A reverse mortgage domain name fetched a hefty purchase price of $600,000 last week.
The domain, reversemortgages.com, sold July 31 to an undisclosed buyer, according to online publication DN Journal.
“Blockbuster domain sales continued their comeback this week with a pair of six-figure sales totaling close to one million dollars,” DN Journal reported. “ReverseMortgages.com took over the #2 slot on our all-extension Year-to-Date Top 100 Sales Chart after changing hands for $600,000 in a deal co-brokered by Igloo.com and DomainNameSales.com.”
The $600,000 price tag placed ReverseMortgages.com at a higher value than body.com, which sold in July for $380,000 and brand.com, which sold for $500,000.
The value of the domain was previously estimated to be as high as $1 million.
Written by Elizabeth Ecker
