From some/little experience in both buying and selling a couple of domains. I would make the offer known to the seller and then back away. If they are going to sell it they should contact you within a period of time. This has happened to me in the past I made the offer and walked away, a few weeks later they contacted me with a price nearer to my initial offer, I still insisted on paying $500 they eventually gave way and I secured the domain.
Hope this helps,
It is possible that the domain has traffic and generates revenue from old inbound links or type in traffic. An independent appraisal from a third party may not take this into account, as they are not privy to information known by the domain owner. The independent appraisals may say the domain is worth $500 based strictly on the quality of the name, while the domain actually generates $500/year in PPC revenue. That would explain why the seller has no desire to negotiate.
Thanks for your help.
I tried the "walk away" strategy a year ago and it did not work. Now the guy even doubled the price for the domain.
The crazy part is, that the domain is unused and does not generate any revenue. The name is so weird, that I doubt that it has many type-ins.
Because of personal reasons I would pay $1000 for this domain, even if it is worth $50.
Would you get a broker involved or should I go for a $1000 straight?
Some people view their domain(s) like lottery tickets and cannot accept a reality that looks anything other than like they have won the lottery.
Others view their "unique domains" as 1 of a kind things, that they are the only one who can offer it and therefore you have to either pay their price or suffer without your loved one.
Listen, love isn't always reciprocal. Hold a ceremony. Burn a piece of paper with the domain on it. Bury it. Move on. You are likely dealing with a seller who, possibly, you are feeding their insanity: You proved their unique name will have suitors and has value. It just might but such sellers are entirely free to keep their special domains and be buried with them if the bond is that great.
Make your offer, if it will give you peace, expect that it will not work and if it does - great - and if it only feeds the beast move on and rest with the comfort that you have deepened this domain owner's belief that his/her domain loves him back and that a greater payday awaits. It just might but in my experience and observation the domain highway is littered with the hulks of tens of millions of special or unique domains.
Just in case I'm the nut holding the domain you should know that you don't know anything about my domain's unique value. Muhahahahaha . . :-P
Your words gave me hope. I will shoot the guy a last offer then go back to my old projects.
I wonder if I should act like this with my real top level projects/domains. It is kind of fun to ask for $2.000.000 for a $50.000 project :-)
You can try to initiate an Escrow.com transacation with the amount that you want to pay for the domain. This is the equivalent of waving real money in front of the seller. They will know that you are serious about buying their name. You might be able to push their greed button and get them to agree to the transaction before the opportunity disappears. If the seller does nothing within 7 days, the transaction is cancelled with no penalties to either party. Escrow.com will only charge a cancellation fee, if both parties agree to the transaction and it is funded.
Thanks for the tips.
That's the reason why I become a supporter of this forum.