I would have to agree.....seems most don't know what they are missing. I have a domain that was the name of a restaurant i used to own, now someone has created a multi milliondollar shopping and waterfront condo project in Canada with same name. They balked at low xx,xxx for the name, and took the .ca. They have no idea of how much Canadian traffic they are losing from people searchingand typing in .com. Even converting one person to a condo sale would bring them mid xxx,xxx. I would rate them penny wise and pound foolish.
To the OP's question, if the name of the neighborhood is totally unique or a registered trademark you may have to get some legal advice especially if you registered it in bad faith. If it is totally generic (try googling the name with "quotes" around it and see if you get any other cites/ states etc with same name) then you are probably ok.
Regarding the sale, you might try letting a 3rd party negotiate, then you are not putting anything in writing etc as the owner of the domain, and might also give you an arms length from any possible exposure.
I agree with this. As a realtor, and having dealt with a few developers before, I'd be glad to negotiate on your behalf, especially since I can "catch them with their pants down" on the phone, for lack of a better word - as they will not have time to "formulate" a reaction as they would in an email.
Personally, I think you have nothing to worry about legally. Especially if this domain reflects a pattern of other registrations of yours.
For example, if you had registered Apple.ca out of nowhere back around the landrush days, people might be a little suspect as to why you own it. But if you registered apple.ca, pear.ca, banana.ca, orange.ca, strawberry.ca, and so on, that pattern indicates other intentions than that of what might be construed initially.
I agree with curecancer that they're not likely to buy it for a great deal of money. But depending on the name, this could be an exception.
But if you end up writing the response yourself, keep one purpose in mind;
answer the question.
This is where I see numerous sales pitches of sorts fail. They don't answer questions properly. I don't shirk questions, I don't generally answer questions with questions, and I don't try and dance around the real answer that they're looking for.
What they ultimately want is a number. Don't let greed get the better of you and make you hesitant to quote $1,500 in hopes you might get $5,000.
If I were you, I'd drive them crazy a little bit. Wait a few days to reply. Make them wonder "why hasn't he gotten back to me?"
You clearly hold the cards here. And it's your opportunity to be in the driver's seat. ESPECIALLY because they registered the singluar versions. They created the demand themselves, and showed their hand. You are definitely in the powerful position here. But as is the case with any advantage, you run the risk of blowing it if not played properly.
