How To Get The Domain To The Buyer When Buying And Selling Websites
One very important part of the process of buying and selling websites is of course, getting the goods, in this case the domain and the site contents, to the new owner. When the buyer and seller have come to an agreement concerning the terms and the payment system, the domain transfer is the next key step in the process. Furthermore, the transacting parties also need to first settle on the hosting arrangement for the site before this next step is started.
In general, the seller can go for either of two alternatives in getting the domain to the buyer: The first is a Domain Push and the second is a Domain Transfer. Let’s talk about the two methods.
1. Pushing a Domain
If you’ve ever tried selling a website before, you may be familiar with this option because this is the most common way of getting the domain to the buyer. When a seller is said to “push” a domain, it basically means he (seller) is moving the possession of the domain from one person to another within the same registrar. Note however that this scenario only happen if both buyer and seller maintain an account with the same registrar such as GoDaddy.com.
There are several benefits to pushing a domain: The process is easy, it costs absolutely nothing, and the domain is automatically “moved” right after the push is made. There isn’t any 60-day waiting period like when a domain is transferred from one registrar to another.
2. Domain Transfer
If the seller has the domain registered at one registrar (GoDaddy.com for instance), and the buyer has his account with another (e.g. NameCheap.com) and wishes the domain he bought to be registered in the same registrar, then a domain transfer would have to be done by the seller.
This option isn’t used as often as the first one stemming from some very valid reasons. First, there are fees involved to have the domain transferred to another registrar (although this would only cost about $8 to $10). Further, a transfer involves a longer and more complicated process. And then there’s the 60-day waiting period rule to contend with should this be applicable in your situation.
For those unaware of this policy, a domain that has been newly registered cannot be transferred to another registrar for the next 60 days. This is obviously a major inconvenience if the seller has only built and registered the website a few days or weeks before the sale pushes through.
Pushing Vs. Transferring a Domain
Understandably, the seller and buyer would often opt to push the sold domain instead of transferring it for the factors given above. Even if the buyer has many of his websites registered with another registrar as that of the seller’s, he can easily sign up for a new account with the registrar where the website is currently registered to simplify the process.
However, the buyer could still “insist” on a domain transfer and not just a push if the seller’s registrar is not that reputable and the buyer is not comfortable having his newly-bought site or domain on that registrar.
If you’ve already familiarized yourself with how to push or transfer a domain, there are only a few more steps to take and you’ve already completed the process for flipping websites.
If you want to know more about the domain name transfer step, watch the Video on how to push a domain.
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