So you’ve finally found the domain you’re looking for and have agreed on a price with the second party, kudos! This article covers buying a domain from a person that’s willing to sell it, not an unregistered domain. Normally second-hand domains go for anywhere between $50 to a couple million dollars.
Don’t Buy a Domain Without Changing the Owner InformationThis one’s pretty straight forward, while transferring the domain to you, make sure you change the ownership information. Else, the seller can later claim the domain back and you might end up losing the domain because the ownership information proves that the domain is his.
Don’t Just Pay The Asking PriceMeaning, if they’re asking for $5,000 don’t just email them “hey, I want buy your domain for $5,000”. Domains are almost always up for a haggle so negotiate and be smart about it. I saved a ton of money on a domain that was available for $10,000 and managed after some negotiation and reasoning take it down to a bit below $4,000.
SolutionEmail the buyer asking to buy it for 70% of the price you want to pay, after some negotiation take it up to 90% and finally 100% + end it with an odd number.
Example: Buyer is asking for $15,000. You are willing to pay $10,000, so you start by asking to buy it for $7,000. After some back and forth take it up to $9,000 then finally up to $10,000 however don’t offer exactly $10,000, end it with an odd number like $9,947 or $10,153. The reason being is odd numbers sound much more serious, it looks like you’ve really calculated how much you’re able to spend and have offered the maximum you can offer the seller.