Sister Wives star Kody Brown said that the large mortgages on his family’s Las Vegas homes could devastate them financially. The revealed this to the cameras, which will be shown on an upcoming episode. Kody’s rather impulsive move to Flagstaff certainly wasn’t properly planned. Kody really should have had all his ducks in a row before taking on more debt.
Certainly moving to a new city before even selling one of the family’s four properties was foolish. Now as Kody Brown’s and his Sister Wives settle into life in Flagstaff, their tense financial situation warrants a family meeting of all four wives. Many fans are curious if the Brown homes in Las Vegas are still for sale. Here’s what we know.
Sister Wives: Janelle Brown Makes Sacrifices To Sell Houses For Kody Brown
Sister Wives viewers recall Kody Brown’s second wife Janelle Brown was a licensed Realtor in the state of Nevada. So, naturally she was tapped to list, market and ultimately sell the family’s four homes. Christine Brown’s home was the first to hit that market in July of 2018 with Janelle’s house following a few weeks after.
What Sister Wives fans do not know was that Kody’s wife Janelle spent nearly every weekend commuting back and forth between Flagstaff and Las Vegas t hold open houses on the two homes.
Janelle sacrificed her weekends for husband Kody Brown and her Sister Wives financial well-being,
However, as 2018 closed, Janelle Brown’s real estate license expired. Kody Brown had to relist her house and Christine’s with a different agent. He also listed for the first time both Meri Brown’s and Robyn Brown’s homes.
After six months on the market, multiple open houses, and Janelle’s time dedicated to the sales, the Sister Wives property went unsold. Of course, this came as a huge financial burden to Kody Brown and his family.
Christine Brown’s House Was First To List And Last To Sell
Did all four Sister Wives homes on the Las Vegas cul-de-sac of dreams eventually sell? Yes, but it took a much longer time than expected as well as selling for much less than they hoped. Once you factor in the carrying costs of the mortgages, property taxes, association fees, and hazard insurance, Kody Brown didn’t fare as well as he anticipated.
Christine Brown‘s house was the first to hit the market in July 2018 asking $675,000 and ultimately sold in September 2019 for $535,000.
Robyn Brown‘s house was the third list and first to sell. Her house went on the market in January 2019 asking $619, 900 and sold for $603, 000.
Janelle Brown‘s house sold next for $575,000 in April 2019. This was after being on the market since July of 2018 with an initial asking price of $649,000.
Meri Brown‘s house was the last to list and the third to sell. Her house came on the market in January 2109 asking $599,999 and sold for $574,900 in June 2109.
Sister Wives: Kody Brown Didn’t Cash Out On Top In Vegas
Kody Brown and his Sister Wives did not clear nearly as much money as they hoped for their four Las Vegas houses. Each of the houses initially cost about $450,000 each. So after expenses, the family cleared just over $400,000. That is far less than the $800,000 they paid for their Coyote Pass land in Flagstaff. Kody and his four wives could be hurting financially. It will cost a pretty penny to build each wife in their own house on the new land.
Money problems could be why Kody has a dream of having all four of his wives in one big house. Although they have lived like that at one time, the wives are not as open to Kody’s vision this time. Christine was the first to get behind this move, but now she’s the most vocal opponent of the shared house now.
Watch Season 14 of TLC’s Sister Wives starting Sunday, January 5th.
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