Today, the story is different. Domain name registrars realized that they could auction expired domain names to the highest bidder and generate additional revenue. If no one wanted the domain names in an auction, the domains would then drop and become available for anyone to register. Much of the time, however, domain names are successfully auctioned.
A domain name that reaches expired status and is not renewed by the owner will be listed at an auction service (see FAQ for exception to this rule). The domain name does not immediately go into auction, but is immediately listed on the partnered auction service with an auction scheduled for the near future. Such a domain name will be exclusive to that specific auction service.
However, what do you think about buying expired high PR domains and creating local directories, business reivew, and event calendar sites that actually provide a value to the community? Then include a sponsored link from local business that is trying to rank? Do you think a method like that is a. morally soluble and b. viable long-term because it creates value?
So, you paste the domain into here and click on the search domains button. This will show you more information about the pending delete status domain. In this case, you have to order by June 13th and today is the 10th. So, you have three days and you just add it to your cart as if you’re just buying anything online. Just check it off and click add to cart. It’s added to your cart and they will try to get it on your behalf.
Finally, just because you have an idea doesn’t mean that you have more rights to a domain name. That’s not the way the system works. For example, Microsoft owns more than 75,000 domain names. Surely they’re not using them all — but they were acquired through purchasing businesses, hand registering them for business ideas, defensively registering them, etc. And they have the right to do so, just like you do for any idea that they have yet to come up with…just like a real estate investor does for a plot of land they have no intention of building upon for the next decade…just like an art collector does who wraps a Picasso and puts it in their basement.
It is very possible that the owner has a recurring payment in place, or that the owner renews after it expires. Because GoDaddy gives a redemption period like all registrar, many domain name investors will actually allow their domains to go through auction to see what the “market value” is of a domain name and THEN renew it. It sucks if you’re the buyer thinking you won the auction. It happens often, unfortunately.