Tons of site owners will let their domain expire for one reason or the other. And all of these are up for grabs. People buy them because they like the domain, they've been eyeing it for a while now, some buy it for link building, and others flip it.
The concept of flipping is simple: you buy something at a cheap price, and then sell it for a higher one. Sometimes people just set a high price and sell it. But there are others that take the time to improve on the site a bit to ensure that people will purchase it for the set price.
You can always sell your domains on your own; post it on your site, or social media page, or in a forum, you're known at. But nothing beats selling it at notable domain marketplaces.
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