Buyer backing out of a sale

[paul]

I had an offer for a domain about a week ago which I accepted once they had upped their bid a little. Now they want to either pull out or renegotiate the deal.

Has anybody here taken a buyer to court for breach of contract, and if so how did it turn out?

Cheers

Paul

 

[Pred]

Sedo offers

Hi Paul,
Sorry to hear that. I have had it quite a few times myself. Having hundreds, you get it quite a lot. Timewasters, jokers, maybe just bottling it I don't know. I be honest I have a lot parked at sedo & know for a fact they don't pay what they should for clicks. Also had sales all over the place except them I am quite suspicious of their operation. As far as suing, someone might win, but you don't even know if the person who registered to bid used the right details. They can't even catch terrorists who use the internet so I am afraid to say they hav succeeded in wasting your time. Sorry, I know how the disappointment feels. Cheers, Predator

 

[DaveBeasley]

Ask Sedo for the bidders contact details, I've done it in the past and they are obliged to give them to you.

 

[Admin]

Isn't a bid on Sedo binding once you have accepted it?

 

[zee]

buyer backs out

...it happens to all of us....you get p....d off....sedo will give all help it can...but at end of day, it is up to you to weigh pros and cons...I try to avoid time wasters by £xxxx figure on domains.....has anyone noticed that quite a few people who back out / timewasters do not have a personal email address.....just a hotmail ect., domain address...could be a kid ....z

 

[disruptive]

Its the oldest trick in the book. Comes back to negotiation. Its psychology, now some of you may know this but let me suggest the process.

1. The bid sinks in for the seller. They get used to the idea of some extra cash.
2. The buyer often still wants the domain...they just want to squeeze you by playing it cool. You have got used to the idea of selling it, so will often sell it just to do the deal even at a lower price.
3. Sometimes it is better to play it very hard...but this does'nt make sense for all.

I bet many of use feel 1 when someone makes an sensible offer.

 

[FC Domains]

There is the tricky question of the 'cooling off period' of seven days that applies to items bought on the Internet.
Does anybody know if there has ever been a case that decides if this applies to the re-selling of domain names?

Unless there has been a ruling it is a bit of a grey area.

 

[Jeewhizz]

The coolingoff period doesn't apply to business afaik. Unless they are buying it for personal use, and can prove it, i would think that you are ok