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Purchasing "Second Hand" Domain Names

#1 Chris Higgins

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Posted 01 June 2011 - 08:14 AM

I've contacted a domain owner and we have agreed on a purchase amount for a domain that he owns but no longer uses. Can anyone give me some advice on how to go about making this transaction? He has suggested using Escrow.com, which looks fair, but I have no experience with the service so wanted to get some other opinions. Also, the domain is registered until 2016. Will that time be included in the transfer of ownership, or will I need to re-register the domain? In addition, am I forced to stay with the current domain company, or can I transfer it to one that I already use?

Cheers,

Chris

#2 MH-Nick

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Posted 01 June 2011 - 01:49 PM

As well as Escrow, take a look at Sedo. They're both trusted services, but their fees may differ. I've used Sedo in the past and it was incredibly smooth.

The 2016 renewal will stay in tacked, it will most likely extend to 2017 as when changing registrars you're forced to renew the domain as well.

With Sedo (I would assume Escrow too) you nominate a registrar that you want to transfer the domain to (best to speak to your current domain registrar/reseller about this) and when the transaction is complete, the domain to transferred to that registrar and in your name.