From Initial Offer to Deal, Explaining the “public.garden” Domain Name Transaction Process

Recently, a deal for the name “public.garden” was completed for $2,200. The domain was initially purchased for around $100, but after a period of time on hold, it was eventually put up for sale.

The beginning stages of the transaction took place this summer when the seller was initially contacted through a GoDaddy broker and later received an offer from DomainAgents. At first, the seller did not take the information from the GoDaddy broker seriously, but after two months, the offer from DomainAgents caught attention.

The initial offer was for $1,000, and after communication from the DA app, the initial $250 offer was bumped up to $1,000 before the seller could view it. The seller countered with a $5,000 offer.

To this, the buyer responded with $1500, but the seller wasn't sure if he wanted to sell, so he countered again with $5000. The buyer then left a message at $1,750 stating that they would be happy to work out an installment plan if a deal could be made.

Lacking the energy to negotiate, the seller did not respond immediately and the buyer then increased their offer to $1,850. Eventually, the seller made an offer of $3,000 and left contact information for further discussion.

The buyer contacted the seller through the contact information provided, expressed interest in the domain name, and proposed two possible purchase options:

1. One-time purchase:

The buyer is willing to make an upfront payment of $1800 and complete the transfer of ownership immediately.

2. Installment plan:

The parties can agree on a structured payment plan over a set period of time (e.g. 12 months) to facilitate the transaction.

The buyer believes that the domain name may be a significant asset and wants to reach a mutually beneficial agreement, indicating a willingness to discuss the above options or other possible solutions. Which approach do you think is most appropriate?