Hi I'm interested in a domain name, which has been registered by somebody else. The person who has registered the domain has said they are willing to sell the domain but have asked me to make an offer. The domain is 4 letters, which do not spell a word, the letters can only be used as an acronym. The domain has been registered for 14 years, from research I can see that since 2004 it has had a placeholder page apart from for several months around 2011, where there was a very basic page for computer services. This domain is quite significant to the project I am working on and is my first choice, but I do have alternatives. to me it is worth between $50 - $80, but I do not know how much I should offer the seller. Should I just tell them I am willing to pay less than 100$, tell them why, or ask in what region they would sell?