New tool lets buyers make an offer on your domain.
Online escrow company Escrow.com has added a new feature it calls “Escrow Offer“.
The feature enables potential buyers to click a button on your website and make an offer. This is opposed to making a buy now purchase. If a deal is reached, the closing is handled through Escrow.com.
When a buyer clicks the listing’s Make Offer button, it sets up a negotiation between the prospective buyer and seller. The buyer is sent to a form where they submit the initial offer.
The seller is then informed via email. Both parties may view the negotiation history on the offer management page as well as accept, counter, or reject any offer or counteroffer made to them.
Multiple buyers may negotiate with a seller on a given listing during this time. When a seller accepts an offer, the buyer is guided through the payment process. When payment is secured by Escrow.com for the listing, the negotiation is formally closed.