5 Real Estate Myths Exposed: Debunked, Demystified, and Destroyed!
The real estate market can sometimes feel like a maze of jargon, rumors, and half-baked advice. You’ve heard the myths — the ones that make you second-guess your instincts and perhaps even wonder if your local agent moonlights as a magician. Well, it’s time to roll up our sleeves, grab a magnifying glass, and bust these myths wide open. Here are 5 of the most popular real estate myths that just don’t hold water in today’s market. Myth #1: You Need a 20% Down Payment to Buy a Home Ah, the elusive 20% down payment. It’s like the unicorn of the real estate world — talked about, but rarely seen. Many first-time homebuyers are paralyzed by this myth, thinking they have to save a small fortune before they can even start looking for a home. The truth? You don’t need 20% . Sure, putting down 20% can help you avoid private mortgage insurance (PMI), but there are plenty of loan options that require much less upfront. FHA loans, for example, can let you put down as little as 3.5%. Conventional lo...