a situation involving 300K GBP...

[rainbowjet]

let's say a domain is offered to you for £300k, but actually the domain already has an offer from an end-user which is £60k more, but since owner won't get paid until at least end of the year or in 12 months, he's willing someone to get a big chunk of the money by selling early. If money is not a problem, would you take it? Why and why not?

facts from owner:

1. domain contains name of company Y.

question: what if buyer files a URDP case?
answer: it's a big company, they could have contemplated about it before they made the offer. which leads to no. 2...

2. owner was flown to a place to meet the buyer and during the brief meeting, was given the offer (owner has plane tickets as proof)...

3. domain is to be used on a huge project involving millions of dollars; a master plan is expected to be finished end of this year as required by the local authority.

 

[philiporchard]

If the owner has already agreed a price with someone else, then for no other reason, I'd say 'no'.

 

[bb99]

Sounds like a plot line form Hustle

 

[Takwa]

Nope sound doggy to me, unless is a super generic ie loan or money, even if it's not a con like you said the company can always go to court with ya and 95% of the time they win.

it's a no no we are not taking a couple of quids here.

 

[peacock]

Sounds like a right scam.

If the owner wants the money now they could get that from the company by offering a discount.

Anyway it doesn't make any sense that the company wouldn't just snap up the name or at least pay a deposit and provide a contract.

Also doesn't make sense that the seller would want to miss out on 60k for the sake of one year. Interest rates are low at the moment!

 

[rainbowjet]

interesting insights. keep them coming, guys.

 

[grantw]

Anyone whos risks £300k on such a dodgy proposition needs their head looking at! Plane tickets as proof lol, proof of what? that he's been on holiday, it's certainly not proof of a legally binding offer and even if it was the offer was made to the current owner.

There are so many reasons why this is such a bad idea, I can't actually believe someone is really considering getting involved.

Grant

 

[davedevelopment]

If I had 300k, no way would I be getting involved.

 

[websaway]

I thought you were going to say someone's been left 1,000,000,000,000 US Dollars in a Nigerian bank account but won't be able to gain access until whenever and needs to use your bank account to transfer etc. etc. etc.

must be a different one. Oh is he Australian ?

 

[Ellis]

Plane tickets as proof lol

Which airline still issues tickets?

 

[Darren]

£300,000, invest £150,000 in other generic domain names the other £150,000 in development.

£300,000 for £60,000 with such high possible risk, no thanks.

 

[grantw]

Which airline still issues tickets?

 

[newguy]

Plane tickets as proof lol, proof of what? that he's been on holiday..

Made me chuckle..

 

[rob]

Reason #12312 why I love acorn

 

[rainbowjet]

Hahhahha! You guys are funny...Someone's going to bang his head against the wall.

 

[Skinner]

I'm pretty sure based on the odds if you bought 300,000 lottery tickets you'd have 1:500 or something like that odds of winning the jackpot and pretty sure the odds of making more than 60k are significantly better than this idea.

 

[diablo]

2. owner was flown to a place to meet the buyer and during the brief meeting, was given the offer (owner has plane tickets as proof)...

How do the plan tickets provide anything more than the proof of a journey?

An offer is nothing without a firm contract in place - and in 12 months time even a contract can be worthless.

Love the Nigerian Airways pic by the way

 

[newguy]

We need a bond villian to complete this picture.

 

[HariSeldon]

let's say a domain is offered to you for £300k, but actually the domain already has an offer from an end-user which is £60k more, but since owner won't get paid until at least end of the year or in 12 months, he's willing someone to get a big chunk of the money by selling early. If money is not a problem, would you take it? Why and why not?

No, the risk/reward ratio doesn't come close to making this an attractive punt.

 

[namealot]

There are ways to lend/borrow monies and secure them against assets but in this case doubt the seller has them otherwise why not have done it themselves…? If it were a local authority involved, I'd be very surprised at them paying that sort of monies unless it was nigeria they always have monies to burn


But I do have something, that someone may want, that somebody may pay for it sometime, and I’ll let you have it at 80%

To those of you luckily enough to have been offered a share of a vast fortune by someone you have never heard of, meet or related too, who has sadly passed away, but luckily they have offered you a % of there wealth just to put the monies through your bank account, why not invest it before you get your share so your can have even more money when you windfall comes through....