Ben Affleck & Jennifer Lopez
Slash Bev Hills Home Price by $8M
Ben Gets His Way!!!
Published
Ben Affleck and Jennifer Lopez are officially willing to take less for their massive marital home … cutting the price by $8 million — even though J Lo really didn’t want to.
The famous exes cut the price of their Beverly Hills estate from $68 million to a touch under $60 million … a massive $8-mil price drop.
The home’s been on the market for nearly a year now … so, it makes sense the couple’s willing to take the L and take a lower price — though our sources have been clear that Jennifer was willing to wait it out.
Sources with direct knowledge told us Ben was motivated to sell the home … actively looking to lower the asking price. Jennifer, on the other hand, was dragging her feet — preferring to stay at the $68 million price point.
Clearly, something changed Lopez’s mind … ’cause the house costs significantly less now — which is good because realtors told us the old price was too darn high for many potential buyers.
Rising insurance costs also hurt the property’s value, according to our sources — who say anyone willing to pony up the cash for the place needs to also spend half a million dollars a year just for insurance.
TMZ.com
J Lo and Ben finalized their divorce in February … and, their settlement includes a confidential agreement on the house.
We’ll have to wait and see if this price cut entices the buyers Ben & Jennifer need … or, if they’ll need to take an even bigger loss instead.
Content shared from www.tmz.com.