Got offer on SEDO: Auction or Counter Offer? Please advise

[estibot.com]

I just received my first SEDO offer (Yay!) and even though I had not set a price but listed the domain as "make offer", I am offered the option to start an auction with the first offer being the reserve price.

Should I start an auction? The name in question is nudance and the extension is com. Please tell me what you think? Auction or counter offer? It would be interesting to see if the auction feature delivers.. The offer was for about $300

The auction would sure bring more visibility. I am also thinking maybe starting an auction and posting to relevant newsgroups to inform that such a name is being auctioned. On the other hand, I don't think the peers in question are too domain savvy and may be confused by SEDO...

OK you name gurus, help me out!

 

[JasMate]

I just received my first SEDO offer (Yay!) and even though I had not set a price but listed the domain as "make offer", I am offered the option to start an auction with the first offer being the reserve price.

Should I start an auction? The name in question is nudance and the extension is com. Please tell me what you think? Auction or counter offer? It would be interesting to see if the auction feature delivers.. The offer was for about $300

The auction would sure bring more visibility. I am also thinking maybe starting an auction and posting to relevant newsgroups to inform that such a name is being auctioned. On the other hand, I don't think the peers in question are too domain savvy and may be confused by SEDO...

OK you name gurus, help me out!

Go the auction, the buyer's offer is still binding if it does not sell at auction (I do believe).

 

[McDot]

If you go to the auction, you should have in mind, that a final sale for $300 would be posible and also binding. IMO you should first know for what lowest price you would be willing to sell. As soon as the potential buyer reaches this price, that is the moment to go to the auction.

i.e. you would sell for minimum $500
Make a counteroffer of 1.000 and hope the buyer will increase his offer to $500
Then go to the auction with no risk of selling under price.

 

[estibot.com]

Make a counteroffer of 1.000 and hope the buyer will increase his offer to $500
Then go to the auction with no risk of selling under price.

I don't think you can do that. That would be totally unfair to the buyer.

 

[McDot]

Of course you can!!!
You can start an auction after any valid buyer offer.
In the example above, the buyer can avoid this by buying at the $1.000 you offered.

I'm not talking about what is fair, and what not.
I'm just saying what the new rules allow!!!

 

[PolurNET]

Hmm, I'd say stick with the offer for the domain you referenced, maybe counter offer with a few hundred more, but after that you may be a little too pushy and might lose the potential.

 

[estibot.com]

Of course you can!!!
You can start an auction after any valid buyer offer.
In the example above, the buyer can avoid this by buying at the $1.000 you offered.

I'm not talking about what is fair, and what not.
I'm just saying what the new rules allow!!!

OK, thanks I'll look at it.

 

[accent]

Remember that buyers can bug out, more likely if you stress them.