Reality TV stars Kim Zolciak and Kroy Biermann have made a significant decision regarding their Georgia mansion. The couple, who are currently in the midst of a divorce, have reduced the asking price of their Milton, GA estate to $5,500,000. This comes after initially listing the property for $6 million in October, indicating their urgency to sell the mansion.
Key Takeaway
Kim Zolciak and Kroy Biermann have lowered the asking price of their Georgia mansion to $5,500,000, signaling their urgency to sell the property amidst their financial challenges.
The Price Reduction
The reduction of half a million dollars in the asking price demonstrates the couple’s determination to attract potential buyers. The housing market’s current sluggishness and high interest rates have likely influenced their decision to lower the price in the hopes of expediting the sale.
Financial Challenges
Kroy Biermann’s recent plea to a judge to allow the sale of the house as a means of addressing their mounting debt highlights the couple’s financial difficulties. Despite their ongoing divorce proceedings, Kim and Kroy appear to have aligned their interests in dealing with their financial challenges.
Property Value
It’s worth noting that comparable houses in the same area are being sold for considerably less, which may necessitate further reduction in the asking price. However, regardless of the final sale price, it is evident that the couple stands to make a substantial profit compared to the property’s 2012 purchase price of $880,000.
