BIG MISTAKE >Take note and don't do what I did!

[Debt.tv]

THE MISTAKE: Won a domain from Namejet and it was an ENOM domain. I started marketing it and had a buyer for 10 times what I paid for it! Great Right!

WRONG

The domain was on auction lock and the guy told me he would be willing to wait. Well auction lock is done and he changed his mind.

THE LESSON LEARNED: Don't market domains until you can transfer them immediately.

Now I have to find a new buyer.

This is horrible.

Enjoy

Eric

 

[RevolutionaryDomains]

Sorry to read of your unfortunate experience. Have you thought of or perhaps already offered the name to the potential buyer for a lower price to generate renewed interest? Best of luck with the name and thanks for sharing.


-Regards

 

[siga]

Eric I agree its big problem when this happens. Had the same problem with a domain picked up from snapnames and sold through sedo. Untill then I was unaware of this.
A similar problem is that with some of the closeout auctions you could actually buy a name, market it/get an appraisal and the original owner could see notice it has interest/more value than they thought and renew it. Thus you would loose it..

 

[Debt.tv]

Sorry to read of your unfortunate experience. Have you thought of or perhaps already offered the name to the potential buyer for a lower price to generate renewed interest? Best of luck with the name and thanks for sharing.


-Regards

Trying it now....hope it works.

 

[URLtrader]

You could have asked buyer to create an account at the same registrar and pushed the domain to his/her account.

 

[Kate]

You could have asked buyer to create an account at the same registrar and pushed the domain to his/her account.

He can't even do that. Enom Domains won through NJ are auction-locked for approx 42 days. You can change DNS but you cannot transfer to another registrar and you can't even push to another user.

 

[WORDSWORTH]

You could have asked buyer to create an account at the same registrar and pushed the domain to his/her account.

From what I understand the pre-release domain cannot be moved from the winners account until the auction lock has been lifted, even to another eNom account. Auction lock is in place to cover eNom and NameJet in case the original registrant decides to renew during the redemption period in which case the domain would be removed from your account and a refund given. I particularly hate auction lock because apart from the risk of losing the domain, I would also lose out to two lots of currency conversions.

Another reason not to market during auction lock is that doing so might make original registrant more likely to redeem as it might give them the impression domain is worth much more than redemption fee.

 

[Name Trader]

I bought a domain recently at SnapNames. A private sale domain. I was able to transfer it out immediately. So this auction lock doesn't include private sales.

 

[Debt.tv]

I bought a domain recently at SnapNames. A private sale domain. I was able to transfer it out immediately. So this auction lock doesn't include private sales.

Private sales from namejet does get put on auction lock if its from ENOM. I had that happen also.

Does anybody know if it is just an enom thing?

 

[cache]

networksolutions also locks, but only a few days

 

[thevirtual]

Private sales from namejet does get put on auction lock if its from ENOM. I had that happen also.

Does anybody know if it is just an enom thing?

As far as I know it is only Enom. None of the other registrars I have won domains at, have placed domains on auction-lock. Some obscure registrars do make it very difficult to push domains, and all except Network solutions prerelease domains have a transfer wait time, as far as I know.

Also regarding Pending-delete domains from Namejet, they all are placed in Enom accounts. You will have to wait a week to push the domain.

 

[afako]

networksolutions also locks, but only a few days

Netsol only keeps a tab of 3 days.

 

[tricolorro]

THE MISTAKE: Won a domain from Namejet and it was an ENOM domain. I started marketing it and had a buyer for 10 times what I paid for it! Great Right!

WRONG

The domain was on auction lock and the guy told me he would be willing to wait. Well auction lock is done and he changed his mind.

THE LESSON LEARNED: Don't market domains until you can transfer them immediately.

Now I have to find a new buyer.

This is horrible.

Enjoy

Eric

Debt,

If this situation ever happens again try asking the Buyer to put down a small deposit.

The Buyer has agreed to buy and you have agreed to sell your domain at a certain price.

The auction lock delays the transaction which results in the Buyer reneging on the sale.

But it's a two way street.

If the buyer doesn't want to put down a deposit you could remind him that putting down
a deposit forces you to sell the domain at the agreed upon price.

Without a holding deposit you would be free to accept a higher offer if one comes along before the auction lock is lifted.

 

[nayfeee]

Had the exact same thing happen to me. Bought a domain at auction and found a nice end user sale. The buyer paid me and then I tried to transfer the domain and was unable to.

Fortunately they are very patient and are waiting for the domain. I Can push it tomorrow and the sale will be completed thankfully.

Hope you manage to get a sale worked out or find a new buyer