This is one business idea I've never done before (buying an already existing website). There's one I'm looking at on SEDO that I want pretty badly. However I read their terms and I think it is complete BS...unlike on ebay, when you bid during the last 5 minutes of the auction, the auction extends by 10 minutes and keeps extending as long as there are additional bids. I was really disappointed to read that and was wondering if it is actually possible to win a site for a reasonable amount of money on SEDO?
I am not too happy with SEO either. First of all their system is full of problems. Regarding the time extend I dont think its a good idea. But hey what can you do, its there system and they make the rules.
ugh, nevermind - the idiot selling this site had a reserve of $50,000...he must be on drugs if he thinks he'll get even 1/16th of that much. It blows my mind how people have this warped sense of what they think things are worth.
hahahhahaa...ok, this is great. This is a 4-word domain. I really, really want it though. I offered $1,000 and he countered with $100,000 - LOL. What an idiot. I gave a final offer of $1250.