5 Real Estate Myths Connecticut Residents Still Believe
When it comes to Real Estate, we know there is so much information out there, it can be hard to determine what is myth and what is fact! At Calcagni Real Estate, we’re dedicated to helping Connecticut residents sort through the information to know the true facts of Real Estate. Read on to learn the 5 Real Estate myths Connecticut residents still believe.
Myth 1 – Online Home Value Estimates are the most accurate way to price your home
Online home value estimates are just that, an estimate! They rely on data from reported home sales in your neighborhood to estimate what your home may sell for. What these websites get wrong is that they don’t account for the fact that every home is different. These online services do not know the actual condition of your home or the influencing factors of other homes in your area. The truth is that the best way to have your home’s value evaluated is to have a Real Estate Agent, like the Realtors at Calcagni, come in and take a look at your home.
Myth 2 – You should wait for the perfect market to move
Many people believe that if they just wait, the perfect market conditions will occur for them to sell or buy! The fact of the matter is that there is no true “perfect” time to make a move. At Calcagni, we say there’s only the perfect time for you! Waiting for prices to drop may mean missing out on a more favorable mortgage rate. Meanwhile, waiting to sell may mean that you miss out on less competition. When you have a smart Realtor who knows what’s going on in your local housing market, you don’t have to wait for the “best” time to make a move.
Myth 3 – You need a 20% down payment to buy a home
This outdated myth holds many back from homeownership. A larger down payment can reduce your monthly payment and help you avoid private mortgage insurance (PMI), but it’s not required. Today, many loan programs offer lower down payment options for potential Connecticut homeowners. You may be surprised to find 3% or even 0% down payment options for different loan programs. Your Calcagni Real Estate agent can help pair you with a loan officer who will help you find the best program for you!
4 – Looking at homes is a good first step
It might be tempting to visit open houses and scroll through online home listings. However, this may lead to heartbreak! The first step to homebuying is to get prequalified or preapproved with a lender. This will prepare you to make a strong offer and help you focus your search within the price range you can afford.
5 – Realtors are a thing of the past.
In 2026, Realtors are more needed than ever! Many people believe that Realtors are no longer necessary because of the internet. Selling or buying a home is a complicated legal process. The Realtors at Calcagni Real Estate are well-versed in every step. Using a Realtor is the best way to ensure you have someone on your side to take care of everything for you. A Realtor is familiar with everything that can affect your purchase or sale. Including current and local real estate values, taxes, costs, and services.
If you are considering a move in 2026, let the experts at Calcagni Real Estate guide you through the process. Contact us or choose your Realtor to start the process!
