Jennifer Lopez, Ben Affleck's $65M House Sale Sparks Debate Among Real Estate Experts

The recent listing of the luxury home owned by Jennifer Lopez and Ben Affleck has ignited discussions among industry insiders within the high-end real estate scene of Los Angeles.

The couple reportedly wants to fetch $65 million for the property, initially valued at $60 million.

Despite some doubts about the price tag within private circles, feedback suggests the figure might be the perfect fit for potential buyers, according to those who spoke to TMZ.

Benjamin Bacal of Revel Real Estate has provided insight into the luxury real estate market. He believes that the Afflecks property's $65 million price tag aligns perfectly with its opulence. Confirming the property's value, another Los Angeles real estate agent known for working with top-tier clients supports Lopez and Affleck's asking price.

According to the outlet's insider, the agent believes the price is justified given the massive size of the home and the substantial land it occupies. This agent reportedly has a potential buyer showing interest in the property. However, no formal offer has been made up to this point.

But in contrast to the previous perspectives, a third agent expressed doubt. They claim that the house will not fetch a price exceeding $40 million. In detailing the financial implications, the real estate agent reveals the substantial costs associated with brokers' fees, the CA Real Property Transfer Tax, and Measure ULA, amounting to a minimum loss of $6.5 million.

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

They claimed that overpricing the listing at more than $50 million may hinder a quick sale, especially given the urgency of Lopez and Affleck's alleged impending divorce.

Before the agent concludes why he finds the price of $65 million excessive, he raised a noteworthy point. The Afflecks mansion stayed on the market for a considerable duration before being acquired by the former Hollywood power couple. This suggests that if no buyers are interested, the property might remain available for purchase for an extended period, potentially spanning two to three plus years.

Opinions are divided on the couple's prospects for selling the property, with some believing they are making a wise choice while others are doubtful.

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Jennifer Lopez, Ben Affleck