Daily Poll: Has a Buyer or Seller Ever Backed out of a Deal?

Several years ago, I closed a deal worth around $10,000. The deal went smoothly. A couple of months later, I had acquired two domain names I thought the buyer would want, and we agreed to a deal worth close to $30,000 (as I recall). We agreed to the deal on a Friday evening and were going to transact on Monday morning. The following Monday, the buyer let me know he had reconsidered over the weekend and backed out of the deal. It was disheartening and frustrating.

One takeaway from this experience is that I try not to close deals on Friday if they can’t be finalized before the close of business. I don’t want to get excited about a deal to have it fall through on the weekend. Having gone through a buyer backing out several times, I feel like this happens more with small business owners than larger companies. I guess I don’t have enough experience with this type of thing to say that conclusively, but that is what it seems like.

Have you ever had a buyer back out of a deal before?

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn


  1. It happens. Recently a person said they could meet an $8k ask price, spoke to them on the phone and they required 10 days to gather funds; this was 60 days ago. However with corporate entities that I’ve communicated with they always follow through it may take a week but if they say they’re going to buy they do .

  2. More of this to come with newer generation, they commit first, figure out how to pay later, more flakes than ever just throwing around their offers.

  3. Only once. Buyer backed out of 10k deal. Fast forward a year later I sold the domain to someone else for 16k. I never count the dough until it’s in the bank. If a buyer fails to follow through sucks but I’m a very patient seller and prices only go up as time goes on.

Leave a Reply

Recent Posts

Escrow.com Announces 2023 Master of Domains

During the NamesCon conference today, Escrow.com announced its Master of Domains winners. The annual award celebrates "the highest grossing domain name brokers for deals...

How to Buy a Domain Name That is Owned by Someone

For a domain investor, buying a domain name is second nature. Investors hand register domain names, purchase domain names via expiry and private auctions,...

My 2023 Domain Industry PMC Jersey

For a number of years, I have created a domain industry Pan-Mass Challenge jersey to raise funds for Dana-Farber Cancer Institute. Many domain industry...

Chat.com Profitably Resold for 8 Figures

In March of this year, I reported on the sale of Chat.com. The domain name was acquired by HubSpot Co-Founder Dharmesh Shah for more...

First Look at my 2023 Domain Industry PMC Jersey

This August, I will be riding in my 10th Pan-Mass Challenge ride to raise funds for Dana-Farber Cancer Institute. I will be riding...