Mike Mann shared the latest update on his upcoming DomainMarket.com appraisal/brokerage system. There are some good news and some bad news.
He said that programming is going great but is taking too long. Also the cost of the appraisals has gone up from the last time. From $48 to $88 for 3 appraisers.
The good news is that you will be able to use the DomainMarket lander without an appraisal. The new option will allow you to list your appraised sub-$10,000 .com names but also domains without an appraisal and non .com domains. It is not clear to me if there is going to be a 4.5% change that covers all e-commerce transaction fees, transfers, etc.
If you only use the lander then you will be able to broker and negotiate your own domain name but it won’t be listed on the DomainMarket.com marketplace.
Mike told me “no appraisal or commission for lander“. Not sure this means that you can’t use his payment system (that costs 4.5%) or that you have the option not to use it or even maybe that you have to use it. Mike separates the 5% brokerage commission from the 4.5% e-commerce fee. This is much like Uniregistry does. Uniregistry charges 3.6%-6.6% for its payment system depending on the payment method.
Here is what Mike Mann said on Facebook:
“Domain appraisal/brokerage system update: Programming going great but taking too long..what’s new. Going to vet many professional appraisers for our system; all names have to be .Com and have to list name for the average of 3 appraisers’ price points, or lower. 3 independent appraisals will initially cost $88. Has to appraise at least $10,000 to get into brokerage. Has to point to our landing pages. Commission 5%, plus 4.5% covers all e-commerce transaction fees, transfers, etc. Can still use landers without our brokerage and negotiate and process one’s self for non .Com or ones that appraise too low.”