question Buying overpriced domain

[Truespin Domains]

There's a domain I want that's on undeveloped with a minimum offer of 3k. It's in my country's extension and is free in loads of common extensions. It's also an uncommon name with no wider meaning.

It's worth a few hundred at best, and that's pushing it.

What's the best way to approach? Offer 3k and then say not willing to pay that much when they get in contact? I'd use a throwaway email, so to avoid the silly "this is legally binding" nonsense on undeveloped.

 

[bmugford]

There's a domain I want that's on undeveloped with a minimum offer of 3k. It's in my country's extension and is free in loads of common extensions. It's also an uncommon name with no wider meaning.

It's worth a few hundred at best, and that's pushing it.

What's the best way to approach? Offer 3k and then say not willing to pay that much when they get in contact? I'd use a throwaway email, so to avoid the silly "this is legally binding" nonsense on undeveloped.

It is just your opinion that it is overpriced. Value is subjective.

Just because you don't see the value doesn't mean others won't.

I doubt anyone is going to take 10% of a minimum offer.
If you don't think the domain is worth that range then I would just move on.

Brad

 

[garptrader]

If someone submits an offer on a domain and then says oh sorry I am only willing to pay 10% of that, how likely is it the seller will respond, with "fine the domain is yours" ?

 

[garptrader]

If you believe the seller's price expectations are unrealistic ($3000 minimum could mean they want $5k to $10k), and you are only willing to pay low $xxx for the domain, offering $3000 anonymously is not going to convince them their price expectations are out of whack. It is not only unethical but in violation of marketplace TOS. Failing to follow through will likely get you banned. Check and see if the domain is available in other marketplaces or just monitor it. If their entire portfolio is overpriced they will not sell many domains and will eventually have to come down to reality.

 

[wizard]

There's a domain I want that's on undeveloped with a minimum offer of 3k. It's in my country's extension and is free in loads of common extensions. It's also an uncommon name with no wider meaning.

It's worth a few hundred at best, and that's pushing it.

What's the best way to approach? Offer 3k and then say not willing to pay that much when they get in contact? I'd use a throwaway email, so to avoid the silly "this is legally binding" nonsense on undeveloped.

Reach out to undeveloped.com and they can speak to them

 

[NamePrime]

The seller might have specifically put the minimum offer and made his/her whois private to avoid buyers like you.

The value of a domain is very much subjective. Respect the seller. If you can't afford it, move on.

 

[NickB]

All you can do is offer what you think it's worth (or lower!)

Do not make an offer that you are not willing to pay for - that in mind is unethical

 

[BaileyUK]

Well without any of us knowing the domain. Its difficult for any of us to agree with your self-interest valuation or your assertion of "Silly Pricing". So you have to expect some to think your approach of Offering-then-retracting as unacceptable. You stated you'd use a throw away email address, so your already of the mindset that its wrong in the first place.

You asked the question and got your answers - So don't be touchy yourself, as you say just put it on a watch-list and wait things out. Maybe also ask yourself just how disappointed you'd be if you see the domain sold - and reevaluate

Personally, I'd be well pissed-off if someone created a fake-offer just to come in with a subsequent 10-20% offer. I may be forgiving if it was around 80% I think most of us that list at high (?) fixed prices aren't that fussed about frequent sales. but are fed-up with constant low offers, The 10% low-ballers

 

[EbookLover]

He wants retail prices (you call that "overpriced" because you're a domainer) but you want to pay liquidation prices. This deal is unlikely to happen.

Move on. After all, it's just a worthless domain, right

 

[Brands.International]

If they have some minimum offer set, that means they will not accept anything lower then that (in most cases).

There are rules in place, and those rules have meaning. Sellers do not appreciate all those low ball offers and tricks. It happend to me several times, and it is just pure waste of time.

So if you like the domain pay for it, and if you think it is overpriced, try to get a close alternative, for reg fee

 

[NickB]

Reach out to undeveloped.com and they can speak to them

Again, if this happened to me I would be asking Undeveloped what business is it of yours?

I am using their platform and have set my prices and then get the platform reaching out and saying a low ball offer has come in - My response? Minimum price is set, go away and don't interfere......wait for your commission (if and when it happens)

 

[dande]

I've paid well over 3k for domains in the past. But this one really isn't worth anything near that, to anyone.

It isn't worth anywhere near 3k for anyone and you have been on it for months? For the fact you have been on this domain for months, looking for every possible means to contact the owner, means the domain is worth more. Except you're an idi*t who goes about hunting craps?

Everyone has the right to set the price for their domain names. All you'd do in this regard is buy or walk

 

[TheBaldOne]

I think it is the fact he is willing to make a bad faith offer that sticks in most peoples throats.

Domaining has not changed since when I first started in it, or at least it would seem. Most domainers expect to be dealing with people whose word, and hence offers/bids, can be trusted - however, unfortunately there are those who do not recognise that 'trust' in a person's word is of absolute importance in this business.

Most domainers do not know each other, indeed we are just people somewhere on this globe, and when one acts or suggests they will act in a way that 'trust' is broken means that it denigrates the whole ethos of how this business should operate.

As I am no longer a full time domainer by any means it is of little import to me personally, but surely it is not only in the domaining sphere but in business and life generally that the above applies.

 

[NickB]

That's the problem. The system won't let me offer less than 3k.

But I have no other way of getting in touch.

arghh sorry Should of known that......

Any Whois details?

 

[Avijit Roy]

Check whois details of the domain, then mail him.

 

[cabotower]

if the seller has an undeveloped nickname you could try making contact through namepros.an undeveloped nickname isn't exactly a secret.a longshot i know.

 

[NickB]

If there is no other way . . .


I get offers from time to time and I never have high expectations. Deals can fall apart at any time. You aren’t messing up an auction. Send him the 3k offer and start the conversation. If not willing to accept 3k himself once he counters you are off the hook legally.

Sure it’s murky waters but if you explained that to me I might still say no to your offer but hey it’s business.

personally if I set a min offer and someone tried this on me I would make it clear to that party they are taking the piss.....

But hey, that's just me........If you go down this route @whenpillarsfall let us know how it pans out......

 

[BRANDERX]

Have looked on & off for months, & just created a thread about it, asking for help..

Why do you want it so bad if it is such a mediocre domain?

I wouldn't want Undeveloped contacting me with lowballs when i've set a minimum offer.

Its not nonsense, you shouldn't be making offers you don't intend to honor.

That's why I love BINs..

 

[EbookLover]

try to send offer through domainagents.com, i have received few offers in the past for domains with privacy through domainagents

But doesn't that just add another $20 to the price of an already worthless domain?

 

[EbookLover]

I know this is contrary to popular domainer belief, but multiple drops over X period of time is only a small factor in the domain's worth for most domains.

Domainers like to think there is some cut and dried method of valuation, but that isn't the case for most domains born or yet-to-be-born.

I've been reading sites of some very renowned brokers and they all seem to believe the same: a domain's value is mostly what a prospective buyer is willing to pay - which is almost impossible to calculate, in general.

 

[NamePrime]

Why is everyone making this more difficult than it needs to be?

Are you referring to the OP? Because he's clearly the one who's making this complicated.

How much the domain owner wants for the domain?
Domain Owner: Sets minimum price.
OP: That's ridiculous! It's not worth that much! I need to contact him and offer a much much lower price.

How to contact the domain owner?
Domain Owner: Adds privacy to whois data.
OP: Can I offer to buy the domain and then don't complete the transaction just to contact the owner?

I get that we all want the lowest price possible but sometimes we just have to respect other people's wish.

 

[ben pedri]

This guy wants to buy a 3k domain that's probably pretty good for nothing meanwhile hes selling a so so adverb name like epically for 10k maybe worth a few hundred ,talk about being overprice ,this guy is just cheap,a hes telling others they have silly pricing

 

[Truespin Domains]

Here is a good example, what does this domain appraise for with Godaddy's appraisal tool?

You don't have to state the name, but let's just see how far you are from the goal post?

Even though there is no rhyme or reason to it, an over average valuation may indicate something.

$1,455

Estibot < $500

As I've tried to make clear. This really is a case of an okay domain having an ott price tag and no way to make contact with the owner.

I have spent many thousands on single domain names in the past, and have no qualms doing so when they are worth it.

But this isn't even really about price. It's about how people could be missing out on sales because of listing decisions.

As above, I'm not pursuing this anymore. Someone else will likely be getting my money...

 

[DOMAIN ILLUMINATI]

Regarding the sentence "BUYING OVERPRICED DOMAIN" (title of this thread) and regardless of what is the actual discussion here, I have to say, that if...

...someone buys an "overpriced" domain, it was obviously not overpriced because otherwise it would not have been sold.

It more had the "right price" because it sold.

 

[Truespin Domains]

All you can do is offer what you think it's worth (or lower!)

Do not make an offer that you are not willing to pay for - that in mind is unethical

That's the problem. The system won't let me offer less than 3k. You just get an error message.

But I have no other way of getting in touch.

This isn't a case of me trying to be a cheapskate .. I've paid well over 3k for domains in the past. But this one really isn't worth anything near that, to anyone.