Right now i have a domain name of a famous person currently have his fan site on it. He approached me to buy it out because i rank first for his name. I'm guessing he wants to develop it further and use it to sell his concert tickets or whatnot. The traffic on the site currently so far is only a couple of hundred of hits a day and sometimes even less than 50 at times. Now the problem here is that he contacted me and put out on the table that they also need a webmaster to run the site thats after I give it back to him. The thing here is if i just give it back to him freely and they screw me over I just lost out on a valuable domain name. I acquired the site for about $1000 at that time from afternic.
what should i do? where or how can i come up with a correct appraisal price?