The Top 3 Real Estate Myths Debunked – What You NEED to Know Before Buying or Selling

Real estate is full of myths that could be costing you time, money, and opportunities. You’ve probably heard things like:

?? "Spring is the only time to sell!"

?? "You MUST put 20% down to buy a home!"

?? "Overpricing your home means you’ll get higher offers!"

?? Here’s the truth: Believing these myths could delay your dreams, drain your wallet, or cause you to make the wrong move. Let’s clear up the confusion and debunk the top 3 real estate myths once and for all.

?? Myth #1: You Need a 20% Down Payment to Buy a Home

?? Reality: You can buy a home with as little as 3-5% down!

Many buyers delay homeownership for years because they think they need to save up 20%—but that’s simply NOT true.

? FHA loans require as little as 3.5% down

? Conventional loans can go as low as 3% down

? VA & USDA loans = 0% down for eligible buyers

?? Why this matters:

• Waiting to save 20% could mean home prices rise before you buy ??
• A lower down payment lets you invest your cash elsewhere instead of tying it all into the house

?? Pro Tip: Instead of focusing on the down payment amount, focus on getting pre-approved and understanding your monthly payment.

?? Myth #2: The Best Time to Sell is Spring—Any Other Season is Bad

?? Reality: Homes sell ALL year long, and seasonal trends aren’t as predictable as they used to be.

While spring and summer can be busy seasons, they also mean higher competition. Fall and winter sellers often get:

? More serious buyers – Fewer “just browsing” shoppers

? Less competition – Meaning your home stands out

? Quicker sales in the right markets

?? Why this matters:

• Buyers are ALWAYS searching—online real estate listings don’t take a winter break!
• Mortgage rates and inventory have a bigger impact than the season itself

?? Pro Tip: The best time to sell is when YOU are ready, not just because it’s spring.

?? Myth #3: Overpricing Your Home Means You’ll Get Higher Offers

?? Reality: Overpricing often leads to LOWER final sale prices.

Many sellers think they can start high and negotiate down, but what really happens?

? Fewer buyers show interest – High price tags scare them away

? Longer time on market – Homes that sit too long look undesirable

? Price reductions look bad – Frequent drops make buyers think something’s wrong

?? Why this matters:

• Homes priced correctly from the start sell faster & attract better offers
• Buyers today are well-informed and can spot an overpriced home instantly

?? Pro Tip: Work with a real estate expert to price it competitively from day one—it’ll lead to more interest and better offers.

?? The Bottom Line: Knowledge is Power in Real Estate

?? Believing real estate myths can cost you.

? You DON’T need 20% down to buy a home

? You CAN sell your home in ANY season

? Overpricing your home can actually hurt your sale

In today’s market, understanding the facts can mean the difference between a smart investment and a costly mistake.

?? What’s the biggest myth YOU’VE heard about buying or selling real estate? Let’s clear up some misconceptions together! Drop your thoughts below! ??

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