Quote:
Originally Posted by Dollarmansteve
So it's almost like... sellers want to sell for the highest price... and buyers want to buy for the lowest price.. and that, if you put them together in a room, or gave them a means to bargain, that buyers would make bids and sellers would make offers until they reached a mutually beneficial price for a sale??? like that????
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Most sellers want unrealistic money for a domain and buyers want to pay an unrealistically low amount for it and the spread is massive. I would imagine both people feel ripped off when the spread is so great. I have domains that were "appraised" at $20K but realistically worth about $2K based on what people have paid me for similar domains of mine. If I cut the appraised value in half to $20K it is still way more than it was worth to most people and $10K less than what I would feel I wanted for it. BIG spread.