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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?
That was my side of the discussion- worthlessThey are useful for noobs and even pros sometimes. However, paid appraisals are a scam IMO.
They offer another tool in closing. Although domain sales history is ultimate tool a buyer and not domain owner maybe also buying the appraisal.That was my side of the discussion- worthless
There is no denying that is what sets the price. Some people want a second opinion and their mate didn't sound confident enough.I feel that it’s a negotiation- the buyer and seller set a prune matter what someone tells you it’s worth.
I always wanted to start a bit of a club doing freebies in a group on portfolios. eg You pick out top 10 give them a number or 2 whole sale retail and brief note. Do the same for a few others. Till you have a few different top lists of your own to compare how others felt.You are correct - if I felt I may be leaving money on the table I might reach out to someone I trust to help gauge the price
Yes! This!Appraisals are worthless. Would you have appraised Voice.com at 30 million? A domain is worth whatever a buyer will pay and not what someone appraises it at.
I feel that it’s a negotiation- the buyer and seller set a price no matter what someone tells you it’s worth.
Who cares. Of course Voice.com appraise at 30 million now. They always update names like this that sell with the current sale price.
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.
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?
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
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?
So you're actually telling me that prior to the sale, Voice.com would not have finished as the top? Really?
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?