NameSilo

Looking to buy a domain, seller isn't responding...

Labeled as question in Domain Buying and Selling Discussion started by BraveHarry, Jan 25, 2020.

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683

  1. BraveHarry

    BraveHarry New Member

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    You might have caught a glimpse of the story by the headline, but let me present you with extra context. I am genuinely looking for advice on how to proceed in this situation:

    • The domain is listed on multiple marketplaces with Minimum Offer;
    • I have sent an offer covering the Minimum Offer (only on 1 of the marketplaces, as a sudden influx of offers could signal that the domain is underpriced to the seller);
    • Nothing has happened since...

    What are some of the strategies I can employ in order to land this domain purchase? Is this a strategy often employed by domainers?

    P.S. I checked the Whоis information, but there wasn't anything useful.
     
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  2. DanSanchez

    DanSanchez Brokerage & Acquisitions Epik.com Staff VIP

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    You should avoid looking for the minimum offer in this case, often it is set by the site or in bulk by the seller without real intention of providing guidance for buyers.

    Make a strong offer, consider the true market value of the asset as an investment. Not a cost. It seems you are genuinely interested and that likely means quick movement. Include that in your offer.

    Like this:

    $10,000 - Can close in 24hrs.

    Most importantly, once you make the offer and the seller responds. Don't back out.

    Feel free to PM me the marketplace and domain you are after. I can assist in narrowing down a realistic number.
     
  3. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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  4. BlackCatsAreNice

    BlackCatsAreNice Restricted (15-30%)

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    NEVER reveal to people you don't trust the domain you are after. NEVER.
     
  5. johnn

    johnn Top Contributor VIP ★★★★★★★★★★

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    You are trying to buy the wrong domain from the wrong seller.
    Make an offer on any domain that listed here on NP and they will reply to you in 3 seconds.
     
  6. BlackCatsAreNice

    BlackCatsAreNice Restricted (15-30%)

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    LOL'ed.

    I rest my case your honor.

    Yeah, if you want "ThisIsTheWorldsCrappiestDomain.com" then sure...shop around on NP. Lot's of em floating around.

    NP reminds me of card sharks at the poker table, salivating over the fresh, unknowing meat that comes along.

    Pounce baby! Pounce!
     
  7. johnn

    johnn Top Contributor VIP ★★★★★★★★★★

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    You are kidding?
    Everything here is dictionary word, pronounceable, premium, brandable, bb/squadhelp, etc.... listed and it's cheap.
     
  8. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    Many domain investors place very low minimum offers but do not respond unless a much higher offer is submitted. Frankly I don't understand the logic, but it is common. As others mentioned, research comparable sales and submit a competitive offer.

    You mention that it is at multiple marketplaces. If one of these is a marketplace with agents you can phone, if you go that route you can probably get some answer.

    If all of these fail you could try paying for a buyers agent to try to buy the name on your behalf.

    I hope it works out for you, @BraveHarry.

    Bob
     
  9. BrandChimp

    BrandChimp BrandChimp.com VIP

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    Hire a domain broker to initiate negotiations.
    Godaddy/Afternic or DomainAgents.com and don’t expect to get any good domains under $1.5k.
     
  10. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    You phrased it wrong, Seller??? You mean owner, who has every right not to respond.

    As others have mentioned above, if you want a response, you need to show them you value their time, and that usually includes $$$.
     
  11. ExploitOdds

    ExploitOdds Established Member

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    Everyone assumes he is trying to buy a super premium name. Is he? Perhaps.

    Excluding the top 10% of portfolios here . . .

    There is a number we WANT for our domains. There is a number we will accept for our domains. There is a number we just take bc we are done with a domain and think the upside of holding to be lower than when we acquired it!


    For example. I own a name that is a Geo name in medical industry. City Name followed by Family Practice dot com. There are a lot of family practices in my city. Go to Google and type in city name family practice and I have that name. Why has it been slow to sell? What do I think it is worth? What do I think others think it is worth? I do think valuations can be tough for all of us. Negotiations can be tough for those of us not doing many negotiations.


    So why is he getting no response? Could be a jerk seller. I think that we are likely talking about a name that is low dollar wise . . . almost certainly under $3500. Sometimes we get low ball offers, but it is up to us to negotiate a price we will sell for.
     
  12. DanSanchez

    DanSanchez Brokerage & Acquisitions Epik.com Staff VIP

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    His budget is very low, but is willing to make it work with monthly payments. Sent an offer. The domain is not super premium but it does carry relevance and weight. It is the best among several options.
     
  13. Samer

    Samer Top Contributor VIP

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    Cant wait until lease-to-own,

    becomes the norm. Can’t believe it’s still new, epik is the best with flexible payment options.

    Samer
     
    Last edited: Jan 27, 2020
  14. ExploitOdds

    ExploitOdds Established Member

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    Im transferring a few names from GoAwayDaddy to Epik! Will comment on the process once complete . . .
    By the way, have any of you been able to liquidate names there? I am trying to, but I think they request auth codes. Anyone else have experiences with this? I was and still am under the impression you never give auth codes out. I most definitely would not give GoAwayDaddy auth codes to names elsewhere. I have spoken to an employee that had no integrity, and openly encouraged me to register names that had potential trademark issues. Perhaps Epik will be better.!?
     
  15. tldboss

    tldboss Top Contributor VIP

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    Why do you assume that the domain is under-priced? Seller hasn't countered your offer, you don't know what the final price will be

    Like others have mentioned, increase your offer
     
  16. Samer

    Samer Top Contributor VIP

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    Liquidated more names on Epik nameliquidate platform than anywhere else. Love epik!!! :)

    Samer
     
    Last edited: Jan 27, 2020
  17. DanSanchez

    DanSanchez Brokerage & Acquisitions Epik.com Staff VIP

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    The auth codes are not handled by any person or employee at Epik, they go into the system that creates a transfer in the event of a sale. You can always lock the domains after to generate new codes at your registrar of choice. You could also transfer your domains at Epik and it won't require auth codes to liquidate =D
     
  18. nothere

    nothere Established Member

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    He really wants the name and made it known. Now, he should calculate the absolute max he can pay /name is worth to him and submit an offer that is a bit below that number. Be prepared to walk away and choose another name.

     
  19. winst

    winst Established Member ★★★★★★★★★★

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    Offer more money, use your real name. Use the same email address and keep trying. Sometimes the offer email goes to the spam folder and people forget to check.
     

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