Dan.com

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

NameSilo
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Well, God Bless you the mods. It is good to have you there to tell the rest of us what is true when two sides are giving different stories.
The mods are misleading you.

I asked him to remove privacy so I could verify ownership. That is when he said he was new at this and would contact the registrar for help. His response had nothing to do with the sale of the domain.


  1. Can you remove privacy to prove you own it?

    Keith, Tuesday at 9:52 AMReport
    Reply


  2. Melatonin PurveyorUpgraded MemberGold Account
    I'm brand new at this. Sorry to impose on your time, but how do I do that? The domain is registered at Dotster and I don't see anything about that.
 
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I asked him to remove privacy so I could verify ownership. That is when he said he was new at this
The relevant part is that he is "new at this."

"Asking price" to a newcomer can be interpreted as "the price at which I will strongly consider selling" (negotiable) or "the price at which I will sell" (firm).

The reason for him stating that he's new isn't important to establishing whether he understood "asking price," only that he's new.

That's the information we use to try to establish intent, but it's not perfect.
 
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The relevant part is that he is "new at this."

"Asking price" to a newcomer can be interpreted as "the price at which I will strongly consider selling" (negotiable) or "the price at which I will sell" (firm).

The reason he expressed that he is new isn't important to establishing whether he understood "asking price," only that he is new.

That's the information we use to try to establish intent, but it's of course not perfect.
He may be new but he was aware enough to edit the title of the thread to add the price. That should show his intent.
 

Abdullah Abdullah

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This is why I don't venture into make offer threads. Even after making a qualifying offer, it's still left for the seller to agree to that offer before an agreement is reached.
Which is actually good because otherwise why do they say make offer. Many domainers make minimum offer for their listings on some marketplaces but when a buyer offers that minimum offer, no one sells. They negotiate. This is practically the same and to get better clear picture, read the posts of the mods.
 

FolioTeam

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Which is actually good because otherwise why do they say make offer. Many domainers make minimum offer for their listings on some marketplaces but when a buyer offers that minimum offer, no one sells. They negotiate. This is practically the same and to get better clear picture, read the posts of the mods.
I actually agree which is why I avoid that section. There is too much ambiguity involved in make offer situations in general IMHO.

For instance, as an end user, you can chat up a seller via the make offer option at Dan, telling them you want to buy a name for say 500 which might be acceptable to them. But because the final say lies with the seller clicking that button to show agreement, the ball is always at the seller's court.

But with BIN, you as the buyer has the final say.

Funny thing is that, in this particular situation, I actually see both sides making valid points.

Maybe Namepros can set up a Minimum Offer button that people must fill out to specify the minimum they are willing to consider when putting up names in the Make Offer section instead of people writing it out in the post. It would go a long way to help newbies and people who aren't too conversant with the system.
 

BrandEntrance.com

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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?
Asking price is a baseline as far as I am concerned. Unless he specifically said deal then it was just an offer at the asking (start>) price.

Buy it now on the other hand. That should be honoured.
 
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creataweb

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Why not? New at domaining is possible. I have seen many business owners who dont know what their domain worths.

New at the term "asking price"?

When he had his online business and someone emailed and said what is the asking price of this particular product, I'm sure he full well knew what that meant :xf.laugh:
 

Abdullah Abdullah

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New at the term "asking price"?

When he had his online business and someone emailed and said what is the asking price of this particular product, I'm sure he full well knew what that meant :xf.laugh:
Yeah but in an offer way not BIN. Asking price is not a BIN in anyway.
 
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Yeah but in an offer way not BIN. Asking price is not a BIN in anyway.
When you want to buy certain goods or services, you ask what the price is. You’re given the price and that’s that. If I ask discount tire how much tires are, they provide a price. If I agree to pay the provided price they don’t say, ah never mind the price we quoted, that’s no good now. They honor the quote.

Same here. I asked how much it would cost for the domain and was given an exact amount. The seller could’ve said, I’m not sure, let me do some research. That didn’t happen though.
 

Abdullah Abdullah

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When you want to buy certain goods or services, you ask what the price is. You’re given the price and that’s that. If I ask discount tire how much tires are, they provide a price. If I agree to pay the provided price they don’t say, ah never mind the price we quoted, that’s no good now. They honor the quote.

Same here. I asked how much it would cost for the domain and was given an exact amount. The seller could’ve said, I’m not sure, let me do some research. That didn’t happen though.
Keith, shit happens and you could get better names I believe with the money you have but I cant agree with you on this because you said you were given a price then you were trying to lower it by offering two different prices which were counter to the price you were given, then when you decided to meet the price you were given at the start, the seller did not say fine, deal , but he told you that he found out about paid appraisals and such, so basically no agreement was there. This is what you said and posted.
 
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Keith, shit happens and you could get better names I believe with the money you have but I cant agree with you on this because you said you were given a price then you were trying to lower it by offering two different prices which were counter to the price you were given, then when you decided to meet the price you were given at the start, the seller did not say fine, deal , but he told you that he found out about paid appraisals and such, so basically no agreement was there. This is what you said and posted.
I agreed to the quoted price within 5 hours. He didn’t say anything about appraisals until the following day. Obvious case of sellers remorse.

And yes, there are better domains at that price from sellers with more integrity.
 
If all this is because he is new, maybe time to restrict new members from marketplace till they understand rules. Maybe a form they need to sign digitally that they understand rules. stay on topic, sorry this all happened and we learn that the ask is not the bin, unfortunately at Keiths expense( loss)
 
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I've always associated asking price with high end of your valuation, so you don't scare the buyer away. I would love to get my asking price for every domain. Sorry Keith, better luck next time.
Absolutely. The ask is a wish. This seller @Melatonin Purveyor is simply not an honest person.
 

capybara

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Do people even look into dictionaries these days?

Collins Dictionary said:
The asking price of something is the price which the person selling it says that they want for it, although they may accept less.
https://www.collinsdictionary.com/dictionary/english/asking-price

Merriam-Webster said:
the price at which something is offered for sale

Examples of asking price in a Sentence
The original asking price for the car was $20,000, but I was eventually able to buy it for $18,000.
https://www.merriam-webster.com/dictionary/asking price

Cambridge Dictionary said:
the amount of money someone wants when they sell something, especially a building or a piece of land:
https://dictionary.cambridge.org/us/dictionary/english/asking-price

There should be no discussion about what "asking price" means, normally...
 
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This is the last post I’ll make here but the mods should have a serious look at the definitions of “asking price” and also the rules here at NP. I was robbed.

@Mod Team Bravo
@Mod Team Alfa @Mod Team Echo
@Melatonin Purveyor

Being new to a forum doesn’t excuse this behavior. We’re in a business environment and if you come to play you better be prepared.
 
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the mods should have a serious look at the definitions of “asking price”
There should be no discussion about what "asking price" means, normally...
Reminder: The seller only used the word "asking" and the seller never used the term "asking price." Keith used the term "asking price."

But, as a basis for discussion, let's say the seller used the term BIN ("Buy It Now") and offered Keith a BIN of $10,000.

The seller would still not be obligated to sell, as explained by @Mod Team Echo, because Keith countered that offer. If you counter an offer to sell, then that is a rejection to the offer and it becomes null and void, even if you change your mind minutes later and want to accept it. Then, your offer to pay $10,000 after rejecting it becomes a new $10,000 offer that the seller must accept before it becomes an agreement.

These are the standards we use for negotiations as moderators.
 

Abdullah Abdullah

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Reminder: The seller only used the word "asking" and the seller never used the term "asking price." Keith used the term "asking price."

But, as a basis for discussion, let's say the seller used the term BIN ("Buy It Now") and offered Keith a BIN of $10,000.

The seller would still not be obligated to sell, as explained by @Mod Team Echo, because Keith countered that offer. If you counter an offer to sell, then that is a rejection to the offer and it becomes null and void, even if you change your mind minutes later and want to accept it. Then, your offer to pay $10,000 after rejecting it becomes a new $10,000 offer that the seller must accept before it becomes an agreement.

These are the standards we use for negotiations as moderators.
I dont know why people dont see it like this as this is how I saw it from the start and even Keith said the seller did not reply with deal when he said ok lets do it at your price of 10K. So yes, no agreement was reached.
 
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Reminder: The seller only used the word "asking" and the seller never used the term "asking price." Keith used the term "asking price."

But, as a basis for discussion, let's say the seller used the term BIN ("Buy It Now") and offered Keith a BIN of $10,000.

The seller would still not be obligated to sell, as explained by @Mod Team Echo, because Keith countered that offer. If you counter an offer to sell, then that is a rejection to the offer and it becomes null and void, even if you change your mind minutes later and want to accept it. Then, your offer to pay $10,000 after rejecting it becomes a new $10,000 offer that the seller must accept before it becomes an agreement.

These are the standards we use for negotiations as moderators.
Of course the seller used asking price. He said asking $10,000. The $10,000 is the price. What planet are you guys on?
 
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Of course the seller used asking price. He said asking $10,000. The $10,000 is the price. What planet are you guys on?
The planet where "ice cream" is one thing and "ice" is another.
  • "Tennis shoes" vs. "tennis"
  • "Car wash" vs. "car"
  • "Solar system" vs. "solar"
  • "Movie theater" vs. "movie"
  • And so on
 

HotKey

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10k is the ask. Just because you've met the ask, does not mean it ends there. The seller must accept your offer at the ask before it becomes binding. Asking price is no where near the same as BIN. Another offer came in after yours, at higher than the asking price.

Meeting a BIN is immediately binding to both parties.

As far as I could tell, the OP felt immediate entitlement to a domain because he met the sellers asking price, before the seller even accepted it.

What was that about planets?
 
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