One frustration people face in the domain investment space is buying domain names on various marketplaces that are no longer owned by the seller. It is annoying when it happens, especially if payment is submitted immediately on a buy it now listing and the seller does not respond while the marketplace attempts to finalize the deal.
Based on an email I received from Sedo this morning, it looks like they do have protocols in place to remove listings no longer owned by the seller. The domain name that is the subject of the email is one that I must have bid on quite some time ago (I can’t even find a record of it). I have not inquired about the domain name recently, and I didn’t do anything that would have caused this email.
It is good to see that Sedo does remove listings that are no longer valid. I am unsure of how regularly invalid listings are removed, and I am unsure of what prompted this email today. It is frustrating to deal with a situation where a seller doesn’t own a domain name anymore but the listing had not been removed, and I am glad to see that Sedo is doing something about it.
Here’s the email I received with the domain name redacted.
Thank you for your recent bid on the domain name [Redacted].com.
It has been brought to Sedo’s attention that the seller who has listed [Redacted].com for sale is no longer in fact the registered owner. Therefore, Sedo has no choice but to cancel your bid for [Redacted].com and remove the listing from Sedo’s site and services.
While we apologize for any inconvenience, we would like to invite you to browse the Sedo marketplace for a suitable alternative.
If you would like to continue to pursue the acquisition of [Redacted].com, our brokerage team would be happy to try to reach out to the current owner, to find out if the domain is for sale. To make a brokerage request, please visit https://sedo.com/brokerage/acquisition.php
Your Sedo Team