Quote:
Originally posted by boobmaster
Just curious. When you sell a domain for a significant amount of $$, do you always require that all the funds be paid immediately?
Are you ever willing to accept monthly payments and transfer the domain when the balance has been paid up? For example, you sell a domain for 10k, accept monthly payments of 1k from the buyer over 10 months, and then transfer the domain?
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yes. sure. done it many times before. even spread it out over years for one client.
Only you can decide what's good for you. Give the buyer multiple options. for a situation like that, obviously don't give the buyer control or use of the domain until paid in full. have an ironclad contract, and tell the buyer that if he defaults, you...
a) either return the payments
b) loses 50%
c) loses 100%
(you decide and include in contract)
if another buyer comes along and can pay immediately, you can offer him first right of refusal (pay in full) or you will return his money and sell to new buyer. mix & match, or DIY, but consult a lawyer and google for FAQs, escrow services, contract suggestions, etc. you can use lots of tactics to qualify the buyer to make sure he's not wasting your time. too many people fishing for prices, so you need to have a strategy to weed them out.
good luck.