Buying domain on redemption status

best strategy to acquire name when dropped

[Shirl]

Hi all. I'm interested in a .com domain name on redemption status & currently registered to some kind of digital marketing co. in korea.

It's a personal name and of not much use to anyone else. I need it for an author site.

I'm thinking my best bet to get it is to place a backorder a day or 2 before it drops (rather than contact current owner, try and get them to renew, then buy it from them, which would flag my interest).

a) is this the best strategy?
b) should I place backorders with multiple companies or am I then bidding against myself?
c) any other ideas I haven't thought of?

Any advice would be greatly appreciated, as I have never bought a domain before and just need the name, so I can set up the website and get on with writing:)

Thanks
Shirley

[creeking]

see if the registrar that has the domain uses an auction site for its expired domains.

if that domain is placed on an auction site, that would be the first place to try buying it.

[Shirl]

Thanks so much Creeking. I will look into that:)

[Shirl]

Hi again

I was in touch with the korean registrar company and had this response:

"Once you let me know the domain name, I will forward your request to current registrant and I can do agency’s duties. But we don’t have function of the auction."

Would you let them know (don't know if they'll hike the price) or wait till it drops?

Thanks
Shirley

[incrediBILL]

I did this recently and waited until it dropped on Godaddy as I figured the original owner would try gouge me or wake up and re-register the domain so I quietly watched and waited.

Then it went to GoDaddy auctions starting at $10 and I didn't place a bid, I waited and watched.

On the last day with 10 minutes to spare I sniped it for $10 as nobody else had bid.

I was afraid that if I had bid earlier someone would run up the price on purpose and those that really didn't want the domain, like a shill for GoDaddy, wouldn't have time to run up the price if you sniped it.

Got it for $10 and couldn't be happier.

Most I've ever paid for a domain was from the current owner for $1500.

Hope you get it!

[Shirl]

That was a great deal - $10!

In this case it seems like it is not going to auction so I would just have to backorder before it drops from the registry and run the risk of another server snapping it up first.

Arrrggh - such a nightmare!

(unless the person who responded doesn't actually have all the facts and it is going to auction). The company is in Korea, so who knows?