I have forgot to mentioned so far where the domain is hosted and what payment methods are prefered:
The domain is with godaddy.com.
Accepted payment methods I currently am signed up to are Paxum and Paypal but the transaction can also be done through Escrow if the buyer wishes to go that route.
I am willing to listen to other payment method suggestions but would prefer the three mentioned above.
Thanks for all the encouraging words so far guys and the highest bid still is $400 with just over 3 days to the end of the auction.
Cody