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Selling a domain to end users whilst in 60 day lock. Your experiences?

Labeled as advice in Domain Buying and Selling Discussion, started by peace800, Oct 3, 2020

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  1. peace800

    peace800 Established Member

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    Would selling a domain before a 60 day transfer lock(assuming you have an interested buyer/end user) and then telling them that they will have to create an account at the registrar for a push be off putting for an end user?

    And then also explaining to them they will have to wait 60 days to transfer it to a registrar of their choice.

    What is your experience regarding this? Especially domainers who do outbound.

    How would you go about this?

    Would you actively outbound as soon as you purchase a domain or wait 60 days?

    Have you found that end users get put off by at the mere mention of having to open an account at your registrar even though it's free?

    Also how does one handle domain push transactions at Escrow? Do they allow this?

    Thanks
     
    Last edited: Oct 3, 2020
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  2. chenzen

    chenzen Established Member ★★★★★★★★★★

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    An End User just paid you so much for a domain name because THEY NEED IT. I am sure they won't mind much doing a little extra to get the domain in their hand. They can transfer out after 60 days anyway. Also, it's not like you have any choice in this matter. You just have to explain it to them.
     
  3. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

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    I think that a seller should respect their customers, which means not enforcing domain delivery with a particular and potentially unwanted registrar. So, I simply do not list fresh (< 60 days old) domains for sale.

    However, in many cases (such as afternic sales) the buyer already directly or indirectly indicated their registrar preference (simply by initiating the purchase via this or that registrar), so they should (and will) receive the domain via fast transfer (or regular transfer) to this exact registrar. Which also means that afternic listings should be configured only for domains >60 days old...

    Of course, if the landing page is provided by a registrar-powered marketplace - then it implies that the buyers are sent to this registrar, not a random registrar, and they will normally have their purchase locked for 60 days due to material change in domain ownership (ICANN rule). Not a big issue, if the registrar is good and respected one.
     
    Last edited: Oct 5, 2020
  4. peace800

    peace800 Established Member

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    So the suggestion I guess would be not to try to sell domains before 60 days at it will be off putting to end users to have to open an account at a registrar they are not currently with or don't want to register with.

    I guess selling a domain before 60 days is not recommended by most.
     
  5. MysticHero

    MysticHero Established Member

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    I would recommend selling a domain before 60 days. It's a quick money.

    At first, I thought the same way, but then come services like DAN. You don't have to explain anything to the buyer. Just navigate them to your DAN lander. Once the buyer hit the buy button, all you have to do is just push the domain to DAN escrow account and they'll do the hard part (i.e. explaining the process and directing them to registrar etc.).

    I'm doing this from past few month and it's really going well. :)
     
  6. peace800

    peace800 Established Member

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    Thanks.

    How would one use Escrow if a domain push is involved? Does Escrow allow that etc?
     
  7. MysticHero

    MysticHero Established Member

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    Yes. Almost every domain Escrow allows that. But DAN is better for locked domains as they've accounts on almost every registrar and they require you to transfer the domain to THEIR escrow account at registrars once the buyer pays for the domain. You don't even have to interact with the buyer after he put the money in Escrow.
     
    Last edited: Oct 7, 2020
  8. HotKey

    HotKey Made in Canada VIP

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    Inbound experience has always been fine on <60 days, have never had a buyer put off by opening an account at current registrar. In fact, I can't remember the last time I had to transfer out a domain from it's current registrar to a buyer. I usually emphasize this anyways, makes it easier and quicker for both parties. And walking an end user through the process is as simple as giving steps, eg. 1-2-3 this is what you do, if they are not experienced in doing so.

    Outbound is different, having limitations on immediate possession is not exactly a selling point. Do not have experience in this, though I'd imagine a buyer with a few domains under their belt already wouldn't have an issue understanding the lock.

    Yes Escrow allows registrar pushes, a transfer is a transfer.
     
  9. leland

    leland Upgraded Member Gold Account

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    It is recommended that your buyers register an account with the same registrar,
    Then, after he pays, push it to him

    Or, let him wait 60 days,
    Only these two options
     

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