Selling a forum/domain with escrow.com

[Anatoliy]

Greetings,

I got an offer via an email from an unknown person with offer to buy my forum/domain/content. He says that it's risk free using escrow.com.
But any loosing of money starts with the words "it's risk free". )))

I never used escrow.com or anything similar so I have no any idea if it's trusted or some scam.
Could you guys please give me some information. Is it really safe? What might be a catch? What is the way to safely sell domain/forum/content without risking give it away for nothing.

Thanks in advance.

 

[briansol]

escrow is legit. they take a cut, that's the catch.

you put assets in
he puts money in

escrow releases it to both parties once both things are met.

 

[bzcomputers]

Usually the escrow cut is taken from the buyer side also. So it doesn't come from your sales price (pocket), technically.

Escrow.com also benefits slightly from a higher sale price, since they are working off of a percentage. They will actually go to bat for you with the buyer if you do your research and fine comparable recent domain sales and ask for more than the original offer because of it.

The buyers first offer is almost never the buyers limit.

 

[Anatoliy]

Thank you guys. So escrow just holds the buyers money, or I also transfer domain and all the files to them for they sure that I made my part of the deal?

 

[bzcomputers]

Yes, once you agree on the sale price. Buyer funds the sale to Escrow.com, once funded on Escrow.com seller transfers domain/files, etc to Escrow.com. Once everything is in Escrow.com and agreed upon both sides are released what they're due.