As a domain seller, the quicker I can move inventory, (usually) the better. When I win an auction at NameJet, I try to find an end user or domain investor buyer as quickly as possible. I’ve never encountered an issue with this until last week.
I recently bought a domain name at auction on Namejet. I was informed the domain name would be moved to my eNom account, and I quickly scouted out buyers. I reached a deal to sell the domain name a few days later, and upon trying to push the name to another account, I learned that there was an “auction lock” on the domain name.
I inquired about the lock, and at first, technical support wasn’t very helpful. I asked why I could transfer a name I bought on NameJet that was registered at Network Solutions a few weeks prior, and the person tried to explain that it had something to do with pre-release and pending delete status differences, although I learned that explanation was incorrect.
According to Laurie Krick from Enom/NameJet, all domain names that end up at eNom will have a 45 day correction: 42 day lock on them. Owners can change the DNS to use the domain names within this period of time, but they can’t be pushed to another account or transferred out of eNom.
This lock is something I did not know about, but I will take it into consideration when bidding on NameJet domain names going forward, as it adds 45 days correction: 42 days to when I can flip names.
Update: it is 42 days, not 45 days