Speaking about Kylie Jenner and Travis Scott making a similar mistake, Corcoran stated, “You have to be realistic. And I don’t think its a good idea to drop prices on expensive or lower price real estate because it always is a signal to the buyer, ‘Oh, there is a problem here’ and they immediately try to figure out what the problem is and they are cursed to make it an even lower offer. You are much better off taking the home off the market, waiting three to six months, listing with a new broker and coming out with a new listing.”

“I would say the exact same thing. Take it off the market and list it in three to six months and with a new price. You know what? It is a reality of real estate sales that famous people always pay more for the real estate and almost always over pay,” she shared before revealing an anecdote about Jerry Seinfeld.