IT.COM

discuss My first $1,000,000 offer to purchase

NameSilo
Watch

Should I attach a time limit to my offer to purchase?

  • This poll is still running and the standings may change.
  • This poll is still running and the standings may change.

MapleDots

Account Closed (Requested)
Impact
13,169
I am about to make my first One Million dollar offer to purchase and I want this to go a smooth as possible.

I have asked the advice of a couple of my peers on how to best proceed with this but I thought I would also put it out to some of the members on namepros.

My usual way of doing business when I go after a domain is to attach a time frame to the offer to purchase, but to be quite honest this one is kind of in a league of its own and I have to be careful how to pursue this.

My plan is to offer 500k down and 500k when the deal closes.


What do you guys think?


1. Make an offer with no strings attached

or

2. Set a time limit to add an urgency to the sale

 
5
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
2
•••
Then again, lol, maybe not. KeepCalm Seller is all over the place. Closed the auction and now opened a “Make Offer” thread and an “appraisal request” thread.
 
1
•••
BTW - On a $million transaction, I agree you should not be winging it on your own. And having council (a broker or an attorney) at the table chatting away is okay, but for Pete's sake... it's your money!! And if you don't have the skills to gauge (weigh) seller intent or behavior, then it's also likely you will be clueless gauging BUYER INTENT on the back end when you go to sell your new $1M trophy. Therefore, think very clearly about your skills set before hiring a bunch of "pros" (consultants who make a living off other people) to handle your investing.


I second that, was surprised not many people advised that (Though haven't looked at all the pages)

If you have a mil to spend, i'm sure this is the first thing you should've done, hire a lawyer. It's a big no no if it's just you and your broker on their own, unless they're a lawyer too.
 
1
•••
1
•••
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back