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Are GoDaddy appraisals accurate?

Last updated on September 25, 2022 @ 4:26 pm

GoDaddy appraisals are often considered to be an accurate way to value a business. However, like all other appraisals, there are some caveats that should be considered.

The first caveat is that GoDaddy appraisals are typically conducted by third-party appraisers. This means that the appraiser may have a personal bias that could impact the accuracy of the appraisal.

PRO TIP: There is no simple answer to this question as the accuracy of GoDaddy appraisals can vary greatly depending on a number of factors. However, it is generally accepted that GoDaddy appraisals are not as accurate as those from other professional appraisal companies. This is because GoDaddy employs automatic valuation methods that do not take into account all of the factors that can affect a website’s value. As such, it is advisable to use caution when relying on a GoDaddy appraisal and to obtain appraisals from multiple sources before making any decisions about the value of a website.

Second, the appraisal may not take into account the current condition of the business. If a business is in a bad condition, the appraisal may not reflect that.

Third, the appraisal may not account for recent changes to the business. If a business has undergone significant changes, the appraiser may not be able to accurately value the business.

All of these caveats make GoDaddy appraisals an accurate way to value a business, but they shouldn’t be the only factor considered when making a decision about whether to sell or invest in a business.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.