7 Home Buying Myths That Could Cost You Thousands

The internet is full of advice—but not all of it is true.

Let's clear up a few of the biggest myths.

Myth #1: You Need 20% Down

Many buyers qualify with far less.

Myth #2: You Need Perfect Credit

While a higher score can help, many loan programs accept a wide range of credit profiles.

Myth #3: You Should Wait Until Rates Drop

Rates matter—but so do home prices, inventory, and your personal finances.

Myth #4: Renting Is Always Throwing Money Away

Sometimes renting is the smarter short-term financial decision depending on your goals.

Myth #5: Buying Is Always Better Than Renting

Not necessarily.

If you're planning to move again in a year or two, renting may actually cost less. In many markets, the financial break-even point for buying is several years.

Myth #6: You Should Skip the Inspection

Even in competitive markets, inspections can protect you from expensive surprises.

Myth #7: Zillow Knows Exactly What Your Home Is Worth

Online estimates can be helpful starting points—but they don't replace a professional market analysis.

Every buyer's situation is different. That's why personalized guidance matters.

Ali Rohde, exp Realty