_How to buy Sombodies domain

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I wish to purchase a domain from sombody. It is registered with Godaddy. (i don't know the domain, as it is for my colleuge and he asked me to buy the domain, but i know vague details about it)

I emailed them, and they are willing to sell it to me.


What about price?
It was registered in 2004, but the domain/site is Not running at the moment

How do i work out how much this is worth?
it has no traffic, as the site is NOT LOADED.

It expires in April 2008, but he is willing to sell it to me.

How would i approach him about a price? What should i pay for it? a domain that isn't getting traffic, and is not uploaded?

i don't want to sound desprate, or he will raise the price.

What offer should i make?

Any tips/ advice? from Experience ? ?

+What are the NEXT LEGAL STAGES, after price has been decided?
 
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