345: Real Estate Buyer Myths & Misconceptions

There are a lot of opinions floating around about buying a house and, unfortunately, many of them are just plain wrong. In this episode, Katy and Alissa dive into some of the most common home buying myths they hear from buyers and break down what's actually true.

From the classic "you need 20% down" to the idea that new construction doesn't need an inspection, these myths can cause confusion, hesitation, and sometimes costly mistakes. The truth is that buying a home is full of nuance, and having the right information (and the right Realtor!) makes all the difference.

To make things interesting, Katy and Alissa review more than 30 common buyer misconceptions and secretly choose their personal top myths along the way. At the end, they compare notes to reveal the biggest misconceptions they think buyers still believe today.

If you're currently house hunting, planning to buy soon, or just want to understand the process better, this episode is packed with helpful clarity.

Here's what we cover in this episode:

• Why you do NOT need 20% down to buy a home

• Why the highest offer doesn't always win

• The truth about inspections (especially new construction!)

• Why calling the number on the sign may not help you

• Why pre-approval is essential before touring homes

• The reality of interest rates and affordability

• The problem with waiting for the "perfect" house

• What really happens when deals fall apart

• Whether foreclosures are actually a good deal

• Why every buyer needs their own representation

Key Quotes & Takeaways

Katy: "No one gets the perfect house. Not even if they build it from scratch."
Alissa: "The highest offer doesn't always win. Terms matter just as much as price."
Katy: "Please don't call the number on the sign. You need someone representing you."
Alissa: "You can't even start house hunting until you know what you're approved for."
Katy: "A home inspection isn't a crystal ball—it's a snapshot of the house today."

Products, People & Previous Episodes Mentioned:

Episode 149: The Forever Home Myth

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