🔑 5 Common Real Estate Myths That Could Cost You (And What You Should Know Instead)

In real estate, myths and half-truths spread fast—and they can really throw buyers and sellers off track. Whether you're buying your first home, selling a longtime property, or just dreaming about the future, it's important to separate fact from fiction so you can make smart, confident decisions.

Let’s bust a few of the most common real estate myths I hear every week here in Brevard County:

🧱 Myth #1: “You need 20% down to buy a home.”

Nope! While a 20% down payment can help you avoid private mortgage insurance (PMI), many buyers qualify with much less—sometimes as little as 3% down or even 0% with special loan programs.

Reality check: It’s more about your credit, income, and loan options than hitting a magic number.

🏡 Myth #2: “You can skip a home inspection if the house looks good.”

Even the most beautiful home can have hidden issues—like plumbing leaks, roof damage, or faulty wiring. A licensed inspector can catch things the untrained eye (or HGTV viewer) might miss.

Reality check: An inspection isn’t just for finding problems—it’s your chance to understand the home’s condition before closing.

💰 Myth #3: “Pricing high means I’ll have room to negotiate.”

This one trips up a lot of sellers. Pricing too high can actually turn buyers away before they even step inside. Your home could sit on the market too long—and that can hurt your negotiating power later.

Reality check: Strategic pricing = more interest, more showings, and stronger offers.

🔄 Myth #4: “I’ll make my money back on upgrades.”

Renovating your kitchen or bathroom can absolutely boost your home’s appeal—but that doesn’t always mean a dollar-for-dollar return. Some upgrades are more about speeding up a sale, not adding value.

Reality check: Before spending on updates, talk to a local real estate agent (like me!) about what really adds value in your area.

📅 Myth #5: “I’ll wait for the perfect time to buy or sell.”

Spoiler alert: there’s no such thing as the perfect time. Life events, interest rates, job changes, school zones—they all matter more than the calendar. Trying to “time the market” often leads to missed opportunities.

Reality check: The best time to make a move is when it’s right for you, and you’re working with someone who knows the local market.

👩‍💼 Real Talk From Lisa Ramsey

I’ve helped buyers and sellers all over Brevard County cut through the confusion, avoid costly mistakes, and feel confident every step of the way. Whether you're planning to move in 30 days or 3 years, I’m always here to answer your questions honestly—no pressure, no fluff.

📲 Let’s chat about your plans!