Sellers not honoring transactions?

[webcom]

I've placed an offer for a domain at SEDO. The seller has made a counter-offer (2.5 times my initial offer) which I have accepted 3 days later. Now I receive an email from SEDO stating that the seller's counter-offer was "unintented". What's to be done in this case?

 

[Optinom]

The mistake is on the part of sedo. They shd black-mark such sellers instead of giving a lame excuse.

When either seller/buyer place a counter-off they do select the check-box that the offer is legally binding. Dont they? All that is for the sake of fun?

 

[webcom]

Yes, I've had a couple of non-paying buyers but this is the first seller that doesn't want so sell. I don't see how you can make an unintended counter-offer since you have to go through multiple confirmation screens before placing it. SEDO says they can't do anything other than banning him from the system and I guess they're right.

 

[verbster]

Sounds like seller's remorse....thinks he can now get even more...or maybe has a higher offer from someone.

In any case, although Sedo's buing/selling procedures say acceptance is legally binding, with all of the payment defaults (and now seller retractions), it appears that claim is all bark and no bite.

Still seems like Sedo should play more of an active roll in enforcing sales, though. It's their business that facilitated the sale, so they should do what they can to carry it through...

 

[fonzie_007]

Assuming this was buyer's remorse and not an honest mistake, Sedo should cancel this person's account. This is just another reason why the domaining industry (as a whole) has at best, a sketchy reputation.

 

[Fewski]

Same thing happened to me. Nothing you can do about it, it's the sellers choice I guess. If Sedo would actually have some kind of agreement/contract I'm sure they wouldn't be pulling out like that.

 

[fonzie_007]

Is the seller located in the USA? You can alway send a threatening letter about suing the guy...

 

[webcom]

The seller seems to be outside of U.S.

SEDO confirmed they will close the seller's account and I'm ok with that. Such buyers and sellers are affecting the entire industry in a negative way.

Further more, it might be a good idea for SEDO, Afternic and the rest to share a common database of non paying buyers and sellers that don't honor contracts so that once a person fails to complete a transaction without reason, that person becomes blacklisted on all domain marketplaces.

 

[cache]

can this person re-join sedo with different name?

 

[fonzie_007]

I would hope Sedo would have a database of all the blacklisted domains so that the person couldn't relist the same domain name.

 

[dna]

Look up the owner on whois.net.
Send him an email that asks what happened.

 

[angisson]

I would hope Sedo would have a database of all the blacklisted domains so that the person couldn't relist the same domain name.

but the problem with that is if he sells it and someone else (a good guy) wants to park the domain their it won't let him because of what the old owner did.

 

[Name Trader]

It seems to me Sedo are so busy making money they don't care about their standards. I think we just have to face the fact that some transactions are going to fall down. I agree, any member who reneges on a deal should be blacklisted including their ip address. Otherwise it's so easy just to open another account. Shame on Sedo. It's been like this for at least the last year. Also, I think Sedo don't care because if they blacklist anybody they are only blocking future successful transactions from that member.