Question re: Sedo buying/selling process

[none]

I found a domain that was offered at $x. I put in a bid for the same amount. The instructions say that the bid and offer are binding for 7 days.

At the end of 7 days, do I win the domain?

It seems that even though I put in a bid at the seller's offer price, Sedo is still accepting bids for it.


1. I bid the offer amount. Do I win the domain at the end of 7 days if noone else has bid for it?
2. if #1 is true, who wins if there are more than 1 bid of the same amount?

Can somebody shed some light on their process?

Thanks folks.

 

[pelican]

sedo is not holding domain auction.

- seller list domain and invite for offers
- you make an offer
- the seller agree the offer
- then it is a deal.

 

[fatter]

with sedo if it has a price with make offer, seller is not obligated to sell.
If it has a price with fixed price(it must say fixed price) then he is obligated to sell, that has caused confusion with buyers, they have a price listed but if it is still in make offer category he can still jack it up to 1 million