$20K domain name sale? How to escrow - GoFuckYourself.com

baycouples · 09-03-2007, 12:21 AM

I have recieved an offer for about $20K for one of my domain names. I'm wondering if anybody can suggest an escrow company that takes care of sales like that and is located in the US.

I believe I'm dealing with an out of country ( non-US ) buyer so I don't want to get screwed with a scam.

Also, what is the best appraisal company to go with?

Fap · 09-03-2007, 12:23 AM

ive done a few escrows, hit me up (see sig)

SomeCreep · 09-03-2007, 12:23 AM

Quote:

Originally Posted by baycouples

I have recieved an offer for about $20K for one of my domain names. I'm wondering if anybody can suggest an escrow company that takes care of sales like that and is located in the US.

I believe I'm dealing with an out of country ( non-US ) buyer so I don't want to get screwed with a scam.

Also, what is the best appraisal company to go with?

Escrow.com

polish_aristocrat · 09-03-2007, 12:25 AM

if they want an appraissal before buying, its a scam, and forget about it and dont ask further questions ;)

Fap · 09-03-2007, 12:28 AM

Quote:

Originally Posted by SomeCreep

Escrow.com

yeah i've only heard good things about escrow.com

baycouples · 09-03-2007, 12:28 AM

Quote:

Originally Posted by SomeCreep

Escrow.com

How much do they charge?

Daruma · 09-03-2007, 12:29 AM

www.moniker.com - now has escrow service
I've never used it but see it when I login..

baycouples · 09-03-2007, 12:29 AM

Quote:

Originally Posted by polish_aristocrat

if they want an appraissal before buying, its a scam, and forget about it and dont ask further questions ;)

Really? Why do you say that? And why would they offer to use an escrow company for the transaction? How can you scam someone through an escrow company?

polish_aristocrat · 09-03-2007, 12:40 AM

i hate explaining this in particular cause no one ever explained the domain biz to me, but well here we go,

they contact you with a high offer, which you want to accept

they construct the email in such a way that it sounds profeessional and makes them look trustworthy, so e.g they mention that the sale will proceed via escrow etc (BTW when sending domain offers i always mention escrow too, heh, but im not a scammer!)

but they also say they want to do an appraisal before they buy it cause they cant risk overpaying etc
then they recommened an appraisal company to you (their own), you pay $300 or whatever for the appraisal and then you never hear from them anymore

quite sure its the case here, althoguh i dont know all the details and don't care enough, but be warned

lazycash · 09-03-2007, 12:41 AM

Quote:

Originally Posted by baycouples

Really? Why do you say that? And why would they offer to use an escrow company for the transaction? How can you scam someone through an escrow company?

It depends, many times they will tell you they only want it appraised at one place, which they happen to own. They will under appraise it, take your appraisal fee then back out of the sale. If you post their initial email and response here it will be easy to tell if its a scam. Out of curiosity, had you ever received an offer for that domain close to what they are offering and do you think its worth that much?

SomeCreep · 09-03-2007, 12:43 AM

Quote:

Originally Posted by baycouples

How much do they charge?

All of the info you need is on their site, including all of the steps involved in the escrow process.

Their fee depends on the amount of the escrow transaction.

https://www.escrow.com/support/calculator.asp

One also has the option of choosing who pays the escrow fee (i.e. buyer, seller, or split.)

gwidomains · 09-03-2007, 12:47 AM

escrow.com hands down for .com transfers

baycouples · 09-03-2007, 12:55 AM

OK. So, it seems that it's a scam. Never mind. Back to work :-)

pornask · 09-03-2007, 01:01 AM

Quote:

Originally Posted by polish_aristocrat

i hate explaining this in particular cause no one ever explained the domain biz to me, but well here we go,

they contact you with a high offer, which you want to accept

they construct the email in such a way that it sounds profeessional and makes them look trustworthy, so e.g they mention that the sale will proceed via escrow etc (BTW when sending domain offers i always mention escrow too, heh, but im not a scammer!)

but they also say they want to do an appraisal before they buy it cause they cant risk overpaying etc
then they recommened an appraisal company to you (their own), you pay $300 or whatever for the appraisal and then you never hear from them anymore

quite sure its the case here, althoguh i dont know all the details and don't care enough, but be warned

Wow, i'm really happy we have people who make posts like this one. Thanks PA, just something I would not have been ready for but now I am should the situation arise.

darksoul · 09-03-2007, 01:14 AM

Quote:

Originally Posted by Daruma

www.moniker.com - now has escrow service
I've never used it but see it when I login..

moniker is serious bidness

ridikuloz · 09-03-2007, 01:19 AM

Quote:

Originally Posted by darksoul

moniker is serious bidness

that sig is crazy, thought you actually put my username on there :D

09-03-2007, 12:21 AM	#1
baycouples Confirmed User Join Date: Mar 2004 Location: San Jose, CA Posts: 1,341	$20K domain name sale? How to escrow I have recieved an offer for about $20K for one of my domain names. I'm wondering if anybody can suggest an escrow company that takes care of sales like that and is located in the US. I believe I'm dealing with an out of country ( non-US ) buyer so I don't want to get screwed with a scam. Also, what is the best appraisal company to go with?

09-03-2007, 12:25 AM	#4
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	if they want an appraissal before buying, its a scam, and forget about it and dont ask further questions ;) __________________ I don't use ICQ anymore.

09-03-2007, 12:29 AM	#7
Daruma Confirmed User Join Date: Nov 2002 Location: PandaLand™ Posts: 3,494	www.moniker.com - now has escrow service I've never used it but see it when I login.. __________________ RIP TD

09-03-2007, 12:40 AM	#9
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	i hate explaining this in particular cause no one ever explained the domain biz to me, but well here we go, they contact you with a high offer, which you want to accept they construct the email in such a way that it sounds profeessional and makes them look trustworthy, so e.g they mention that the sale will proceed via escrow etc (BTW when sending domain offers i always mention escrow too, heh, but im not a scammer!) but they also say they want to do an appraisal before they buy it cause they cant risk overpaying etc then they recommened an appraisal company to you (their own), you pay $300 or whatever for the appraisal and then you never hear from them anymore quite sure its the case here, althoguh i dont know all the details and don't care enough, but be warned __________________ I don't use ICQ anymore.

09-03-2007, 12:23 AM	#2
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	ive done a few escrows, hit me up (see sig)

09-03-2007, 12:47 AM	#12
gwidomains Confirmed User Join Date: May 2007 Posts: 426	escrow.com hands down for .com transfers

09-03-2007, 12:55 AM	#13
baycouples Confirmed User Join Date: Mar 2004 Location: San Jose, CA Posts: 1,341	OK. So, it seems that it's a scam. Never mind. Back to work :-)