What are negotiations to buy a domain?
In negotiations, the buyer and the seller exchange price offers until an offer is accepted by the other party or until buyer and seller conclude that their price expectations are too different.
Negotiations always start when the first purchase offer is made by the buyer. To start negotiations, the buyer finds the domain he or she is interested in on the list and places an offer.
After receiving an offer, the seller can accept it, reject it or make their counteroffer. In the latter case, the buyer may also accept the seller's counteroffer, reject it or make another offer.
During the negotiations, each party may modify or cancel their offer. Every offer also has its own validity period (7 days by default), after that period it expires.
Negotiations end when one of the parties accepts the other party's offer. A secure Escrow domain purchase transaction is then set up between the buyer and the seller. The buyer has 7 days to make the payment for the domain.
If one party comes to the conclusion that the other party's price proposal does not meet their expectations, they may close the negotiations. It is not possible to make further offers in closed negotiations.
Didn't found answers to your questions on our website?
Contact us to get help from our experts: