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There is no rule of thumb with automated appraisals. They don't really mean anything.
Brad
So domain investors taking the GoValue * .3 and making offers is completely new to you?
That's what people were doing last year.
Never heard of that. It would be silly IMO to apply some general multiplier to any automated appraisal, especially as a buyer.
Brad
Last year wholesalers took the GD GoValue number and then offered 25% - 30% of the GoValue.
It's a strategy Riz had success with for buying, and became popular within the communities he was active in.
I started looking around the forum here (it's bee a while) I see people looking for $7k - $10K+ GD appraisals, offering the same kind of percentage. So I guess this formula still is being applied within some circles.
Glad to hear from you Brad, hope all is well here in 2022!
As @bmugford pointed out, following appraisal systems isn't wise. However, what I will say is you will find more often than not that if a domain has a GD appraisal of $6k, $7k, $8k or more...chances are it isn't a bad domain. You lose faith in them when you type in any old nonsense like "flowers and cars dot com", valued at around $1k GD appraisal...that 25 to 30% simply doesn't apply. You have to use your head, outside of such systems. They will give value to just about anything
The domain is decent. There are some investors that you mentioned that may do a deal that is a percentage of the GD appraisal, but again that's their business. An "investor rate" for this domain would be much less (they'd sway against paying X,XXX). IMO
Last year wholesalers took the GD GoValue number and then offered 25% - 30% of the GoValue.