How accurate are GoDaddy's domain appraisals?

[fonzie_007]

I am curious to know how accurate you think GoDaddy, or for that matter, any other company's domain appraisals are?

Your thoughts are appreciated.

 

[Jeff]

I am curious to know how accurate you think GoDaddy, or for that matter, any other company's domain appraisals are?

Your thoughts are appreciated.

I've never seen any, or personally paid for such services IMHO. :blink:
Do you have some examples of GoDaddy appraised domain names, etc?

Thanks for the thread.
-Jeff

 

[smub]

well asking this question how accurate an appraisal is point less !

appraisal is an educated guess of the value which is appraise by a professional.

OK! so lets take an astrologer, the guy who predicts your future week and what is going to happen to you. How accurate is that ? maybe 1/10 things are true

so same thing is with godaddy. They appraise your domain really high and when you sell it for a low price you get upset..

so dont take those appraisal serious

 

[Amnezia]

godaddy appraisals are good for the comedy value, that is all.

 

[fonzie_007]

Why I ask is that I have a prospective buyer who had a GD appraisal done on my domain name that came back ~$450 lower than what I was offering to sell the domain for.

The prospective buyer is relatively new to the domain field and I have tried to be as forthcoming in answering all of his questions, but I think he somehow feels like I am trying to cheat him. I've already replied to him with much of what Smub alluded to along with some of the criteria companies use for appraising.

I have to say that the GD appraisal forms are extremely vague and leave much to the imagination. I would even go so far as saying that their appraisal is worse (in terms of thoroughness) than 95% of appraisals that are done here at NP.

 

[EbookLover]

well asking this question how accurate an appraisal is point less !

appraisal is an educated guess of the value which is appraise by a professional.

OK! so lets take an astrologer, the guy who predicts your future week and what is going to happen to you. How accurate is that ? maybe 1/10 things are true

so same thing is with godaddy. They appraise your domain really high and when you sell it for a low price you get upset..

so dont take those appraisal serious

godaddy appraisals are good for the comedy value, that is all.

Right. No matter who is appraising a domain, it is useless. The only way you might be able to get an appraisal for a domain that might hold water is if there is something else (like loads of traffic) that is involved in figuring out the worth of the domains. A significant amount of traffic will help to quantify the value of the domain more accurately.

But if the domain is not getting any significant traffic or has some other quantifiable attribute to it, the domain will be hard to appraise. It's only worth what a buyer will feel like paying. While domains are like real estate, they are not as easily appraised as offline real estate is.

 

[cyberfixation]

GoDaddy sucked on the appraisal i paid to have them do for me. I was pretty upset about it. Check this out:

GoDaddy Appraisal - $48 - $134

AccurateDomains - $2,975 to $3,800

Zetetic appraisal - $7,500

These were all done within the same two week period.
So you can see there is quite a range and Godaddy was by far the lowest. I even got an offer for about $1200 at that time as well from Sedo.

... Domain is still for sale if you know anyone that wants this beaut!

But really most appraisals that are done without human intervention (as i believe both are from Godadd. even though on costs more and says that it is reviewed by a person... don't get me started on this one. urgg) they just take a a few different variables (like name length, TLD...) and correlate those against domains that have sold recently with the same variables to come up with a price.

The Zetetic one does that but does it with a ton of variables which is why i like that one the best (and well of course because it said the domain was worth more)

I hope that helps.... and i am definitely still looking to sell dSounds.com

 

[Epic]

Godaddy Appraisals are generally really high. They do this mostly just to please their customers and get more business.

Try using a different appraisal company if you're gonna get one.

 

[jj2ii3344]

Agreed with the comments above, IMO apprasials other than those given in this forum is far more optimistic than its actual value on the market, most of the times they are sold at less than 1% of the appraised value.

 

[cyberfixation]

Agreed with the comments above,

Sorry, which comments?

...IMO apprasials other than those given in this forum is far more optimistic than its actual value on the market, most of the times they are sold at less than 1% of the appraised value.

Do you have any data to back this up? Granted the market is constantly in flux but i think there are some very good (statistical) theories in place to HELP predict a buyer/seller. Don't you think that the price tomorrow is somewhat related to the price of something similar yesterday? That is all an appraisal (based in a statistical approach) is.

 

[EbookLover]

You know that would be an interesting thread, I think? One where you could post the various places you got appraisals for your domains, what that appraisal was and then what you actually sold it for.

I suspect that this would help to eventually somewhat prove once and for all that domain appraisals, no matter where you get them, are largely just best for entertainment value. I could be wrong, though. But, then, that is what would make the thread so interesting to me. :hehe:

 

[cyberfixation]

Your right Ebook, i really have never seen anything like that (also have not searched extensively) where you could compare the final selling price and previous appraisals. I think that would also be a huge help to the companies that do the appraisals...

Always scheming aren't you eBook?

 

[Kate]

I remember a while back on another forum, godaddy had art.us appraised for a ridiculous (low) amount.
I would not be surprised if godaddy appraisals are automated
On the other hand appraisals from Sedo have some substance. You may disagree with their finding but they are not totally out of line.

Simply put tell your customer that no two appraisals are likely to be the same. There is much room for subjective factors here.
After the true value is what an end user is willing to pay.
Better yet, submit the name here then you can send a link to your customer with our own appraisal :hehe:

 

[dna]

DSound Products might want your domain name.
They are currently using www.dsound1.com
as their web site. This is a real company.
I bought one of their guitar products myself.

 

[fonzie_007]

GoDaddy Appraisal - $48 - $134

This is extremely interesting. Your domain got the identical appraisal as the one my prospective buyer paid for. Seems somewhat fishy....

 

[EbookLover]

Maybe they have a chart and they just do a "eenie- meenie-minee-moe" and VOILA! That is your appraisal. :lol:

Wouldn't surprise me.

 

[cyberfixation]

This is extremely interesting. Your domain got the identical appraisal as the one my prospective buyer paid for. Seems somewhat fishy....

Same as in just the same price range or all the "variables" as well?

When did you do your appraisal? This one was done in Jan...

There is definitely something odd going on here.

Did you pay extra to have a "person" review it? I did...

 

[kev]

The appraisals on sites such as go daddy and sedo are generated by scripts. It does it using AI by giving values such as 5 for a .com and 1 for a lesser domain extension. The higher the value of the points calculated, the higher the price. Go Daddy and sedo appraisals are similar to accurate domains in the way they generate values

 

[fonzie_007]

My prospective buyer had the appraisal done and all I know is that he appraised value was identical to what cyberfixation's was. I am not sure if the individual values were the same or not.

 

[AmD950]

They tend to use some sort of "Value generator" which generator is "AS SEEN ON EBAY"....

Most of them are innaccurate, over-valued in some senses.