Transfering a Domain to a Specific Buyer

zmxn73

zmxn73

Asshat Noob
Oct 31, 2008
286
2
0
Sydney, Australia
Hi there,

Sorry, no doubt this is a newbie question but it's my first time doing this and I want to get the best advice from those that know.

I have a specific buyer, for a domain that I've ranked and generated consistent leads for. In the past I've rented out sites, but never actually sold one to an offline client.

So my question is what's the best service to use to safely transfer this website over to the client (that organises the payment etc). It's not a big sell, will be between 2000-$5000 but obviously I still want to get the process right first time around.

EDIT: I forgot to mention, along with the domain name, I want to transfer all the files and content over to them as well. Essentially exactly as the website is now, I want them to have.

Thanks guys!
 


Escrow.com. Pretty straightforward.

Agree on an inspection period.

Buyer pays to Escrow.
You transfer everything.
Escrow releases your money once buyer okays everything or inspection period ends.
 
Just a couple other questions.

- Who would be the broker in this instance? Do I have to find my own or does escrow act as the broker as well? If not would I have to get a lawyer for such a small transaction?

- How would the inspection period work? What is the typical look of the inspection period for a wordpress site? How would they look at the files, would I have to create a separate non-admin log-in for them? What do I provide to satisfy the buyer during the inspection period?

Sorry I know, newbie questions but it's all foreign territory for me until I do a transaction and I want to know how it all works before I do my first one. The info on escrow is making it a bit confusing.
 
I'm confused, why do you need a broker or lawyer?

I'm not sure there is a typical inspection period, it all depends on what the buyer and seller agrees to and what is actually involved. If it's a larger site/transaction the buyer might want a few extra days. Just offer something like 2-3 days and see if they are OK with it.

Once the buyer has posted the payment to Escrow you would transfer everything over, this includes the files, site, domain name and whatever else you agreed was going into the sale.

Their process is described here: https://escrow.com/solutions/escrow/process.asp

If you make an account and login you'll see it's pretty straightforward. If you need more help shoot me your Skype in a pm and I'll help you through it.
 
m0rtal said:
I'm confused, why do you need a broker or lawyer?

I'm not sure there is a typical inspection period, it all depends on what the buyer and seller agrees to and what is actually involved. If it's a larger site/transaction the buyer might want a few extra days. Just offer something like 2-3 days and see if they are OK with it.

Once the buyer has posted the payment to Escrow you would transfer everything over, this includes the files, site, domain name and whatever else you agreed was going into the sale.

Their process is described here: https://escrow.com/solutions/escrow/process.asp

If you make an account and login you'll see it's pretty straightforward. If you need more help shoot me your Skype in a pm and I'll help you through it.
Click to expand...

Thanks mate appreciate the help. I'll shoot you a pm if things get tricky thanks for the kind offer!

Reading their process the first time around it made it seem to a newbie, that there are 4 parties involved, the buyer, seller, escrow and a broker (the broker being the one who negotiates and writes the terms for the payment/sale). From your response I'm assuming there is no broker, and I should just write the terms myself and have the buyer agree on them?

Cheers
 
Nah you don't need a broker but I believe there is an option for a broker to setup a transaction.

Yeah you can write it yourself. You really don't need to make this complicated. Assuming both parties are on board there shouldn't be any issues. Just jot down what he's getting and that's that.
 
m0rtal said:
Nah you don't need a broker but I believe there is an option for a broker to setup a transaction.

Yeah you can write it yourself. You really don't need to make this complicated. Assuming both parties are on board there shouldn't be any issues. Just jot down what he's getting and that's that.
Click to expand...

Ok great thanks mate, good to hear I can keep it all simple
 
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