount is over $25,000 USD, Escrow.com charges a special service commission of 0,89% of the whole amount, while Sedo has a flat fee 3%.

nomadx
02-23-2008, 11:47 PM
What is the dollar amount that you plan for the purchase? I've used Escrow.com for smaller amount domain names, but for large domain names the amount really adds up. You may be better off finding a lawyer who specializes in such escrow. I did a rather large transaction recently and they charged a flat rate that saved us a ton of money. How much do you think you might sell the domain for?

dnki
02-24-2008, 03:49 AM
It depends on the domain. For low value domains, buyer pays and then you transfer. For high value domains, use escrow or sedo

Chimpie
02-24-2008, 11:03 AM
How much do you think you might sell the domain for?

That is another question I have.

What would be a reasonable request for a domain that is the exact name of a commerical/retail developement currently under construction?

Tristan Perry
02-24-2008, 11:27 AM
That is another question I have.

What would be a reasonable request for a domain that is the exact name of a commerical/retail developement currently under construction?
It depends on the size of the company.

Although for an end user sale, as long as the domain is decent enough, you shouldn't sell for anything below $x,xxx. Whether that's $1,000, $9,000 or higher depends on the size of the company.

Chimpie
02-24-2008, 12:57 PM
The development is a mixed retail and commercial site which will include several big box-store type tenants. There will also be several office buildings on site.

WebsterD
02-24-2008, 02:11 PM
Sedo is a waste of time and their practices are questionable. The only offers I ever received were fraudulent.

coax
02-24-2008, 04:30 PM
If you have time you could also get it professionally appraised, even though in theory a domain is worth whatever someone wants to pay for it.
But an appraisal will give you some guidelines on the target market and so forth..
Also just make sure you use a proper appraisal service, sadly I don't have any available..
Maybe even someone here on the forum could do it for you if you PM them the domain..

Tristan Perry
02-24-2008, 05:47 PM
If you have time you could also get it professionally appraised, even though in theory a domain is worth whatever someone wants to pay for it.
But an appraisal will give you some guidelines on the target market and so forth..
Also just make sure you use a proper appraisal service, sadly I don't have any available..
Maybe even someone here on the forum could do it for you if you PM them the domain..
There's not much point in professional appraising companies. You could always go to a forums like NamePros.com, they have an appraisals section.

Although it's important to note that you have got an end user (well done, they're usually very hard to find!). Any appraisals you'll get are from a reselling stand-point.

In other words, end user sales can't really be appraised.

The price depends upon the size of the company.

coax
02-24-2008, 05:57 PM
Well, not really..
Some people are interested in the weirdest of domains, others want high quality ones and mainstream.
We have no idea what type of domain it is or its inherent value..
An appraisal will give it a good price to start off with.. (since he asked what a good offering price should be)

And also I find it kind of ridiculous you say end user sales can't be appraised..
Sure you can't appraise what an end user WILL pay, but you can appraise what he SHOULD pay, and in this case the OP doesn't have any idea what he should offer it up for.

Tristan Perry
02-24-2008, 06:46 PM
Well, not really..
Some people are interested in the weirdest of domains, others want high quality ones and mainstream.
We have no idea what type of domain it is or its inherent value..
An appraisal will give it a good price to start off with.. (since he asked what a good offering price should be)

And also I find it kind of ridiculous you say end user sales can't be appraised..
Sure you can't appraise what an end user WILL pay, but you can appraise what he SHOULD pay, and in this case the OP doesn't have any idea what he should offer it up for.
I'd agree with that point (in the first paragraph) :) All I was saying, though, is that the OP shouldn't pay for one of these 'professional' appraisals. Using a forum like NamePros.com to get free appraisals from domainers (I'm a domainer too, and my PM inbox is always open :)) is the best option.

You can get a rough idea of what a domain is worth, based on reseller principles. Although for end user sales, anything could happen. For example, for a very rich company called "Z.B.V and Well", they'd probably pay more for the domain than ZBVW.com than they would for Dog.com (simply because the former is relateable to their company). :) Obviously appraisals would put the former at $85, and the latter at $3 million. Although Z.B.V and Well wouldn't see things like that :)

I recently read that someone sold the domain name Zwas.com for $xx,xxx (to an end user). An appraisal would have put Zwas.com at $100 :)

RossMAN
02-24-2008, 09:34 PM
The development is a mixed retail and commercial site which will include several big box-store type tenants. There will also be several office buildings on site.

Maybe you can have a phone conversation with the potential buyer(s) and try to get a ballpark? Just be careful the way you word it.

BeZazz
02-24-2008, 10:24 PM
There's not much point in professional appraising companies. You could always go to a forums like NamePros.com, they have an appraisals section.

i agree fully