DNForum - Domain Sales, Domain Forum, Domain Appraisals, Domain Registrars - View Single Post

**JMJ** · 05-24-2008, 06:05 PM

Here's a few good examples of my reasoning. A couple of years ago I was brokering a few names for a pre-2000 domain investor. At the time he expected more 3x more than even an end-user was willing to pay. Fast forward until about six months ago and someone dug up one of my old posts and was willing to pay roughly that price. Only then the seller wants 3x times more.

My neighbor across the street is selling her house. She bought during the height of the real estate bubble. Now grant it my area is holding pretty well right now but over the past 6-7 years has reached it's height at $100-200 a SF opposed to pre2000-01 which was $50-$75 and now settling back down to within reason. She's been advised by professionals to spend I'd say 10k to turn a nice looking house into a model home. Considering that she bought at "what her house is now worth" and add to that anything shes put into it over the past few years plus all of the new (professional added value opinion stuff) that really doesn't add value (since shes not adding square footage) and then add to that the agent listing fees.

After all is said and done and in my opinion being a ex-mortgage company owner (don't worry I got out in 2001 due to irreconcilable differences not the market) and certified home inspector she's going to lose money in the end whereas she likely could have made a little money just putting it on the market as is. Not two blocks over I can buy twice the size of house on a corner lot for that matter for 1/4 more (at asking price) of her "advised" asking price. And the mortgage industry / Wall Street took all the blame for the current market downturn. As you can see the "professional valuators" who played the biggest factor.

In summary, the professionals are continually pricing themselves out of the market.

As far as the ICANN comment and about the only good thing I can say about them is they have been trying to move out from under the DOC oversight. Either way ICANN isn't the one who is awarding names. The ones who are, are suppose to be a fair, open and worldly organizations from my understanding? I'm not at all saying that they are but thats the idea. It wasn't a US company who was awarded lh.com now was it?

05-24-2008, 06:05 PM	#67 (permalink)
JMJ DNF Addict Name: John J. Last Online: Today 03:26 AM iTrader: (74) Join Date: Feb 2003 Posts: 3,314 DNF$: 4,372 Location: Neither here nor there Country:	Here's a few good examples of my reasoning. A couple of years ago I was brokering a few names for a pre-2000 domain investor. At the time he expected more 3x more than even an end-user was willing to pay. Fast forward until about six months ago and someone dug up one of my old posts and was willing to pay roughly that price. Only then the seller wants 3x times more. My neighbor across the street is selling her house. She bought during the height of the real estate bubble. Now grant it my area is holding pretty well right now but over the past 6-7 years has reached it's height at $100-200 a SF opposed to pre2000-01 which was $50-$75 and now settling back down to within reason. She's been advised by professionals to spend I'd say 10k to turn a nice looking house into a model home. Considering that she bought at "what her house is now worth" and add to that anything shes put into it over the past few years plus all of the new (professional added value opinion stuff) that really doesn't add value (since shes not adding square footage) and then add to that the agent listing fees. After all is said and done and in my opinion being a ex-mortgage company owner (don't worry I got out in 2001 due to irreconcilable differences not the market) and certified home inspector she's going to lose money in the end whereas she likely could have made a little money just putting it on the market as is. Not two blocks over I can buy twice the size of house on a corner lot for that matter for 1/4 more (at asking price) of her "advised" asking price. And the mortgage industry / Wall Street took all the blame for the current market downturn. As you can see the "professional valuators" who played the biggest factor. In summary, the professionals are continually pricing themselves out of the market. As far as the ICANN comment and about the only good thing I can say about them is they have been trying to move out from under the DOC oversight. Either way ICANN isn't the one who is awarding names. The ones who are, are suppose to be a fair, open and worldly organizations from my understanding? I'm not at all saying that they are but thats the idea. It wasn't a US company who was awarded lh.com now was it? __________________ "No tyranny is so irksome as petty tyranny: the officious demands of policemen, government clerks, and electromechanical gadgets." - Edward Abbey Last edited by JMJ; 05-24-2008 at 06:09 PM..