16 {{ upvoteCount | shortNum }}
16 {{ upvoteCount | shortNum }}

Buying from Godaddy auction

by Haship
13 replies
Let's say someone is selling a domain out there, i'm just curious, what if i bid for a domain i want and i win the auction (i would be the highest bidder), but the bid actually would be a small bid. Can the domain owner cancel the auction later if he won't be satisfied with the bid? Or he must sell that domain to the highest bidder once the auction is over?
#auction #buying #godaddy
  • Profile picture of the author maz1207
    I haven't buy any domain from Godaddy auction except for 2 expired domains. Usually, a seller will set up a minimum price that they want. It's is also known as "reserve price". If you met the reserve price and you are the highest bidder, there's a probability that you'll get the domain.
    Signature

    {{ DiscussionBoard.errors[8956618].message }}
  • Profile picture of the author salegurus
    Bought loads of domains via GD Auctions and never had the seller cancel...
    Signature
    Think of how stupid the average person is, and realize half of them are stupider than that.

    ― George Carlin
    {{ DiscussionBoard.errors[8956687].message }}
  • Profile picture of the author topnichewebsites
    As far as I know never seen that a seller could cancel a bid just because on GD auction.
    Signature
    http://pixelcovers.com/ <- eBook add eCovers

    https://www.unicommercesolutions.com <- WordPress Websites and Maintenance
    {{ DiscussionBoard.errors[8956856].message }}
  • Profile picture of the author onSubie
    In general auctions do not allow this- whether a domain, flippa site or eBay.

    If the seller wants to protect his profit he can set a minimum bid for the item.

    That's not to say sellers (or buyers) don't try to get out of deals they regret.

    {{ DiscussionBoard.errors[8956883].message }}
    • Profile picture of the author nimrod123xadag
      Originally Posted by onSubie View Post

      In general auctions do not allow this- whether a domain, flippa site or eBay.

      If the seller wants to protect his profit he can set a minimum bid for the item.

      That's not to say sellers (or buyers) don't try to get out of deals they regret.
      Yeah, I think this is always the case with auctions.
      Signature
      Google Makes Money From Other People's Content.
      --> Here's How You Can Do The Same <--
      {{ DiscussionBoard.errors[8956906].message }}
  • Profile picture of the author wbee
    domain sellers set a min. and godaddy auction is pretty strict about making sure they stick with the deal if a buyer wins.
    {{ DiscussionBoard.errors[8957549].message }}
    • Profile picture of the author doctorofpc
      The seller will surely setup a minimum bid for that. But I do have bought some domain in GD auctions but never had problem for seller's side.
      {{ DiscussionBoard.errors[8957600].message }}
  • Profile picture of the author fcebri24
    Has never happened to me. I do not think it is possible.
    {{ DiscussionBoard.errors[8957613].message }}
  • Profile picture of the author robync
    I purchased an aged domain on there a few weeks ago and after I won the auction it was not in my account so called customer support and was told the owner still had 3 days left to pay the $85 or it would go to me as he had been sent emails about it expiring
    I got the domain after 72 hours just need to start making money with it now
    {{ DiscussionBoard.errors[8957645].message }}
  • Profile picture of the author JohnnyNight
    Two things come into play..

    First if it is an expired domain auction.. the owner still has about a week to pay the back registration fees as godaddy sets their auctions for expired domains for about a week before the domain would be deleted from the current owner's account..

    If the owner pays the back fees, the winner of the auction will not get the domain, but will get a refund of the auction price that was paid..

    Secondly, if it is an auction where the owner sets a reserve price.. of say $500, but highest bid at the end of the auction is only $200, or course the $200 bid does not win the name and the auction ends with no winning bid..
    {{ DiscussionBoard.errors[8957697].message }}
  • Profile picture of the author seo singapore
    I just bid a domain auction at godaddy and I am the higher bid and I just manage to met the reserve price. This mean the seller set the minimum price and I slightly above it now. I called godaddy support he said there is possibility seller still don't sell even I am higher bid and met the reserve? I find it a bit unreasonable? The support answered it in uncertain tone also. Anyway the auction end after 12 hours. Let see what happen after if I won it and one week later.

    Did anyone has this experience that won the higher bid and met reserve price and seller still don't sell it?
    Signature
    {{ DiscussionBoard.errors[9277277].message }}
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Haship View Post

    Can the domain owner cancel the auction later if he won't be satisfied with the bid?
    It's never happened to me.

    They can set a "reserve price" anyway, so it wouldn't be very logical?

    In practice, if the seller simply refuses to transfer the domain, you probably wouldn't realistically be able to do anything about it, but it seems rather unlikely?

    .
    {{ DiscussionBoard.errors[9277480].message }}
  • Profile picture of the author Edlund88
    He can not cancel the auction if you have won it, however if you didn't meet his reserve price or minimun price you would not get it.
    Signature
    {{ DiscussionBoard.errors[9277523].message }}

Trending Topics