Last week, I announced that I sold my first domain name via Afternic’s Lease to Own option. The domain name was sold for $4,999, which will hopefully be paid over 12 months. Notably, I turned off LTO for domain names priced below $2,000, so when I received the email I knew it wasn’t going to be a table minimum LTO.
Just landed my first LTO sale at @Afternic. It’s a 12 month, $4,999 deal.
Other than removing the domain name from Dan and Sedo, they’re handling everything else.
— Elliot Silver (@DInvesting) November 27, 2023
Yesterday afternoon, I checked to see if anything had been done with the domain name I sold. To my surprise, the buyer already launched a website on the domain name. It’s not a simple WordPress theme or a template that was uploaded and potentially forgotten about. I think this bodes well for the completion of this payment plan.
When it comes to LTO deals, I think the third payment is an important milestone. Receiving a third payment doesn’t necessarily mean the deal will close, but the buyer has more at stake. The length and payment structure impact the weight of the third payment though. I have had several escalating payment plans get canceled around the one year anniversary when the monthly payment plan was about to increase. Regardless, I think the usage of a domain name can also be an indicator of whether the domain name will be paid off in full.
This morning, I took a look at all of my ongoing payment plans, and here’s the status of them.
Afternic LTO:
- 1 – Developed website
Squadhelp LTO:
- 1 – Forwards to the Squadhelp “no longer for sale” page
Private Attorney LTO:
- 1 – Established brand
Dan.com LTO:
- 1 – Parked with PPC links
- 3 – Dan.com “is already sold” page
- 2 – Not resolving to anything
- 1 – Forwards to an active website
LTO……if you still have full control of the domain,you can change the DNS if they don’t pay.
The domain name is returned to me when they don’t pay. Why do you think having control of the DNS matters? What is your point?
Thx for your inquiries, gives insights