I have just found the perfect domain name for a website that I am building, and it's listed for sale on one of those domains4sale websites for $1,200... perfect! The thing is... as soon as I make an offer and they see that I am interested, what's to stop them asking for $10,000 (I have seen it happen before)
Also, as soon as I manage to 'do the deal', what's required from a legal and technical point of view to ensure that I will have 100% ownership of the domain/email etc. thereafter!
Thanks a million, I appreciate any advice you can offer!
Kind regards,
DB
It would be misrepresentation if they refused to sell it at the price they've listed it for.
In a world of 6 billion people there's always a chance of encountering a scammer or a moron. That's what makes like interesting . . or a PITA . . depending on how you look at it. ;)
If you're afraid of games like that, don't submit an "offer", just pay the listed price without playing any games of your own. It would be misrepresentation if they refused to sell it at the price they've listed it for.
Always buy at list price assuming that price is considered reasonable to you. IMO, it's best not to make a lower offer or even express interest (it priced well to begin with).
A perfect example involves a domain listed for sale at both a major auction venue (with a low BIN price) and also with a Domain For Sale image on my webpage which also led to the way to buy it at its low BIN price if followed.
It's a political domain/website which almost overnight jumped greatly in value (typein traffic also skyrocketed) several months ago due to unexpected and surprising election developments. I had its price very low based on the political situation of much earlier in the campaign season at low 4-figures (the site was also getting only light traffic).
Instead of simply buying it using the BIN feature (I forgot to reanalyze the price) the buyer first contacted the auction venue who then contacted me to find out if the name was still available (likely because they wondered about its low price based on current events, and perhaps to also make a lower offer I am guessing)? I replied yes. They did not discuss the price as they should have done, only saying they would relay its verified availability to the client and get back to me.
Since later that same day no one had bothered to double-check the price or use the available BIN feature I realized how significantly under-priced it was and estimated the value (especially after seeing the amazing typein traffic increase) should be at least 10-20 times more at mid 5-figures. Therefore, using their control panel I adjusted the price to that level to reflect its new perceived value.
However, both auction venue and buyer became upset and walked away. They said they may cancel my account. But when I pointed out the BIN price could have been accepted, or at a minimum they should have confirmed price and agreed to pay BIN price (by phone or email) they later did not cancel my account as threatened.
