Oops!

[netpreference]

So, there's a name on Sedo that catches our eye, it's on for £2500 and I go in low at £1500 although to be honest I think it's cheap at £2500

They come back at £2200 and I counter with £1750 expecting a 'meet me in the middle at £2000' response....

They flick it over to auction with our £1750 offer as starting price, we end up paying £3200 for it :shock:

Moral of the story

 

[tifosi]

Find out who owns the domain, contact them directly, and don't go through sedo?

 

[domainseller200]

Totally feel your pain : http://www.acorndomains.co.uk/domain-research/88263-domaining-lesson-learnt-personal-tale.html

 

[websaway]

That's the danger when you get close to what they want and then they have nothing to lose by going to auction.
Surely as a buyer you should be aware of that.

 

[Brassneck]

That's the danger when you get close to what they want and then they have nothing to lose by going to auction.
Surely as a buyer you should be aware of that.

I agree with that - I would have done the same if I was the seller.

Stephen.

 

[Admin]

Depends how much you believe in enforcement of Sedo's T&Cs, I put one to action as the seller in a similar situation but the buyer backed out and I ended up with nothing.

Admin

 

[tifosi]

On the rare occasions someone makes an offer through Sedo and we get into a quote/offer rally I often give them a 'this is the price and I'll not take it to auction' quote.

They either put up or shut up at that point. Mainly shut up if they're tyrekickers!

 

[netpreference]

On the rare occasions someone makes an offer through Sedo and we get into a quote/offer rally I often give them a 'this is the price and I'll not take it to auction' quote.

They either put up or shut up at that point. Mainly shut up if they're tyrekickers!

Would have been nicer (and less painless) if he'd done that!

But I don't blame him, he got an extra grand for it... Next time I won't be so greedy

 

[sdsinc]

They flick it over to auction with our £1750 offer as starting price, we end up paying £3200 for it :shock:

Moral of the story

The moral is clear, when a domain is priced right, pull the trigger.

One day I sent a .org auction using the $850 as starting bid.
A second bidder entered the party and it ultimately sold for $2450, that is three times the initial amount. Bidder #1 should have accepted my $1000 counter-offer

As said above, as a seller you can use the send to auction feature as leverage in negotiations

 

[aggieuk]

The thing i found is that if you do get an offer then sent it to auction, the buyer tends to tail off and you don't get paid. So i tend to try and thrash out a deal if it's in the ballpark.