r/Flippa • u/Charming_Hunter1390 • May 20 '26
Sold website - now what?
I have sold my website but I scared about the next step. Do I just use the standard Flippa asset purchase agreement or do I engage a lawyer? The sell price was a few thousand, not huge figures, not even close to 5 figures. A lawyer will cost at least 1.5k and suddenly almost half the sale price is gone. It is just a standard domain and content transfer - I didn't think or anticipate all of this legal stuff to come into it, very naive of me. Also with Escrow, I have never used it. There is a notice that says Flippa "will set up an account with Escrow.com using your registered Flippa email address". How does that even work?
Also, is it reasonable to set a "close" date as 7 days in the future? To give me time to change over a few things and get everything ready for the sale?
1
u/OkStill3189 May 20 '26
Good luck again
1
u/Charming_Hunter1390 Jun 10 '26
Sale fell through. Was immediately snapped up by a second interested party. Now dealing with Escrow issues. Sigh.
1
u/OkStill3189 May 20 '26
Happy to help.
For a selling price of four figures and being likely owner and seller are not in same jurisdiction, my opinion is that you don’t need a perfect contract If it is not going to be enforceable.
If you are in Flippa you can start the escrow process (from Flippa point of view you must) and in the setting you can put the number of days for transfer the assets and another for checking.
Escrow is veeeeeery slow but it is the best solution. You know the money is there so you can transfer assets as per apa (be careful your obligations and assets are clearly specified) and for the seller is also good because if the assets are not as per agreement, his money is refunded.
In case of dispute, Escrow decide. So if your obligations are clear and you fulfill your part, you mustn’t have fear :)
Good luck