SEDO Sale Issues

Nick11380 · Jul 16, 2013

Hi all,

I am creating this thread to see what the AD community considers to be a reasonable or unreasonable outcome to this situation.

I have recently agreed to sell a .org.uk on SEDO; it was a speculative purchase at the FTR price that I made a couple of years back. It had been listed on SEDO since I purchased it and an offer was made recently that I accepted.

However, unbeknownst to me, the .co.uk version of the same domain had dropped and been renewed since my purchase - making this domain eligible under the proposed direct.uk scheme.

I have had the .uk version of this .org.uk valued (albeit roughly) at a low-mid £X,XXX figure.

I am entirely willing to sell this domain name and have no intention of fleeing the agreement. However SEDO does not have any time constraints in its contract and, unsurprisingly you might say, I feel that it is reasonable to complete the transaction following the outcome of direct.uk.

I will honour this sale, but it is the timeframes that I am considering and would love to hear what the community makes of the scenario.

atlas · Jul 16, 2013

Taking more than a week to transfer a domain after payment has been made is very unreasonable.

Nick11380 · Jul 16, 2013

atlas said:
Taking more than a week to transfer a domain after payment has been made is very unreasonable.

Appreciate the thoughts, Atlas.

grantw · Jul 16, 2013

Nick11380 said:
I am entirely willing to sell this domain name and have no intention of fleeing the agreement. However SEDO does not have any time constraints in its contract and, unsurprisingly you might say, I feel that it is reasonable to complete the transaction following the outcome of direct.uk.

Eh!! You've accepted an offer on the domain so therefore you need to complete the transaction in a timely manner. If you've no intention of fleeing the agreement what difference does it make what the outcome of direct.uk is?

The consultation doesn't end until 23 September, you've then got probably 2 months before Nominet announce what's going on with it!

Unless I'm misreading your post, making a buyer wait 4 months+ for no reason at all is clearly unreasonable!!

Grant

Murray · Jul 16, 2013

I might be wrong but I think this is what you're saying..

You want to wait until you can register the .uk yourself before you transfer the org.uk?

No, I don't think that is acceptable, if you have already agreed to sell you have agreed to sell.

If they have already paid you I would send the domain at first opportunity.

Nick11380 · Jul 16, 2013

grantw said:
Eh!! You've accepted an offer on the domain so therefore you need to complete the transaction in a timely manner. If you've no intention of fleeing the agreement what difference does it make what the outcome of direct.uk is?

The consultation doesn't end until 23 September, you've then got probably 2 months before Nominet announce what's going on with it!

Unless I'm misreading your post, making a buyer wait 4 months+ for no reason at all is clearly unreasonable!!

Grant

Given the response I am fairly certain I can conclude this one.

Thanks for your feedback, both.

grantw · Jul 16, 2013

Murray said:
I might be wrong but I think this is what you're saying..

You want to wait until you can register the .uk yourself before you transfer the org.uk?

Ah, that would make a bit more sense to me

Definitely still unreasonable though.

Grant

Retired_Member38 · Jul 16, 2013

Why do you think someone bought the .org.uk in the first place? It would more than likely have been a gamble in .uk going ahead under the current proposal. He isn't buying your low value .org.uk... he's buying a lottery ticket for the .uk.

Edwin · Jul 16, 2013

Agreed, get on with it and move on to the next deal. Anything else is just messing the buyer around.

Alien · Jul 16, 2013

Nick11380 said:
Hi all,

I am creating this thread to see what the AD community considers to be a reasonable or unreasonable outcome to this situation.

I have recently agreed to sell a .org.uk on SEDO; it was a speculative purchase at the FTR price that I made a couple of years back. It had been listed on SEDO since I purchased it and an offer was made recently that I accepted.

However, unbeknownst to me, the .co.uk version of the same domain had dropped and been renewed since my purchase - making this domain eligible under the proposed direct.uk scheme.

I have had the .uk version of this .org.uk valued (albeit roughly) at a low-mid £X,XXX figure.

I am entirely willing to sell this domain name and have no intention of fleeing the agreement. However SEDO does not have any time constraints in its contract and, unsurprisingly you might say, I feel that it is reasonable to complete the transaction following the outcome of direct.uk.

I will honour this sale, but it is the timeframes that I am considering and would love to hear what the community makes of the scenario.

How would you feel if the situation was reversed and you were the buyer?

Would you wait?

No you wouldn't, you'd be on here moaning about it...

Good grief Charlie Brown.

RobM · Jul 16, 2013

How did you get the .uk valued with no data and without seeing how the .uk market lies?

Retired_Member38 · Jul 16, 2013

Pretty easily done I'd imagine - ask a bunch of potential end users what they'd be willing to pay for it on launch day?

Nick11380 · Jul 19, 2013

Worth me coming back here to point out I've transferred the domain to the buyer. I made a mistake agreeing to sell this name and have had to honour it within a fair time period.

Learn the hard way I guess!