status-resolved Is an asking price the same as Buy It Now?

[Keith]

Hi all,

Just what the title says. If someone says they’re asking $10 for a domain and you agree to pay $10, is it binding per NP rules?

 

[equity78]

Yeah maybe language

I believe they are from Utah.

 

[dirk]

Given the backstory the domain owner provided I don't think it's rocket science to understand in what way his 'asking price' should be interpreted.

Then again, if NP rules are different... Unless he specifically agreed upon your offer I don't see much room for you to pursue the acquisition as stated in the offer. And even so, what if he just decides to ignore any NP ruling? The domain is easily worth the $10K. If I were not tied to the domain industry trying to sell this name I would give fuck all about a domainer forum and walk away if people were trying to force a sale on me on the cheap.

 

[Keith]

Given the backstory the domain owner provided I don't think it's rocket science to understand in what way his 'asking price' should be interpreted.

Then again, if NP rules are different... Unless he specifically agreed upon your offer I don't see much room for you to pursue the acquisition as stated in the offer. And even so, what if he just decides to ignore any NP ruling? The domain is easily worth the $10K. If I were not tied to the domain industry trying to sell this name I would give fuck all about a domainer forum and walk away if people were trying to force a sale on me on the cheap.

Nobody is forcing anything.

My position is that NP should ban the user if the sale doesn’t complete and never let this seller list this particular domain for sale again.

Also, you say it’s worth x amount but haven’t offered to pay it in a binding way via the rules at this business establishment.

 

[equity78]

Given the backstory the domain owner provided I don't think it's rocket science to understand in what way his 'asking price' should be interpreted.

Then again, if NP rules are different... Unless he specifically agreed upon your offer I don't see much room for you to pursue the acquisition as stated in the offer. And even so, what if he just decides to ignore any NP ruling? The domain is easily worth the $10K. If I were not tied to the domain industry trying to sell this name I would give fuck all about a domainer forum and walk away if people were trying to force a sale on me on the cheap.

Well on this forum whether someone graduated with a degree in aerospace engineering the minimum requirement to become a rocket scientist.

You don't need that to read Melatonin.com - asking $10k means you are asking $10,000.

But I do agree with you a non domainer will not care about abiding by the rules of Namepros.

Most importantly you would not need to be a rocket scientist to know to seek someone like @Kate Buckley or Dave Evanson to sell this for you rather than a namepros thread.

 

[Keith]

But I do agree with you a non domainer will not care about abiding by the rules of Namepros.

They should care. It’s easy to find out who the owner is behind the mask. I might not let this go easily.

 

[dirk]

Well on this forum whether someone graduated with a degree in aerospace engineering the minimum requirement to become a rocket scientist.

You don't need that to read Melatonin.com - asking $10k means you are asking $10,000.

But I do agree with you a non domainer will not care about abiding by the rules of Namepros.

Most importantly you would not need to be a rocket scientist to know to seek someone like @Kate Buckley or Dave Evanson to sell this for you rather than a namepros thread.

Lol, I totally agree I wouldn't have listed a name like this unless I was trying to get some exposure and would have let a broker handle the negotiations.

That being said, in a lot of asset trading an asking price does not equal BIN. I don't think NP is very clear on that, just saying.

But sure, obviously, if rules have been broken the user should be banned. No matter what the deal is, what amount, venue rules have to be followed and I think in general the mods do a very fine job.

 

[equity78]

They should care. It’s easy to find out who the owner is behind the mask. I might not let this go easily.

No I meant not care about getting banned from Namepros, hell over the years domainers have expressed to me it's just about money I don't care if Namepros bans me. On Sedo people used to say to me let them ban me Raymond I will be back with a new account, new email, new ip address in two days.

I mean yes you could go after them I was not saying that.

 

[dirk]

Nobody is forcing anything.

My position is that NP should ban the user if the sale doesn’t complete and never let this seller list this particular domain for sale again.

Also, you say it’s worth x amount but haven’t offered to pay it in a binding way via the rules at this business establishment.

If asking price equals bin, yes. Totally. Not knowing a forum well enough is never an excuse to break tge rules. The seller should have done his reading up on the rules.

Basically it comes down to what the mods think about it and their stance would shed some light on how we should interpreted these kind of offerings in the future.

 

[Abdillahi Abdillahi]

They should care. It’s easy to find out who the owner is behind the mask. I might not let this go easily.

I understand where the mods are coming from. The thread is not in a fixed price for and the guy did not add a BIN. Normally, asking is a starting point as you already mentioned and I clearly sense the guy is aware of the value of the domain and his asking price is a sort of min/start price. Lets take into consideration the other guy who said he will offer 11K? Do you believe he didnt understand it?

With that said, I believe there is nothing you can do about this specially when you where negotiating through Pm offering 6,7K. Looks like you want the domain badly but I would say it is better you negotiate cause there is a competition for the name ,apparently. A make offer price that has a min like the forums here is not binding at all and the seller would need to accept. We see these everyday, people posting in minimum $500 forum for example, while this might seem a BIN, it isnt, the seller would need to accept and post in the thread sold or quickly close it.

 

[Keith]

If asking price equals bin, yes. Totally. Not knowing a forum well enough is never an excuse to break tge rules. The seller should have done his reading up on the rules.

Basically it comes down to what the mods think about it and their stance would shed some light on how we should interpreted these kind of offerings in the future.

It’s not about forum rules. The seller used language that they fully understand. I’m asking x amount.

It’s honest and fair to accept an offer at which you’ve said you’ll accept.

 

[Josh R]

$10K is not even that low in the current market for high-end names. Seller needs to honor the deal, and NamePros mods needs to enforce it.

 

[equity78]

There is no reason for this forum to have ambiguous language.

Say buy it now or taking offers. ASKING PRICE has go to go. Because someday someone is going to piss off the wrong person.

 

[Keith]

There is no reason for this forum to have ambiguous language.

Say buy it now or taking offers. ASKING PRICE has go to go. Because someday someone is going to piss off the wrong person.

It’s like saying I want xyz and when someone graciously offers xyz, you say nope, I want more. That’s not operating with integrity.

 

[creataweb]

It’s like saying I want xyz and when someone graciously offers xyz, you say nope, I want more. That’s not operating with integrity.

Exactly what I said. I bet seller leaves forum after this incident.

 

[Abdillahi Abdillahi]

We have many members who English is not a native language so it could be just a misunderstanding.

To me asking price = Buy It Now

You don't really need a lawyer for this case. Just make sure they passed the English 101 class before joining any forum.

John, congrats. I gave my first Disagree to you. Could you please read the first part of your post again and again and see if it is structured well? , I mean, afterall, you did hint you are native English speaker.

 

[johnn]

FYI I am not a native English speaker.
What I meant was there may be a misunderstanding in language.

 

[dirk]

FYI I am not a native English speaker.
What I meant was there may be a misunderstanding in language.

Could be. Or niche differences. Like mentioned before, in real estate it's very common to state an asking price. Given the right circumstances a well thought through asking price will result in a higher sales price. It's a negotiation tactic that works very well. Underask for your asset, draw attention to it and get a 'bidding war' going.

Should it have a place at NP? Not sure, but that's basically why Keith opened this thread I suppose. To get clarity and opinions from both mods and members regarding asking prices. It's a question worth the be asking.

 

[Domain Truth]

Could be. Or niche differences. Like mentioned before, in real estate it's very common to state an asking price. Given the right circumstances a well thought through asking price will result in a higher sales price. It's a negotiation tactic that works very well. Underask for your asset, draw attention to it and get a 'bidding war' going.

Should it have a place at NP? Not sure, but that's basically why Keith opened this thread I suppose. To get clarity and opinions from both mods and members regarding asking prices. It's a question worth the be asking.

In real estate, homes are sold above asking price all the time. Cars get sold above sticker price also. It's up to the seller to honor this sale but good luck if you think forum moderators can force him to do anything if he's had a change of heart.

 

[Keith]

I’m sorry but the mods here have it very wrong and the owner of Namepros should clean house -


Thread:https://www.namepros.com/threads/melatonin-com-asking-10k.1186787/
Forum listed in: Make Offer
Title statement: "Asking $10k"
Moderator actions: The thread originated in the make offer forum and was not moved there by a moderator.

Conclusion: Make offer Forum coupled with the word "Asking" provides context that the seller is open to negotiation.

Seller rejected your negotiation offer:
↑
I'm on with Dotster's tech support now as to why my contact information isn't showing up. Yes, I'd use escrow.com. Thanks for the offer on the amount. I'd like to hold and see if I can get a higher amount.
2nd negotiation rejection by seller:
↑
Sorry for all the trouble. I'm a mess at this. I just noticed this morning that I can get appraisals on it, which I then paid for, and I'd like to see what they think.
Once a negotiation is terminated, all offers are no longer binding. Which means that anything offered after the last rejected offer is a new negotiation.

Unfortunately, the seller is no longer bound to sell, however, we do require that they provide proof of ownership for the domain now, for security reasons.

 

[Keith]

Mods you are absolutely wrong. The seller rejected my initial offer but maintained the asking price, both in PM and the ask publicly.

You also do not note that I agreed to the ask prior to the seller stating they wanted an appraisal. Sloppy work on your end!