GoDaddy user reviews : Suggest I purchase GoDaddy?? Sedo sale final?

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Im going to get completly flamed for this , but I have a question:.

Is there any way in which I can back out of a sedo sale that is pending? I stupidly accepted a really low offer and now dont want to sell.

Any help would be greatly appreciated.


Comments (6)

...and why would you expect to get completely flamed for that?..

Comment #1

If you don't set a high enough reserve price to make you happy, then there's always the chance of selling below what you wanted for the name. I have sold a lot of names at a loss, as have most members here and at sedo. You just gotta suck it up and move on. You don't want to get into the mess - especially getting a 'bad name' as a seller - of trying to back out of a sedo sale once it's gone through..

Call it a regret, honor the transaction, learn from it, and resolve to make the next transaction a better one.

Also, it balances out and comes around: I've also bought some names for well below their reseller value. Works both ways...

Comment #2

Because I'm trying to back out of an agreement and if I was the buyer, id be a tad annoyed.

@Bannen yea suppose your right, thanks for the advice..

Comment #3

I always honor my commitments to buy or sell domains at Sedo and elsewhere once an agreement had been reached. trouble is, not everyone else has the same principles. A recent bidder on one of my Sedo names vanished without paying. Leaves a very bad taste...

It's even worse as the seller, because the buyer likely knows who you are. Not worth risking your rep for that. Swallow the loss and move on.


Comment #4

Well ... no and yes..

(edit: had those reversed ).

No, in the aspect that Sedo will legally do nothing; at most they just suspend your account.

Though it's debatable whether they'd even do that, if you use an excuse with Sedo like "I forgot I had that listed for sale", "I mistyped the price", "I didn't intend to list it", "someone hacked my account", etc...

So again, you could likely get away with not completing the sale at Sedo ...

However, in regards to ethics, especially if the buyer is a well known forum member, not following through on the deal could cost you much more in the longrun; wordsworth makes a good point about the buyer probably knowing exactly who you are.

On a related note, some here will likely say that the buyer could attempt to force the sale via the courts - in reality, that's unlikely to happen. Sedo will legally do nothing, and the buyer, unless they are extremely determined and have lots of money / legal counsel at their disposal, likely will just chalk it up as a deal gone bad, and ding your reputation in the domaining community accordingly.


Comment #5

I would rather give a name away then hurt my domaining reputation..

Comment #6

This question was taken from a support group/message board and re-posted here so others can learn from it.


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