Advice...Putting Pressure on Broker ?

Ging · 26-02-2010, 10:15:56 AM

Wonder if anyone can give any advice on this issue for me or faced the same problem

Contacted out of the blue by a broker based in the USA in middle of January.Agreed the price and signed a contract to sell the domain. So broker set up escrow on 5th of this month. No monies have been sent as yet

They are saying they have still not recieved payment from their client.

Can anyone suggest a tack to take on getting things moving ? I've asked a couple of times whats happening and it's always the same reply. Waiting for payment from our client.

Thanks

Muller2 · 26-02-2010, 02:14:49 PM

just say you have another interested party and if the sale isn't completed within 48hrs then you will move on......

Just check your contract over thou before you go ahead.

newguy · 26-02-2010, 02:22:58 PM

Did the contract stipulate a date at which it's null and void if the deal hasn't been completed by x date?

fish · 26-02-2010, 02:25:50 PM

Quote:

Originally Posted by Ging

Wonder if anyone can give any advice on this issue for me or faced the same problem

Contacted out of the blue by a broker based in the USA in middle of January.Agreed the price and signed a contract to sell the domain. So broker set up escrow on 5th of this month. No monies have been sent as yet

They are saying they have still not recieved payment from their client.

Can anyone suggest a tack to take on getting things moving ? I've asked a couple of times whats happening and it's always the same reply. Waiting for payment from our client.

Thanks

You can lead a horse to water, but you can't make it drink.

whilst it is imperetive in any sales cycle to ensure the deal is fullfilled it would seem that in your case the 'stumbling block' is with the buyer and not the broker.

you could advise the broker to inform the buyer that if the deal is not concluded within a given time frame then the domain will be offered to other interested parties (i.e. others that have 'expressed an interest' in buying the domain).

Ging · 26-02-2010, 04:24:38 PM

Quote:

Originally Posted by Muller2

just say you have another interested party and if the sale isn't completed within 48hrs then you will move on......

Just check your contract over thou before you go ahead.

I think the domain is too niche to go with that one. I would have tried it but I don't think it would wash. Also it was a hand reg 5 months ago and I punted �650 for it and they said yes without haggling. Why I'm in a bit of a quandry.

Ging · 26-02-2010, 04:30:14 PM

Quote:

Originally Posted by newguy

Did the contract stipulate a date at which it's null and void if the deal hasn't been completed by x date?

No...it only says "promptly".

Ging · 26-02-2010, 05:03:11 PM

Just had email from them...they got the funds....what are the chances of that happening !!!!!! Hhhmmmm very strange.

FagEnd · 02-03-2010, 10:32:19 PM

.................................................. .....

Ging · 03-03-2010, 09:34:34 AM

Quote:

Originally Posted by FagEnd

Nothing wrong with punting a hand reg at 650 notes. Happens all the time. All domains have been hand regges at one point, and there are still plenty out there. Finding them is the bugger

If it is going through escrow you have nothing to worry about. You either get your 650 or keep the domain.

If it does not complete first time around, charge them double

Money came through the next day.

It wasn't a great domain so it must have been very specific client requirement.

26-02-2010, 10:15:56 AM	#1 (permalink)
Ging Member Join Date: Feb 2008 Posts: 93 No Classified Ratings Domain Trader Rating: (0% / 0)	Advice...Putting Pressure on Broker ? Wonder if anyone can give any advice on this issue for me or faced the same problem Contacted out of the blue by a broker based in the USA in middle of January.Agreed the price and signed a contract to sell the domain. So broker set up escrow on 5th of this month. No monies have been sent as yet They are saying they have still not recieved payment from their client. Can anyone suggest a tack to take on getting things moving ? I've asked a couple of times whats happening and it's always the same reply. Waiting for payment from our client. Thanks __________________ Hampshire on your Phone Shanghai - Visit Shanghai

26-02-2010, 02:22:58 PM	#3 (permalink)
newguy Join Date: Dec 2009 Location: UK Posts: 1,452 No Classified Ratings Domain Trader Rating: (100% / 21)	Did the contract stipulate a date at which it's null and void if the deal hasn't been completed by x date? __________________ horse racing tips \| Funny Quotes \| Funny Pictures.

26-02-2010, 05:03:11 PM	#7 (permalink)
Ging Member Join Date: Feb 2008 Posts: 93 No Classified Ratings Domain Trader Rating: (0% / 0)	Just had email from them...they got the funds....what are the chances of that happening !!!!!! Hhhmmmm very strange. __________________ Hampshire on your Phone Shanghai - Visit Shanghai

02-03-2010, 10:32:19 PM	#8 (permalink)
FagEnd Banned Join Date: Aug 2009 Posts: 1,590 No Classified Ratings Domain Trader Rating: (100% / 43)	.................................................. ..... Last edited by FagEnd; 22-03-2010 at 02:40:25 AM.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

26-02-2010, 02:14:49 PM	#2 (permalink)
Muller2 Join Date: Mar 2006 Location: Oxford, UK Posts: 132 No Classified Ratings Domain Trader Rating: (100% / 12)	just say you have another interested party and if the sale isn't completed within 48hrs then you will move on...... Just check your contract over thou before you go ahead.

Similar Threads
Thread	Thread Starter	Domain Name Community	Replies	Last Post
http://www.rate.my ~ advice	Pentolite	Domain Appraisals	2	25-03-2008 08:00:54 AM
My idea, would this work and any advice on software/script	mally	Scripts and Coding	13	01-11-2007 02:17:32 AM
Advice	MediaCo	Domain Name Disputes	2	24-09-2007 01:42:08 AM
Broker Requested: 47 Names In Organized Category Portfolio!	bobditmar1	Services Wanted	0	27-06-2007 04:11:19 AM
Legal advice affiliate scheme - pay out rates	bb99	Affiliate Marketing	6	22-09-2005 05:45:44 PM