offers Received an Offer for my Oldest Domain Name

[jamaltq]

Hello guys
I have received $5,000 offer at Godaddy for the domain name:
I S L A M Y .com (my ISLAM in Arabic)
The offer will expire today.
The domain is 23 years old, and registered in 17 other extensions.
What do you think guys: to ignore the offer or to push the domain to auction.
Your feedback with thanks.

 

[jamaltq]

Have you had previous offers, inquiries?

Yes more than 20 offers and inquiries.

 

[Ostrados]

Don't push to Auction
Counter the offer

 

[alcy]

Are you saying that if a counter-offer is made, that you can, in effect, extend the previous offer for an additional 7 days? That is a very nice feature, if this is the case.
On Sedo, if you make a counter-offer, you lose the option of being able to take the previous offer. On Dan, I believe that is the case as well, but others with more experience with them could chime in here.

yep same on dan. not sedo or others. I used it.many times. few knew it. including u apparently. oh well
we all here to learn. of course Goes both way...seller prices binding too..so I make 2k offer to buyer then decide its 5k buyer can still take my 2k for 7 days... in short whether 10 or 50 offers made buyer or.seller whatever is in the 7ay window can be accepted.

 

[jamaltq]

u made terrible mstake to wait to last minute cause at gd if u make counter then prev buyer offer still binding...for 7 days.

I have aleardy replied him with a counter offer but he didn't respond.

 

[alcy]

ok I see so your post isn't about counter
..cause u already did that.. well u didnt say... so it's just accept or nothing... well u might get more later...so queston becomes if u want 5k now...we'll 4k net... or wait for years

 

[alcy]

well it adds up this ain't a 5percent add lead on.dan..... gd is fee vampire...no.gifts from them.. renewals neglgable as always.. else u are at 3k net... but limited audience only name... it could be yrs before u get sale...and maybe just 5k net then

 

[LoveCatchyDomains]

There was a discussion about this a few years ago here.

Thanks. That link indicates that the previous buyer offer is no longer binding at GoDaddy, after a seller makes a counteroffer. So, basically GoDaddy now has the same policy as Dan and Sedo?

 

[SSM]

Godaddy appraisal shows 5K, ha-ha

Online appraisals mean next to nothing.

 

[jamaltq]

auction ended, it's sold?

Yes, waiting for the payment through Escrow.

 

[Me83]

Congratulation!

Yes, waiting for the payment through Escrow.

 

[jamaltq]

The fund received.
Thank you all guys.

 

[YairDD]

Congrats! Did it sell for 5k or more?

 

[jamaltq]

I can't see why domain age is relevant for you unless there's a sentimental value. What should matter are your costs with this domain and whether you are making a satisfying profit with this offer or not.

The age is not relevant for me, just mentioned it as an ihfo.

 

[alcy]

Yes more than 20 offers and inquiries.

what highest?

 

[alcy]

Hello guys
I have received $5,000 offer at Godaddy for the domain name:
I S L A M Y .com (my ISLAM in Arabic)
The offer will expire today.
The domain is 23 years old, and registered in 17 other extensions.
What do you think guys: to ignore the offer or to push the domain to auction.
Your feedback with thanks.

u made terrible mstake to wait to last minute cause at gd if u make counter then prev buyer offer still binding...for 7 days.

 

[LoveCatchyDomains]

u made terrible mstake to wait to last minute cause at gd if u make counter then prev buyer offer still binding...for 7 days.

Are you saying that if a counter-offer is made, that you can, in effect, extend the previous offer for an additional 7 days? That is a very nice feature, if this is the case.
On Sedo, if you make a counter-offer, you lose the option of being able to take the previous offer. On Dan, I believe that is the case as well, but others with more experience with them could chime in here.

 

[LoveCatchyDomains]

yep same on dan. not sedo or others. I used it.many times. few knew it. including u apparently. oh well
we all here to learn. of course Goes both way...seller prices binding too..so I make 2k offer to buyer then decide its 5k buyer can still take my 2k for 7 days... in short whether 10 or 50 offers made buyer or.seller whatever is in the 7ay window can be accepted.

Perhaps the question is not clear here. On Sedo, if you have a buyer offer, and the seller makes the counteroffer, that initial buyer offer is no longer binding. Are you saying that you have not found that to be the case? If so, that would be great for the seller.

 

[LoveCatchyDomains]

I'm talking gd.. and dan..sedo cancels previous offers with each new one

Thanks for clarifying this. That is a nice feature for sellers.
Is this true also for Afternic, or only for GoDaddy Auction and Buy/Now listings?

 

[Me83]

Keep us updated. It's very interesting.

 

[Me83]

I personally think 5K is a reasonable offer for that domain
What it always comes down to is whether you need/want the liquidity.
If you do then great, accept the offer.
If you don't, then it's up to you.
It's a gut feeling type of decision that only you can decide.

Godaddy appraisal shows 5K, ha-ha

 

[Me83]

Online appraisals mean next to nothing.

https://www.namepros.com/blog/is-godaddy-appraisal-value-a-useful-filter.1297561/

 

[LoveCatchyDomains]

As an update, the DAN and Afternic and GD main page prices now have equalized. Before, the one was listing was around $28K and the other $38.5K. Now, both show the $38.5 BIN price.

Apparently, with the GD auction ongoing, though, the Afternic/Dan/GD main page search does not indicate that the current price through their auction is the 5K. One would wonder if it would make sense for at least the GD main domain search page would simply link to the price on the auction instead, when an auction is going on.

Perhaps that is technically difficult for them, but it might help for those who have an auction listing, and help maximize the bidding?

Again, good luck with your auction!

 

[Me83]

I have pushed it to auction considering the following reasons:
- I have purchased the domain in 2014, so I think to hold the domain for more than 9-10 years is not a good idea.
- I have noticed that the domain name al-islam.com sold via Godaddy auction for $45211, so it is worth it to try.
- There are No potential end users to try to do outbound for the domain, only one extension developed which is .app.
Thank you all guys for your feedback, appreciated.

auction ended, it's sold?

 

[jamaltq]

Congratulation!

Thank you

 

[AIS01]