A Real Appraisel??

[.X.]

I was talking to this person who has a nice DN,They asked me for my opinion as to what is worth.I researched the name via google,Overture,Alexa.My opinion was around $400 with all research done.They said,I have a professional appraisel for $10,000. And they said they could sell it wholesale for $5,000 today.My comment was,Well you paid a modest a fee for someone to tell you what you wanna hear,Because in my opinion that is what $39 appraisers do.After all.If they gave you an appraisel that did'nt make you happy,You would want your money back,Be disapointed and feel ripped off.They said no,There is diffrence in a REAL appraisel and an opinion,I said,Well yea,There are more knowledgable people in the business,And they would be able to give you a more detailed facts and may come to a closer figure of what the name is really worth,They said,No,A MASTER appraiser is a professional.I replied,Well,Then there are lots of master appraisers because i can buy a turnkey appraisel website off ebay for 40 bucks! LOL.Then i told them that i keep very close tabs on what's selling,The current market trend ect.And then they went on to tell me that they have the majority of there names appraised at this $39.95 price through this master appraiser.LOL,Quite an investment huh,Well i checked the master apprasiers website,It's a run of the mill 40 buck turnkey website with most probably a person that knows and gives a squat about DNs.Just thought i'd share this.LOL

 

[-db-]

That reminds me....

There are few things more sad (or embarrassing) in the domain world, than Joe Smith being told by some appraiser that his domain MyCoolBlog.com is worth $20,000, and then seeing him try to sell it, while telling everybody that it was professionally appraised.

 

[.X.]

That reminds me....

There are few things more sad (or embarrassing) in the domain world, than Joe Smith being told by some appraiser that his domain MyCoolBlog.com is worth $20,000, and then seeing him try to sell it, while telling everybody that it was professionally appraised.

:lol: Poor fella,That would be embarrasing,I bet he learned from that!

 

[AdoptableDomains]

Sounds like the old appraisal scam to me. Do a forum search for "appraisal scam" and you'll find plenty of previous discussion.

 

[1rrr1]

I don't really trust the *professional appraisals* unless it is from sedo or afternic, even then, I still need to research for myself.

 

[Gene]

The thing about domain names is that there really ISN'T a set dollar value to them. The ONLY thing that allows us to sell a domain for more money than we paid for it, is that someone else perceives it to have that value. You can take a domain name and ask 100 experienced people in this business what it's worth. Some may say $100 range, some may say $500 range, others $1,000. But it's the buyer who will determine what the value of the domain is worth, based on how badly they want it.

True example: I registered a domain name that would have been 'appraised' at low $xxx on these boards. I know, because I've had about 50 appraisals done here. I ended up selling that domain for $12,000, because it met the buyers needs exactly.

That's why I'll never pay for an appraisal -- it's meaningless if you're willing to wait for the right buyer to find you. If they don't, you can always unload it for a profit anyway.

Patience is your best friend in this business.

Gene

 

[AdoptableDomains]

Patience is your best friend in this business.

...And either a steady sales stream or some cash for renewals while being patient.

 

[trishan]

The thing about domain names is that there really ISN'T a set dollar value to them. The ONLY thing that allows us to sell a domain for more money than we paid for it, is that someone else perceives it to have that value. You can take a domain name and ask 100 experienced people in this business what it's worth. Some may say $100 range, some may say $500 range, others $1,000. But it's the buyer who will determine what the value of the domain is worth, based on how badly they want it.

True example: I registered a domain name that would have been 'appraised' at low $xxx on these boards. I know, because I've had about 50 appraisals done here. I ended up selling that domain for $12,000, because it met the buyers needs exactly.

That's why I'll never pay for an appraisal -- it's meaningless if you're willing to wait for the right buyer to find you. If they don't, you can always unload it for a profit anyway.

Patience is your best friend in this business.

Gene

Can not agree with you more. People will be tired of my story by now, but I always look back to the two domains which were valued at reg. fee which I sold for $50 each. It is what the buyer wants to pay for it.