HomeTools.com sold on NameJet today for a staggering $6,000. When I noticed it going up and up today I had to ask myself, Why? Am I just plane missing something about this domain name? It has practically no backlinks, gets no traffic by any of my indications. The keywords themselves seem to be akward. I dont think Ive ever used the phrase “Home Tools”. Even the phrase “Home Tools” only appears on google about 670,000 times. The .net is parked on a coming soon page and the .org Im not even sure qualifies as a developed site.
So, whats the deal? Is it the spirit of competition thats driving these prices up? Or is the high bidder out of his/her mind? (On a side note, the winning bidders handle on NameJet, is “fool”). If I’ve missed something, please don’t hesitate to correct me, I am genuinely curious why this domain sold for so much.