selling a domain name- ideas

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FlashMob

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Nov 15, 2011
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anyone got experience selling a domain name in the xx,xxx range?

I got an offer but am reluctant to sell because Im developing it, but if the buyer keeps raising on me I just might consider.

1. Is using an escrow service like escrow.com a safe way for a domain name transaction?

2. Do I need to hire a lawyer to oversee the whole process?

3. I am in the United states. What if the buyer is located outside of the united states?


any other things you gay webmasters might know about this that can help a gay webmaster like myself out.
 


You could always just use a broker like Moniker. They've done some pretty large deals in the past. Another alternative is sedo. If you don't want to deal with a broker get a lawyer to handle the escrow for you.
 
Internet Lawyer, Internet Attorney, Internet Law, Defamation, Mobile

Tell him I sent you so I can get my comission. In all serious, I would probably have somebody who handles internet law (like Aaron) draw up a contract and then use escrow.com.

Technically you can only be screwed from escrow.com when you're the buyer in domain transactions, but you don't want the guy to turn around six months down the track and try to sue you for some bullshit. So pay the $$$ and get it done right.
 
I have had good luck selling domains in the $ range you mentioned via Moniker in the past. You can reach out to John Mauriello over there.

-=Chipmunk=-
 
yeah use escrow.com its like $50 or something you can even have the buyer pay or split the fee if your cheap. it protects both parties, no need for a lawyer to oversee it
 
I've used Escrow.com but I still wish they had some holding accounts at all the major registrars like Sedo does. It's a bit unnerving when you have to transfer a $xx,xxx domain straight to the buyers account and you better hope they don't change the registrant info during the inspection period and then back out of the sale. Then you can be stuck with no money and no domain for 60 days until the lock is released by Verisign. At least with Sedo's escrow service they have control over the domain and the money until both parties agree to complete the sale.
 
I've used escrow.com seven times for domain purchases and sales from X,XXX into the low XX,XXX range and have never had a problem but I have heard some stories. You could choose to use Sedo.com instead as you can buy and sell any domain there. While the commission fees are much higher than Escrow, the previously mentioned added level of security might be worth it to you. Commission on a low XX,XXX sale to Escrow will be approximately $200 (plus a possible wiring fee) while Sedo takes 10%.
 
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