$99 appraisal no longer required to list domains for high prices.
Domain name marketplace Sedo has removed its requirement to purchase an appraisal before listing a domain for over 49,999$/€/GBP.
Previously, sellers had to pay for an appraisal to confirm the value before listing a domain with a buy now or make offer (with asking price) above this threshold. This would also apply to domains with a fixed price that were included in SedoMLS.
Sellers could always reply to a make offer inquiry with a price above $50,000, but they couldn’t list that as the initial price without first getting an appraisal from Sedo. The company charges $99 for an appraisal.
Now, sellers can ask whatever they want without going through the time and expense of an appraisal.
Sedo is on a roll making seller-friendly changes. Earlier this year, it dropped its minimum commission on domain sales and lowered minimum sales amounts from $90 to $20, making it easier to sell low-priced domains. (I bought a domain on the platform for $30 last week.)
David Yang says
Good updates on Sedo.com but the domain owner verification is still a complex process compared with DAN.
Mike says
the owner-verification is easy. Just enter your “TXT-code” at your Registrar-interface.
John P says
The domain industry auction platforms should be taking a page from the recent stock online brokers by cutting commissions and costs down to nothing or close to it. The registrars need to be giving people free Domain For Sale landing pages as well.
Andrew Allemann says
There’s a huge difference between trading stocks and selling domains. If Sedo lowered its commissions to 0% would you take your domains off Afternic and list them solely on Sedo (or vice versa)?
Rick says
yeah, SEDO should get their 10% commission, which is fine.
But why are they charging 15% commission for Domains which are not using their crappy Parking-Program ?
SEDO does not get it yet, but sooner or later they will have to wise up, or they will be gone from the marketplace.
John P says
I would. Having said that I’ve sold all my names via lander domain for sale lander pages. That’s why I want better free landers from the registrars or even escrow.com.
Erich says
The Sales-commission of SEDO is just too high. Why pay 15% commission to SEDO when you can use other companies like DAN or EPIK ?
I am going to remove all my domains from SEDO soon.
Domainer says
I’m surprised no one complained that Afternic’s 20% commission was also too high. I find I do less and less with S & A.
I am willing to pay the higher commissions if they did something to earn it other than just handle the escrow part of the deal.
H says
Afternic fee is 10% + $4K for domains above $25K. So yes, Sedo move does not make a lot of sense.
Piker says
I price all domains as Sedo 10% above my prices at Dan, because of the higher commission and because Sedo is one of my least favorite selling platform.
Mark Thorpe says
This was a no-brainer move. Never should of been price limits in the first place.
Now they need to lower their sales commission from 15% to 10%
John says
Seriously? Since when do people ever go from less to more sane and reasonable? Have they been smoking something? The pricing cap alone feels older than me even though it’s not even close.
Why would anyone use Sedo? Because while some still have certain better features, Sedo still has a level of visibility for your domains the others do not, is this not so? Honestly – is it not?
Furthermore, where else can you get competitive bidding happening? Don’t tell me NJ with their compulsory inclusion of the Evilbot “appraisal” figure. Or does Sedo do that too (haven’t looked in a while)?
I’ve all but abandoned Sedo for quite a while now, but this could change things. I have had activity and at least one sale through them before, and it’s highly desirable to have the potential for an auction to occur. Or are there any unpleasant gotcha’s with names going to auction?
That’s what we need: more real quality auction platforms, ones that are not NameJet with the compulsory Evilbot figure ruining things.
John says
Andrew, my comment has no link, ip is US, but back in moderation again. Can’t you do something to tame that beast…
Andrew Allemann says
Talk to WordPress 🙂
John says
Well at Elliot’s and Konstantinos’s, it only happens if you add more than two links. At TheDomains, it only happens if you add any link, and that seems fairly obviously to have been set that way. So I’m thinking there just has to be answer for DNW. Ruby slippers, anything.
John says
Has this hooooooooooooooorrible problem at Sedo also been fixed:
If you set a minimum, it appears in a DomainTools lookup as if that’s the price. So if someone looks up your domain there, they are told “Buy this domain for $xx,xxx now!” and led to believe that’s the price and the worth. Absolutely always hated that, and also creates a dealbreaker situation.
I haven’t seen it in a while, but I also don’t use DT as much as I used to because I don’t have a paid account.
John says
And speaking of the Ruby Slippers, Andrew, I sure hope you read my treatise on the state of .US:
https://domaininvesting.com/us-town-hall-hosted-by-neustar/#comment-85069
🙂
John says
LOL, just realized my “link to original” is on your site. 🙂
Mansour says
In my opinion, progressive commission is the best, so if the domain name is $5,000 or less, the commission would be 15%. Between $10,000 and $30,000 – 10% . Any domain over $30,000 up to $100,000 no more than 7.5%. $100,000 and above is no more than 5%
Andrew Allemann says
Afternic does something like this