I had an interesting buying experience recently. I wanted to purchase a certain domain and inquired about it, the owner responded quickly saying that he “gets offers for it frequently and also has plans to develop it, however $10k would convince him to sell.” – a good reply you’d expect from a domainer.
That was quite above what I was going to offer, however I decided to try my luck and replied that my max offer is $1500 – which is a good market price for the domain. Of course I had little expectation from this since he made it pretty clear before that only $10k would make him part with the name. However surprisingly just a few hours later I received a reply saying that he’s ready to sell it for $2150..
That was still rather expensive, so I asked if he had any traffic stats for the domain – few days later he said no and lowered the price further to $1800. We exchanged a few more emails and eventually settled on $1600, with me paying the escrow fee.
In most cases, from my experience, if someone wants x for a domain, he’s not likely to agree on just about 16% of that amount. But you can always present your highest offer and make him choose. He might not get a higher offer for a while, so there is a good chance you might your sale.
Don’t give up easily. 🙂
Nice job
Sounds like you were pleased with the exchange.
Great buy for you – the seller must have been desperate to sell the domain (there are many desperate domain name sellers).