If you’re thinking about buying a home, you’ve probably heard it all—well-meaning advice, outdated tips from a completely different market, and “facts” that sound official but don’t hold up in today’s real estate world. This is especially true for relocating professionals like physicians, who often face unique timelines and financial situations that don’t fit the traditional mold.
The truth? A lot of what floats around as common homebuying knowledge is either misleading, outdated, or just flat-out wrong. And it could keep you from opportunities that are actually a great fit.
Let’s talk about a few less obvious myths that might be working against you:
Myth #1: You need perfect credit and zero debt to get approved
Credit score and debt-to-income ratio matter—but they’re only pieces of the puzzle. Many buyers are surprised to learn that lenders take a holistic view of your finances. For physicians, for example, student loan debt is often treated differently, especially when using physician-specific loan programs. The key? Partnering with a lender who understands your situation and specialty.
Myth #2: You should wait until you’ve “settled” before buying
For relocating professionals—especially those just finishing residency or fellowship—it can feel premature to think about buying. But in many cases, you’re locking in years of high rent without building any equity. Some physician loans even allow you to close before starting your new job, using your contract as proof of income. So if you’re moving for work, it may be worth having the conversation sooner than you think.
Myth #3: New construction is easier
New homes seem like a smoother path - and I definitely love new construction - but they often come with hidden complications. Higher deposits are often required up front (sometimes non-refundable), and many builders will strongly encourage or even require you to use their preferred lender, which can limit your financing options. Some buyers are caught off guard by construction delays, unexpected upgrade costs, or contracts that heavily favor the builder. If you’re relocating, especially on a tight timeline, those delays can add extra stress and expense. The “easy button” might not always be the fastest—or the best—fit for your needs.
Myth #4: You can just work with the listing agent
This one comes up more than you’d think, especially with buyers relocating from out of town. While the listing agent legally represents the seller, many buyers assume they can guide them through the transaction. You deserve someone who’s truly in your corner—especially when navigating inspections, repairs, contract timelines, and community fit from a distance. A local buyer’s agent can save you time, stress, and potentially a lot of money.
Myth #5: You have to have it all figured out before reaching out
This might be the most common (and the most limiting). You don’t need to know your exact budget, move-in date, or neighborhood before starting the conversation. A good real estate advisor will help you figure those things out along the way—and connect you with other professionals like lenders, inspectors, and attorneys when you’re ready.
What’s worth knowing?
There’s no perfect timing or one-size-fits-all path to buying a home—especially if you’re moving for work, starting a new role, or balancing big life changes. And while the internet is full of advice, nothing replaces a tailored conversation based on your life and goals.
If you’re a physician (or working with one), relocating to Florida, or just unsure where to begin—let’s talk. I’ve been there, and I help clients navigate it every day.
