debate Are Appraisals really necessary?

[uglydork]

@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?

 

[Lord Antares]

They are useful for noobs and even pros sometimes. However, paid appraisals are a scam IMO.

 

[EmpireNames.com]

@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?

I think appraisals from pros have worth..else u would sell some gems in peanut prices...
but as i am seeing pros now dont give a sh*t about giving appraisals..

 

[lock]

The number itself no the information offered however is valuable. Eg searches, backlinks if a site, rankings etc. You can make a better decision based on more information toward pricing.

 

[uglydork]

They are useful for noobs and even pros sometimes. However, paid appraisals are a scam IMO.

That was my side of the discussion- worthless

 

[barman]

Paid appraisals are worthless.

I do appraisals in the Appraisals section here to try and sharpen my own skills, and to give good feedback when I can. Unfortunately, 98% of the names people want appraisals on are trash, so it's not as fun as it should be.

Most of the time it's just rummaging through trash and crushing peoples' dreams.

 

[lock]

That was my side of the discussion- worthless

They offer another tool in closing. Although domain sales history is ultimate tool a buyer and not domain owner maybe also buying the appraisal.

 

[uglydork]

I feel that it’s a negotiation- the buyer and seller set a price no matter what someone tells you it’s worth.

 

[lock]

I feel that it’s a negotiation- the buyer and seller set a prune matter what someone tells you it’s worth.

There is no denying that is what sets the price. Some people want a second opinion and their mate didn't sound confident enough.

 

[lock]

I for one think without a wallet out to buy it all doesn't matter … if you don't want influence but I still feel there is something to be gained from my peers opinions as I am here.

 

[NYJimbo]

Unfortunately, 98% of the names people want appraisals on are trash, so it's not as fun as it should be.

That's why I stopped doing it.

 

[lock]

That's why I stopped doing it.

Sux to be the bearer of bad news I have had so many dislikes from being honest with appraisals that were utter rubbish.

 

[uglydork]

There is no denying that is what sets the price. Some people want a second opinion and their mate didn't sound confident enough.

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

 

[lock]

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

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.

 

[DomainRecap]

Never look at the actual dollar amount, as that part is just guesswork, but it can be a viable tool to categorize a group of domains. i.e. those "valued at $5K or higher" will on average, be far more saleable than those "valued at less than $1K".

 

[hookbox]

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.

 

[uglydork]

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.

Yes! This!

 

[DomainRecap]

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.

Here's a test, go to any appraisal system and type in these:

Voice.com
Sjjdlueygs.com
Voicesingerforeveryoneintheworld.com

And please tell me which one is ranked at the top.

 

[hookbox]

Here's a test, go to any appraisal system and type in these:

Voice.com
Sjjdlueygs.com
Voicesingerforeveryoneintheworld.com

And please tell me which one is ranked at the top.

Who cares. Of course Voice.com appraise at 30 million now. They always update names like this that sell with the current sale price.

 

[Jason Baudendistel]

I feel that it’s a negotiation- the buyer and seller set a price no matter what someone tells you it’s worth.

Just a separate viewpoint but isn't a professional appraisal a bargaining chip for the seller in this negotiation?