| December 2, 2013

Why We Don’t Listen to Housing “Experts”

If you’ve ever bought a home or even considered it, chances are you didn’t consult an expert first. You asked your friends and family for advice.

“Professionals involved in the home-buying process lag far behind when it comes to where consumers go first for information about what they overwhelmingly admit is a complicated undertaking,” says Eileen M. Fitzgerald, CEO of NeighborWorks America, an association of affordable housing professionals.

Fitzgerald’s company recently surveyed 1,000 adults who were thinking about buying a home – and found…

39 percent of people thinking of buying a home first seek advice from friends and family who own their home, while Realtors and mortgage lenders are approached just 16 and 9 percent of the time, respectively. Interestingly, the Internet is the second-most-used source of homeownership information at 17 percent.

So why are friends, family, and even the Internet perceived as more trustworthy? The answer is simple: Home-buying is complicated. The survey revealed, “75 percent of Americans agreed (42 percent strongly) that the home-buying process is complicated. Young homebuyers consider the home-buying process even more complicated, with 86 percent of respondents under 30 years old agreeing (60 percent strongly agreed).”

These numbers seemed to shock Fitzgerald, who especially urged those in financial trouble to seek expert guidance: “Friends and family could provide important support during a very stressful process, but the first step for people facing foreclosure should be to talk to their lenders and then to a housing counselor.”

We couldn’t agree more. There are so many different types of home loans out there, so you need to be careful and do your research to find the loan that will not only benefit you now but in the future. A HUD-approved housing counselor can provide the critical advice you need to be successful.

It’s confusing enough for homebuyers who have the money to meet all the terms of the loan. It’s even worse for those in financial distress. Which is why the 20-year-old nonprofit offers a half-dozen services that include:

If you have questions for a HUD-approved housing expert, all Consolidated at 1-800-435-2261. Don’t just rely on your friends and family.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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