| September 4, 2014

Singles are Serious about Owning a Home

The housing recovery includes more than just families

More singles set to buy homes

 

As the housing market recovers, more single Americans are shopping for homes. A recent survey by real estate franchise Century 21 show shows “a shift in the home-buying population,” as singles are not only tired of paying rent, they realize a home is “an investment in their financial future.”

“This survey shows that homeownership is a major life decision for singles, and that it is just as important a part of the American Dream for singles as it is for married couples,” says Rick Davidson, Century 21’s CEO.

It’s still a scary purchase for a one income, however. In the survey, 36 percent say they are “very intimidated or extremely intimidated” about getting a mortgage. Other major fears:

  • 38 percent say “negotiating a price”
  • 31 percent say moving
  • 30 percent say the closing process
  • 25 percent say “searching for and locating a home”

How to change fear into fearsome

Most homebuyers, whether single or married, are intimidated by the complexities of the process, says Consolidated Credit president Gary Herman. There’s one sure-fire way to conquer that anxiety, he says.

“Education will not only save you money, it will calm your nerves,” Herman says. “Once you learn the basics of the home-buying process, you’ll feel more comfortable meeting all the people who charge you for their services, from real estate agents to attorneys.”

Consolidated Credit offers homebuyer education and counseling and a mortgage payment calculator just for this reason, Herman says. “The reality is, first-time homebuyers are negotiating with professionals who sell homes for a living. You got to level the playing field.”

Besides offering a variety of self-help information, Herman says you can call a professional to work on your side. Consolidated Credit has certified housing counselors who can make negotiating a price, closing on a house, and getting a mortgage easier and less stressful.

Of course, single home-seekers are welcome to call. If the Century 21 survey is correct, many singles are serious about buying their first home – 60 percent say they would not go out to eat as much, 54 percent would reduce their entertainment spending, and 51 percent would cut back on vacations.

"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.

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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.

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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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