'Forget about Florida' and 6 other key pieces of real estate advice from Barbara Corcoran

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Barbara Corcoran is the founder and former owner of the firm, The Corcoran Group, a real estate company she founded in 1973 and sold in 2001 for $66 million.

The entrepreneur hosts the hit podcast "Business Unusual with Barbara Corcoran" and has written several books, including "Shark Tales: How I Turned $1,000 into a Billion Dollar Business!"

"People fall in love with the house and think at that moment in time it's their new house," she said. "No, you got to see it in the morning and you got to see it at night. Do your snooping."podcast, Corcoran said she believes it's best to buy a property by putting at least a 20% downpayment on a place where the area is rising in demand.

To make the living room seem more spacious, buy a bigger rug, Corcoran adds: "Buyers will judge the size of a room based on the size of the rug."

 

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