Follow A Domain Sale

 

There might be a question, or two, for a new domain buyer, on how to go about buying a domain. This page is for them.

 

With its millions and millions of pages, the Internet is quite impressive. Websites, social media, and information are always available at the touch of a finger. We use it daily, and most people do not even waste a thought on how it works.

 

Luckily, there are professional organizations and domain brokers out there who, with their service, see to it that a domain purchase and transfer goes smoothly.

 

You first need to register with a domain registrar; they can act on your behalf and transfer the domain into your name.

 

One such entity is the domain registrar like sedo. While there are hundreds of domain marketplaces worldwide, sedo offers their online and phone service in several languages, besides English also in German, French, Spanish, Chinese, and more. So pick the registrar you like best.

 

Payment

 

The professional service at any domain broker gives you peace of mind because they take the buyer by the hand and guide them through the domain purchase and take care of your hosting needs. 

Your payment, however, does not go to the domain seller right away. Instead, it goes into escrow so that nobody can touch it. Your money is still yours and will only go to the seller once the domain transfers into your name.

 

So now, with your $1000 in escrow, the domain seller will be asked to release the domain from their registrar. That is a process where he tells his registrar the domain has been sold and removes it.

 

You have nothing to do but sit back and relax while the domain broker (Sedo, GoDaddy, whoever) does the 'paperwork' and keeps you up to the date of the sale and transfer process.

Domain Transfer

 

A domain transfer is an electronic transfer, and you never see it. It is a piece of cyber property, now registered in your name.

 

As you have registered with a domain broker and submitted your address and email, the domain was recorded in your name.

 

The U.S. agency in charge of 'keeping the records' is called ICANN. So while we talk about who is, let me point your interest to one of the best URLs for any domain inquiry.

 

Whois can tell you who owns the domain, when and with whom it was registered, and when it expires.

 

  • Since May 25, 2018, whois might not be available due to the EU commission's privacy regulation.

 

As the new owner of the domain, you will be listed there, too, unless you choose to have that information listed as 'private.'

 

To do this, just buy 'privacy' from the broker where your domain is now registered, and no one, but you, will know who owns the domain. Congratulation, you are now the owner of a valuable piece of internet real estate.

Actual Transcript

of a Sedo Domain Transfer

  1. We (the domain broker) have created a payment request for the buyer and required payment. The transfer will commence upon receipt of payment.

  2. Payment request created for the buyer.

  3. Your Transfer Specialist (same as the domain broker) will contact you on the next business day with instructions on preparing the domain name for transfer.

  4. We kindly ask that you do not start the transfer process until we contact you with instructions.

  5. Payment (from the buyer) has arrived in an escrow account.

  6. Preparation of domain for transfer.

  7. The AUTH code has been received.

  8. Preparation of domain for transfer.

  9. As soon as the transfer has been completed, we will send payment to you (the seller).

  10. The domain will then be moved to the new registrar. (as the new owner, you have to choose one).

  11. We have asked the buyer to start the domain transfer at his registrar.

  12. Begin the transfer to the new registrar.

  13. We have asked the buyer if they have initiated the transfer at their registrar and informed us about the current status of the process.

  14. We asked the customer if the transfer had started.

  15. The buyer has initiated the transfer process from his registrar.

  16. Confirmation of transfer

  17. Payment took place.

  18. This transaction was closed.