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Celebrity Real Estate Agent Josh Altman
Ben & J.Lo will likely lose out…
$65 million home sale
June 12, 2024 4:53 PM PST
Josh Altman To tell Ben Affleck and Jennifer LopezThe mega mansions are appropriately listed for sale for $65 million…because they're probably going to take a hit, and that's factored into the price.
We met with the celebrity real estate broker, who has represented a host of stars, in Los Angeles on Wednesday, and he explained why he thinks the high prices for their properties are justified. I'm quietly trying to sell itin fact it's perfect…getting into the nitty gritty with us.
Check it out…JA says he knows their property very well and thinks they got it for $60 million. I bought it last year — But California's new mansion tax has already put them in the red by about $6 million, not to mention paying fees.
That's why he thinks Ben and Jen's managers encouraged them to sell the palace for $65 million, which would essentially put them at break even.
Josh is optimistic they can make it, but other sources say they will lose even more. At this point, it remains to be seen who, if anyone, will take the bait.
TMZ.com
Josh shared some more insight in our chat, touching on the fact that stars buy and sell homes in short order for a variety of reasons, though in this case, it's clear that BA and JL are looking to sell. Marriage is in danger.
He also mentioned the type of buyer who would be looking to buy the property from them, and spoiler alert… it'll be someone big-time and with plenty of cash.
TMZ Studio
Interesting interview with Josh…he's definitely well versed in the Los Angeles real estate world. Let's see if Ben and Jen can move this property…it's ridiculously expensive, especially in 2024.
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