5 Real Estate Myths That Could Cost You

Andy Schildhorn • August 28, 2026


Do you really need 20% down to buy a home? 🤔

Should you wait for interest rates to fall? 📉

And is the first offer always the best one? 💰

 

In this edition of ASK Thursday—Answers, Strategy and Knowledge, Andy Schildhorn and Kylene Shannon put five common real estate beliefs to the myth-or-fact test! 🕵️‍♂️🕵️‍♀️

 

🏠 What we discuss:

👉 Whether buyers actually need a 20% down payment

👉 If spring is genuinely the best time to sell

👉 Whether waiting for lower interest rates is a smart strategy

👉 Why the first offer may not be the strongest offer

👉 Whether all Realtors provide essentially the same service

 

⚡ We also finish with a rapid-fire round covering open houses, renovations, new-home inspections, buying before selling, and BC Assessments

 

The truth is, real estate rarely has one-size-fits-all answers. Your finances, property, timeline, and local market all matter—and that’s where experience and a thoughtful strategy come in. 🧠

 

💡 Have a real estate claim or question you’d like us to fact-check? Leave it in the comments or send it to us for the next monthly edition of ASK Thursday! 👇

 

📞 Let's chat about your real estate goals:

 

🏦 Looking for mortgage advice?

  • Contact our trusted partner:
  • Cindy Bendixen,
  • Phone: 604.649.9388


 

 

 

 

 

 


Share this article

Recent Posts

By Andy Schildhorn • October 16, 2026
Sales climbed 22% to 242, while new listings rose 18% to 655, reversing the previous two weeks of declining activity. The gap between original list and sale price narrowed from 7.6% to 5.6% , suggesting less aggressive negotiations. It's an encouraging rebound, although buyers remain selective and competitive pricing continues to matter .
By Andy Schildhorn • October 15, 2026
For generations, there was a broadly understood baseline for homeownership in British Columbia. Details Here
By Andy Schildhorn • October 7, 2026
SURREY, BC – Fraser Valley home buyers remained cautious despite continued weakening prices, as September sales failed to keep pace with the seasonal rise in new listings. The Fraser Valley Real Estate Board recorded 922 sales on its Multiple Listing Service® (MLS®) in September, a two per cent decrease from August and four per cent below sales from the same month last year. Subdued demand continues to weigh on prices, with the composite Benchmark price for a typical Fraser Valley home falling one per cent in September and seven per cent from one year ago.
By Andy Schildhorn • October 4, 2026
A new 300-seat addition is coming to the Willoughby neighbourhood in Langley to support secondary students and their families. 📌 Details Here
By Andy Schildhorn • October 4, 2026
Improved affordability, shrinking housing supply and growing public anxiety over homeownership are creating a complicated outlook for Canada’s housing market, according to speakers at the summit hosted by the Residential Construction Council of Ontario. 👉 Details here
By Andy Schildhorn • October 3, 2026
Since I'm a sailor, I went with an Orca instead of a puppy and I found this photo courtesy of Oak Bay News of "Baby Orca in Victoria harbour" 🐶 Let's go to L APS 🐱🐾
By Andy Schildhorn • October 3, 2026
By Andy Schildhorn • October 2, 2026
Sunshine returns to Langley this weekend, with Highs of 23°C on Saturday and Sunday! Check out the cam 👀 216 St & Fraser Hwy (Looking East)
By Andy Schildhorn • October 2, 2026
Two opportunities to come take a look this weekend! Visit one or stop by both! We’d love to show you around. 22853 SAILES AVE, Fort Langley 📌 Saturday, October 3rd 📌 1:00 – 4:00 PM 📌 Details here  23080 96 AVE, Fort Langley 📌 Sunday, October 4th 📌 1:00 – 4:00 PM 📌 Details here
Show More