Forum Moderators: LifeinAsia
1. A guy on Ebay was selling his website.
2. I do research and decide to approach this guy through email.
3. After a dozen emails I give him an offer and he responds by accepting the offer.
3. The seller is a novice and forgets to take down his Ebay listing (which only had 10 hours left on it)
4. Sure enough, someone bids right at the end of the deadline. This bidder bids $500 more than my offer from the day before.
So, who is the seller entitled to sell the site to? Would it be me, the one who made a deal with him the day before through email...and it was agreed upon by him.
Or, would the bidder on Ebay be entitled to the website?
Thanks for your answers and responses.
Dave.
bottom line is that he/she has two buyers to choose from. .. and if Ebay doesn't like it, who cares... it's not like it's a federal offense to sell your product outside of the auction, all they can do is cancel your account.
Discuss it with the seller if you really want the site bad enough, go after it.
Dave.
P.S. I do want the site..God, it was a good deal, and it's a great site with lots of potential (the seller needed to sell quick)
If it's verbal legally it's the same, but how would you prove it? He could just deny and you have no proof.
Martingale...I have the email he sent me. I can prove without a doubt that it came from him. I talked to him on the phone. He felt terrible about the mix up (not taking listing off Ebay)...morally he wants me to have the site, but he's worried about the legal implications with regards to both Ebay and the auction winner.
Dave.
I am a businessman afterall and paying more isn't my game if I don't have to.
Understable. I was only suggesting a plan B.
If the time stamp of his "acceptance" email predates the subsequent "offer" he received on eBay, you certainly have a rightful claim. The real question is, is he going to live up to it? His failure to close the auction on eBay could be intentional, or simply be an oversight as he claims. Unless any money changed hands, it is often difficult to enforce these kinds of things. IANAL and I have not read what he emailed you, but as I see it, what you had from him may probably be construed as a letter of intent, and not a binding contract. A letter of intent and a binding contract are two diferent things.
He would be more inclined to let you have the site and put up with whatever eBay throws at him if you make the deal a little sweeter for him. If the site indeed has a lot of potential, consider making a good will gesture by offering to cover the difference between your bid and the bid he received on eBay, and some more. Give him reasons to do it your way.
he's worried about the legal implications with regards to both Ebay and the auction winner.
It is an issue of his contract (terms of eBay user agreement) with eBay. He may be breaching terms of a contract, not breaking any Law. IIRC, there is no exclusivity clause there. Have him explain to eBay (a) he is a n00b there (b) he feels obliged to honor the agreement he has with you, (c) offer to pay eBay the commission.
Again, try to work with him. Give him reasons do it your way, Dave. Afterall, all business transactions have a human angle to them. Think of it this way: how motivated he would be if he stands to lose money, and invite trouble with eBay. Unless this is an up and up guy who believes in doing it right, every single time, he may hide behind the so called "potential of trouble with ebay" or plead ignorance.
is the seller truly a noob rube, or is the game afoot?
I have no dog in the hunt, so I can toss this gernade from the sidelines
(a) you offer
(b) seller accepts
(c) someone says to seller the site was probably
worth some 500 more than he got
(d) a buddy bids 500 more
(e) auction closes with that as winning bid
(f) seller simply claims to want to do right by you but is worried about upsetting the winning bidder
yeah, I'm being cynical, and maybe seller is a rube.
Butmaybe,justmaybe, it's all a neat trick to see if you'll up the price.
I was on the phone with him today. He himself in his own words said that the $500 is not a big deal to him and he wished he had taken the listing off Ebay, so this all could have been avoided.
There's just too many things pointing in the direction that he's being above board for me to think otherwise. If he is in fact playing a little game, then I'm pretty sure he'll lose. He's going to contact me tomorrow regarding info he gets from Ebay, his lawyer, and the winning bidder. We'll see what happens.
If he was in fact trying to fool me, why would he agree beforehand to my terms in an email to the sale of his site? He seemed ready to transfer ownership of domains, acct and passwords. He was willing to help in the transfer and other things too.
Bose, it was a letter of intent for all intents and purposes, and was not a binding contract with signatures (that was going to be the next step...)
Thanks for the comments, I'll keep you all posted.
Dave.
Kevin..Let's accept what you've thrown out here as a possibility for a moment. Let's say you're right and he did get a buddy to bid up thinking that he could prompt me to bid higher.
Well, now the pressure is on him hoping that I do in fact bid up and he makes more money. However, if I do not bid up, then either his buddy has to pay him in full for his website, or he doesn't sell his website at all. I don't think he wants either of those two scenarios to unfold. He has reasons for selling his site. Based on how his site is doing and its potential I tend to believe him when he says he can no longer operate it and must sell it. I'd like to think he's not playing any games. I am Canadian...perhaps he thinks I'm a stereotypical naive, innocent Canadian? :)
Dave.
Dave.