Multi-millionaire real estate mogul Barbara Corcoran reveals the WORST mistake people make when buying a home

Real estate magnate Barbara Corcoran has years of experience buying and selling real estate – and now the multimillionaire has revealed the biggest mistake she sees in people looking to buy a home.

The 74-year-old, who began her career by launching her own real estate agency in her early 20s and has since built an estimated $100 million net worth, used TikTok to share candid advice with potential homebuyers.

She began the 15-second video by asking a question: “Do you want to know what is the biggest mistake people make when buying a house?”

Barbara stood in her foyer as if about to leave the door, pausing for dramatic effect before revealing the mistake.

After sharing the advice, Barbara theatrically walked out her front door

“They’re not going back to look again!” she exclaimed.

“Then you discover the noisy neighbor, the barking dog, the party house across the street,” she continued.

“Go back and have a look,” she emphasized, before walking theatrically out the front door.

She repeated in the caption to those “on the market” as homebuyers, “Don’t forget this!”

Fans of the Shark Tank panelist flocked to the comments to praise her wisdom.

“You’re SOOOOO right,” one exclaimed.

‘Totally agree. And I used to tell clients that after the first visit they had to drive around again on weekends when people weren’t at work’, a fellow real estate professional agrees.

“A daytime look and a nighttime look,” echoed another, with another agreeing, “Even if I’m renting, I’ll go morning, noon, and night.” Weekdays and weekends.’

“I try to go on a rainy day (due to water problems) or after work to get a feel for the neighborhood,” someone else offered.

Barbara’s net worth is estimated at $100 million

Viewers flocked to the comments to praise Barbara’s piece of wisdom

“Drive around on weekends to see what the neighborhoods are like,” adds a supporter.

‘Various trips in the area. Different days and times of the week. Barbara is such a queen,’ gushed another.

One commenter apparently learned his lesson the hard way, writing, “Tell me about it! We made that mistake.’

Another said, “I also rent apartments in NYC!” — to which the reality show persona replied, “Just as important!”

Barbara made her fortune of an estimated $100 million as the founder of The Corcoran Group, which she sold to NRT Inc. for approximately $65 million in 2001. sold.

This isn’t the only sage advice the entrepreneur has recently given.

During an appearance last month on the CNBC show Make It, she claimed to have “never saved a dime in her entire life.”

Her reasoning, as she explained, was that it takes money to make money.

“I think the carefree attitude of believing that money makes money if you’re willing to share and spend it really works,” she said.

“Or at least it certainly worked for me.”

The mogul has built up an impressive portfolio of personal properties over the years, including a $1 million mobile home in a trailer park in Los Angeles, which she recently showed off on TikTok.

From the outside, the property looks like any other mobile home, with its cream siding, blue shutters and wooden steps leading up to the front door

The mogul has also built up an impressive portfolio of personal assets over the years, including a $15 million penthouse in New York City and a $1 million mobile home in a Los Angeles trailer park, which she was happy to show off in a recent TikTok.

Last month, Barbara TikTok star Caleb Simpson, 31, gave a tour of her double width in Pacific Palisades for his viral video series exploring interesting living spaces in New York City and around the world.

“Who would have thought that Barbara Corcoran would have her own caravan?” he asked at the beginning of the video.

“It’s called a double-wide,” she corrected him.

From the outside, the property looks like any other mobile home, with its cream siding, blue shutters and wooden steps leading up to the front door.

But the inside is an immaculately appointed oasis of calm with floor-to-ceiling glass doors and a deck overlooking the ocean.

“Here’s my Taj Mahal,” Corcoran said after opening the Dutch door of her home away from home. “Everything is small.”

The businesswoman told Simpson that she spent $800,000 on the house itself and then put another $150,000 into it.

“So you live in a million-dollar house,” she pointed out.