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Doing the right thing - How I could have made $35,000 but decided to move on.

Labeled as discuss in General Domain Discussion, started by Arfy, Feb 21, 2020

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  1. timestamp

    timestamp Established Member

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    He did the right thing. He saved his own a$$.
     
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  2. Arfy

    Arfy Aphrodite.com VIP

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    imaginary scenario? I had agreement in place and payment was coming through. He said he would pay immediately because a broker called him to say there was a strong offer ready to go (I didn't tell anybody to say that nor spoke to anyone about it). The offer of 100k was just a random number. Yes I could have put $1 but it would probably have been stuck in limbo with none picking it up. If I was trying to make a gain I would have seen this through to the end.
     
  3. Arfy

    Arfy Aphrodite.com VIP

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    The price quote was never supposed to hit him so there is no deal to honour. He never owned the domain name when the quote came through to him. That can easily be proven. I am not bragging lol.
     
    Last edited: Feb 21, 2020
  4. timestamp

    timestamp Established Member

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    But it did hit him.
     
  5. Don Gondon

    Don Gondon Established Member

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    I am not familiar with Uni but are the offers there, like, eternal? I doubt this, probably they are valid for a certain period and then expire like everywhere else. So Arfy most likely would have nothing to "honor" by the time another person received their domain back.
     
  6. Arfy

    Arfy Aphrodite.com VIP

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    Exactly. In fact I previously have asked Uniregistry if they can forward me old leads and they said they cannot legally do that even though a previous owner said it is ok to do so.
     
  7. Arfy

    Arfy Aphrodite.com VIP

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    You're right that is the way to go. But I had already asked him to remove it from the marketplace when I bought it and he confirmed he had done it.
     
  8. Arfy

    Arfy Aphrodite.com VIP

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    That also doesn't make sense. He is a seasoned domainer and knows how Escrow works. You're the one inventing imaginary scenarios here
     
  9. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    that is really XX
    -let's call it nonsense-

    you made an offer on a name at a 3rd party platform
    now you at least owe that platform the commission
     
    Last edited: Feb 21, 2020
  10. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Spot on
     
  11. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    How did Uniregistry feel about someone making an offer on their own name? I am sure they were not happy about that even if it was a test. Most places don't let you test that way with live offers they perceive as real.
     
  12. Keith

    Keith Top Contributor VIP ★★★★★★★★★★

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    Why is it frowned upon to test a system to make sure it works? And who cares what the registrar thinks, it’s not their asset that’s involved here.

    I personally wouldn’t make an offer for my own domain but in this case it’s a good thing the OP did. Otherwise, all his offers would go to the wrong person.

    Running tests isn’t a bad thing, especially when serious money is at play.
     
  13. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    I have figured out if you are Random User and you make an inquiry on a domain at Uni, and if it is a self directed account, it will route directly to the owner. Now say you make that purchase with the owner, the next time you make an inquiry, the system recognizes the same email, as a previous buyer, and routes you to a broker probably for the reason you are more likely to make another sale, and to provide you with more personalized service among other things. So anytime I make an inquiry now, I get routed to the same broker, I don't really like it because I don't want to do the dance, and want to get down to it with the owner, as you know brokers have to try, and extract the max price, and sometimes crazy ask of the owners.
     
  14. Keith

    Keith Top Contributor VIP ★★★★★★★★★★

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    You brought up a good point which nobody has touched upon. The OP didn’t ask for broker assistance and they should stay out of it.

    What makes a broker think they can sell better than me? In almost all cases the owner has the upper hand because they can negotiate directly, on the fly.
     
  15. PriyankaS

    PriyankaS Account Closed (Disallowed)

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    From headline it seemed you did some kind of charity and there will be some genuine upright story but this is not anything special and it is fully hypothetical.

    This whole situation was created by you. Instead of asking uni to remove it, You not only made fake offer on your name to start with but ALSO surprisingly happen to forget about it. then you didn't even realized when you got impromptu inquiry of past owner but you yourself understood situation much later after everything happened? And even after the whole scenario there was no guarantee of you receiving those funds.

    I don't believe overall you did anything wrong or intentionally created this situation, it was your way of testing it - fair enough but i also don't find this to be some morale upright story as headline suggests.
     
  16. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    It’s a catch in the system made to route previous buyers to brokers giving the house a better chance to retain a commission. Little tweaks that came after to try, and get more revenue I guess.
     
  17. BrandAptly.com

    BrandAptly.com Established Member

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    There's no greater irony than a bullet, aimed at an innocent bystander, ricocheting and hitting the shooter. Perhaps, the shooter deserved the bullet.
     
  18. Maximinus

    Maximinus Upgraded Member Gold Account

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    From the ethical point of view the "old owner" should have forwarded your own offer to you.
    Instead of doing so, he tried making 65k behind your back.
    I would have let him trying and get the 35k ;)
     
    Last edited: Feb 21, 2020
  19. Ostrados

    Ostrados Entrepreneur VIP

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    I salute your honesty and integrity bro, you did the right thing although it was not easy thing to do, I tell you that many would have taken the 35k without thinking.

    Respect
     
  20. -AR-

    -AR- Established Member ★★★★★★★★★★

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    I would have sold the domain and not thought that much about it if the offer came my way. But well done to you for being honest with yourself in this situation.
     
  21. Simpsonrocket

    Simpsonrocket Established Member

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    You did the right thing bro and I'm happy for that
     
  22. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    What morals does the previous owner have if he didn't remove the domain from all marketplaces, when asked. And then hides the offer he received, from the new owner. But instead tries to buy the domain back. That smacks of being immoral to me.

    That might urk me so much to actually go thru with the offer. It's up to him to sort out and deal with his own created kharma. But in the end, I'd probably reveal all to the old owner. However his actions bug me a lot. He doesn't deserve the heads up. IMHO.
     
    Last edited: Feb 22, 2020
  23. koolishman

    koolishman Upgraded Member Blue Account

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    Previous owner was a dick. Trying to make a quick buck.

    I am speaking about OP.
     
  24. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    Yeah. As I said. There are two sides to every story. Actions of the previous owner were outrageous. Trying to make a killing by not doing as requested, trying to buy the domain back without informing the current owner of an offer he received by NOT COMPLYING with the new owners request to remove the domain from all marketplaces. He actually DESERVES to be stitched up. IMHO.
     
    Last edited: Feb 22, 2020
  25. iKhalyfah

    iKhalyfah Restricted (Market)

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    Thank you for being a good ambassador and God will bless you!
     

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