During an ongoing transfer of a domain sold at Sedo, I was notified that the domain must be renewed before proceeding any further.
That’s a first for me, as usually I get inquiries to domains *after* they get renewed, not just before.
It seems that potential buyers that monitor a domain anxiously, place offers as soon as it’s renewed for another year.
In this case, however, the buyer placed a bid 28 days before expiration, so Sedo asked me to renew it at the current registrar, Fabulous.com
There’s no point in fussing over reg fees, just keep that in mind when selling a domain that if it’s less than 30 days to expiration, Sedo will ask you to renew it.
Happy Holidays!
It happened to me a couple of months back, at Godaddy, on Colby.co
I got an offer about 3 weeks to renewal. I accepted. The buyer paid and I pushed the domain to the buyer, but Godaddy takes over 20 days to credit and clear the funds. When the money was deposited in my account, the domain expired! The buyer emailed me about problems receiving the domain. I called my account rep at Godaddy, he politely asked me to renew the domain, I did, instead of the domain then going to my buyer, it was returned to my account. A week later the client emailed me again, this time I got on the phone and had the domain transferred to him. A day later, the client, on his own, sent me half of the .CO registration fee via paypal. I thought you should know.
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hi Uzoma – The fee is not an issue, it’s just a ‘warning’ that a sale might face an extra bump when the renewal date is less than 30 days away.
Happy holidays!
It might not be a big deal but if the Buyer wants to move a just renewed domain to a different Registrar, he’ll have to pay the transfer fee but won’t receive the customary one year extension.
@trico – any transfer of registrar extends the term by 1 year. Even just renewed domains. The only exception would be for maxed out registrations at the 10 year mark in which case the registry does not permit it to extend past 10 years.
“any transfer of registrar extends the term by 1 year. Even just renewed domains.”
john n
Your info is not correct.
A domain renewed more than once within a 45 day period will receive only one 1 year extension in total.
An expired domain is automatically renewed at the Registry for a 45 day period. This is a temporary renewal.
That is why if you check the WhoIs an expired domains often shows an expiration date one year forward. It’s a false expiration date since the domain has not actually been renewed yet.
If the Registrant renews the domain, the automatic renewal (and the 1 year extension) become permanent.
If the Registrant does not renew the domain and the Registrar does not keep it (Tucows Yummy Names) or sell it (GoDaddy Auctions), the renewal (and the 1 year extension) are cancelled.
If you, the Registrant, pay for a renewal of the domain and then soon transfer it to another Registrar, you will also pay a transfer fee but will not receive an additional year on the extension date.
Since 2 renewal fees have been paid within a 45 day period, and only a 1 year extension is granted, ICANN refunds the renewal fee to the losing Registrar.
You can take advantage of that fact by requesting a refund of the renewal fee you paid the losing Registrar. Many Registrars will grant the refund if you ask.