GoDaddy appraisals display comparable domain sales from 2004 (!!!)

I got an inquiry yesterday for one of my .com domain names.

I asked the buyer to submit at a 5-figure offer and then I received a $3,500 USD offer.

When I politely declined the offer the buyer said:

“If you change your mind and want to do something closer to the recent sales of *********.com and **********.com feel free to reach out.”

I immediately thought he got these 2 comparable domain sales from GoDaddy appraisals.

And I was right.

The GoDaddy appraisal price for my domain name was for $3,197 USD and the 2 domain names he mentioned were in the list of “Comparable Domains Sold”.

So I did a little bit of research. I quickly found that the first domain was sold in 2015 for $6,000 at Uniregistry as shown at Namebio.

The second domain was not found in Namebio so I checked DomainTools for a whois change.

It turns out that the domain name was sold back in 2004 by BuyDomains!!!
(price was $2,200)

I replied and asked the buyer if 2004 and 2015 is what he calls recent.

I finished with this:

“Please don’t waste my time with this garbage from the Godaddy appraisal tool.
This tool is total crap. Its automated appraisals are the joke of the industry!”

WHY?

So the question is. How are these “comparable” domain name sales from 2004 (or even earlier) helping appraise a domain in 2021?

Why did GoDaddy develop such a useless “tool” that is so bad for both the industry and GoDaddy’s business and inventory?

Sorry but the people at GoDaddy that are running this tool are totally clueless and dangerous for the company.

Sold.Domains

About Konstantinos Zournas

Studied Computer Engineering and Computer Science in London, UK and now living in Athens, Greece. Love domains and building websites. Went online in 1995, learned about HTML in 1996 and about domains in 2002. Started publishing the OnlineDomain.com blog in 2012.

11 comments

  1. Not bad I got you beat I have one I bought in 2002 and they use it as a comparable. They are going to get in trouble someday as they do this imo to force lower prices and appraisals. I don’t sell my house and use a comparable 20 years ago

    Donny

    • Konstantinos Zournas

      Internet 20 years ago is like the 1920s for houses… 🙂

    • 90% of buyer requests at namepros are with godaddy appraisal of usd 3000 to 20000 and willing to pay 10 % of appraisal value

      All automated appraisal tools are useless and the same domain they appraise for xxx or xxxx price gets updated to xxxxx if its sold for that amount

      So that means its all fake guess work appraisals using strange algorithms.

      • Konstantinos Zournas

        So they want to pay 1%-3% of real value!!! That is because valuations are up to 1/10th below real value.

      • Do people actually sell domains via these Buyer Requests on Namepros?

        “godaddy appraisal of usd 3000 to 20000 and willing to pay 10 % of godaddy appraisal of usd 3000 to 20000 and willing to pay 10 % of appraisal value”

        Maybe the buyers are trying to hook heirs who inherited domains from dead daddy or dead mommy and the idiot children, with no knowledge of domains, “pawn” them off in desperation to the buyers after googling “sell domains”

  2. They develop a useless tool to favor their inventory and not ours. My so called account rep doesn’t even know shit when I told him about how to value names .He was just concerned about moving my inventory even at lower prices .I told him ,I would take care of my business.

    I think they come on forums, hear ideas and just create crap .This is bad for the industry.

  3. Its obvious to me that these buyers are domainers looking to flip a domain for a profit. Last year, AbdulBasit offered me $500 for a name that was then appraised by the GoDaddy tool for over 5K. No offense taken. Its just part of the business.

  4. Consider that many Domainer use Godaddy from the beginning to pay much less than us domains for sale.
    Also pay for appraisals domains from experts and considered great domain investors and after publishing for sale on Landing page and similar domain investors offer 50% of the appraised value.
    This is like a jungle who has the power to decide in his favor is who else wins in a dirty way and fucks up others.

  5. Godaddy won’t even acknowledge their own appraisal tool for namefind portfolio, so why use it to hurt our portfolios.

  6. ha ha 100% correct can’t judge the Domain price any Domain leader’s. only can decide by Seller

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