What is a domain backorder?
Domain backordering refers to a service that most domain
registrars offer which will allow you to register a domain name that
will soon be expiring in hopes of capturing the rights to that domain
name before someone else grabs it.
There is typically a period of unpredictable time, normally around three hours, in which the domain is deleted from the registrar's database when it then becomes available for someone else to register. The domain is actually not yet available when you place it on backorder. Although the current owner can not renew the domain at this point, if you are planning to buy it you have to wait until it drops.
The great thing about backordering domains is that you can backorder any domain name that you want regardless of whether it is a brand new name or one that was registered years ago. The thing to keep in mind when planning to use the backordering option however is to only backorder domains which you know will be expiring within the next few days.
You should also keep in mind that not all expired domain names can be backordered. The owner may soon renew them before they are permanently deleted by the registrar or they may possibly be on HOLD status pending the outcome or settlement of a trademark or other dispute. In cases like this the registrar will hold the domain. This is why you need to fully understand the process of backordering and which services will help you to determine the best domain names to place a backorder on.