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5 Key Tips to Help You Sell Your Home Faster

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Zillow, Home Buyer, Sell home


African Americans reported spending $47,953 to sell their homes as of 2022, including this yr. According to a recent report by Clever Real Estate, these sellers could have sold their homes for an extra $50,000 had they used different strategies.

The study involved 1,014 Americans. who sold the home between 2022 and 2024, including 91 Black Americans, to gather information in regards to the home selling process and related costs. The survey was conducted in May 2024.

Jaime Seale, the creator of the report, assured BLACK ENTREPRENEURSHIP evaluation of multiple findings related to Black Americans. According to Seale, the everyday homeowner in 2024 spent about $54,616 on the sale, with 42% saying the price was higher than expected.

For black sellers, 95% said they’d have made different decisions about selling their home in the event that they had known the true costs. Many imagine they might have made an even bigger profit with a wide range of strategies. These include waiting for more offers (30%), accepting one other offer (27%), negotiating more with the client (26%), listing the house at a better price (24%) and negotiating commission with their agent (22%).

“When their home goes on the market, most sellers are so focused on how much they expect to make that they forget that selling the home also costs money—a lot.”

Seale shared that the high costs of selling a house, including the commission that eats into profits, are making income much lower than it was just a few years ago. She noted that 34% of black sellers said they’d wait until home prices rose to sell.

“Despite less favorable market conditions, we found that retailers still believe they could make a significant profit if they just took a few cost-cutting measures,” she said.

The excellent news is that 73% of black sellers made a profit, earning a mean of $111,500. That was greater than the common profit of $100,000 for about 64% of sellers. Searle identified that black sellers who used an agent and made a profit sold their homes for $30,500 greater than those that made a profit and didn’t use an agent.

Meanwhile, the most important expense for home sellers is often the true estate agent’s commission. Searle explained that currently, under the commission model, sellers are accountable for paying about 5% to 6% of the ultimate sale price of the house—split evenly between the client’s and seller’s agents. For an average-priced home, she says, that may be as much as $21,600.

She emphasized that the majority of the expenses, including price reductions and repairs, are related to selling a house and are lower for black Americans than for the final population. “The typical value of black-owned homes in the U.S. is 18% lower than the typical value of white-owned homes,” according to report.

Cutting costs on selling a house can depend upon the vendor’s priorities and the compromises they’re willing to make. Seale says that buyers who prioritize selling quickly might want to put money into repairs that can make their home more appealing and attract more buyers, but they don’t need to spend money on repairs in the event that they’d moderately get monetary savings and aren’t in a rush to sell.

While these can increase the prices of selling a house, Seale suggested five ways homeowners should consider to sell their home faster:

  1. Stage your own home to highlight its best features and help buyers imagine themselves living there.
  2. Hire knowledgeable photographer. (*5*) advises Seale.
  3. Work with an experienced real estate agent to set a competitive price. Overpricing can scare away buyers and extend the selling process, while underpricing may end up in lost potential earnings.
  4. “Offer buyers concessions, such as paying some of their closing costs. This will widen the pool of buyers, especially those who are struggling with affordability,” Seale notes.
  5. If you don’t want to compromise, iBuyers or We Buy Houses will quickly make offers. However, most of them pay well below market value for homes.

Seale says sellers could also be willing to accept additional costs depending on the circumstances, akin to needing to sell quickly or relocating for work.


This article was originally published on : www.blackenterprise.com
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Black-owned brand redefines vodka with first-ever organic hemp-infused vodka

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Fiyori Vodka changes the foundations of the alcohol industry, offering a singular combination of luxury and well-being.

Founded by Clarence Darkwa and COO Jay Black, Fiyori is the world’s first organic vodka with hemp. It offers a smooth, sophisticated drinking experience combined with the health advantages of organic hemp seeds. As black entrepreneurs in a white-dominated industry, Clarence and Jay have overcome challenges and broken barriers to create a product that stands out and is leading a brand new wave of wellness-conscious spirits.

BLACK ENTREPRENEURSHIP We caught up with the founders to debate their journey, the innovation behind their brand, and the way Fiyori is poised to disrupt the market.

BE: What inspired you to create Fiyori and the way did the thought for an organic hemp-infused vodka come about?

Clarence and Jay: Fiyori was inspired by the need to create a premium vodka that not only tasted exceptional, but in addition offered health advantages. Known for its wealthy dietary profile—filled with essential fatty acids, proteins, and antioxidants—hemp seeds were a natural alternative. We desired to mix wellness with pampering, and so the thought of ​​an organic vodka infused with hemp was born. Fiyori was a product that combined one of the best of each worlds: premium vodka and the advantages of organic hemp seeds, while maintaining a smooth, sophisticated taste.

Can you tell us concerning the technique of developing the world’s first organic hemp-infused vodka? What challenges did you encounter along the best way?

Creating the world’s first organic hemp-infused vodka has been an exciting journey. The process began with sourcing high-quality organic hemp seeds that met our rigorous standards for sustainability and purity. We experimented with the infusion process to realize the proper balance of flavor without compromising the smoothness of the vodka. One of the most important challenges was overcoming regulatory hurdles and educating consumers concerning the difference between hemp and marijuana. Despite these hurdles, we remained committed to creating a singular product that showcased the natural advantages of hemp seeds.

Why was it necessary to you that Fiyori vodka not only be hemp-infused but in addition organic? How do these decisions reflect your brand values?

From the very starting, we were committed to making a vodka that was aligned with the values ​​of quality, sustainability and wellness. The decision to make use of organic ingredients stemmed from our belief that customers deserve a clean, pure product without harmful additives. Hemp seeds have quite a few health advantages and we desired to preserve these characteristics through an organic process. This commitment to integrity reflects Fiyori’s mission to supply a premium, health-conscious vodka while supporting sustainable farming practices.

How do you think that the addition of hemp makes your vodka stand out from others available on the market and the way have consumers responded to it to date?

The hemp infusion definitely sets Fiyori apart in some ways. It adds a subtle nutty flavor and offers potential health advantages like improved heart health, reduced inflammation, and protection of neurological function. Consumers were thrilled to find a vodka that not only tastes smooth but may also contribute to their overall well-being. The feedback was overwhelmingly positive, with many purchasers surprised by how smooth our vodka is and thrilled by the potential health advantages.

In an industry where tradition often rules, how does Fiyori manage to embrace innovation while still paying homage to the art of vodka making?

While we honor traditional vodka-making techniques, we’ve embraced innovation with our hemp seed infusion and deal with organic ingredients. Using state-of-the-art equipment and sustainable practices, we’ve created a product that’s each modern and respectful of workmanship. Our goal is to refine the vodka-making process without overshadowing its roots, combining tradition with recent trends in wellness and sustainability.

Given current trends within the alcohol industry, where do you see Fiyori’s place and what do you think that the longer term holds for cannabis-infused alcohol?

Fiyori suits right into the growing trend of health-conscious, organic spirits. As more people see the advantages of hemp and as regulations evolve, we imagine hemp-infused spirits will turn into more popular. We are proud to be on the forefront of this movement, leading the charge to coach consumers and push the boundaries of premium spirits.

What advice would you give to aspiring black entrepreneurs seeking to break through? spirits industry or other highly competitive market?

Our advice to aspiring Black entrepreneurs is to remain true to your unique vision. Your personal experiences and perspective can set you apart. Build strong networks, deal with quality and innovation, and persevere within the face of challenges. The journey is not going to be easy, but with exertions, community support, and a transparent mission, success is within sight.


This article was originally published on : www.blackenterprise.com
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Gary Payton Launches Greater Purpose Cannabis Brand

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Gary Payton, Green Label Rx


Former NBA star Gary Payton recently partnered with Green Label Rx to launch Greater Purpose, a cannabis-infused wellness brand with recovery support for athletes and professionals.

The product will debut on September 20 at Hall of Flowers, a cannabis industry trade show in Santa Rosa, California. The former legendary Seattle Supersonic guard has teamed up with Green Label Rx founder Jason McKnight to bring the product to the world.

“Having maintained peak physical fitness throughout my career, it became important to me to share the benefits of cannabis recovery and offer the highest quality wellness products to those with an active lifestyle,” Gary Payton said in a written statement.

Greater Purpose bills itself as the primary brand of its kind to mix the worlds of recovery and cannabis. The topical product line will help alleviate chronic muscle pain, because it has been developed to harness the healing properties of cannabis and is designed to assist those with an lively lifestyle.

During the Hall of Flowers festival, people will have the opportunity to experience Greater Purpose, receive exclusive prizes, watch live product demos and meet Payton on the event.

“Greater Purpose is more than just a product line – it’s a movement to change the way we think about recovery and self-care,” said Jason McKnight.

It was recently revealed that Payton, who has been coaching basketball for several years, was announced as the brand new head coach of the College of Alameda men’s basketball team. He will lead the team after serving as head coach at Lincoln University in Oakland, California for the past three seasons.

Payton has coached within the Big3 Ice Cube league since its inception in 2017. He led his team to a title last season and was named Big3 Coach of the Year.

In 2006, he won the NBA championship with the Miami Heat. The 56-year-old played within the NBA for 17 seasons with the Seattle SuperSonics, Miami Heat, Milwaukee Bucks, Los Angeles Lakers and Boston Celtics. In the 1995-96 season, he was named the NBA Defensive Player of the Year, becoming the primary point guard to win the award.


This article was originally published on : www.blackenterprise.com
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2nd Annual Franchise Game Symposium in Plano, Texas Breaks New Ground

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Tarji Carter - The Franchise Game Founder / Event Organizer


Franchise gameThe first and only African American Franchise Symposium and Trade Show in the U.S., held its second annual event on August 16, 2024 in Plano, Texas. The event, which was spearheaded by The Franchise Player, Tarji Carter, marketing expert Dessie Brown Jr., and brand consultant Daylon Goff, was held on the Yum! Restaurants International Corporate Campus. The symposium brought together industry experts and leaders to debate the secrets to success, challenges, and opportunities in franchising.

(Photo credit: Donnie R. Word II)

This yr’s theme, “Own Your Future: Franchising as a Path to True Independence,” was the focus throughout the day. There were many notable highlights, but in keeping with Tarja Carter, “One of the most memorable moments at The Franchise Game 2024 was an incredible fireside chat with our esteemed guest, Roland Parrish, and the incredible Lady Jade. Roland’s story of how he used his success to revitalize a struggling community in Dallas through his foundation is truly inspiring. And his sponsorship of Charlie Pride’s internship with the Texas Rangers Baseball Club shows just how deep his commitment runs. But what really stole the show were the priceless gems he dropped, encouraging everyone to lead with integrity, not greed. His words hit home in a powerful way and left the audience feeling inspired, motivated, and ready to make a difference.”

James Fripp, Chief Equity, Inclusion & Belonging Officer at Yum! Brands made a big impact at this yr’s Franchise Game by offering two scholarships to the Yum! Franchising Bootcamp through the Executive Education Program on the University of Louisville! This opportunity is an actual game-changer for 2 lucky participants who will now have the prospect to delve into the world of franchising and gain invaluable knowledge to advance in their entrepreneurial journey. What a unbelievable gesture of support and empowerment from James and Yum! Brands!

This yr, there have been twice as many exhibitors, including Ben & Jerry’s, American Franchise Academy, Nebo Law Firm, Dine Brands (IHOP, Applebee’s and Fuzzy’s Taco Shop), GoTo Foods (Cinnabon, Carvel, Schlotzsky’s, Moe’s Southwest Grill, Jamba Juice, McAlister’s Deli and Auntie Anne’s), Smoothie King, Potbelly Sandwiches, KFC, European Wax Center, Inspire Brands (Dunkin’, Baskin Robbins, Arby’s, Buffalo Wild Wings, Jimmy Johns and Sonic Drive-In), EATS Broker (restaurant brokerage), ATenantCo (business real estate), Orchatect (IT infrastructure solutions) and Chick N Max.

I had the pleasure of participating in the symposium and trade fair, representing Ben & Jerry’s and reporting on the event BLACK ENTREPRENEURSHIP readers. In my role as a franchise development consultant for the brand, I shared with The Franchise Game participants details about Ben & Jerry’s industry-leading racial equity incentive program, which offers a big reduction in franchise fees and waives licensing fees for BIPOC candidates interested in ownership. “It’s definitely one of the most, if not the most aggressive incentive programs in the game,” Carter said. “We were also very grateful to partner with Ben & Jerry’s, who generously donated ten tickets for students at the University of North Texas at Frisco to participate in The Franchise Game and experience the world of franchising firsthand. It’s all about creating opportunity and access, and we’re so grateful for Ben & Jerry’s commitment to making a real difference!”

After the massive success of The Franchise Game 2024, planning is already underway for 2025. Carter said, “2024 was an absolute blast! We’ve doubled in size, with a bigger, better, and bolder program that sets the stage for something truly special. Our partnership with Yum! Brands has been phenomenal, and I’m excited to announce that we’re returning to their Plano Corporate Campus for The Franchise Game 2025 — and trust me, it’s going to be EPIC! We’re already gearing up for next year, ready to welcome more Texas entrepreneurs and give them the tools, connections, and inspiration they need to succeed as franchise owners. I can’t wait to see everyone there!”

To learn more about The Franchise Player and events, go to pl.franchiseplayer.com.


This article was originally published on : www.blackenterprise.com
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