Paris Hilton home did not appraise for the sale price

We know that Paris Hilton has wanted to sell her house, well she has had a bit of a setback as her home did not appraise for the sale price. There have been a number of reports that say that the house went into escrow for $4.2 million, although Mauricio Umansky, Hilton’s realtor has said that it has a purchase price just lower than that figure.

Reports say that the highest appraisal that Paris received was $3.6 million, but this price is to include some furniture and also chandeliers which have a total worth of about $600,000 and $700,000, Hilton’s uncle has said that just one chandelier is worth at least $40,000 as it was made by Baccarat and just twelve of them were made.

A married couple from Texas has agreed the purchase price and that they are paying almost all cash with a suspected $1 million loan, it is thought the couple will move into Paris Hilton’s pad in the next week.