Michael Jordan had to lower the price of his house three times but still no one wants to buy it. Find out why.
Selling your house is not being easy at all for Michael Jordan. The former Chicago Bulls star has been trying to sell his Chicago mansion since 2012. Jordan initially asked for $29 million. However, due to a lack of buyers, the property had to be lowered several times, eventually dropping to $12 million. That is, less than half of the original asking price.
The reason for selling the house, Michael explains, is that the house is too big for him. He said that his children have grown up and no longer live with him, so it is too big for two people and that is why he wants to stay in his house in Florida, which is warm and smaller.
What Michael Jordan’s mansion for sale looks like
The mansion has 9+ bedrooms, 18 bathroomsa smoking room, golf course, basketball court with the Jordan logo, tennis court, mini-cinema, games room, infinity pool and a wine cellar that has room for more than a thousand wines. Outside the mansion has a heated pool and a guest house with three bedrooms and three heated garages.
The problem of why the house cannot be sold is not the price, but It is very personalized to Jordan’s tastes and his career. So, real estate agents believe that it is unlikely that anyone would want to own a mansion with so many basketball symbols and that for that reason, the buyer must most likely be a fan of the sport, of the team or of Michael Jordan himself.
Source: Ambito
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