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@Darryl Lopes and I had a fun twitter discussion this morning on the merits of domain name appraisals and their merit.
Do you need an appraisal and does it really matter?
Do you need an appraisal and does it really matter?
I think appraisals from pros have worth..else u would sell some gems in peanut prices...@Darryl Lopes and I had a fun twitter discussion this morning on the merits of domain name appraisals and their merit.
Do you need an appraisal and does it really matter?
That was my side of the discussion- worthlessThey are useful for noobs and even pros sometimes. However, paid appraisals are a scam IMO.
They offer another tool in closing. Although domain sales history is ultimate tool a buyer and not domain owner maybe also buying the appraisal.That was my side of the discussion- worthless
There is no denying that is what sets the price. Some people want a second opinion and their mate didn't sound confident enough.I feel that it’s a negotiation- the buyer and seller set a prune matter what someone tells you it’s worth.
That's why I stopped doing it.Unfortunately, 98% of the names people want appraisals on are trash, so it's not as fun as it should be.
Sux to be the bearer of bad news I have had so many dislikes from being honest with appraisals that were utter rubbish.That's why I stopped doing it.
You are correct - if I felt I may be leaving money on the table I might reach out to someone I trust to help gauge the priceThere is no denying that is what sets the price. Some people want a second opinion and their mate didn't sound confident enough.
I always wanted to start a bit of a club doing freebies in a group on portfolios. eg You pick out top 10 give them a number or 2 whole sale retail and brief note. Do the same for a few others. Till you have a few different top lists of your own to compare how others felt.You are correct - if I felt I may be leaving money on the table I might reach out to someone I trust to help gauge the price
Yes! This!Appraisals are worthless. Would you have appraised Voice.com at 30 million? A domain is worth whatever a buyer will pay and not what someone appraises it at.
Appraisals are worthless. Would you have appraised Voice.com at 30 million? A domain is worth whatever a buyer will pay and not what someone appraises it at.
Who cares. Of course Voice.com appraise at 30 million now. They always update names like this that sell with the current sale price.Here's a test, go to any appraisal system and type in these:
Voice.com
Sjjdlueygs.com
Voicesingerforeveryoneintheworld.com
And please tell me which one is ranked at the top.
I feel that it’s a negotiation- the buyer and seller set a price no matter what someone tells you it’s worth.
Respectfully disagree that they are worthless, merely not a guarantee of sales price. An appraisal can be used as a negotiating tool but ultimately what is paid is solely the buyers discretion.Appraisals are worthless. Would you have appraised Voice.com at 30 million? A domain is worth whatever a buyer will pay and not what someone appraises it at.
Who cares. Of course Voice.com appraise at 30 million now. They always update names like this that sell with the current sale price.
I think what you'll find is that those who need to be talked up using this tactic, are never going to buy your name for the price you want.Respectfully disagree that they are worthless, merely not a guarantee of sales price. An appraisal can be used as a negotiating tool but ultimately what is paid is solely the buyers discretion.
I think what you'll find is that those who need to be talked up using this tactic, are never going to buy your name for the price you want.
The ones who are willing to pay, will do so without needing to see an appraisal.
Either a buyer knows the value of a good name or they don't. They're not going to drop thousands on it just because the random website you pointed them to says it's worthwhile.