How accurate is Estibot?
I am purchasing a very valuable domain. Estibot estimates the domain to be worth over $180K. The seller says the domain has been appraised to be worth $150,000 (he did not mention the source of appraisal) and is willing to sell for $80k cause he is need of cash.
We agreed on a package where I would pay about half of it in cash and the rest with other terms and conditions.
I own other TLDs of the same keyword and purchased the .net/.org version for about $1,500 and paid the amount appraised by Estibot. This seller had used Estibot valuation to set and justify his Selling price.
How accurate is it anyway? Does it estimate more or less of its true value?
I know there are many different factors in evaluating a domain's worth and it really depends on how much a buyer is willing to pay... But if we can review and name a few examples of recent sales and how you justified the price to list for sale, or buy a domain, I think it would help me a lot.
any extra info and tips/suggestions would help too :) this is so far the biggest purchase I would be making... Previous purchases were maximum in the $3-4k range.
I'm also listing most of my old domains for sale. I could use the money.
thanks in advance,
Very Nervous DailyPress :)