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GoDaddy 'Domain Buy Service' from the seller's perspective

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Anybody know how they come up with the $ amount for their initial offer to the domain owner?

Do they evaluate the domain or do they directly present the lower end of the buyer's offer?

And is there any paperwork provided for the transaction?
 
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GD's DomainBuy Service offers have never been so low it appeared to be a waste of my time answering the email. Brokers guide buyers.
 
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Also, they seem to be making zero effort beyond the initial offer.
 
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Just engage the buyer as if there were no broker involved and never use them as a buyer...getting the point?
 
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Just engage the buyer as if there were no broker involved and never use them as a buyer...getting the point?

I wouldn't use them for buying a domain even if they were the only service in the world.

The point is I've been getting a lot of offers thru them for buying my domains. Then no followup to my counters.

Seems like an utter waste of the buyers' money.
 
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I wouldn't use them for buying a domain even if they were the only service in the world.

The point is I've been getting a lot of offers thru them for buying my domains. Then no followup to my counters.

Seems like an utter waste of the buyers' money.

Did you followed up with Godaddy broker after not getting reply from their side ?
 
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GD's DomainBuy Service offers have never been so low it appeared to be a waste of my time answering the email. Brokers guide buyers.

Also, they seem to be making zero effort beyond the initial offer.

Domain buy service is the buyer telling the broker his budget to get the domain name.
The broker has 30 days to negotiate the best price. He will let his initial low offer expire (8 days) without saying a word whether you counter low/high. Sooner or later broker will present the full offer, its his duty to do everything he can to get the domain within buyer's budget.
You should simply refuse all offers (as long as 30 days aren't over), or counter at BIN and stay there until you see the full number.
 
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Domain buy service is the buyer telling the broker his budget to get the domain name.
The broker has 30 days to negotiate the best price. He will let his initial low offer expire (8 days) without saying a word whether you counter low/high. Sooner or later broker will present the full offer, its his duty to do everything he can to get the domain within buyer's budget.
You should simply refuse all offers (as long as 30 days aren't over), or counter at BIN and stay there until you see the full number.
In most cases they never counter after initial offer, I recently got 2 offer for my domain name, but they did not even respond yet, even they did not ask for price flexibility, @Joe Styler can you please shade more light on it, how it properly works ?
 
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I've had a couple gd 'broker' offers over the years...both came in at 600. I countered but never got a reply on either of them. One name (after the 30 day period expired) ended up selling for low x,xxx on another marketplace and the buyer told me that they never received a counter offer from me through the 'broker'. That was awesome for me as my counter was half of what it eventually sold for.
 
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I've had a couple gd 'broker' offers over the years...both came in at 600. I countered but never got a reply on either of them. One name (after the 30 day period expired) ended up selling for low x,xxx on another marketplace and the buyer told me that they never received a counter offer from me through the 'broker'. That was awesome for me as my counter was half of what it eventually sold for.
Broker handles everything.

https://www.godaddy.com/domains/domain-broker
You enter the domain you want in the search box on this page and add Domain Broker Service to your cart. We’ll send you an email asking for your budget range.

Once we know what you’re willing to pay for the domain, your domain broker will reach out to the current owner to see if he or she is interested in selling.

If the current owner’s willing to sell, your broker will negotiate on your behalf, with the goal of getting you the name for the lowest possible price.


https://www.godaddy.com/help/what-is-domain-broker-service-1699

The Domain Broker Service purchase gives our agents a maximum of 30 days to negotiate a deal for you. Your purchase is non-refundable and non-transferable. If you want to pursue a different domain name instead of the one you originally purchased, you must purchase a separate request to acquire the new domain name through Domain Broker Service.

If we cannot contact the registrant or the registrant refuses to sell, there is nothing more we can do to help you acquire the domain name. When your Domain Broker Service expires, we make no further attempt to acquire the domain name for you.

We consider the services complete when:

  • The Domain Buy Agent made a reasonable, best-effort attempt to contact the current domain name registrant, without response, within the appointed period of time.
  • You no longer want to pursue the domain name.
  • The current domain name registrant refuses your highest offer.

So if you have been contacted, and the buyer still wants to get the domain name, the broker should normally present buyer's best offer to you.
It is possible that in your case buyer didn't want the domain anymore, or broker didn't do his job properly.

Domain Buy Service and Domain Broker Service is the same thing.

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If the domain owner is willing to sell their domain name to you, your domain name broker will start negotiating prices, starting with the minimum price you chose and working up to your maximum offer. After a price is settled on, an offer is made. Offers are valid for as many as 10 business days and cannot be canceled unless you want to accept a counter offer that was presented by the seller.
 
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Did you followed up with Godaddy broker after not getting reply from their side ?
I just ignore GD buy service emails now.

I wouldn't want to deal through a company that doesn't provide basic transaction invoices.

The only time I sold a domain through them I was told to take a screen shot from their auctions page as proof of transaction.
 
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