Celebrity real estate often sells for more than its fair market value. People want a house with history, especially if that history is fashionable and fabulous. But Real Housewife Kim Zolciak may have overestimated how much Georgians might be willing to pay for her Atlanta townhome.
Granted, it is a beautiful home. It’s 3,396 square feet, with three bedrooms and three and half baths. But, Ms. Zolciak might have been a little delusional when she first put the house up for sale at $568,700. Other models in the same neighborhood with the same floor plan are listed at $400,000 and $445,000. Zolciak has now reduced her asking price to $499,000, which is still significantly more expensive than similar listings.
Kim paid $486,000 for the house when she bought it in 2006, and of course she wants to make her money back, but in a market where no one is making their money back, I’m not sure her reality-style celebrity is going to seem worth almost $100k to a potential buyer.