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I want to buy a domain but everywhere I go they tell me that domain costs $ 4000 who or what determines the value of this domain and why is it so high?

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that is not true for new domains, I think your are trying to buy an old domain, instead buy a new domain you can get at very cheap rate everywhere try godaddy.com, one.com. .... –  Bala May 6 at 13:50
    
@Bala it says that domain was created 2003 and is owned by buydomains.com, so that means they purchased it and now are selling for that price? –  skmasq May 6 at 14:07

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If it is a premium domain, then yes, it will be worth $4000. An example of that is exda.com, which I wanted to buy. I on the .org version for $10 a year. As for a description, from Google, they say:

A Premium Domain is a domain name that is already registered and owned by someone, but made available for sale. Prices for Premium Domains range from a few hundred to a few thousand dollars depending on the specific domain and current market influences.

A few other requirements that make a domain premium is:

  • Short names and acronyms
  • Ussually .com or a domain like date.me
  • One-word or brandable names
  • Domains with high traffic and search volume

You could try the .net, or .org version of the domain which you want, than maybe you can get that instead of the actual one you are looking for. The reason why I am saying this is because, by the question, you do not have the $4000 to pay for the one you really want.

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You are correct I do not have that amount of money at this time, and I just wanted to make sure that it is not a scam. –  skmasq May 6 at 14:19

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