Quote:
Originally posted by Taboo
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.
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Thanks for the great info, as always. From the buyer's perspective, two things would worry me about a contract like this:
(1) the possibility that you could just lose the domain after paying in possibly several thousand. You might get all your money back, but none of that money would have collected any interest.
(2) If the domain suddenly rises in value, what is to stop the seller from suddenly raising the price. The market fluctuates, sometimes significantly over a short period of time, for some domains.
If I am buying a domain, the OPTIMAL type of arrangement I would like is for the seller, assuming he is not doing anything with the domain presently, to make it active on the buyers server and let the buyer 'rent' it, if you will. He still owns the domain so there is little risk to him. He can switch servers whenever he wants.
How do you feel about the whole idea of domain renting? A lot of people own domains that get a lot of type in traffic. A lot of potential buyers don't have the kind of $$ it would take to buy the domain outright.
Renting a domain would benefit the renter since it would be a good source of traffic that he can profit from. It would also benefit the seller since he would be collecting a monthly fee and the domain would be developed by the renter, thereby making it even more valuable in the long run.