Jennifer Lopez, Ben Affleck’s $65 million home sale sparks debate among real estate experts

The recent listing of a luxury home owned by Jennifer Lopez and Ben Affleck has sparked discussions among industry insiders in the Los Angeles luxury real estate scene.

The couple reportedly wants to sell the $65 million property, which was originally valued at $60 million.

According to those who spoke to TMZ, while there was some skepticism about the price in private circles, feedback suggests the figure could be a perfect fit for potential buyers.

Benjamin Bacal of Revel Real Estate provided insight into the luxury real estate market. He believes the Afflecks estate’s $65 million price tag is entirely appropriate for its luxury. Confirming the value of the property, another Los Angeles real estate agent known for working with top clients backed Lopez and Affleck’s asking price.

According to the store’s insider, the broker believes the price is reasonable given the home’s large size and the significant amount of land it occupies. The agent is said to have a potential buyer interested in the property. However, up to this point no official offer has been made.

READ ALSO: Jennifer Lopez is making travel plans amid uproar over divorce from Ben Affleck: Report

But contrary to the previous view, a third agent was skeptical. They claim that the house will not cost more than $40 million. To detail the financial impacts, the real estate agent disclosed significant costs related to brokerage fees, CA Real Estate Transfer Tax and ULA Measures, which resulted in a minimum loss of 6,000 euros. 5 million USD.

This underscores their focused approach in determining the final figure, as they anticipated impending financial difficulties.

They claim that overvaluing the listing at more than $50 million could hinder a quick sale, especially given the urgency of Lopez and Affleck’s impending divorce.

Before the agent concluded why he felt the $65 million price tag was too high, he raised a notable point. The Afflecks mansion was on the market for a significant period of time before being purchased by the former Hollywood power couple. This suggests that if there are no interested buyers, the property may remain available for purchase for a long time, perhaps as long as two to three years.

Opinions are divided on the prospects of selling the couple’s property, with some believing they are making a wise choice while others are skeptical.

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