345: Real Estate Buyer Myths & Misconceptions

Hustle Humbly Podcast

Alissa Jenkins & Katy Caldwell

Entrepreneurship, Business

4.9 • 914 Ratings

🗓️ 16 March 2026

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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

All products and free resources are located at hustlehumblypodcast.com.

Want to toast someone on the show?
Send us a voice or video message with your name, who you're toasting, and why! Email it to team@hustlehumblypodcast.com.

Leave us a review at http://ratethispodcast.com/hustlehumbly

Transcript

Click on a timestamp to play from that location

0:00.0	sacrifices will be made. No one is getting exactly what they want perfect. Not even if they
0:07.4	built their house from scratch. I was going to say, even if you build. If you don't have data
0:13.6	to support the number you're throwing out there, you're wasting your time and everyone
0:17.8	else's time. I've had some really cocky people get so
0:23.2	frustrated with me because I was so insistent that we knock out the pre-approval
0:27.8	before we's house hunt and they had to do the call of shame. Any other term
0:34.7	besides I'm giving you your list price, that's not a full price offer.
0:39.5	And to be fair, there are contingencies of all kinds within an offer besides just the price.
0:46.5	No house is perfect.
0:48.5	Houses require maintenance.
0:50.3	That is the nature of the beast.
0:54.6	Nothing annoys me more than when someone says, well, we're buying our forever home.
0:59.6	Forever.
1:00.2	Like, that's very sweet.
1:01.8	Forever.
1:05.2	Hi, y'all.
1:06.1	Welcome to Hustle Humbley.
1:07.3	It's Alyssa and Katie.
1:08.8	And we are two active realtors in the Baton Rouge market.
1:11.7	We work for two different companies where we should be competitors, but we have chosen
1:15.2	community over competition. The goal of our podcast is to encourage you to find your own way in business.
1:20.6	So stop comparing yourself and start embracing your strength.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Alissa Jenkins & Katy Caldwell, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Alissa Jenkins & Katy Caldwell and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.