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Britney Spears Home Back on the Market

After trying to get rid of her Los Angeles home once and failing, Britney Spears is hoping that she can shift the property at a bargain price.

The Toxic singer is prepared to swallow her pride and is selling her home for more than $4million less than she paid for it.

The huge loss that she will be making on the property is barely a drop in the ocean for the singer who is worth an estimated $155million.

Nevertheless, the huge decrease in price is a sign that the 30-year-old is desperate to get rid of the luxury property.

After purchasing the Mediterranean-style villa in 2007, Spears is taking a hit by selling it for only $2.995million, according to the Multiple Listing Service.

The property boasts five bedrooms, six bathrooms and it has around 7,500 square feet of living space.

Britney, who has two sons, Sean Preston Federline, six, and Jayden James Federline, five, originally put the family home on the market in 2008 after having lived there for just one year.

With a back yard that opens up into a swimming pool and spa area, it is an enviable property situated in the exclusive Summit gated community in Beverly Hills.

Although the singer has listed the property at a low price, the small print does say that this will be a 'probate sale' and 'subject to court confirmation'.

The Summit area is revered as one of the most expensive and exclusive places to live in Los Angeles, although there is some debate as to whether it is classed as being in Beverly Hills or Studio City.

Britney has hardly spent anytime in the villa and has recently concluded her six-month tour to promote Femme Fatale.

With so many large rooms and high ceilings, Britney shouldn't have any trouble finding a buyer now, especially at such a bargain price. It is believed that the star wants to get rid of her old home for good so that she can fully start her new life withe fiancé Jason Trawick.

The couple spend most of their time together in Las Vegas and it most likely that they will tie the knot in the city famous for its gambling and bright lights.

For full article including images, click here

Source: dailymail.co.uk March 8, 2012

 

 

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