advice Transaction Process

[tnp17]

Hello
I am in the process of my first domain sale, self represented with the help of a trademark lawyer, dealing with another trademark lawyer.

They have proposed an agreement where I send them the domain and then they will wire transfer/ACH to my account.

Just curious if this is normal practice or should funds come first then domain?

 

[DrJacoby]

For me, there are never any lawyers involved. Usually the buyer just clicks the Buy Now-button, and the domain changes ownership through Fast Transfer.

 

[AEProgram]

Hello
I am in the process of my first domain sale, self represented with the help of a trademark lawyer, dealing with another trademark lawyer.

They have proposed an agreement where I send them the domain and then they will wire transfer/ACH to my account.

Just curious if this is normal practice or should funds come first then domain?

If you really want help this is what you will do"

1. Paste in all the emails you got from them, you can remove the domain name
2. Share the info about the lawyers
3. Anything about the trademark situation post here
4. How did the contact start? Where did you list? Domain whois email? Outbound?

Help us help you

Welcome

 

[biggie]

Hi

get funds first!

imo…

 

[tnp17]

Hi

get funds first!

imo…

If you really want help this is what you will do"

1. Paste in all the emails you got from them, you can remove the domain name
2. Share the info about the lawyers
3. Anything about the trademark situation post here
4. How did the contact start? Where did you list? Domain whois email? Outbound?

Help us help you

Welcome

i appreciate the reply. I am really just curious if receiving the money first is standard practice for selling…

 

[fka1080405]

The standard practice is escrow. You can have a formal accredited escrow like Escrow.com or you can use a de facto escrow service like Afternic (GoDaddy) or DomainEasy or Spaceship or Sedo or... so on and so forth. If lawyers are involved, they will most likely prefer Escrow.com given it is accredited and will handle a sale agreement.

Fastest = go to DomainEasy.com (or Afternic or Spaceship or Sedo...) -> register an account -> add your domain -> send the link to your buyer.

Most likely to make a lawyer happy = go to Escrow.com and set up a transaction, choosing the concierge option so that they hold the domain name during the sale process.

Sending money directly is very uncommon. That said, involving lawyers is also very uncommon so if you can get a sale agreement that your lawyer is happy with, it wouldn't be bad to send the domain first.

 

[tnp17]

The standard practice is escrow. You can have a formal accredited escrow like Escrow.com or you can use a de facto escrow service like Afternic (GoDaddy) or DomainEasy or Spaceship or Sedo or... so on and so forth. If lawyers are involved, they will most likely prefer Escrow.com given it is accredited and will handle a sale agreement.

Fastest = go to Afternic or Spaceship or Sedo...) -> register an account -> add your domain -> send the link to your buyer.

Most likely to make a lawyer happy = go to Escrow and set up a transaction, choosing the concierge option so that they hold the domain name during the sale process.

Sending money directly is very uncommon. That said, involving lawyers is also very uncommon so if you can get a sale agreement that your lawyer is happy with, it wouldn't be bad to send the domain first.

Very helpful thank you!

 

[Bravo Mod Team]

You can use EscrowDomains.com if they want lawyers involved, since that's a tried-and-true escrow company and legal firm behind it.

self represented with the help of a trademark lawyer, dealing with another trademark lawyer.

Be cautious of law firms involved that you cannot verify as legitimate from third-party sources.

 

[tnp17]

You can use EscrowDomains if they want lawyers involved, since that's a tried-and-true escrow company and legal firm behind it.


Be cautious of law firms involved that you cannot verify as legitimate from third-party sources.

Good call, they are legit

 

[tnp17]

You can use EscrowDomains if they want lawyers involved, since that's a tried-and-true escrow company and legal firm behind it.


Be cautious of law firms involved that you cannot verify as legitimate from third-party sources.

I like that escrow service there too. Thank you!