Kim Zolciak And Kroy Biermann are desperate for their Georgia mansion to ease their money woes…evidenced by the fact that they just dropped their asking price by quite a chunk of change.
The couple — who are still in the midst of a divorce — are now asking $5,500,000 for their Milton, GA estate… after initially listing it for $6 million in October.
Not the biggest blow in the world, but significant… and they obviously hope that the measure will encourage someone to bite. Time will tell if it works. The fact is that the housing market is a bit slow right now and interest rates are quite high.
The other thing to consider is that comparable houses in their immediate area (in some cases on the same street) cost significantly less money… so they may have to go even lower.
Remember, Kroy was recently beg a judge to allow him to put the house up for sale as a way to deal with the mounting debt they find themselves in… and it looks like he and Kim have finally gotten on the same page, despite their continued back and forth weather to argue/make up.
Whether they stay at $550,000 or drop their price a little lower, they’ll still clean up compared to what they bought this crib for in 2012…just $880,000 at the time.
At this point you think they’re going to have to take what they can get… but it seems like they’re trying to maximize that. KZ and KB are deep in the red and need every cent they can muster.