Barbara Corcoran emphasized the importance of realistic pricing for celebrities selling high-value real estate, pointing out that frequent price reductions can deter potential buyers.
Corcoran advised that consistently lowering the price may suggest to buyers that the seller is in distress, prompting lower offers and making it harder to sell.
She highlighted the issue of the mansion tax and noted that many A-listers, like Kylie Jenner and Ciara, have struggled to sell their high-priced homes.
In discussing the real estate market, Corcoran pointed to the challenges faced by celebrities who aim for significant profits but often list their properties unrealistically.
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