Mike Chambers
Appearances
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
It was a lot of money. Everyone was like, well, you're being cheap. Like, it's such an expensive house. I'm like, it's my money. Like, I've worked hard to build this equity in this house. And I don't want it. Just give it away. I want to pay someone for their services, of course, but I don't want to just light it on fire just because there's a system that's forcing me to. That seems kind of crazy.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
So anyhow, it all just felt weird. I just didn't like it. I was frustrated with it. And really just had this epiphany, like, I'm a marketer. That's my background. So I felt confident in my ability to market the home.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
So I just decided to go for it.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
That was the tipping point for me where I This whole system is a mess.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
In listing my house on Zillow, I learned that... Even Zillow has its own safeguards to push people to work with brokers.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
So here I am. I can't get on MLS. Zillow's sort of stonewalling me.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
Obviously like these videos are starting to go viral and there's starting to be a conversation locally about my story in particular. And I start to like hear some weird stuff.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
I do think there's a critical role for real estate agents in the world. And I think this has never been my issue.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
Just allow me to act in my own best interest. And through this experience so far, it's felt like Quite the opposite.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
Day two of trying to sell my house without an agent in one of the most rigged real estate markets in the country.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
They try to make this impossible, but I have a plan.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
All right, let's clear something up because from the first video, I think a lot of people assume I think realtors are useless. And the truth is I don't. But I do think that most drastically overvalue their services. And in Colorado specifically, they kind of operate like a cartel. So here's my take.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
I have no background in this whatsoever. I've been thrown into this, honestly. I didn't really think too much about the real estate industry until about four weeks ago when I decided that I wanted to list my house myself.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
You know, I've got a great house. It's turnkey. It's in a desirable location in a desirable city.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
I spent the past... a couple months having some conversations with local agents regarding potentially listing my home.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
And in those conversations, I asked the questions that I would of any sort of service provider that I would be interviewing to get a sense of like how they were going to provide value.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
You know, I couldn't find an agent. who is willing to go below 2.5% to list my house.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
It's going to be $140,000. Right.
The Daily
The Housing Market Has New Rules. Realtors Are Evading Them.
Oftentimes it equates to about 10 to 30 hours worth of work.