Domain Manage

Newbies - learn this first! - dont get taken by this old appraisal scam!!

Discussion in 'New Domainers' started by vinsdomains-com, Mar 5, 2012.

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  1. vinsdomains-com

    vinsdomains-com Member

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    NEWBIES PLEASE READ AND BEWARE - As a newbie, this is how I was preyed on just last week. Experienced domainers have probably already seen this somewhere here before, but if not, its worth the read. Here's a chain of recent e-mails, going back, with the first here at the top.

    begin

    RE: SOULSACRAFICE.COM

    Hello,

    We noticed that you currently sell this domain (correct?).

    We are interested in purchasing it. What is your desired price?

    If you have other names for sale please email me your domains with prices, especially if you have financial, adult, Hosting and TV related names.

    We are looking forward to doing business with you.

    Regards,

    Mark Reitman

    CEO
    Website Domain Hosting Inc

    end

    I responded with the following:

    Hello there. Thank you for your inquiry regarding the above referenced
    website. Unfortunately, this is one of several sites that I own that I'm
    looking to develop.
    I suppose I'd consider an offer if you are really interested.

    I also have some adult and financial websites that I would entertain offers
    for such as...
    end

    The next day, I got this response:

    Vincent,

    What do you think about 14,000 USD for your domain name?

    Have you had your domain names evaluated in the past? I mean domain
    appraisals. Without valuation we cannot be sure in the sale price. It's very
    important for me in terms of reselling too. But we must engage a valuation
    company with REAL manual service. So I will only accept valuations from
    independent sources I and my partners trust.

    To avoid mistakes I asked domain experts about reputable appraisal
    companies. Please check this blog with suggestions from other sellers and
    buyers:
    http://www. forum-windows-club .com/ Archive/593842731.htm

    Do you sell domain with a web site or just the name?

    Domain without content is ok with me. Web site is not necessary.

    If, for example, the valuation comes higher you can adjust your asking price
    accordingly. It will be fair. I also hope you can give me 12% - 15%
    discount.

    After you send me the valuation via email (usually it takes 1-2 days to
    obtain it) we'll continue our negotiations.

    What is your preferred payment method: Escrow.com, International wire
    transfer, PayPal.com or something else?

    Hope we can come to an agreement fast.

    Looking forward to your reply.

    end

    That's there scam - they entice you as a greedy domainer with a high $$$ offer, in hope that you'll order the appraisal, for which he gets a commission or perhaps the whole thing. The scam blog he references points you in the direction of two appraisal companys, both likely scams themeselves.

    I responded back the following:
    Hello again, I have not had the domain evaluated in the past via appraisal, although based on my experience, I no longer utilize or depend on appraisals, as I have sold domain names in the past for 50X what an appraisal had said, and I have also sold domain names that were sold for a very small fraction of what they were appraised at. A friend also recently order appraisals from two independent agencies and the difference was greater than $10,000.
    At the end of the day, the domain is worth what somebody pays for it.
    The domain does not currently have a website and exists as just the name at this time, parked at sedo. As such, there is very little traffic to the site at this point, as it requires development and SEO.
    With all that being said, I would accept $15,000 USD for the referenced domain name and would begin the transfer process as soon as funds have been cleared via my preferred payment method, Paypal.com. I’d also be agreeable to a potential discount/commission for you, if you secure the $15,000 price and assure that the deal is done in a timely and professional manner. Obviously you’d be paid when the transaction is finalized. Let me know if you accept and I will forward you my paypal information.

    He responded with this:

    As a seller you should provide me with an appraisal first. This is a reasonable practice.

    I've found not all the appraisals are accurate. So I accept real manual appraisals from trusted sources only.

    I don't trust $14-$20 services. Nobody will do a research for $14. We need a real manual service.
    As to the most known brands: the more orders the company gets, the less time they can afford to spend on each appraisal.

    I wanted to use Afternic.com but looks like this company has a bad reputation. Afternic's appraisal service has a lot of bad reviews.

    I was told about manual research service from http://www. DomainMart .com. It costs - $200/hour.

    Many experienced sellers suggested us http:// www. AuthorizedAppraisal .com/ as a trustworthy manual service. They charge about 50 euros name not per hour. We've read only positive comments about them. And I have my own positive experience with this company
    end

    I responded with this:

    How can I be sure this is not an appraisal scam? In fact, quick research on "authorized appraisal" indicates that they are associated with these scams.

    ...never heard back from him again

    Sorry for the length here, but good lesson to be learned!
    vinsdomains-com
     
    Last edited by a moderator: Mar 6, 2012
  2. Domain Forum

    Acorn Domains Elite Member

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  3. Systreg

    Systreg Well-Known Member

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  4. vinsdomains-com

    vinsdomains-com Member

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  5. lesmond

    lesmond Member

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    Yup it got me going, I thought it was a scam, but I came here and asked first, and got the help from the great member here.
     
  6. invincible

    invincible Well-Known Member

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    Unfortunately this has been going on for probably at least 8 years. Must be good money in it! :twisted:
     
  7. Blossom

    Blossom Well-Known Member

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    Can you strip the HTML from the links please...don't want to be helping their SEO!
     
  8. admin Spain

    admin Administrator Staff Member

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    Good idea, done.

    Admin
     
  9. Sussexite

    Sussexite Active Member

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    Or better still link to them with anchor text "appraisal scam"
     
  10. vinsdomains-com

    vinsdomains-com Member

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    Really sorry about that. Should have realized that when I made the post. I sure like this idea!
     
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