discuss I don't believe in appraisals. Do you?

[Arpit131]

I am not a big fan of automated appraisals.
Sometimes, if I do need an appraisal for some of my domains, I check similar domain sales on Namebio or consult some expert for a rough estimate.

Here is a quick example of how appraisals may differ:

If you use Namejet you’ve noticed they’ve added the Estibot valuations to the domain auction page. I happened to do a quick double check and found that the value that Namejet is listing for a domain per Estibot is different then the value listed on Estibot with the value on Namejet being almost DOUBLE.
Source

How about you?
Do you use Estibot or any other appraisal seriously?

 

[gilescoley]

Never use automated appraisals, its like picking a number out of a hat

Rather get appraisals from humans

 

[Kate]

It depends on whom is handing out the appraisal
It must be human, or it is useless.

 

[Rajnish Prasad]

Atleast not of Estibot its better to get appraised by experts or post in forums

 

[frank-germany]

all appraisals are BS

nobody other then the buyer can know how much its worth to them
and only you know for how much you are willing to give it away

domains are unique
there is no comparison possible

 

[Nerevar]

IMO, an appraisal should be a combination of domain name, price, time, and probability to sell. E.g. "if you price this domain at $1,000, I believe you have 5% chance to sell it within a year - while if you price it at $300 I believe you have 50% chance to sell it within a year."

 

[vicky4712]

I am not a big fan of automated appraisals.
Sometimes, if I do need an appraisal for some of my domains, I check similar domain sales on Namebio or consult some expert for a rough estimate.

Here is a quick example of how appraisals may differ:

If you use Namejet you’ve noticed they’ve added the Estibot valuations to the domain auction page. I happened to do a quick double check and found that the value that Namejet is listing for a domain per Estibot is different then the value listed on Estibot with the value on Namejet being almost DOUBLE.
Source

How about you?
Do you use Estibot or any other appraisal seriously?

No,I don't believe in any appraisal.

 

[frank-germany]

IMO, an appraisal should be a combination of domain name, price, time, and probability to sell. E.g. "if you price this domain at $1,000, I believe you have 5% chance to sell it within a year - while if you price it at $300 I believe you have 50% chance to sell it within a year."

my question would be more like:

what is the chance to sell it for $1.5K - $15k - or $150K ?
no matter how long it takes

 

[Nerevar]

my question would be more like:

what is the chance to sell it for $1.5K - $15k - or $150K ?
no matter how long it takes

The market is not very foreseable. The line of sight is around 3 to 5 years I believe.

 

[Rajnish Prasad]

The market is not very foreseable. The line of sight is around 3 to 5 years I believe.

It totally depends in the domain name. If its a premium domain and is highly liquid then time factor is secondary...$1000 within 1 year..!!!!!!
$100k is rather possible within 1 year if you have 2 L or 3 L or 2N domains.

 

[LaunchUp.com]

1. Automated appraisals are never going to be accurate, sometimes too high
2. The Benefit of Human Appraisals though is that experienced domainers can save you alot of money by showing you how crappy your name is. This allows you to make more eductated purchases andincrease your chance of sales.
3. On the other hand Human appraisals can be off too. I think this is so because everyone sees names differently.. I've had names where people directed me to drop them then I get PM's from people(on NP) who want to purchase for multiple times the reg fee, some even sold for high xxx to low x,xxx out side.
4. Also, I think that some names are excellent startup names(2-3 word brandables etc), so you can't appraise the name like it's a llll domain or chip, it's not that simple. it's not so called liguid-the value comes from end use. I also don't think people appraise names with the vision of a enduse in mind. They are giving an appraisal a domainer would pay for it, and i guess would resell for much more(which often happens).. Example I remember seeing a name called Braincode.com. and people were appraising it for xxx the most(not sure if it got later appraisals), but I appraise names on it's enduser potential and brandability.. A name like that you can't think in a box..The person is not looking to sell to a domainer.. In my mind the name is highly brandable so I wouldn't appraise that for less than low x,xxx. Now I don't believe in asking for outrageous prices if the domain is straight up garbage like fiballalyo.com etc.. We have to appraise based on end user potential. but if you are selling the name to a domainer then keep it low since they have to resell to make a profit.

 

[Recons.Com]

Auto appraisals are not useless. They are just one piece of a puzzle. They can provide valuable info, if you understand their methodology and shortcomings. And you can predict the instances where they will be useless. For example, Estibot very often puts very high value on typos and for long time they were grossly underestimating LLL.coms

DomainIndex bases almost everything on searches for the term and $ per click and competition for it. So, if there is no competition for the term, they will put ZERO on value. That is why many LLLLs will show with zero value there, which is pretty dumb, but at least you get it why.

 

[frank-germany]

The market is not very foreseable. The line of sight is around 3 to 5 years I believe.

thats why I need 6 years on average to sell a domain

 

[Recons.Com]

On the other hand, I have seen more often human appraisals be off the mark. I have seen tens of people say reg fee or close for something that gets many people bidding for hundreds and thousands on actual auctions...

 

[frank-germany]

its a matter of 2 people agreeing on a price
most of the time it will be far off any appraisal
up or down

check estibot for a name appraisal
if the domain appears in the drop list

reg it-
and check back 3 weeks later
very often the price will be drastically different

 

[Asfas1000]

IMO, an appraisal should be a combination of domain name, price, time, and probability to sell. E.g. "if you price this domain at $1,000, I believe you have 5% chance to sell it within a year - while if you price it at $300 I believe you have 50% chance to sell it within a year."

This is exactly the way I have started appraising my own domains since last month.

I use a time span of 3 years, an Excel sheet and probabilities to my best knowledge

 

[DomainVP]

There are only TWO values that matter when it comes to domaining, how much someone will pay, and how much you want.

 

[Cdomains]

Automated appraisals are B.S.

 

[Area52]

Domain appraisals are worthless.

 

[SpareDomains]

Generally not a fan of any automated appraisal. If it values it above my opinion I may quote it. If it values it below my appraisal then I'll ignore it as have sold $8 domains with $0 appraisal for high XXXX. I never use them on purchase decisions though.