Seller: James2002 backed out of the committed deal!!

[loudbeats.com]

Seller: James2002 backed out of the committed deal !! I don't know his Chinese name so we will have to go with his fake name for now..

After finalizing a deal with him for his asking price of $10k, we confirmed it with a client as well so that we can take next step of securing a payment & everything, and in the meantime he backed out of the deal saying he is getting more money & has finalized a deal at $14k.

I would have to salute his courage & guts, because his response was kind of amazing when I call him on his phone# +44-7894082526, to my further negotiation on trying to get a resolution to this dispute. This is what he had to say word by word, to my effort "You are Indian, that's why upset about this deal!! Ask your client to contact me and I will explain him everything". I warned him that I will be roping in moderators plus forum members about this deal gone sour and he had balls to say: "you can do whatever you want cuz I DONT CARE!!" and hungup on me...

---This is how it all started---

He contacted me with a domain name: xxxxxxx.com and asked for offer in 5 figures. I made him several low to mid $xxxx offers but he rejected them completely seeking for more. I sent him another message:

My message to James, I

Originally Posted by loudbeats.com

If you come in range of $5k-$10k range for this name, I have a client interested in the name who is getting a site developed from my team

Thanks, do let me know asap

He responded saying this:

Originally Posted by james2002
Thanks

But I paid myself good price for this name and could only sell in five figures.

This is what I said:

Originally Posted by loudbeats.com

Honestly James, its your name and you can ask for whatever price but there has to be a buyer ready to pay that price as well.

Im not sure how up to date you are on the sales of gambling domain names.. but keep in mind, the keyword "casino" is MUCH better than the keyword "blackjack".

As you can see from searching google, ecasino.com sold for $25,000

Please see:

https://adwords.google.com/select/KeywordToolExternal

and search casino:

casino 24,900,000 OVT

then search blackjack:

blackjack 3,350,000

Now, if we were to base the valuation on those numbers.. and consider the selling price of $25k for ecasino.com, we would come up with less than $3400 as a fair price. Sure the sale was several years ago, so inflation in the value is expected.. which is why I really feel that my $5k-$10k range offer was fair one (especially considering we were talking about it in the reseller market.)

Thanks, Jay

And his response was:

Originally Posted by james2002


Firstly eCasino.com was so at bargain price and the previous owner should shot his computer down.

If you calcualte like that, consider ecruise.com and eflowers.com sale prices. If I compare "cruise, flowers and blackjack", my domain would be woth six figures.

Sorry, firmly five figures. I don't need to sell.

My response to his message was:

Originally Posted by loudbeats.com

If ecruise & eflowers were gambling related keywords, i would have defi compared 'em, but oh well I'll pass!

Good luck!

his response was (look at the way he is still trying to know my offer):

Originally Posted by james2002


Anyway, thanks for interest.

I like to sell this to end user and not to reseller.

What is your highest offer, by the way?

I responded again:

Originally Posted by loudbeats.com

Client might be able to cough up somewhere around $7500 if pushed.

Cheers, Jay

Thats when he played smart with a "valid for 24 hours" asking price:

Originally Posted by james2002

My last price $10,000

Valid for 24 hours

Buyer pays the escrow fees.

I responded, as I was annoyed with the "24 hour validity period", however didnt rejected his standing offer. Instead asked for him permission to pursue this further:

Originally Posted by loudbeats.com

Sorry buddy I dont work on "valid for 24 hours" stints. As I had informed you earlier, I have a client who is interested in your domain at a reasonable price.

Now whoever is going to spend around $10k will need time to consider his/her options. So, if your 24 hr period aint over yet, I can go ahead and speak to my client about it and we can get it over and done with, at a mutually agreed price.

Let me know your thoughts asap, so that I can pursue this further if you wish!

Thanks, Jay

Also sent this pm in the meantime, still within 24 hour timeframe and asking him if he will accept this price (Please keep in mind that I didnt reject his bin price, instead was just inquiring if he will take this offer):

Originally Posted by loudbeats.com

James, I have client with me.. want to take $8k and wrap it up through escrow?

Let me know please. Thanks

He turns back and repeats the same thing:

Originally Posted by james2002

$10,000 is my lowest price
Buyer pays fees

Thanks

And I responded:

Originally Posted by loudbeats.com

All right sold @ $10k. can we do this via moniker escrow?

He responds saying:

Originally Posted by james2002

Sorry. I was negotiating with the other party and we had agreed for a price.

I was amazed at this response that I got after an hour from him, and when I asked him why is he doing this when he has confirmed it with me on a sales price.. His response kind of humorous & ridiculous: "I thought you are like other dnforumers who would run away."

Does this mean other DNF members are like this as well, and DNF should get used to members like him backing out of the deal???

Here is the Forum rule that re-iterates something :

8. Complete your sales! If a member posts "sold" or PM's that he/she will buy your domain, website, service, etc., please attempt to complete the sale in a timely manner. This goes for both parties, please make yourself available to complete the sale as soon as possible. In addition, your word is your bond. If you agree to a deal, you shouldn't back out - even if you receive a higher offer (sellers) or if you think you offered too much (buyers). Do the right thing and the right thing will eventually return to you.

[james2002]

My offer of $10,000 was rejected by him offering $8000 and therefore my offer was no more valid.

He was just BLACKMAILING ME saying "sell this domain" or will post in public .

I said WAIT FOR MODERATORS REPSONSE BUT HE WAS NOT AGREEABLE AND THREATEN again and again. I fed up with this and said " do whatever you like I don't care" because it is waste of time to explain a blackmailer who refused to wait for the mod's intervention.

[james2002]

Originally Posted by james2002

My offer of $10,000 was rejected by him offering $8000 and therefore my offer was no more valid.

He was just BLACKMAILING ME saying "sell this domain" or will post in public .

I said WAIT FOR MODERATORS REPSONSE BUT HE WAS NOT AGREEABLE AND THREATEN again and again. I fed up with this and said " do whatever you like I don't care" because it is waste of time to explain a blackmailer who refused to wait for the mod's intervention.

I have domain transactions and deals fall through numerous times and never blackmailed like him.

It is not good character to do blackmailing like this and refusing to wait for MOD's response.

Mod's response was as follows:

You offered to sell it for $10,000 and he rejected it by offering $8,000. I'd say you don't have to sell it - he rejected your offer and it sounds like you didn't accept his.

I offer him $$$ as compensation as it would be waste of time to reply and make fess about the deal fell through.

[GUA]

$10k is my lowest price. Ok sold. Therefore it is sold ! Complete the deal.

[james2002]

No.

I was busy with my out patient and when I say $8000, I got angry with him as he overlooked what I mentioned in my previous email and therefore repeated what I said in previous PM . That's all.

[TheLegendaryJP]

For the most crucial pint of the story is timing.

At what time/date did you ( loudbeats.com ) reply sold at $10k and did his higher offer come after that?

Now if you replied AFTER he accepted the better offer...

While he could have informed you it was first come first serve I do not think less of him for taking an offer before hearing back from you again. Here is why, what if you never replied? Leaving things open ended is VERY dangerous and can lead to issues, that is why his 24HR time frame would have been best, just extend it to more as a buyer if you can and lock up a time frame, like real estate.

[loudbeats.com]

Something notable that I observed, his Namepros profile is canned for being a repeat offender: link

[james2002]

Sorry. Mistyped.

When I saw his offer of $8000, I got a bit irritable and repeated what I said in my previous PM to make him aware that he should not send offer of 8000 to me as I made it clear.

From that point onwards, I thought he was one of the time wasters and I negotiated with other party and got a deal.

Deals fell through all the times. Check my threads, I never made public when sales fell through.

It is not a good practice.

I bought a website called www.triphp.com which I paid low xxxx. The seller then sold the database to someone else. I only sent a few emails and I gave up and I even not mentioned his name in dnforum etc... as it would be waste of time for me to do such things. I really don't see the point.

I rather focus on domaining and my job.

Now I have wasted time for this.

[loudbeats.com]

Originally Posted by TheLegendaryJP

For the most crucial pint of the story is timing.

At what time/date did you ( loudbeats.com ) reply sold at $10k and did his higher offer come after that?

Now if you replied AFTER he accepted the better offer...

While he could have informed you it was first come first serve I do not think less of him for taking an offer before hearing back from you again. Here is why, what if you never replied? Leaving things open ended is VERY dangerous and can lead to issues, that is why his 24HR time frame would have been best, just extend it to more as a buyer if you can and lock up a time frame, like real estate.

Rightly said JP, however I can furnish all the required proofs, screenshots if required.. will take me not more then 10-15 minutes to do that.

I went to BIGGEDON, and then to JOHNN about it, seeking their opinion (since he is claiming I didnt wait for moderators to intervene) and they suggested me that these are available options to me, so I decided to open this thread for fair trial.. and to let everyone know how this person deals!

[Acro]

I hate to break the news to you both but either you work it out or you let it go. Without a written contract - heck, even with a written contract - there is little to be done. There is a lot of damage to be sustained from this exchange and not a whole lot of positive outcome. If money had changed hands things would have been different.

[amcdonald]

there was another deal he said. you have no one to blame but yourself for dancing around with your offers. he said 10k from the start and you pushed the limits. you lost out when another buyer was interested and coughed up the cash before you by the sounds of it. thew chance we ALL take when trying to save a buck or several grand.
a deal isnt a deal until both parties are agreed it is sold and finalized.

my 2 cents.

[loudbeats.com]

Originally Posted by Acro

I hate to break the news to you both but either you work it out or you let it go. Without a written contract - heck, even with a written contract - there is little to be done. There is a lot of damage to be sustained from this exchange and not a whole lot of positive outcome. If money had changed hands things would have been different.

Thanks Theo for your input!

So you mean to say that forum rules are nothing and should be disregarded? lol

[Acro]

All I'm saying is both of you should step back, have some quiet time and try to resolve it in private; if not, you'll be exchanging "air punches" in public. Not good.

[loudbeats.com]

Originally Posted by amcdonald

there was another deal he said. you have no one to blame but yourself for dancing around with your offers. he said 10k from the start and you pushed the limits. you lost out when another buyer was interested and coughed up the cash before you by the sounds of it. thew chance we ALL take when trying to save a buck or several grand.
a deal isnt a deal until both parties are agreed it is sold and finalized.

my 2 cents.

Donanld, everyone tries to save.. bargain or negotiate whatever you wanna call it, part of the business game, however backing out isn't fair business practice or is it in your books?

[james2002]

Originally Posted by loudbeats.com

Something notable that I observed, his Namepros profile is canned for being a repeat offender: link

If you don't know , don't accuse people. Alright.

Never do that.

I was banned because:

1) I mentioned a domain in a reply in a thread and the MOD banned for few days.

2) I created a ticket to get to reopened and the MOD agreed to open it . But I mentioned about how I got benefit from the dnforum which I prefer etc... After that the MOD banned me forever. I don't want to mention the MOD name. That's what happened.

Basically I was banned becaused I spoke my mind.

[loudbeats.com]

Originally Posted by Acro

All I'm saying is both of you should step back, have some quiet time and try to resolve it in private; if not, you'll be exchanging "air punches" in public. Not good.

I tried resolving this, by calling him.. where he gets racist & says: you're an Indian that's why you upset with deal getting sour" I mean like what the hell does he mean by that anyways?? lol

I also tried offering him $11k.. so that this could finish & we could have a resolution but he wouldn't budge from 14k..

[Acro]

Then settle it by apologizing to eachother and working on some future deal. Opportunities return when both parties end the fighting. Sorry Jay, not taking sides here but I see the pure negative energy wasting down some future goodness

[james2002]

Originally Posted by Acro

All I'm saying is both of you should step back, have some quiet time and try to resolve it in private; if not, you'll be exchanging "air punches" in public. Not good.

That was exactly what I said. He would not solve this in private. He just threatened me again and again.

I advised to solve this through moderators and not to make public. But he didn't agree and start this thread.

If I have to start such threads , I would have to start multiple threads when the sellers fail to keep promises and I would also have wasted many hours of my valuable time.

I hate this kind of threads and don't actually see the point. Just waste of time.

[Acro]

If I were a teacher, it'd be timeout time

[james2002]

Originally Posted by loudbeats.com

I tried resolving this, by calling him.. where he gets racist & says: you're an Indian that's why you upset with deal getting sour" I mean like what the hell does he mean by that anyways?? lol

I also tried offering him $11k.. so that this could finish & we could have a resolution but he wouldn't budge from 14k..

I didn't mean to be racist. I have gone through many deals which fell through but never been blackmailed like what you did.

You said "sell me the domain or I would make it public". It is simply blackmailing. I advised to wait for mod's responses but you got so upset and would not wait. My apologies if my words hurt you. Sorry.