Sedo price problem

[ali123]

Hey guys, I was looking at a domain on sedo that is for sale but the thing is it's on buy it now and so I decided to email the seller asking for a lower price, the seller replies and comes back with an asking price way higher than what sedo is listing the domain for. I was wondering if I buy the domain on sedo for the price listed, will I have any problems? Thank you, Ali

 

[-REECE-]

Some people intentionally put a low price on Sedo that they have no intention of selling for. It's a good strategy to get more offers on a domain and make it look like more people are interested in it than actually are. Also, if you sort Sedo's domains by "Quality", the number of bids is taken into account in the ordering of domains, so there are some good reasons to game Sedo.

My advice would be to sever communications with this guy, wait a couple weeks and then submit an offer through Sedo (make it look like the whois inquiry is unconnected to the Sedo inquiry). Some people respond differently to whois inquiries versus Sedo inquiries assuming one is an enduser and the other a domainer. If you made the email using a work email address or any email address which could suggest to him that he might have a big money enduser, that might also suggest why he asked such a different price.

Hey guys, I was looking at a domain on sedo that is for sale but the thing is it's on buy it now and so I decided to email the seller asking for a lower price, the seller replies and comes back with an asking price way higher than what sedo is listing the domain for. I was wondering if I buy the domain on sedo for the price listed, will I have any problems? Thank you, Ali

 

[ali123]

Some people intentionally put a low price on Sedo that they have no intention of selling for. It's a good strategy to get more offers on a domain and make it look like more people are interested in it than actually are. Also, if you sort Sedo's domains by "Quality", the number of bids is taken into account in the ordering of domains, so there are some good reasons to game Sedo.

My advice would be to sever communications with this guy, wait a couple weeks and then submit an offer through Sedo (make it look like the whois inquiry is unconnected to the Sedo inquiry). Some people respond differently to whois inquiries versus Sedo inquiries assuming one is an enduser and the other a domainer. If you made the email using a work email address or any email address which could suggest to him that he might have a big money enduser, that might also suggest why he asked such a different price.

Hi, thank you for the response, the only button that is on the page right now is buy now. So I don't think I can submit a offer.

Thank you, Ali

 

[Michael]

Some people intentionally put a low price on Sedo that they have no intention of selling for. It's a good strategy to get more offers on a domain and make it look like more people are interested in it than actually are. Also, if you sort Sedo's domains by "Quality", the number of bids is taken into account in the ordering of domains, so there are some good reasons to game Sedo.

My advice would be to sever communications with this guy, wait a couple weeks and then submit an offer through Sedo (make it look like the whois inquiry is unconnected to the Sedo inquiry). Some people respond differently to whois inquiries versus Sedo inquiries assuming one is an enduser and the other a domainer. If you made the email using a work email address or any email address which could suggest to him that he might have a big money enduser, that might also suggest why he asked such a different price.

No, he literally means there is a BIN on Sedo. I've seen it a few times before.

The domain is either listed by someone else on Sedo and the real owner hasn't realized, or the guy is hoping you don't know about Sedo and he can take you to the cleaners. If you can live with the Sedo price, buy it and see what happens.

 

[ali123]

No, he literally means there is a BIN on Sedo. I've seen it a few times before.

The domain is either listed by someone else on Sedo and the real owner hasn't realized, or the guy is hoping you don't know about Sedo and he can take you to the cleaners. If you can live with the Sedo price, buy it and see what happens.

from the info sedo is giving me he is from the same place as the one listed in whois and has been a member since 2004. He also knows about sedo because in his email it says this

If negotiation is ended, will deal in sedo.

 

[Len]

This is from Sedo's TOS:
5.1.1.5. Fixed Price and Minimum Offer Listings

If the Seller states a fixed selling price, then a binding offer for the conclusion of an agreement for the stated sales price lies in the listing of the Domain and is binding until the Domain listing in the Seller's user account has been changed and the change has been reflected on the Domain Marketplace. The sales price is considered to be the end price for the Buyer including any applicable taxes

 

[Sleepys]

All of the above are very good answers. I will add, just to inform people, to be careful that it says "buy it now" as is the case here, and not seller's "price expectation".

Although it sounds like the price expectation is what they want for the name, this is not a buy it now, and often times if you offer the expectation, they will just be obnoxious and raise it from there. So, be careful what type of listing it is when making that first offer.

 

[Len]

All of the above are very good answers. I will add, just to inform people, to be careful that it says "buy it now" as is the case here, and not seller's "price expectation".

Although it sounds like the price expectation is what they want for the name, this is not a buy it now, and often times if you offer the expectation, they will just be obnoxious and raise it from there. So, be careful what type of listing it is when making that first offer.

One of the annoying features of the "Price expectation" is that unless you pay for a Sedo appraisal you cannot select a price over 10,000 no matter what currency you use. This forces those that want to use this feature for domains that are obviously worth more, to either pay for the appraisal or select the maximum.
When an offer comes in at the price expectation limit of say $10,000 and the domain owner wants $50,000 then he is going to respond with $50,000.
The potential buyer should not really be surprised as they will more than likely have an idea that the domain is worth a lot more and that the sellers hands were tied with the limit being imposed by Sedo.

 

[Sleepys]

Yes, I was talking more about when someone has a lower "price expectation" than $10,000. If I see a price expectation (especially if I was not a domainer) I would automatically think that this is the price the seller wants for the name. If I see a name with a minimum offer of $2,000 and a price expectation of $4,000, I would assume that I can offer the buyer $2,000 and try to negotiate, or grab it now for $4,000. This is incorrect, and an opening bid at their price expectation will probably only cause them to raise their bid higher than they would have otherwise. There are, of course, sellers who would sell at their expectation, but it is simply not guaranteed, as the title "price expectation" would imply.

I am normally way less critical than most people on Sedo, but I do think that the wording of "price expectation" is a little misleading. I think I will email them with the suggestion. :hehe: