Msg#: 3982465 posted 5:08 am on Sep 2, 2009 (gmt 0)
I was told that I might see an increase within the final 30 minutes on a domain I'm selling through an online auction (@ SEDO).
Never went through this process before and I can't say I have too much faith in it.
Oh... and appraisals, it's all a bunch of hoo-hah, right? I mean, how's someone to predict a potential buyer's perceived value of a domain? I had some real estate guy telling me I had to get appraisals - I told him that he's certainly entitled to not buying my domains, and that I have no urgency to sell them. lol
Consider yourself lucky IF you have a stream of last minute activity from bona fide bidders. It's pretty much the norm that bidding heats up in the last minutes. Unfortunately, it's also not uncommon to have bidders enter the process who have no intention or ability to pay the amount they bid. :( Keep your fingers crossed. ;)
Well, the reason why I signed up on SEDO is that bidders have to provide proof of identity and accepting a negotiated price is just as valid as signing a sales contract. I sent to auction with the negotiated price as the reserve, but it still guarantees the sale of the domainfor *at least* that reserve price.
I made $11k last night, when it ended at around 3am est, and I walk away with about $9,900 after the 10% fee.
10% is a bit absurd, but I'm satisfied overall and don't think they can really get too much more out of it through a simple re-sale.