Property.com Ties for #1 Sale of 2005 To Headline a Huge Week for Domains

[Duke]

The weekly domain sales report is out at DNJournal.com and it was a truly remarkable week. Rick Schwartz plunked down $750,000 in cash to acquire Property.com and tie Website.com for the largest sale reported thus far in 2005. In the very same week, Monte Cahn's Moniker.com handled the $285,000 sale of ShoppingCart.com...and that is just the start of this week's stunning sales story. Read all about it through the link below:

DNJournal.com Weekly Domain Sales Report

[scottatmu]

The King buys a domain Nice sale!

[DaddyHalbucks]

Wow, Domain King wayyyyyyyyyyyyyy overpaid.

[izoot]

Originally Posted by DaddyHalbucks

Wow, Domain King wayyyyyyyyyyyyyy overpaid.

Really Hal? What do you value the domain at and why?

[DaddyHalbucks]

Originally Posted by izoot

Really Hal? What do you value the domain at and why?

Well, it's gotta make $10,000 a month.. just to pay the imputed interest on the acquisition money.

To properly develop it and promote it, it will take a sizeable capital chunk.

It could work as a long term investment --just seems very risky to me.

[Focus]

wow, I think you are completely wrong on this one, property.com might be a steal actually at this price, truly one of the top 3 realestate names on the planet! i.e.
Realty.com, Realestate.com, Property.com...and for less than a mill? It's a very fair price imo...what a truly top gem domain...with property prices soaring and so much money to be made in that market segment its a very wise buy...Just my 2 cents..


Chris

and 750k doesnt hurts Rick's checkbook one little bit, trust me! -drop of water in the bucket! (all that hard earned PPC profit..lol)

[izoot]

Originally Posted by Mocus

wow, I think you are completely wrong on this one, property.com might be a steal actually at this price, truly one of the top 3 realestate names on the planet! i.e. Realty.com, Realestate.com, Property.com...and for less than a mill? It's a very fair price imo...what a truly top gem domain...with property prices soaring and so much money to be made in that market segment its a very wise buy...Just my 2 cents..


Chris

and 750k doesnt hurts Rick's checkbook one little bit, trust me! -drop of water in the bucket! (all that hard earned PPC profit..lol)

I agree with you...Hal is way off on this. This is an amazing domain that will easily make the money back...there are a multitude of options to develop this domain but something as simple as offering a directory of properties and realtors with a monthly listing fee would work great.

This was a good price for this domain ... to and enduser its value is easily in the 7 figure range...go take a look at what some of the big property dev companies make on sales yet alone spend on marketing, advertising and property rentals for offices....$750k is a drop in the bucket....

[Acro]

At least this looks like a real sale - unlike the #5 on the overall list.

[NameTower]

Originally Posted by Mocus

wow, I think you are completely wrong on this one, property.com might be a steal actually at this price, truly one of the top 3 realestate names on the planet! i.e.
Realty.com, Realestate.com, Property.com...and for less than a mill? It's a very fair price imo...what a truly top gem domain...with property prices soaring and so much money to be made in that market segment its a very wise buy...Just my 2 cents..


Chris

and 750k doesnt hurts Rick's checkbook one little bit, trust me! -drop of water in the bucket! (all that hard earned PPC profit..lol)

You cannot put property.com into the same league as realestate.com.
It's not worth 10% of it (I'm speaking domain only, as realestate.com is developed).

[Leading Names]

Seems a fair price to me. Property.com would have more value than RealEstate.com to a UK end user, not sure about other countries.

Put it this way, $750,000 = 1 small flat in certain upmarket areas of London.

- Rob

[Steen]

Originally Posted by Leading Names

Seems a fair price to me. Property.com would have more value than RealEstate.com to a UK end user, not sure about other countries.

Put it this way, $750,000 = 1 small flat in certain upmarket areas of London.

- Rob

Or a fair 400,000 GBP house in a nice area d

[KRL]

Property.com was a steal at that price. I had bid on it at $1 Mil, but the seller didn't want to do 4 monthly payments of $250K, and then didn't want to include the database and content that was on there for that amount, and instead went with Rick's all cash now offer at $750K for the domain only.

Fully developed it's got the potential to create a huge cash flow that certainly would more than justify that acquisition price.

Congratulations to Rick!

[Fearless]

I estimate $75/day PPC. $20/day with what he's got there now. Kind of late in the game to try and emulate realty.com or realestate.com. The cost of the name would be a miniscule % of what it would take to even attempt to compete with those sites.

[Acro]

Property is more than real estate. It's cars, gold coins, collections, yachts, domains, art etc. It's the ultimate domain about OWNERSHIP.

[DaddyHalbucks]

Originally Posted by KRL

Property.com was a steal at that price. I had bid on it at $1 Mil, but the seller didn't want to do 4 monthly payments of $250K, and then didn't want to include the database and content that was on there for that amount, and instead went with Rick's all cash now offer at $750K for the domain only.

Fully developed it's got the potential to create a huge cash flow that certainly would more than justify that acquisition price.

Congratulations to Rick!

Well, maybe you should consider yourself lucky. Sometimes deals are meant to fall a part.

I think the domain is a high $XX,XXX- low $XXX,XXX name. That's just my opinion.

Still, Rick owns quite a few more AAA domains than I own, and has made a ton of money, so he is doing something right.

It will be interesting to see what he does with it.

[KRL]

Originally Posted by DaddyHalbucks

Well, maybe you should consider yourself lucky. Sometimes deals are meant to fall a part.

I think the domain is a high $XX,XXX- low $XXX,XXX name. That's just my opinion.

Still, Rick owns quite a few more AAA domains than I own, and has made a ton of money, so he is doing something right.

It will be interesting to see what he does with it.

Well I agree, you never know on the big domains. A lot depends on what is done with it. But I did get a valueation opinion from one of the top domain acquisitions experts in the country and he thought $1M to $1.5M was a fair market value range.

[Fearless]

Originally Posted by RADiSTAR

Property is more than real estate. It's cars, gold coins, collections, yachts, domains, art etc. It's the ultimate domain about OWNERSHIP.

It's better to have focused traffic.

[Acro]

A gateway on "property" would have all the focused traffic that you can imagine. Frankly, I don't see the domain was bought with the intention to just sit parked on some PPC engine.

[DaddyHalbucks]

Originally Posted by Gregr

I estimate $75/day PPC. $20/day with what he's got there now. Kind of late in the game to try and emulate realty.com or realestate.com. The cost of the name would be a miniscule % of what it would take to even attempt to compete with those sites.

Yup. $20 a day is quite a ways away from the $300 a day he has to make just to break even on the "land," never mind the capital improvements necessary for a possible major site.

The domain isn't even in the same city as RealEstate.com --nevermind the same ballpark.

It's a long shot, IMO.

[Fearless]

Originally Posted by KRL

Property.com was a steal at that price. I had bid on it at $1 Mil, but the seller didn't want to do 4 monthly payments of $250K, and then didn't want to include the database and content that was on there for that amount, and instead went with Rick's all cash now offer at $750K for the domain only.

Come on. Are you saying the seller wouldn't wait 3 months to end up with $250K more? Get real. I can get content on Ebay for $5.