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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?
Who cares. Of course Voice.com appraise at 30 million now. They always update names like this that sell with the current sale price.
No, what I need are genuine end users for my domains as better upgrade. The worst domain appraiser in the worldDo you need an appraisal and does it really matter?
While there is a lot of common sense in what you say, and I suspect your conclusion does accurately apply to the majority of buyers, I think at the same time there are some who need to assurance of some 'third party' view that substantiates the price they are going to pay. I worked two long in organizations that constantly spent money on appraisals, evaluations. consultant reports etc. for almost every major decision they made from property purchase, equipment, services, rentals, liability considerations, insurance, investments, etc. An efficient and trusted third party that could suggest a range in reasonable worth for a domain name would help propel some decisions forward in my opinion (whether that is human, robotic or probably a hybrid).Either a buyer knows the value of a good name or they don't.
But have you had experience with any companies being convinced to pay X amount for a domain because of an appraisal?While there is a lot of common sense in what you say, and I suspect your conclusion does accurately apply to the majority of buyers, I think at the same time there are some who need to assurance of some 'third party' view that substantiates the price they are going to pay. I worked two long in organizations that constantly spent money on appraisals, evaluations. consultant reports etc. for almost every major decision they made from property purchase, equipment, services, rentals, liability considerations, insurance, investments, etc. An efficient and trusted third party that could suggest a range in reasonable worth for a domain name would help propel some decisions forward in my opinion (whether that is human, robotic or probably a hybrid).
On a different level I have in past been in nonprofits that even when the amount is tiny need some disinterested party stamp that an expense is reasonable.
Bob
I have not personally. My point was more that especially in board/committee decisions an appraisal, if consistent with a price that they have almost accepted, will help them justify/have confidence and move forward.But have you had experience with any companies being convinced to pay X amount for a domain because of an appraisal?
In most cases I would agree. Just not when it comes to domain names, where the industry is unregulated and the appraisals are mostly automated.I have not personally. My point was more that especially in board/committee decisions an appraisal, if consistent with a price that they have almost accepted, will help them justify/have confidence and move forward.
In most cases I would agree. Just not when it comes to domain names, where the industry is unregulated and the appraisals are mostly automated.
Unless a company had a pre-existing relationship with a professional in the industry, any appraisal would be met with skepticism (as it should).
As a temporary boost if they go in my favor, or a proof that people are out to get me if they go the other way.@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?
Yes but there are millions of potential buyers and they all think differently, have different needs and different ways of valuing and of course different budgets... ergo... every domain has the potential to surprise everybody else.Domains are worth only what a buyer will pay - period.
Domains are worth only what a buyer will pay - period.
That is only half the equation. You also need a willing seller.
I have turned down offers in the past where some potential buyer will say you will never get a higher offer, then I sell it for 10x or 20x that price.
It takes a willing buyer and a willing seller. Some single buyer willing to pay some amount has limited correlation to actual value IMO.
Brad
So you're actually telling me that prior to the sale, Voice.com would not have finished as the top? Really?
This was all precipitated by a conversation I was having on twitter about Mike Manns sales. Im sorry of Im in the minority but I don't believe them all.
BUT......if those sales are real who would have them appraised at the prices in which they sell?
Domains are worth only what a buyer will pay - period.
I sold hatred.com by pure dumb luck at 6 figures. Was it appraised anywhere near that - hell no!
Its all perception and perception doesn't become reality until money exchanges hands no matter the made up valuation of some expert or machine
Of course it would. A person would be a fucking idiot not to know that.So you're actually telling me that prior to the sale, Voice.com would not have finished as the top? Really?