I don't even understand why the o.p. was trying to sell the site in the first place. It's his main source of income. Why would you want to give up your main source of income? The site is is making way more money in a year than some random person is offering for it. Why is this even up for debate? College is probably a waste of time anyway, but if you want to, go ahead and knock yourself out. But keep your main source of income! Surely you can work on the site and matriculate for classes, right?
Got an offer to buy one of my sites...ADVICE PLEASE!!
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The contract will be worthless if things go wrong. And looking at the world today I think there is a good chance of things going wrong.Comment
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Exactly... Just hire someone to run the shit for you...ARE YOU INSANE?
He's only paying $15,000 for the site. He's then using YOUR own revenue over the 3 years to pay you the balance. It isn't costing him anything but that $15K. If he was paying you more than waht the site makes monthly that is a different story but he's not.
Don't take that deal.Comment
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Random thought here... is there some sort of domain escrow service that will (subject to terms of a contract) host DNS for a specific period of time? That way if the buyer stuffs the seller around they retain control of the domain... and if the seller stuffs the buyer and doesn't keep up with agreed responsibilities then the buyer takes control... or something. :D Basically an independent third party that holds the key (the zone file) to the site.Comment
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I believe Moniker.com provides a long term escrow service.Random thought here... is there some sort of domain escrow service that will (subject to terms of a contract) host DNS for a specific period of time? That way if the buyer stuffs the seller around they retain control of the domain... and if the seller stuffs the buyer and doesn't keep up with agreed responsibilities then the buyer takes control... or something. :D Basically an independent third party that holds the key (the zone file) to the site.Comment

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