Real estate is full of advice. Some of it is helpful. Some of it is outdated. And some of it just won’t go away.
After years of working with buyers and sellers, I hear the same myths pop up again and againoften from well-meaning friends, family, or that one internet article from 2012. Let’s clear the air and separate real estate myths from the truth so you can move forward with confidence.
Myth #1: You Need 20% Down to Buy a Home
The truth: Many buyers qualify with far less.
There are loan programs that allow as little as 3% down, and some buyerslike first-time buyers or veteransmay qualify for low or even zero down payment options. Waiting to save 20% could delay homeownership longer than necessary.
The right lender can show you options you may not realize you have.
Myth #2: You Should Always Wait for the Perfect Market
The truth: The perfect market rarely exists.
Trying to time the market can mean missing opportunities. Interest rates, prices, and inventory constantly shift. What matters most is whether buying or selling makes sense for your life right now, not headlines or predictions.
Myth #3: Overpricing Your Home Leaves Room to Negotiate
The truth: Overpricing often costs sellers money.
Homes priced too high tend to sit longer, get fewer showings, and may end up selling for less after price reductions. Strategic pricing attracts more buyers and can actually create stronger offers.
Myth #4: You Have to Renovate Everything Before Selling
The truth: Not all updates are worth the cost.
Major renovations don’t always bring a full return. Often, simple improvementsfresh paint, minor repairs, decluttering, and stagingmake the biggest impact. Knowing what not to do can save you thousands.
Myth #5: The Home Inspection Is a Pass/Fail Test
The truth: Inspections are about information, not perfection.
No home is flawless. An inspection helps buyers understand the condition of the home and gives both parties a chance to negotiate repairs or credits. It’s a normal and expected part of the process.
Myth #6: You Don’t Need a RealtorEverything Is Online
The truth: Information is online, experience is not.
Websites can show listings, but they don’t:
- Negotiate on your behalf
- Spot red flags
- Guide you through contracts and deadlines
- Protect your best interests
A good Realtor saves you time, stress, and often moneyespecially in competitive or changing markets.
Myth #7: All Realtors Do the Same Thing
The truth: Representation matters.
Experience, local knowledge, communication, and negotiation skills vary greatly. The right Realtor doesn’t just open doorsthey advocate for you, explain your options, and tailor the process to your needs.
Final Thoughts
Real estate doesn’t have to be confusing or intimidating. When you understand the facts, you make better decisionsand that’s where real confidence comes from.
If you’ve heard a real estate rule that doesn’t quite make sense, chances are it’s worth a conversation. I’m always happy to answer questions, bust myths, and help you navigate your next move with clarity and confidence.
