Beverly Hills, California – Ben Affleck and Jennifer Lopez are facing difficulties in selling their luxurious mansion, with Affleck eager to reduce the price but Lopez hesitating.
According to sources familiar with the situation, the former couple’s Beverly Hills estate has been on the market for $68 million since July 2024, but it has failed to attract serious interest this year. Multiple real estate agents have advised that the asking price is too high, suggesting a 15% decrease for a successful sale. Affleck and Lopez had purchased the property for $60,850,000 in cash in May 2023, overpaying according to some realtors.
Prospective buyers in the affluent market are currently seeking deals on real estate properties, making the current price of Ben and J Lo’s mansion unattractive. Additionally, rising insurance costs in Los Angeles following devastating wildfires earlier in the year have further deterred potential buyers, with estimated insurance premiums for the estate reaching $500,000 annually.
While the terms of their divorce settlement remain confidential, Ben and J Lo seem to be at a standstill regarding the sale of their shared property. Despite their efforts to sell and Affleck’s willingness to reduce the price, Lopez’s reluctance is causing a challenge in finding a buyer.
The lack of interest in the mansion, coupled with the high asking price and escalating insurance costs, presents a significant obstacle for Affleck and Lopez in moving forward with the sale. The couple’s differing opinions on how to proceed with the sale could potentially prolong the process and hinder their ability to offload the property.
As the negotiations between Ben Affleck and Jennifer Lopez continue, the fate of their Beverly Hills estate remains uncertain, highlighting the challenges they face in parting ways with their shared property. With the real estate market demanding competitive prices and favorable deals for buyers, the couple’s struggle to attract interest in their mansion reflects the unpredictable nature of the housing market.