Over the weekend I noticed a little triangle as an alert when using the GoDaddy appraisal tool.
Disclaimer
The Estimated Value is based on an algorithm utilizing data GoDaddy has available to it to help estimate predicted sale price of domains. However, we do not make any guarantee or other promises to any results that may be obtained from your purchase or sale of any domain, and this is not intended as a solicitation or offer to buy any domain. It is your responsibility to independently assess and determine the value of any domain you may purchase or sell.
We shall not be liable for any losses you or anyone else suffers as a result of relying on the Estimated Value, which includes not being liable for any loss of profit, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss.
I imagine they wanted to give some better understanding to those outside the domain industry. Some might treat the amount as the most they should pay and others might buy a domain name and want to hold GoDaddy to the appraisal.
Of course domain investors know it does not mean much but GoDaddy has a lot of customers who are not domain investors.
I take this as a good sign. An industry growing pain as the number of participants grows.
Nice to see someone noticed. That was the point of changing the Icon from a Question Mark in a circle to an Exclamation Point in a triangle. To make it more noticeable.
The disclaimer language was always there under the question mark. The wording we changed is actually above the disclaimer in the Estimated Value Section. Again this was done to try and make the language more clear but there was always some language here to similar effect. The new language reads:
Estimated Value
GoDaddy estimates the value of each domain by looking at millions of historical domain name sales. The estimated value may or may not rely upon this particular domain’s sales data, as the domain may not have previously sold. Sellers may ask, and you may ultimately settle, for a price below or above this estimated value.
Trash the automated domain appraisal tool. It’s very misleading.
NameFind doesn’t use it to appraise their own domains, so why should anyone else use it?!
Good Poimt, Mark.