Barbara Corcoran Recommends Affordable Real Estate in These Areas

Barbara Corcoran, the renowned real estate mogul and money expert, recently shared some valuable insights on the housing market during a guest appearance on “Elvis Duran and the Morning Show.” Corcoran’s advice for those looking to find affordable real estate at a great value is sure to catch the attention of potential homebuyers.

As the conversation turned to the recent migration boom to Florida during the COVID-19 pandemic, Corcoran suggested that if Florida is no longer an option for potential buyers, they should consider looking elsewhere for great housing value. Specifically, Corcoran recommended targeting areas with poor school districts where prices are low, particularly for buyers who don’t plan to raise children and are looking for a cheaply priced home.

Corcoran also advised looking in the South, excluding the hot spots, as there are always opportunities to find inexpensive houses to purchase. She emphasized that there are plenty of affordable housing options available if buyers are willing to explore less popular areas.

One interesting question raised during the interview was regarding the legitimacy of extremely low-priced homes for sale overseas. Corcoran confirmed that these offers are not scams and shared her personal experience of exploring such homes in Italy. She noted that while the prices may be enticing, potential buyers should consider the lack of inhabitants in these towns before making a decision to purchase a property abroad.

When asked about the best time to buy a home, Corcoran’s response was clear – it’s always a good time to buy. She emphasized the importance of getting into the real estate market early to establish a foothold. Corcoran also urged buyers to view purchasing a home as more than just an investment, emphasizing the significance of creating a space to raise a family and create lasting memories.

Overall, Barbara Corcoran’s advice provides valuable insights for prospective homebuyers seeking affordable housing options. By considering her recommendations and exploring lesser-known areas, buyers may find hidden gems in the housing market that offer great value for their money.