Purchasing a domain name from another

[LadyEye]

I am wondering if anyone has any tips, suggestions and safety precautions to use for purchasing a domain name from another person.

There is a certain domain name that I would like to purchase, the domain name is not being used, but has been registered for 6 years, and currently does not expire for another year ...

Does anyone have any insight as to what the norm may be if I approached this person to buy this domain?

Like, am I just opening up an invitation for them to continue to renew and renew and possibly want alot of money for the name?

Am I bringing it to light so that they may start using it?

What would the normal purchase amount be for a domain name, that someone has paid for for 6/7 years if they would sell it?

This domain is in another part of the world from me, how would I be secure that I would receive the rights to the domain name if they did sell it to me?

Any insight anyone can offer me from their past experiences would be appreciated.

Thank you.

[Bethers]

Re: Purchasing a domain name from another

They can sell it for any amount they want to or think it can bring. Or they can be nice and sell it for a nomimal amount.

I just purchased a domain that I wanted. When they knew I wanted it - they put it on auction. I got lucky. They had the auction run 24 hours - started bidding at $29 - and no one else bid on it. I got the domain. I am in the process of moving it - but since this was done through what I hope is a reputable online service, I shouldn't have any trouble.

Find out where the domain is sitting and who owns it - and go from there. All you can do is ask.

[LadyEye]

Re: Purchasing a domain name from another

They can sell it for any amount they want to or think it can bring. Or they can be nice and sell it for a nomimal amount.

I just purchased a domain that I wanted. When they knew I wanted it - they put it on auction. I got lucky. They had the auction run 24 hours - started bidding at $29 - and no one else bid on it. I got the domain. I am in the process of moving it - but since this was done through what I hope is a reputable online service, I shouldn't have any trouble.

Find out where the domain is sitting and who owns it - and go from there. All you can do is ask.

Thanks Bethers .... I believe I found out who owns it and who registers it ... I believe I may not speak their language though? In this case, should i contact the registrar?