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Sell an AU domain - an agreement template

Discussion in 'Newbies' started by asantha, Sep 16, 2011.

  1. asantha

    asantha Membership: Community

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    I am going to sell my first AU domain... The buyer asking me some sort of guarantee, saying that i will transfer the domain after the payment withing x number of days...

    Does any one have a template letter?

    or how do i do that? I heard drop.com.au do such a service, but do they get a commission?

    thanks
     
  2. FirstPageResults

    FirstPageResults Membership: VIP

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    auDA Member:
    Yes
    Don't know of anything thats freely available, although I have seen one professionallu done for a large sale.

    You could use an escrow service, but what sort of money are we talking? If it's $xxx or low $x,xxx hardly seems worth it.

    Drop have an automated Change of Registrant (COR) process that costs $49.95. It doesn't offer any assurance regarding payment for the actual sale.

    DDNS do COR for $120~ and they will 'act as' an escrow agent (or atleast they used to) and hold the money until transfers are completed... however their systems are manual, requires paperwork and takes a while..
     
  3. asantha

    asantha Membership: Community

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    its low X,XXX ....

    I m thinking better to find a template of an agreement.,,,
     
  4. ScottNugent

    ScottNugent Membership: VIP

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    I'm sure you could write something up and just send it over to a lawyer/solicitor to run over.
     
  5. Shane

    Shane Membership: VIP

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    auDA Member:
    Yes
    I just issue an invoice that clearly outlines what the seller is getting. You can put on the invoice that the domain will be transferred in x number of days.

    Most people seem okay with that and I used it for a $9k sale without any problems.
     
  6. DomainNames

    DomainNames Membership: Community

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    easiest thing to do might be this

    1. issue them a Tax invoice

    date
    Your name
    your abn
    address
    phone

    their name
    their abn if they have one

    for:

    Sale and transfer of domain name xxx.com.au

    Payment via direct deposit to:

    YOUR BANK DETAILS


    Sale is void if payment is not received within 3 calender days from invoice

    __________________________________

    2. Once they pay give them the domain password / key. You can get this by going to http://www.ausregistry.com.au/password.php

    They can then use their own registrar to do the transfer once they have the key.

    Also you can use drop.com.au or www.ventraip.com.au to help you with the transfer if you have any problems.

    ---------------

    Dont waste your money and time using escrow.com They take a long time, are in USD only, charge a lot for their service and as long as you followed the above steps all should be safe.
     
  7. James

    James Membership: VIP

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    What I have done in the past is just write up a template and put the conditions of the sale and information regarding the sale as requested usually by the buyer of the sale, then set the terms up in ESCROW.
     
  8. neddy

    neddy Membership: VIP

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    auDA Member:
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    I agree with DomainNames; Escrow.com is just not viable for small Aussie purchases.

    If the sale is only low $XXXX, and there is a potential problem with trust or language or guarantees, why don't you use a local 3rd party to help you out? They can act as a middle man for you both. Your buyer might feel more comfortable with that.

    Where are you based? Do you know where your purchaser is located?
     
  9. Cooper Mills DomainLawyer

    Cooper Mills DomainLawyer Membership: VIP

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    auDA Member:
    Yes
    this is a common issue that we face in the industry, we are working on a solution, which we hope to launch shortly - stay tuned
     
    eg73 likes this.
  10. DnEbook

    DnEbook Membership: VIP

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    i recently lost a sale because i asked for $250 up front to which i stated included the transfer fee at drop ....... must be a better way ?

    in this industry trust is paramount but perhaps the buyer was unaware of transfer fee ?
     
  11. onedot

    onedot Membership: Community

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    auDA Member:
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    I sold my .com.au on Netfleet. When the buyer found out he had to pay $220 for the transfer fee, he disappeared.
    I still had to pay Netfleet.
     
  12. neddy

    neddy Membership: VIP

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    Hi onedot,

    I'm confused. Where do you get the figure $220 from to do a Change of Registrant? It is $49 through Drop - or $39 through Ventra. This gives the buyer a further 2 years registration as well.

    It has never ever been an issue for me, or other domainers that I know.

    If a seller is reneging, put a ticket into Netfleet and ask for their assistance. Maybe it is just a simple misunderstanding that can easily be fixed.
     
  13. onedot

    onedot Membership: Community

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    auDA Member:
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    Contacted Netfleet. Nothing they can do to make the purchaser buy the domain name.
     
  14. onedot

    onedot Membership: Community

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    auDA Member:
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    $220 was the transfer fee charged by my Registrar "name.com.au".
     
  15. neddy

    neddy Membership: VIP

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    auDA Member:
    Yes
    To the best of my knowledge, Name.com.au is not a Registrar. Here is a list:

    http://www.auda.org.au/registrars/registrar-list/

    They are a reseller for a Registrar - and looking at their physical address, it is the same as Domain Central (who is a Registrar). They are using their system.

    COR prices are not regulated. You have to read forums like this to find out what is what!

    The best prices out there are VentraIP ($39.95), and Drop ($49.95).

    You obviously weren't aware, and got charged far too much.
     
  16. James

    James Membership: VIP

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    Wow netfleet please explain why your prices are 4 or 5 x the competition?
     
  17. neddy

    neddy Membership: VIP

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    auDA Member:
    Yes
    Where did you get Netfleet from?
     
  18. Cooper Mills DomainLawyer

    Cooper Mills DomainLawyer Membership: VIP

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    auDA Member:
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    We have been working on the new standard form contract which we hope to release shortly
     
    asantha likes this.
  19. vr101

    vr101 Membership: Trader

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    I just recently sold 2 domains that were a complete nightmare, Im thinking the netfleet assisted sales is a good option from now on, any other opinions?
     
  20. eg73

    eg73 Membership: Community

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    auDA Member:
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    What's your online reputation like?
    Maybe your good online social standing with history can act as reassurance? I know it has helped me trade a few names in the past..
     
    findtim likes this.