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NYCLAWYERS.com -- worth six figures?

Labeled as domain in Pre-Purchase Appraisals started by Larry2, Feb 19, 2017.

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  1. Larry2

    Larry2 New Member

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    It is obviously a great domain. Been sitting largely idle since 1994.
     
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  2. idomainappraisal

    idomainappraisal Account Auto-Closed

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    If you gonna have an abbreviation on lawyer(s) .com that and LA are two prime geos.
    We used to do minor development on geo lawyer(s) and dropped everyone, the reason GEO EMD's are now death the last few years at Google.

    End user should pay low to mid 5x but 6 x is a reach

    Most of our clients are lawyers and almost none buy abbreviations in the SEM we do for them.

    So I can see a small percentage of New York City lawyers drooling over it, but I doubt it would reach 6 x.

    Great name, good luck.
     
  3. Domains - Wanted

    Domains - Wanted Top Member VIP

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    Nope. You're way off, like, by a factor of a hundred. IMO, $xxx - low $x,xxx.

    Like I'd said here before, in domaining, dreaming is an occupational hazard. Been there, done that :xf.wink:
     
  4. DanSanchez

    DanSanchez Top Member VIP

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    Six figures in 2007 - five figures today.
     
  5. mdent

    mdent Upgraded Member Gold Account VIP

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    Low 5-figures feels like the best-case scenario for this one
     
  6. todaygold

    todaygold Established Member

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    Maybe the OP meant 6 figures including the decimals? But I think domains-wanted is closest, probably in the $xxx to low $x,xxx range at best.
     
  7. slader23

    slader23 Always On The Bleeding Edge. VIP

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    You need to check comps before you make any kind of pre purchase appraisals. Low 5 to mid 5 figures is where I see this selling. Low xxx to x,xxx isn't even close to an accurate appraisal considering derivative nyc lawyer names have sold for low to mid xxxx already. This name is the optimal choice for a law firm looking to use an nyc+law related term designating their specialization, as it encompasses every single law niche. I don't really understand where you get your appraisal valuations from, not only does your statement downplay the value of the name it also condescends the valuations of other appraisers. There are no decimals missing. We look at what the market expresses in sales and try to help other domainers make sound decisions, not put people down. I don't think you understand how to value domains.

    Domain Price Date Venue
    nycrentals.com 25,350 USD 2010-06-23 Moniker
    nycapartmentsrent.com 12,401 USD 2015-03-07 Flippa
    nyc.info 9,100 USD 2012-02-20 NameJet
    nyccondos.com 7,000 USD 2016-05-15 GoDaddy
    nycn.com 5,750 USD 2015-03-03 Sedo
    nychotelnetwork.com 5,000 USD 2011-01-06 Sedo
    nyccriminallawyers.com 4,995 USD 2013-12-08 Afternic
    nyc.co.com 4,245 USD 2014-11-27 NameJet
    nyconstructionlawyer.com 3,888 USD 2013-04-01 Afternic
    nycarchitects.com 3,850 USD 2011-07-13 Afternic
     
  8. E-Promote

    E-Promote Top Member VIP ★★★★★★★★★★

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    Not to an end user lawyer, notoriously cheap, they may bill you hundreds per hour but they will not spend it on a domain...
     
    Last edited: Feb 20, 2017
  9. bmugford

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

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  10. todaygold

    todaygold Established Member

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    First, my appraisal is inline with what the others said. I said it could get into the low $x,xxx range...which is similar to what other users wrote.
    Second, you need to understand that not every single domain sale on namebio is accurate...you can't just take everything at face value.
    Third, you are seriously comparing a lawyer domain to a rental or apartment domain? Those two aren't even close.
    Fourth, the two you highlighted took place nearly 4 years ago...the market for location/geo type domains has changed a bit since then.
     
  11. slader23

    slader23 Always On The Bleeding Edge. VIP

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    In line? lol btw nyccrimimallawyers.com sold again for 2.5k last year. Only one other person said low xxx to x.xxx, so the most accurate valuation is indeed in the low xx,xxx to mid xx,xxx range considering the sales of names that are the derivatives of the OP's prepurchase name, NYCLawyers.com.

    Market sentiment is expressed in sales and is a good indicator of domain value. That is why you have to monitor and take into account of comparative sales before purchasing any domain you believe will have value to end users. Another indicator of value is the fact that derivative names sell for highly in the aftermarket. For example Car.com>Cars.com>UsedCars.com>CarsForSale.com>ClassicCars.Com/SuperCars.com etc, if the derivavative names have value then the original singular and plural terms will have significant market value, of course this depends on the niche. I highlighted and underlined the comps, don't try and get away from my point.
     
    Last edited: Feb 20, 2017
  12. todaygold

    todaygold Established Member

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    LOL LOL So you basically just said that the owner of nyccriminallawyers was forced to sell at a loss just 3 years later! You just proved my point! In less than 3 years, the domain lost so much value that the owner lost nearly half of what they paid for it.
     
  13. slader23

    slader23 Always On The Bleeding Edge. VIP

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    Can't really make assertions as to what actually caused that domain to sell for a lower price. Many different variables come into play. However, it still sold within the valuation range that has been established by the market for NYC(Niche)Lawyer.com domains. So this doesn't really do much to the value of the OP's pre purchase domain. Good try though, your appraisals are still very off and tbh lack any real understanding of market trends.
     
  14. MrNames

    MrNames Established Member

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    Bringing up comps missed the point. This name is not worth that much at all. If it were listed here it would shock you how low the price would be. This name will get zero type in traffic (so would the singular). There are already tons of places to search for lawyers, and this name adds no value at all. It may seem like a good name, but if you offered this name, or $500 to 20 domainers who have sold names for six figures, almost all (probably all 20) would take the 500 in cash instead of this name. That is the test.

    Any decent name can sell for at least 1K, but it will only sell for 1K a small percentage of the time (which means the value is lower). Sorry, but the name does not bring much extra value at all to whomever buys it. This is not a 5 or 6 figure name, and probably not a 4 figure name. If multiple people on this forum are ready and willing at this moment to pay at least 1K for it, then I will concede that it is worth that, but I doubt it would happen.
     
    Last edited: Feb 20, 2017
  15. todaygold

    todaygold Established Member

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    It seems you are the one that lacks understanding of market trends...otherwise you would know that quoting sales for a location/geo domain from 4 years ago isn't accurate. Likewise, you would put two and two together and realize why it sold at a loss 3 years later.
     
  16. slader23

    slader23 Always On The Bleeding Edge. VIP

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    :ROFL::ROFL::ROFL::ROFL::ROFL::ROFL::ROFL:
     
  17. slader23

    slader23 Always On The Bleeding Edge. VIP

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    Comps are comps. There is no 2+2 you cannot make assumptions made on variables that cannot be quantified because you are not the person selling the name. If you haven't noticed this thread. Experienced domainers with knowledge far beyond mine have also appraised it in the xx,xxx range, I think you should take the hint and go learn instead of talking out of your A$$$.
     
  18. todaygold

    todaygold Established Member

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    That is, by far, one of the stupidest things I have ever heard. Then please, do let me buy your house for the same amount it would have been worth 50 years ago. Or perhaps you would like to purchase some chips domains for what they were worth a year or two ago?
     
  19. MrNames

    MrNames Established Member

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    No domainer who had ever made a living from buying and selling domain names would EVER pay 10K or more for this name. That is one of the biggest jokes I have read in a long time. You can throw out appraisals all you want, but I will give you a month to find just ONE domainer on the planet ready and willing to buy NYCLawyers.com for 10K. There is a zero chance it happens.
     
  20. slader23

    slader23 Always On The Bleeding Edge. VIP

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    You clearly don't understand how comps work in the domaining world. You've made a good name look bad because of your lack of understanding. Go back to step one. Stop giving appraisals, especially pre purchase appraisals they are of little help to anyone.
     
  21. slader23

    slader23 Always On The Bleeding Edge. VIP

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    Says the guy that's been here less than a month.
     
  22. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    It's worth 4-figs. I agree with the newphagocytes.
     
  23. MrNames

    MrNames Established Member

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    Find me one of the known domainers from the past 10-15 years who would pay 3K for this name right now and it would be a miracle. Put together a list of 50 domainers and if there are three who are wiling to pay 1K for it right now I would be surprised. The number would be zero.
     
  24. todaygold

    todaygold Established Member

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    Apparently you don't. Trends change in domaining. And apparently I'm not the only one on here giving it a low value. At least 2 other users, out of a what, whopping 5 users that posted, gave it low appraisals. So it seems pretty evenly split with low/high appraisals.
     
  25. slader23

    slader23 Always On The Bleeding Edge. VIP

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    Nah. Derivative comps sold for 4 figs. Its worth at minimum 3x what NYCCriminallwayers.com sold for in 2013.
     

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