By Alexandra Frisbie
“If you want change, make the change. Put yourself in the game.”
Like many other institutions in America, the real estate system is built on and steeped in white supremacy and racism. Home ownership builds generational wealth and equity, which in turn can pay for things like student loans and other educational and lifetime investments. There is a big disparity between the size and location of real estate available to white people and Black people, which perpetuates a vicious cycle in which it is extremely difficult for Black people to build generational wealth.
Kim Vendryes learned this from the time she was a child, when her mother used to drive around Greenwich, Westport and Black Rock, Connecticut to expose her to other nice neighborhoods and let her know that anything was attainable. As Kim recalls, her mother used to buy houses in Bridgeport for two or three thousand dollars and work on them to sell at a profit. This sparked her interest in real estate at a young age.
Kim became interested in investments and wanted to be her own broker. She originally shied away from real estate because she didn’t like sales. Instead, Kim worked for a large healthcare organization, doing nothing related to real estate, but her interest and passion for real estate never waned. In 2018, Kim “woke up”, in her own words, and decided to register for classes to obtain her real estate license. She took the required sales classes and passed the state test on her first try.
Kim has been in business now for just about three years. Her business is almost 100% referral based. She views real estate ownership as more than a transaction; it is a life experience that should be equally available to everyone. Her strength is helping people who may be afraid of commitment to real estate to understand that it can facilitate them to get what they want. Kim has primarily mentored first-time home buyers and says it is incredibly gratifying to see them learn firsthand that home ownership is achievable.
One experience Kim shared was of a long time friend of hers who was raised by her grandparents and never knew her own mother. She never thought she could be a homeowner. Then, one day, her uncle was selling his house. Her friend was interested, but needed help through the process. She was very nervous, but Kim walked her through it and when she bought the house, it changed her confidence--not only about homeownership but also in so many other aspects of her life.
Kim has conducted several workshops over the past few years to assist with minority homeownership. She is planning to launch a “Main Street Initiative” to teach prospective homeowners about credit and wealth, provide educational empowerment and possibly partner with mortgage companies to provide a product to assist with down payments and closing costs.
Kim wants people to know she is very approachable and happy to answer any questions about homeownership. She can be contacted at (203) 816-1764 or on Facebook. When you call her, mention you read about Kim Vendryes on ShopBlackCT.com!
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