why the delay in go daddy auction sales

Discussion in 'Domain Names & Parking' started by social engineer, Jul 3, 2012.

  1. social engineer

    social engineer Regular Member

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    Hi, Iv just brought an amazing expired domain on go daddy auctions however it says domain ready in 11 days why is this?
     
  2. johndoejohndoe

    johndoejohndoe Junior Member

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    I believe a site can be up for auction on godaddy while the owner still has time to register it. They're allowed 30 days to re-register for an additional fee, something like $70 for a year. Someone correct me if I'm wrong, but if they do re-register, then you don't receive it.
     
  3. CyberknightTully

    CyberknightTully Junior Member Premium Member

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    You're right except that the fee is $80. I just had to pay a few of those as I spaced off some renewals by not checking and updating my registered email address for one of my GD accounts. :(
     
  4. social engineer

    social engineer Regular Member

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    how often do people renew a domain in the grace period iv just brought this domain for $12 and its estimated at between $3k - $5k
     
  5. hawgbert

    hawgbert Jr. VIP Jr. VIP Premium Member

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    It probably depends on the industry. I was watching some mortgage- / real estate-related domains because of the downturn in those areas. None of about a dozen were renewed during the grace period.