B Klug
Established Member
- Impact
- 88
I got my first offer on a domain listed on the GD marketplace.
They somewhat lowballed with their offer, but frankly I wouldn't be upset if it sold for that amount.
(I did issue a counter offer that was more reasonable but haven't gotten a response yet.)
From what I understand, I can accept the offer any time in 7 days and the original offer is still binding.
But even more interesting, I can convert the offer into an initial bid on a 7 day auction, where the bid is binding as well.
My question: assuming I'm okay with the domain selling for that offer price, and I don't mind waiting another 7 days for the auction, is there any reason NOT to convert an offer into a 7-day auction? Worst case it sells for that same amount, and all other cases more.
I called Godaddy and they assured me there is no way for the buyer to back out of the current offer, as long as I accept it within the time frame or convert it to an auction. I hope that information is correct.
They somewhat lowballed with their offer, but frankly I wouldn't be upset if it sold for that amount.
(I did issue a counter offer that was more reasonable but haven't gotten a response yet.)
From what I understand, I can accept the offer any time in 7 days and the original offer is still binding.
But even more interesting, I can convert the offer into an initial bid on a 7 day auction, where the bid is binding as well.
My question: assuming I'm okay with the domain selling for that offer price, and I don't mind waiting another 7 days for the auction, is there any reason NOT to convert an offer into a 7-day auction? Worst case it sells for that same amount, and all other cases more.
I called Godaddy and they assured me there is no way for the buyer to back out of the current offer, as long as I accept it within the time frame or convert it to an auction. I hope that information is correct.