discuss Do appraisals influence buyer decisions

[MrMDMF]

Lets say you have a domain appraised by GD at $1200, you buy it for at handreg and list on afternic for $700. To the average Joe with a hope and a dream who decides to appraise the name before they buy, that is a fantastic deal. As domainers we all know that these appraisals are worthless, but to the layperson, wouldn't this be a considerable factor in influencing there purchase?

 

[King]

Unfortunately yes, some end users will bring up appraisals when trying to negotiate a cheaper price, they especially bring up GoDaddy appraisal. Names I add to afternic that are indeed worth around the range of the appraisal (mainly brandable & SEO names) I set them right under the price to entice the buyer.

If they reach out with an offer and the GD appraisal, you have the option to counter with Dynadot's appraisal, which tends to be higher.

 

[MrMDMF]

Unfortunately yes, some end users will bring up appraisals when trying to negotiate a cheaper price, they especially bring up GoDaddy appraisal. Names I add to afternic that are indeed worth around the range of the appraisal (mainly brandable & SEO names) I set them right under the price to entice the buyer.

If they reach out with an offer and the GD appraisal, you have the option to counter with Dynadot's appraisal, which tends to be higher.

It makes sense; that seems like it would be a blessing and a curse. On Afternic, do you set all your domains roughly below the "appraisal" value, or do you have exceptions that you reference Dynadot for?

 

[AEProgram]

a nice task for us to do is create a page to counter the appraisal damage (which is flawed) to domain sales.

The page should have 25 domains that sold for way above the gd appraisal. And it should show how different domain appraisal services vary a lot. GD might say 1500 and another 7500

After a potential buyer is sent that page, their appraisal issues will be solve.

I will start

BabyAndBeyond.com Sold for 350,000 - GD Appraisal $5,750 - Dynadot appraisal $7,857 - Atom Appraisal $14,999 (I can't do estibot, site doesn't load, they have the most paranoid security system second only to namebio)

As you can see here, if you had a list of 25 of these samples, a potential buyers loses the whole appraisal argument right away.

 

[MrMDMF]

a nice task for us to do is create a page to counter the appraisal damage (which is flawed) to domain sales.

The page should have 25 domains that sold for way above the gd appraisal. And it should show how different domain appraisal services vary a lot. GD might say 1500 and another 7500

After a potential buyer is sent that page, their appraisal issues will be solve.

I will start

BabyAndBeyond.com Sold for 350,000 - GD Appraisal $5,750 - Dynadot appraisal $7,857 - Atom Appraisal $14,999 (I can't do estibot, site doesn't load, they have the most paranoid security system second only to namebio)

As you can see here, if you had a list of 25 of these samples, a potential buyers loses the whole appraisal argument right away.

I'll keep that in mind, thank you.

Do you reference namebio or do you have a custom page showing this?

 

[King]

It makes sense; that seems like it would be a blessing and a curse. On Afternic, do you set all your domains roughly below the "appraisal" value, or do you have exceptions that you reference Dynadot for?

Not all domains, many are 5 figure names, it's rare for an appraisal tool to give a 5 figure value.