Only the new domain owner can assess the value of a domain name. Facebook just bought face.com for a reported $100 million dollars. Sex.com sold for $12 million dollars.
The question you need to ask yourself...what is the value of this exact domain name to my business? Here are a few things to consider:
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.com domains are clearly the most dominant and powerful domain names. Many consumers make false assumptions such as "real" companies use .com. You should notice that you can choose the name of most major companies, add a .com to it and wind up on their site. McDonalds, facebook, google, sears, apple, citibank, etc.
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If you do not use a .com name, you can likely expect a percentage of potential visitors to wind up on the .com site while trying to find your site. If the .com site offers a competing product for a good price, the visitor may never make it to your site
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Even if you had a very small web business which generated $10k in sales per month, that is $120k/year. That alone can easily justify spending 1% of your first year's sales for a domain name.
It is most site owner's dream to obtain a perfect match .com name for their company. If you are on SEOmoz you clearly care about your site's performance. I frankly can't understand the slightest hesitancy at purchasing a $300 domain. If it was $3000 for a perfect match .com name, no hyphens, my advice would still be the same.
I agree with EGOL. When you purchase an unregistered domain name, it should be working for you in a matter of hours. If you purchase a domain from an individual or company, it takes time for the transfer to go through.