Experience on Sedo - Warning - What would U/You do?

[Onward]

I received a bid on a name that I have which starts with a "You". The guy communicated with me and said he would pay my asking price if i threw in the same name which start with a "U" as well (I own both the You & U versions) for $500 (think YouTube/UTube - but not nearly as good)....so the deal was going to be just about 4k...I accepted both deals (about $3500/$500). Now the guy emails me saying he put in the wrong amount on the higher priced one and wants both names @$500/each. I am not going to do this, however, I am in a binding contract on the other name @$500. I am just about sure he is going to back out on the higher sale. I told him this is a legally binding contract and I will take action if he breaks the contract.

Now, in hindsight - I would not have cut a deal - or I would have split the two in price, but I seem to be stuck selling the other name @$500 - unless I break the contract. I really do not want to split up these two names either.

What would you do here? I have an idea, but would like to hear some opinions. Thanks.

 

[grcorp]

Was this communication through sedo's message system or through emails?

The reason why I'm asking this is because if it's through Sedo's message system it's much easier to prove as being part of the contract.

However, the way I see your situation is as follows...

You have youexample and uexample. He has the promised $4,000. He claims to have entered the wrong amount to purchase youexample and thinks that somehow this makes a price of $500 for youexample and the originally agreed upon $500 for uexample the final price for a total of $1,000. While there is disagreement on the purchase of youexample, he is still insisting on uexample being sold to him for $500.

This contract is enforceable through Sedo, because as far as they're concerned, you are in the wrong for not transferring uexample to him.

However, if you can prove that the only reason you would sell uexample to him is because of the original agreement to purchase youexample for $3,500, that would prove to them that you are not doing anything wrong and only obeying the original contract.

So, as long as this can be clearly shown to Sedo, it's all or nothing; you get your $4,000, he gets youexample and uexample. Or, no transaction takes place, and legal action ensues.

 

[Theo]

What was the initial bid via Sedo for the "you" domain? If he bid $3500 then he knew for a fact what he was doing at the point that he offered $500 for the "U" one. Contact Sedo on the phone, to me the buyer sounds like he's trying to pull a fast one and get both names for $1k.

 

[Onward]

The communication was initially through Sedo, but somehow the messages are no longer on the transaction when I checked tonight - I cannot really remember the exact wording - the fact that there is no message seems really strange to me. The deal was confirmed on Friday and I heard from him this evening - that is really the first time I even looked at the two deals again. He is trying to pull a fast one and trying to re negotiate a lower price. I accepted the $3500 one early on Friday and accepted the the $500 one Friday night...heard nothing from him until tonight.

Basically, he will have to break the deal - if he pays for the less amount, I am most likely not going to release the domain until I get confirmation from sedo that both are paid for....and the in turn, I am going to break a deal if the other does not happen. I wonder if Sedo will actually mess with me on that.

I am betting he does one of two things...1. pays the $500 and tries to renegotiate the second - which will be really tough for him. Or 2. try to renegotiate both outside of Sedo...

My last message to this loser was this:

You entered into legally binding contracts and are now trying to back out or at least renegotiate. Complete the sales you committed to. I am not going to discuss this further.

 

[grcorp]

The communication was initially through Sedo, but somehow the messages are no longer on the transaction when I checked tonight

Don't worry about it. I would bet a buck that Sedo has those messages somewhere.

My sights are on you winning this one.

 

[Onward]

Yes..the initial bid was for the You domain.

---------- Post added at 10:00 PM ---------- Previous post was at 09:57 PM ----------

Don't worry about it. I would bet a buck that Sedo has those messages somewhere.

My sights are on you winning this one.

I think so. I am just thinking that I should have handled the double deal differently...not sure how though.

 

[Theo]

I've had this done before i.e. adding a bonus domain for a higher total price, it was made as an agreement through the Sedo commentary exchange.

 

[Onward]

What was the initial bid via Sedo for the "you" domain?

Sorry, mis read this...he initially came at me just under $500 - I came back just under $3500 - he came back with $3500 and a note for the 2nd one.

 

[Theo]

Well there is no doubt that he did accept the ~$3500 counter-offer then.

 

[Onward]

I was the one who accepted the $3500 offer (his response + a note - to my $3490 offer) - I could have messed with him on the 2nd one which came later...but do not do business like that.

I am thinking in the future - I will just tell them to negotiate separately...or preferably...deal outside of Sedo and have everything on Escrow. I am really getting tired of Sedo - so if they ban me - I am fine with that.

---------- Post added at 10:21 PM ---------- Previous post was at 10:20 PM ----------

I am in the process of taking all my names off afternic...I guess sedo will be next.

 

[Gerry]

Contact (call) Sedo and be sure to present the emails confirming the deal.

It should be simple...but then again, nothing Sedo seems to do is simple.

 

[Onward]

Contact (call) Sedo and be sure to present the emails confirming the deal.

It should be simple...but then again, nothing Sedo seems to do is simple.

I will see what this joker does...He has not responded back after my last email message telling him to complete the deal and that I was not discussing further. Not sure how badly he wants these domain names, but this seems like a silly way to try to get them cheaper...if he does not complete the sedo transaction in a week....the price gets to be 5 figures for him.

 

[grcorp]

I think so. I am just thinking that I should have handled the double deal differently...not sure how though.

You did nothing wrong. If the buyer is a goofball, there's nothing you can do about it.

---------- Post added at 12:17 AM ---------- Previous post was at 12:16 AM ----------

I will see what this joker does...He has not responded back after my last email message telling him to complete the deal and that I was not discussing further. Not sure how badly he wants these domain names, but this seems like a silly way to try to get them cheaper...if he does not complete the sedo transaction in a week....the price gets to be 5 figures for him.

If he has any intention of using Sedo's services ever again, I think he knows what's good for him.

 

[Onward]

If he has any intention of using Sedo's services ever again, I think he knows what's good for him.

My hope is that he follows through of course...But He should be banned from there for pulling this type of BS. I will post what happens here.

 

[Biggie]

I was the one who accepted the $3500 offer (his response + a note - to my $3490 offer) - I could have messed with him on the 2nd one which came later...but do not do business like that.

I am thinking in the future - I will just tell them to negotiate separately...or preferably...deal outside of Sedo and have everything on Escrow. I am really getting tired of Sedo - so if they ban me - I am fine with that.

---------- Post added at 10:21 PM ---------- Previous post was at 10:20 PM ----------

I am in the process of taking all my names off afternic...I guess sedo will be next.

why fault the service, of these services, when it appears to be more of a "communication/negotiation issue"?


letting it get to a point where sedo bans you or you kiss-off everyone except escrow...could put you in isolation down the road.


use words, be resilient and protect you rep


Good Luck!


imo...

 

[Onward]

Regardless how this turns out - and I don't think it will be me getting banned - I am actually ok with taking my names off anyway...I get most of my offers directly and the occasional offer I get through Sedo is usually cumbersome - communication wise. What is needed is a service that will help increase or encourage that direct communication.

 

[Onward]

why fault the service, of these services, when it appears to be more of a "communication/negotiation issue"?


letting it get to a point where sedo bans you or you kiss-off everyone except escrow...could put you in isolation down the road.


use words, be resilient and protect you rep


Good Luck!


imo...

I spoke with my rep from Sedo...he was actually very cool. He told me that both deals are binding contracts but I got the impression he would not ban me if the guy trys to pull a fst one here.

Really, this is a communication problem - and that is a huge problem I see with sedo - along with the huge fee they charge....I am thinking O will move most of my names out and put them on the ShowcaseManager.com site. I really do not think I get many window shoppers at sedo so basically I will just be saving the commission.

 

[Biggie]

I spoke with my rep from Sedo...he was actually very cool. He told me that both deals are binding contracts but I got the impression he would not ban me if the guy trys to pull a fst one here.

Really, this is a communication problem - and that is a huge problem I see with sedo - along with the huge fee they charge....I am thinking O will move most of my names out and put them on the ShowcaseManager.com site. I really do not think I get many window shoppers at sedo so basically I will just be saving the commission.

i'm not trying to discourage you from exercising your perogatives, i'm just trying to understand.

so, i still don't see how this "communication issue" is a fault in sedo's process?

the fee, is just a matter of price adjustment to compensate and pulling names out will only reduce exposure.


you can still list your domains with SM and continue to have them listed on sedo as well



i've signed up with SM too, but i'm not going to give up on the "proven" track record of sales and continuous offers, that i've received from Sedo.

 

[Onward]

so, i still don't see how this "communication issue" is a fault in sedo's process?

Sure...I am talking more in General...their communication system is broken IMO - they have no intention on fixing it - and they want it that way - having to be sensored and waiting sometime 4 days (on holiday weekends) for a simple message in the negotiation process to appear is un-acceptable - and can kill a sale way too easily.

the fee, is just a matter of price adjustment to compensate and pulling names out will only reduce exposure.

I prefer to price how I want - fairly, and not tack on $15-20%...and keep all the money myself.

I really believe (at least for my domains) I do not get many window shoppers from sedo - what I get from sedo are people who want to hide behind sedo's anonymity and broken communication system. Now Godaddy is a different story..I believe I get window shoppers from them through their Premium service..

you can still list your domains with SM and continue to have them listed on sedo as well - i've signed up with SM too, but i'm not going to give up on the "proven" track record of sales and continuous offers, that i've received from Sedo.

Fair enough - you may get more offers and the window shoppers on sedo - I do not....

 

[Dynamic1]

Contact (call) Sedo and be sure to present the emails confirming the deal.

It should be simple...but then again, nothing Sedo seems to do is simple.

Yep nothing is simple except them taking that 10%.

Onward to me looks like he is backing out. I have not had good luck with sedo and deadbeat bidders.