Sister Wives news reveals Christine Brown‘s Las Vegas home has been withdrawn from the market and relisted. This is the only Kody Brown family property that still remains unsold. So, it almost goes without saying that the refreshed listing comes with a significant price cut – just over $100K. Clearly, the polygamist family is getting desperate. A price reduction usually signals the seller’s motivation. However, most buyers take that as a sign to offer even less.
Sister Wives: Christine Brown’s House Was First To List But Last To Sell
Kody Brown made the decision to move his family from Las Vegas to Flagstaff last summer. However, when they left Las Vegas, they left without selling any of their four houses on the cul-de-sac of dreams. Obviously not a wise financial move on the Kody Brown’s part. No doubt he felt that in the hot real estate market their houses would sell fast and for top dollar. Boy was he wrong!
Christine Brown was the first of the Sister Wives to jump on the leaving Las Vegas train. So much so that Christine was the first of the wives to list her home for sale and at the highest asking price. Her house went on the market almost a year ago — July 11, 2018, to be exact, for $675,000. Multiple price reductions and even a change in brokers failed to bring her a sale. So, now Christine Brown has her spacious 5 bedroom, 4 bath home relisted as of May 29, 2018, for over $100,000 less than her original ask price. That certainly shows desperation on The Brown’s part.
— Jill Torey (@ToreyJill) May 31, 2019
Meri Brown’s Home Under Contract
While Christine Brown’s hose has been relisted, Sister Wives star Meri Brown’s house is under contract. This means that Kody’s first wife has accepted an offer to sell her home. However, until it actually closes in late July, The Brown’s will not see the proceeds. Customarily escrows are 30 days in Las Vegas. However, this sale has an extended escrow period of close to 90 days. Hopefully, this long escrow doesn’t backfire on The Browns. Typically a long escrow is a sign of trouble in a real estate transaction.
Meri was the third of the Sister Wives to put her home up for sale. Her house hit the market mid-January asking $599,900. It only took 111 days and a $25K price reduction to sell. In fact, Meri’s house sold within days of the price slash. Although Kody sure felt that his gimmicky sales pitch ad for an open house extravaganza would bring a sale at the original offer price.
Sister Wives: Kody Brown In Financial Dire Straights
Money is surely tight for the Sister Wives stars. Ideally, they should have sold all their Las Vegas homes before uprooting their family from the good life they had built for themselves. However, Kody Brown’s impulsive move has caused quite a financial hardship for the clan. Not only did they purchase a large parcel of land to develop in Flagstaff, but they also secured 3 pricey rental homes and purchased another home for Christine Brown. Carrying costs on the 9 properties certainly, put a huge dent in the family’s bank account.
Now that only one of the four homes remains unsold, a sigh of relief is felt. However, the future of the family’s finances still is uncertain. TLC has yet to make a decision on whether Sister Wives will return for a 14th season. No doubt The Browns rely heavily on the TLC cash to fund their lifestyle.
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