Hi, I’m Mike Bolger, and I’ve been helping people navigate the real estate market for over a decade. When it comes to buying or selling a home, there’s a lot of misinformation out there that can lead to hesitation, missed opportunities, or costly mistakes.

Today, we’re busting 10 of the biggest real estate myths that might be holding you back from making confident decisions. Let’s separate fact from fiction and set the record straight!

1. Myth: Spring is the Only Time to Sell a Home

While spring is a busy season for real estate, it’s not the only time to sell. Serious buyers are always looking, and listing your home in the fall or winter can actually work in your favor since there’s typically less competition on the market.

2. Myth: You Need a 20% Down Payment to Buy a Home

This is one of the biggest misconceptions in real estate! While a 20% down payment helps you avoid mortgage insurance, many financing programs allow buyers to purchase with as little as 5% down.

💡 Tip: Talk to a mortgage specialist to explore the best options for your situation.

3. Myth: You Can Save Money by Not Using a Realtor

Skipping a realtor might seem like a way to cut costs, but it can actually cost you more in the long run. A real estate professional provides valuable insights, negotiates on your behalf, and helps you avoid costly mistakes, ensuring you get the best deal possible.

4. Myth: All Renovations Add Value to Your Home

Not every upgrade will increase your home’s value. While kitchen and bathroom renovations often offer a great return on investment, some projects may not.

💡 Tip: Consult with a real estate expert before committing to major renovations.

5. Myth: The Asking Price is Non-Negotiable

Many buyers assume that the listing price is set in stone, but in reality, it’s often just a starting point. Skilled negotiation can make a significant difference in what you ultimately pay or receive for a home.

6. Myth: You Should Price Your Home Higher to Leave Room for Negotiation

Overpricing your home can scare away serious buyers and lead to a longer time on the market. Pricing it correctly from the start increases interest and helps you attract competitive offers.

7. Myth: The Internet Provides All the Information You Need

Online listings, home value estimators, and market data can be helpful, but they can’t replace the expertise of a local realtor who understands market trends, negotiation tactics, and the finer details of buying and selling.

8. Myth: You Should Renovate Your Home Before Selling

Some homes benefit from renovations, but in many cases, minor touch-ups and proper staging can be just as effective in attracting buyers.

💡 Tip: Get professional advice before making major changes to your home.

9. Myth: Buying the Cheapest Home in the Best Neighborhood is Always a Good Idea

While this can be a smart investment strategy, it depends on the condition of the property and its potential for appreciation. The cheapest home might come with expensive repairs that outweigh its benefits.

💡 Tip: Focus on a home that fits your needs, budget, and long-term goals—not just the price.

10. Myth: Real Estate Agents Are Just Salespeople

A great realtor is much more than just a salesperson. We act as advisors, negotiators, and advocates who help you navigate one of the biggest financial decisions of your life. My goal is to ensure your success and protect your best interests every step of the way.