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.CA LGP.ca - Sold $2,500 USD (1 Viewing)

  • Thread starter Esdiel
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Esdiel

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DomainRecap

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Wow, that's a long time to hold for $2K.
 

aactive

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DomainRecap said:
Wow, that's a long time to hold for $2K.

If you go by the "sell 1-2% a year" mantra, not really. About on the mark.
 

DomainRecap

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aactive said:
If you go by the "sell 1-2% a year" mantra, not really. About on the mark.

I only meant that if I've held a 3-letter for over 2 decades, I'm going to be looking for more than $2K as my payoff.
 

aactive

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DomainRecap said:
I only meant that if I've held a 3-letter for over 2 decades, I'm going to be looking for more than $2K as my payoff.

If I waited 2 decades to sell 3-letter .ca for 2K ... I'd'sell it for 2K.
 

DomainRecap

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aactive said:
If I waited 2 decades to sell 3-letter .ca for 2K ... I'd'sell it for 2K.

Not me, and I'd look for $5K just on principle alone.
 

Eby

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I would agree with DR. It comprises a great combination. I would imagine that there was money left on the table but wouldn’t know what went through the sellers mind at that time.
 

theinvestor

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It all depends on many factors. There are some names you may never get an offer on and eventually when you do and it’s 20 years later you may take it.

It’s easy to do if your acquisition cost was $10. It makes 2K a great ROI. Even if it’s 20 years later.

Would I sell for 2K? No. Nonetheless, better than sitting on a bunch of names that you can’t sell and eventually may drop.
 
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The longer I hold a domain with no offers, the more likely I am to sell it at a reasonable price. The guy got a 10x return, or he could have held out for more and risked holding it for another 20 years.
 

Esdiel

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DomainRecap said:
Not me, and I'd look for $5K just on principle alone.
^^ I have to agree with this, personally/generally speaking. ^^

clarkemarketing said:
The longer I hold a domain with no offers, the more likely I am to sell it at a reasonable price. The guy got a 10x return, or he could have held out for more and risked holding it for another 20 years.
I also totally understand this, especially if you have a huge portfolio (otherwise, not so much for this domain).

theinvestor said:
It all depends on many factors
And this is very true too. Maybe the person has thousands of domains and needs some movement. Maybe they are sick and/or need money. Maybe they sold it to someone they have a connection with. They might even be 70+ years old and don't feel like they can risk waiting much longer. Maybe another domainer acquired the domain as part of a portfolio purchase recently, and is simply happy to do a quick flip to get some of his/her money back. Who knows.

domains said:
What will LGP be used for I wonder?
I suspect a company called "PRESCOTT LGP FACILITY INC." bought it. I'm not sure who they are or what they do, since they are a new company.
 

Esdiel

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LGP.ca has a website up. The buyer was "Stratégies Immobilières LGP" (aka LGP Real Estate Strategies).

I believe they only went live today, and they just posted their first 3 blog posts within the last 5 minutes.

Their older website is still up and running too: StrategiesLGP.com

Below is how they describe themselves on LinkedIn, where they also have their new domain showing.

Note that it may not be 100% accurate, as I translated it to English using Google Translate since there's not much French talk here:


About us

LGP Real Estate Strategies (LGP) is the only real estate development integrator that offers pre-development services (development planning) in Quebec. It is the conductor who can ensure that all stakeholders hired by the client are working on the fastest and least expensive completion of the project.

LGP optimizes development concepts while respecting urban trends and then coordinates the work of engineers, architects, lawyers, financiers, accountants, land surveyors and other specialists who generally work on the project.

Whether it is to exploit a totally virgin land (greenfield) or to reconvert a lot already partially or totally occupied (brownfield), the realization of real estate, industrial, commercial or recreational tourism projects is based on the perfect control of a network countless interrelated tasks.

It is known: too many groups can negatively influence the smooth running of a real estate project. Environmentalists, immediate neighbors, pressure groups, municipal and government authorities can delay and even abort even the most well-crafted projects.
You are a real estate developer, professional in the field of construction and related services or an individual wishing to carry out a project, here is a summary of our main services offered: