Please Help! Don't know this stuff. Appraisals on my group of domains.

Discussion in 'Domain Names' started by KarlJohnson, Jan 31, 2008.

  1. #1
    Hi,

    I have someone that has aproached myself to purchase my domain name. This domain was for a project that never developed.

    I created the following domains for that project:
    Midwestrelief.com
    Midwestrelief.net
    Midwestrelief.org

    My computer guy told me I should lock up all three so no one would come in and mimic our website. Thats why we created and purchased the three.

    I was told these are great and could be worth a lot of money.

    Could someone please give me a fair value, I went to SwiftAppraisal.com and they say they were worth between 26-38 thousand. I go to others they say they are worth 3-5 thousand, go to others and they say 150-200 dollars.

    Can Someone help me out please.


    Thanks Karl J:
     
    KarlJohnson, Jan 31, 2008 IP
  2. htmlindex

    htmlindex Prominent Member

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    #2
    Correct section is appraisals: http://forums.digitalpoint.com/forumdisplay.php?f=61

    Honestly, don't Swiftappraisal & all the other online appraisal services are a total joke. Unless I'm missing something, there's no way this name would be worth anywhere near that price.

    Can you explain what is Midwestrelief, as I'm a bit lost.
     
    htmlindex, Jan 31, 2008 IP
  3. accentnepal

    accentnepal Peon

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    #3
    Sounds something like FarmAid.

    The names may have some value to the right person, but keep your day job. It would be best to move them together.

    Estibot.com:
    MidwestRelief.com (note capitalization) = $60.

    If you have a buyer try to find what they are willing to pay, and sell if you are comfortable.
     
    accentnepal, Feb 1, 2008 IP
  4. KarlJohnson

    KarlJohnson Peon

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    #4
    Midwestrelief was a project we were working on. We were going to start a non-profit to help people out in the Midwest.

    I had someone approach me to sell and was offering me $12,000 for all three of my domains.

    I'm not a pro on this but It sounded fishy so I have been researching and believe it is just a scammer.

    Like I said, I have no knowledge of this stuff, thought this was great that someone was interested.

    It sounded so good since it would of got some of our investment back from this project.

    If anyone wants to pursue this jerk, I'm sure he will be e-mailing me back since I have not told him I'm on to his scam.

    I'm not computer savoy so if one of you are, please by all means get this jerk!

    Here is a link to someone else who had this done to them:

    http://www.domainappraisalscam.com

    Here is my correspondence with this person:



    It's a big risk to proceed without professional valuation. I already spoke
    to industry experts and they prohibited me to do business without
    valuation..

    Sorry, but it's difficult to understand your position.

    As a seller, you can use a valuation certificate to sell names to other
    buyers. I cannot do the same because I don't keep control over your domain.

    I'm still interested in your domain. Hope you'll change your position. I
    simply don't want to take additional risks.

    Thank you for understanding. I'm looking forward to do business with you.

    ----- Original Message -----
    From: "Karl Johnson" <kj@csm-sales.com>
    To: "Cheng" <lcheng@gawab.com>
    Sent: Friday, February 01, 2008 2:03 AM
    Subject: Re: midwestrelief.org (sent 01/30/08)


    > Where do we go from here? Are you going to have my domains manually
    > appraised or do you expect me to do it.
    >
    > If they come back at $60,000 for the three are you going to pay me $50,000
    > or pay me the $12,000 your agreeing to.
    >
    > I'm happy at $12,000 so if you want to proceed then we will. I will
    probably
    > need some assistance doing the transferring since I've never sold any of
    my
    > domain names before. I will cover the costs of doing the transferring out
    of
    > the money I receive from your company.
    >
    > If you want to get my domains manually appraised, I give you full
    permission
    > to do it. If they don't appraise for the amount agreed on, I will consider
    > selling them for the appraisal.
    >
    > Thanks for your time. If you want to give me a call I can be reached at
    > 1-218-xxx-xxxx
    >
    >
    > Karl Johnson
    >
    >
    > ----- Original Message -----
    > From: "Cheng" <lcheng@gawab.com>
    > To: "Karl Johnson" <kj@csm-sales.com>
    > Sent: Thursday, January 31, 2008 2:20 PM
    > Subject: Re: midwestrelief.org (sent 01/30/08)
    >
    >
    > > 12,000 for all three. Ok.
    > >
    > > This is "must" to provide potential buyers/resellers with professional
    and
    > > independent valuation. Serious investors must be sure in your price.
    > > Without it they risk to overpay.
    > >
    > > Investors never take into account auto-generated vlauations.
    > >
    > > By opinion of many experts, it's impossible to make business without a
    > > certificate of price.
    > >
    > > I read the following information about appraisals at:
    > > http://domaintalk.ourplace.com/Archive/740681.htm
    > >
    > > Thank you for understanding. I'm looking forward to do business with
    you.
    > >
    > > ----- Original Message -----
    > > From: "Karl Johnson" <kj@csm-sales.com>
    > > To: "Cheng" <lcheng@gawab.com>
    > > Sent: Thursday, January 31, 2008 7:53 PM
    > > Subject: Re: midwestrelief.org (sent 01/30/08)
    > >
    > >
    > >> Hello,
    > >>
    > >> I would accept $12,000 for all three.
    > >>
    > >> I'm not in the domain business, Value I would think is in the holder of
    > > the
    > >> domain or the possible owner of that domain name.
    > >>
    > >> If you want to get them valued, I have no problem with it. I will sell
    > > them
    > >> to you for $12,000 for the three. and I will stick with that price. If
    > > that
    > >> is not acceptable to you then I guess we have no deal.
    > >>
    > >> If you are interested, we can do a transfer to my paypal account or
    you
    > > can
    > >> transfer money into my checking account, whichever works best for you.
    > > Then
    > >> I can get these transferred over to you. If your not comfortable with
    > >> that
    > >> we can use a middle man to do the transaction.
    > >>
    > >> Thanks for your time.
    > >>
    > >> Karl Johnson
    > >> ----- Original Message -----
    > >> From: "Cheng" <lcheng@gawab.com>
    > >> To: "Karl Johnson" <kj@csm-sales.com>
    > >> Sent: Thursday, January 31, 2008 3:03 AM
    > >> Subject: Re: midwestrelief.org (sent 01/30/08)
    > >>
    > >>
    > >> >
    > >> > Hello,
    > >> >
    > >> >
    > >> > Can you accept 12,000 USD for both?
    > >> >
    > >> > Do you sell domain with a web site or just name?
    > >> >
    > >> > If just name it's ok. Web site is not necessary.
    > >> >
    > >> > Have you had your domain names evaluated in the past? I mean domain
    > >> > appraisals.
    > >> >
    > >> > Without valuation we cannot be sure in the sale price. It's very
    > > important
    > >> > for me in terms of reselling too.
    > >> >
    > >> > But we must engage a valuation company with REAL manual service. So I
    > > will
    > >> > only accept valuations from independent sources I trust.
    > >> >
    > >> > To avoid mistakes I asked domain experts about reputable appraisal
    > >> > companies
    > >> > in a forum
    > >> > http://domaintalk.ourplace.com/Archive/750826.htm
    > >> >
    > >> > Just check this posting.
    > >> >
    > >> > If, for example, the valuation comes higher you can adjust your
    asking
    > >> > price
    > >> > accordingly. It will be fair. I also hope you can give me 12% - 15%
    > >> > discount.
    > >> >
    > >> > After you send me valuation via email (usually it takes 1-2 days to
    > > obtain
    > >> > it) we'll continue our negotiations.
    > >> >
    > >> > What is your preferred payment method: Escrow.com, International
    wire
    > >> > transfer, PayPal.com or something else?
    > >> >
    > >> > Hope we can come to an agreement fast.
    > >> >
    > >> > Looking forward to your reply.
    > >> > ----- Original Message -----
    > >> > From: "Karl Johnson" <kj@csm-sales.com>
    > >> > To: "Luke Cheng" <lcheng@gawab.com>
    > >> > Sent: Thursday, January 31, 2008 8:35 AM
    > >> > Subject: Re: midwestrelief.org (sent 01/30/08)
    > >> >
    > >> >
    > >> >> Luke,
    > >> >>
    > >> >> Forgot to tell you, On this domain name Midwestrelief.org, I
    also
    > > own
    > >> >> midwestrelief.com & midwestrelief.net.
    > >> >>
    > >> >> If you make an offer you can include all three in your proposal and
    I
    > >> >> will
    > >> >> sell as package.
    > >> >>
    > >> >> Take Care,
    > >> >>
    > >> >> Karl Johnson
    > >> >> ----- Original Message -----
    > >> >> From: "Luke Cheng" <lcheng@gawab.com>
    > >> >> To: <kj@csm-sales.com>
    > >> >> Sent: Wednesday, January 30, 2008 3:18 PM
    > >> >> Subject: midwestrelief.org (sent 01/30/08)
    > >> >>
    > >> >>
    > >> >> >
    > >> >> > Hello,
    > >> >> >
    > >> >> > We are interested in midwestrelief.org
    > >> >> >
    > >> >> > Your Internet name was for sale. Could you let me know your price
    > >> >> > for
    > >> > this
    > >> >> > domain. Our company is working on global network intrusin
    detection
    > >> >> > systems.
    > >> >> >
    > >> >> > So Internet names is just a part of our investment strategy.
    > >> >> >
    > >> >> > Looking forward to do business with you.
    > >> >> >
    > >> >> > Regards,
    > >> >> > Luke Cheng
    > >> >> > Vice President
    > >> >> > GA Web Technologies
    > >> >> >
    > >> >
    > >
    ============================================================================
    > >> >> > NOTICE - This communication may contain confidential and
    privileged
    > >> >> > information that is for the sole use of the intended recipient.
    Any
    > >> >> > viewing, copying or distribution of, or reliance on this message
    by
    > >> >> > unintended recipients is strictly prohibited. If you have
    received
    > >> >> > this
    > >> >> > message in error, please notify us immediately by replying to the
    > >> > message
    > >> >> > and deleting it from your computer.
    > >> >> >
    > >> >> >
    > >> >
    > >
    ===========================================================================
    > >> >>
    > >> >
    > >>
    > >
     
    KarlJohnson, Feb 1, 2008 IP
  5. longroad

    longroad Well-Known Member

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    #5
    I got this exact same email today about a domain I own.
    From Luke Cheng at "GA Web Technologies"
    Funnily enough there is nothing about this so called company on the internet.
    Definitely a scam.
    Which reminds to transfer all my domains to Namecheap with free whois guard.
     
    longroad, Feb 2, 2008 IP
  6. killer2021

    killer2021 Peon

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    #6
    hard to value domain names.
     
    killer2021, Nov 9, 2008 IP
  7. PAUL2

    PAUL2 Peon

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    #7
    Right...I have come across this before.

    Anyone who offers a large sum of money without getting a professional valuation is very naive at best.

    It sounds as though this person will want you to get an appraisal at a particular company, which, no doubt they will have some affiliation with.

    Tell them that if they are that interested (an offer of $12K would suggest they are), they should get their own valuation as will you, but you decide who you use.

    I reckon its 99% a scam in my opinion.
     
    PAUL2, Nov 9, 2008 IP