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Are domain brokers needed?

by JosephC
15 replies
A domain I would really like to buy just went up for sale after several years of it launching. Looking at the $900 price tag, I don't think they will just let any old schmuck off the street purchase it. I have to show that I am a serious buyer.

My question is that If I am a serious buyer, do I need to go through a broker or is there another method to show my interest professionally? If I do have to go through a broker, what is the best one to go through? I know on there domain they have a Sedo inquire form.
#brokers #domain #needed
  • Profile picture of the author banwork
    You don't need to use a broker if you use a website like flippa or use escrow.com to secure your transaction. I just sold my original website for $5,500 on Flippa and had no problems with the transaction.

    The most important thing to the buyer is getting the money and the most to you is getting the domain. Escrow helps by getting the money from the buyer first and then requiring the seller to transfer the domain and paying the seller when that is complete.
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    • Profile picture of the author JosephC
      Originally Posted by banwork View Post

      You don't need to use a broker if you use a website like flippa or use escrow.com to secure your transaction. I just sold my original website for $5,500 on Flippa and had no problems with the transaction.

      The most important thing to the buyer is getting the money and the most to you is getting the domain. Escrow helps by getting the money from the buyer first and then requiring the seller to transfer the domain and paying the seller when that is complete.

      Ok but what if he did not list it on Flippa or Escrow? Will the owner be offended if I ask him to put it on one of those sites so I can buy it? I am looking for the most professional way to show this buyer I am interested without losing the chance to buy the domain.
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      • Profile picture of the author Ardoris
        Originally Posted by joecason View Post

        Looking at the $900 price tag, I don't think they will just let any old schmuck off the street purchase it. I have to show that I am a serious buyer.
        $900 price tag is not big to domain sellers.
        They will let anyone purchase it as long as seller don't think buyer may be a scammer.

        Originally Posted by joecason View Post

        Ok but what if he did not list it on Flippa or Escrow? Will the owner be offended if I ask him to put it on one of those sites so I can buy it? I am looking for the most professional way to show this buyer I am interested without losing the chance to buy the domain.
        Why would seller think it's not professional way simply because you don't use broker?
        I sell domains and most of my domain sales are not thru broker.

        Send email to domain owner and say you want to buy the domain using escrow.com.
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  • Profile picture of the author JensSteyaert
    Yes just make them a proposal to use escrow and you should be able to purchase it if it's a fixed price.

    I have bought some domains before using escrow and the seller never made any fuss about it so that's a good option.
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    • Profile picture of the author JosephC
      Originally Posted by JensSteyaert View Post

      Yes just make them a proposal to use escrow and you should be able to purchase it if it's a fixed price.

      I have bought some domains before using escrow and the seller never made any fuss about it so that's a good option.
      So is escrow.com a domian marketplace or just a place for people to do domain transactions? (Escrow is not showing up on my computer right now)
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  • Profile picture of the author Roy Carter
    Joe, try this link https://escrow.com/

    Working just fine for me right now. The site explains what you need to know.
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    • Profile picture of the author JosephC
      Originally Posted by Roy Carter View Post

      Joe, try this link https://escrow.com/

      Working just fine for me right now. The site explains what you need to know.
      Still not working for me for some reason. It might just be a problem with my cookies or something. I will definitely look into it later.
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    • Profile picture of the author AlbertBarkley1
      I am agreed with Joe..

      Originally Posted by Roy Carter View Post

      Joe, try this link https://escrow.com/

      Working just fine for me right now. The site explains what you need to know.
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  • Profile picture of the author DubDubDubDot
    Originally Posted by joecason View Post

    Looking at the $900 price tag, I don't think they will just let any old schmuck off the street purchase it.
    No broker needed (unless you want to protect yourself of course). They will gladly accept your money. Happens daily.

    I wouldn't pay the $900 though. Domains usually have room for a lot of negotiation priced into them.
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    • Profile picture of the author JosephC
      Originally Posted by DubDubDubDot View Post

      I wouldn't pay the $900 though. Domains usually have room for a lot of negotiation priced into them.
      Knowing this entrepreneurs track record, he is very firm on his price. It is well worth the $900 to me. I have the money and its really no big deal.
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  • Profile picture of the author Nuno
    I'm a broker (and large portfolio owner) but if they already have a firm fixed price you don't need any, just use Escrow.com or Sedo.com (external transfer is 3% , not 15% , but cannot be used while listed there).
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  • Profile picture of the author graceemily
    No need to go to any broker, there are some online market, where domain sell. you can take a look on these site Here I am giving an example. such as flippa it is a site, where you will get many old web site. you will be able to buy as you want/ expect.
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  • Profile picture of the author sbucciarel
    Banned
    I just make them an offer. If they are firm and you want to buy it, tell them. No broker needed, but I might use escrow.com to protect both parties.
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  • Profile picture of the author aidenmia
    Have you gone to flippa? It is one of the good site, where there are many seller wants to offer you to buy their site. you will be able to choose form many. I hope you will get your expected one.
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by joecason View Post

    Looking at the $900 price tag, I don't think they will just let any old schmuck off the street purchase it.
    I think they'll let someone with $900 buy it, regardless of whether he's a schmuck off the street.

    Originally Posted by joecason View Post

    I have to show that I am a serious buyer.
    You show that by offering $900 and having your money ready to pay by escrow.

    Originally Posted by joecason View Post

    My question is that If I am a serious buyer, do I need to go through a broker
    No. Your money is what matters. If you can't buy it through some kind of escrow service, then don't pay, because it isn't safe to buy. You don't need a broker.
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