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]

Wow, Domain King wayyyyyyyyyyyyyy overpaid.

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

[DaddyHalbucks]

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]

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]

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]

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]

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]

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]

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]

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]

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.