Real Estate Myths to Stop Believing This Summer

The summer real estate market in Maine is full of opportunity — but also full of misinformation. Whether you’re buying, selling, or just exploring your options, it’s time to set the record straight. Here are some of the most common real estate myths that could hold you back this summer — and the truth you need to know.

Myth 1: Summer Is the Only Time to Sell

While summer is a busy season, it’s not your only chance. Serious buyers shop year-round, and fall often brings motivated buyers looking to close before winter. Don’t assume that if you miss July or August, you have to wait another year.

Myth 2: You Don’t Need an Agent in a Hot Market

Even in a competitive market, a skilled local agent can help you price your home right, negotiate effectively, and avoid costly mistakes. Selling or buying solo might seem like a way to save money — but it often costs more in the long run.

Myth 3: Overpricing Leaves Room for Negotiation

Pricing too high can scare off buyers and leave your home sitting on the market. In today’s market, buyers are savvy and have plenty of choices. A realistic price attracts more attention — and can even lead to multiple offers.

Myth 4: All Waterfront Homes Are Out of Reach

While Maine’s coastal properties command premium prices, there are still affordable options — especially inland or with partial views. Work with a knowledgeable agent to discover hidden gems that fit your budget.

Myth 5: You Should Wait for Rates to Drop Before Buying

Mortgage rates are higher than a few years ago, but waiting may mean missing out on a great home or paying more as prices continue to rise. You can always refinance later if rates fall.

Bottom Line

Don’t let outdated assumptions keep you from making a smart move this summer. The Maine market offers opportunities for both buyers and sellers — but success comes from informed decisions, not myths. Partner with a trusted local agent, stay realistic about pricing and timing, and make the most of what this season has to offer.