Most Effective Way to Buy an Expiring Domain?

projectv3

New member
Mar 6, 2007
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It's been quite a while since I've posted here but figured this would be a great place to get some insight on this particular scenario.

There is a domain I'm hoping to pick up, and its expiring in a few months.

I was curious if anyone could recommend the best way to pick up an expiring domain? I know most will probably go to domainers who have bots that will sweep expiring listings for dropped domains, is there a way to beat the automatic squatters who will probably just pick it up and try to resell it back to the original owner?
 


It currently lists the domain with "TIERRANET INC. D/B/A DOMAINDISCOVER"

for backorders do you have to set a 'bid' etc.?