Real estate is full of advice—some helpful, some outdated, and some flat-out wrong. These myths can cost buyers and sellers time, money, and missed opportunities. Let’s clear things up. Myth #1: You Need 20% Down to Buy a Home Reality: Many buyers purchase with 3%–5% down , and some loans allow 0% down for qualified buyers. Waiting for 20% often means: Paying rent longer Missing appreciation Facing higher prices later The right down payment depends on your finances—not a ru