After negotiating a domain sale on DNS, the buyer sat on the Escrow.com transaction until it expired.
Throughout the transaction, they never responded to my emails or those of Escrow.com.
Seeing how they are located in the UK, I assigned the transaction to DNS, which got hold of the buyer, a manager/partner of the company who placed the offer.
Despite the good old stereotype of a “gentleman’s agreement” being a characteristic of the British, the buyer’s response was that their budget had dropped below the agreed upon price, hence their complete silence on the subject.
To be honest, I wasn’t shocked by their alleged change in budget, but rather, by their childish approach to remain silent without any form of communication on their decision.
The concept of honoring one’s word isn’t British exclusively, of course, but the reference to a “gentleman’s agreement” most certainly is.
Honoring one’s word, whether personal or in a business exchange, is a must when dealing with thousands of dollars in inventory, managing a corporation or claiming to be a successful entrepreneur.
The particular transaction is back on the negotiation table, and time will tell whether the buyer is a gentleman, or a crook.
Good Luck with the new negotiations, If you want PM the details and I can look into the company being based here in the UK.
Robbie
Had the same thing go wrong with a person out of London, they made the offer, they said set it up into escrow, then they go silent. My guess is a lot of people make the deal first, and worry about paying later. Sucks, but hopefully they comeback, and you charge them a time wasting fee.
Thanks, Robbie. The matter is currently in the hands of a DNS broker, who extracted all this lovely information from the formerly mute buyer. I will let you know how it goes; the company is by no means small.
Ron – I agree, some so-called professionals believe the rules of the trade are meant to be bent however they find most suitable.
They should have at least contacted you or DNS to explain why the no payment.
Is this just a negotiating tactic to get a lower price?
Domains – I fully agree, that’s why I find such a silence after several emails were sent, to be childish.
UK? I laugh in hindu. I had 3 sour and pathetic experiences with them with one ending in a sale but not without a disagreement.
One did same thing… He got referred by a friend and promised to email me. For more than 3 weeks he didn’t. The bottom line is that in the end, NO SALE.
I had another similar experience with a UK forex firm and till date, no news from them after they promised to get back to us. That was in April.
Some of this folks don’t realise how irritating their ‘silence’ could be. I would rather accept a no-more-interest reply than silence. I just hate it!
Currently have one(not UK) since June even when he has agreed to make the payment via sedo. No news and no reply to my series of emails.
I will hand it over to DNS and I believe they will do a better job at reviving it or at least get a reply/reasons for their long silence.
I hope yours come out positively though. Good luck.
Thanks Jman – The brokers at DNS seem to have that extra touch needed by many end user buyers. I will post details once this is all wrapped up.
“My word is my bond” too old fashioned now? Maybe I’m too fashioned.
I find buyers out of UK, and Spain to be lowballing considerably, and well stalling with payments.
Theo these UK buyers are the worst.
I was negotiating a deal and we agreed on the price. Then they come back with a lower at about half the original price. I told them to get lost.
They came back with their original offer and they bought the domain.
Awful.
Happened to me recently. The buyer (who claimed to be an experienced domainer) was silent and did not respond to escrow. I cancelled it. A week or so later an email arrived, apologizing for forgetting to inform that ‘his partner’ decided to purchase another domain. I guess there’re many buyers out there who operate like this. Good luck.
Acro, you seem to be in close proximity with DNS in terms of relationship.
I will like to ask you here concerning my case in which someone promised make payment via sedo since June. My question is, if I give DNS the details to contact this man can they help me and turn the deal on?
Yes, he agreed to make the payment but since I replied him, he hasn’t said anything. I want to give DNS the chance to help me get in touch with him for me. I need someone that can help take away that fear which I feel is what might be hindering him due to the content of his email. But in the end he said he is WILLING to go via sedo and I should let him know.
Can DNS help?