Website brokers and their tricks to sell websites

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Website Brokers And Their Tricks To Sell Websites
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• The basic function of a Website broker is to help
  webmasters sell their website. Website brokers
  generally evaluate their clients website and
  then present in a way to others to gain highest
  possible price.
• The process of selling a website is similar to
  that of a realtor (real estate agent). A person
  who wishes to buy a website approaches a website
  broker who is looking to sell websites. The
  broker then enters into a sales agreement with
  the person. The broker then prepares the
  information memorandum about the website to be
  used to show potential buyers. This document
  consists of all the relevant information about
  the website, its financials, traffic stats and
  answers to general questions.

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• The website broker then goes out and sells the
  website to potential buyers. Screen them with
  their screening process and present you the best
  offers.
• Selling a website requires lot of patience since
  the entire process is an Intensive one. Thus
  people today hire website brokers, as they help
  their clients in flipping of websites. Hiring a
  website broker reduces a great amount of stress
  and you would get more time to work on the
  website and enhance it. However, not many people
  know how these website brokers function. The main
  purpose of hiring a website broker is to sell
  your website.

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• Website buyers
• A potential website buyer normally signs a letter
  of intent (LOI) and ask for a set period for
  final due diligence. It is the choice of a buyer
  whether he/she allow this to be exclusive or not.
• These buyers make a formal offer after due
  diligence. Then the transfer process happens.
  Money is normally transferred using an escrow
  service. That can either be the brokers trust
  account, a lawyer trust account or an escrow
  service. The site is then transferred to the new
  owner, the seller receives their funds and the
  buyer then takes ownership of the website.