- Impact
- 10,820
So yea. I got an offer on a 6 letter domain via email. the domain is IOT + MMS .com.
Did not think nothing of it. Comps show similar IOT sales and MMS sales as high as $20,000.
I forgot about the offer over the weekend. They came back with $4,000 and since I didn't check my emails over the weekend. They countered with $7,000.
To be honest I did the rookie move and did not pay attention to their email address which was a Mcdean.com email address.
I was being quirky and accepted the $7,000 offer via email without a thought as I thought (at the time) it was fair.
but now after finding out more about this Mcdean.com website with over 2,500 employees worldwide. I'm having sellers remorse.
So is my acceptance via email a legally binding agreement or can I cancel and ask for more? That's question number 1.
And #2 is of course should I renegotiate at this point?
I know it's a jerk move but after seeing the McDean.com website which looks like an 80's website I got the "bug" and now thinking maybe I shouldn't have jumped at the $7,000? I mean without me even countering his first $4,000 offer. He jumped up to $7,000.
I think I had asked for $10,000 first. he asked if we could meet in the middle at $7,000 he even said he'd add $400 to cover the escrow fees.
Am I missing out here? seems like he could have paid more as he's very "easy going" with this purchase especially jumping from $4,000 after no response up to $7,000? That's a big jump.
or is $7,000 fair market value for IOT + MMS .com?
Of course I understand that I could royally screw this up by reneging and asking for more this point and he might walk away.
I'm more concerned of the legal aspect.
Did not think nothing of it. Comps show similar IOT sales and MMS sales as high as $20,000.
I forgot about the offer over the weekend. They came back with $4,000 and since I didn't check my emails over the weekend. They countered with $7,000.
To be honest I did the rookie move and did not pay attention to their email address which was a Mcdean.com email address.
I was being quirky and accepted the $7,000 offer via email without a thought as I thought (at the time) it was fair.
but now after finding out more about this Mcdean.com website with over 2,500 employees worldwide. I'm having sellers remorse.
So is my acceptance via email a legally binding agreement or can I cancel and ask for more? That's question number 1.
And #2 is of course should I renegotiate at this point?
I know it's a jerk move but after seeing the McDean.com website which looks like an 80's website I got the "bug" and now thinking maybe I shouldn't have jumped at the $7,000? I mean without me even countering his first $4,000 offer. He jumped up to $7,000.
I think I had asked for $10,000 first. he asked if we could meet in the middle at $7,000 he even said he'd add $400 to cover the escrow fees.
Am I missing out here? seems like he could have paid more as he's very "easy going" with this purchase especially jumping from $4,000 after no response up to $7,000? That's a big jump.
or is $7,000 fair market value for IOT + MMS .com?
Of course I understand that I could royally screw this up by reneging and asking for more this point and he might walk away.
I'm more concerned of the legal aspect.
