Just got what seems to be a "legit" offer

[Sanwal]

Didn't know where to post and no one was online in the live chat area. Got an offer for a domain, he was like, "can i ask the valuation of the domain." (just a part of the email)

I replied with, "Please make your offer on '"x".com' if it's good enough we could talk further on this."

He gave me an offer, without any need for an appraisal (have got that many times and know it's a scam).

As this is basically or possibly my first big deal, would like some thoughts on what i should do next, a pm or reply would be greatly appreciated from an experienced helpful fellow domainer.
Cheers!

 

[jideofor]

did he refer you to an appraisal site? If no, then do more research

 

[Sanwal]

Yep as stated, no appraisal yet, i know once an email refers to a appraisal, means it's a definite scam.. Tried searching the guys name on google, none pointed to a scam, just a linkedin page of him, even tried copy pasting his exact message, nothing that points to scam.

His offer is good enough for my domain, and i have already told him to go ahead with the deal. Waiting for his reply now.

 

[alien51]

What escrow service are you planning to use?

 

[Sanwal]

To be honest have no clue, all deals i've done in the domaining business have been $100 and under so just use paypal. I used to sell and buy sites before on flippa and used escrow . com for buying a site but never selling one. Any help would be appreciated if this deal actually goes through.

Regards

 

[GiftedDomains]

Use Escrow.com or Sedo Escrow service for external transactions (fee is lower than those sold at sedo).
You also have to talk to buyer and determine who pays the escrow fees. Buyer, Seller or Split Fees.

 

[verbster]

Hate to say it, but it's probably a scam. Most buyers know what the domain is worth. Why ask the owner the value of a domain in the first place? If he accepted your first price, that's another possible indicator of a scam. He will ask for an appraisal (or "valuation") right before payment is made. Do not give out any information about yourself or your accounts.

 

[npro3]

Hate to say it King and hope it is not true but I think verbster is right.

Again, I hope you get a huge sell out of this.

Good luck.

Hate to say it, but it's probably a scam. Most buyers know what the domain is worth. Why ask the owner the value of a domain in the first place? If he accepted your first price, that's another possible indicator of a scam. He will ask for an appraisal (or "valuation") right before payment is made. Do not give out any information about yourself or your accounts.

 

[alien51]

Most buyers know what the domain is worth. Why ask the owner the value of a domain in the first place?

Most legits who have inquired about my domains started out by asking me how much i am selling the domain.

I know they're legit buyers, because they followed it up with chili-worded email reply after i told them the price tag. LOL

If he accepted your first price, that's another possible indicator of a scam.

Sometimes sellers do not have any idea about the value of the domains they are selling. If i think your domain is worth $1,500, but you low-balled me with $750, i'll probably accept your first price immediately.

 

[johname]

"can i ask the valuation of the domain." might just been his/her way of asking the price

Your not out of the loop on getting smacked with an appraisal scam but as long as you know about them just proceed as normal.

 

[verbster]

Most legits who have inquired about my domains started out by asking me how much i am selling the domain.

I know they're legit buyers, because they followed it up with chili-worded email reply after i told them the price tag. LOL

Sometimes sellers do not have any idea about the value of the domains they are selling. If i think your domain is worth $1,500, but you low-balled me with $750, i'll probably accept your first price immediately.

We might be saying the same thing, but I'm not sure. Even if a buyer hasn't researched a domain, they normally ask what the price or asking price is...or something like "What's your lowest price?" They don't ask the "valuation" of the domain. Most domainers or sellers of anything would reply to that sort of question with the value being higher than the asking price. They certainly wouldn't give a higher asking price than the domain's "value".

If the seller's asking price is half of what they think the price should be, yes, they might accept the first offer, but I wouldn't. A seller almost always will drop some amount off the asking price. Plus, in almost every appraisal scam I know of, the buyer accepts the first price quoted to them. You'll soon know for sure. Hope it's good news, but tell us what happens either way.

 

[verbster]

Any news?

 

[Sanwal]

Haven't got a response yet, will keep you updated if/when i do!

 

[Sanwal]

Followed the email up today and this is what reply i got.
Hello Ghufran,
I think we will pass on this one. But Thanks for everything.
Kind regards,
*****

Definitely now know it was a legit email, think i made a rookie mistake in accepting the offer immediately. Anyways there will always be end users and from this experience i now know how to deal with future inquiries

Thanks everyone for your help on this topic! Highly appreciated!

Cheers,
Ghufran

 

[Bannen]

I don't see any mistake on your part. They're passing on the name, they're not trying to negotiate you up or down.
Just means they were interested for awhile, but later decided it wasn't for them. Happens all the time.

 

[verbster]

I'm sorry it fell through, however, I don't think you should blame yourself. They made an offer and you accepted... they backed out, which is a strange thing for a legit buyer to do after making an offer. I've accepted several fair first offers, and only had one buyer back out. I think you just had some bad luck. You'll get them next time. And they may come knocking on your door again (if so, make them pay for your inconvenience).

 

[DnEbook]

It might have been worth a further email "are you really going to pass on the best marketing tool for your business?'

 

[ExampleName]

"Ah, good, thank you for letting me know. Now I can take the offer for twice that!"

... In a perfect world.

 

[alien51]

The guy could also be another domainer with a similar domain, trying to fish you out how much you are marking yours. I do that sometimes to get the "Make An Offer" guys show their cards.

 

[Sanwal]

Thanks a lot guys!:red:

There actually isn't any similar domain to that as it's a very short brand-able .com domain!

You guys are very helpful and would like to thank you all a lot once again! :great: 's