Confession
time.
Over the past eight-plus years, when the platform was first invented, I’ve made a
lot of money off Zillow Reviews. Hard-earned money.
In the
summer of 2010, I was among the first to learn that Zillow was planning to set
up a platform for clients to post reviews about agents. Up until this point, the real estate industry had a love-hate relationship with transparency. In fact, there’s another
post out there somewhere about all the blown opportunities Realtor.com had to
assume the market leadership position Zillow has today simply by being
transparent with data and taking down all the paywalls and registrations it
used to take to get the most basic real estate questions answered online when it was the only game in town.
And so from
the word “go”, I jumped in and decided Zillow Reviews would be my friend. I quickly reached out to past clients and
rapidly built a profile… first 20 reviews, then 30, then 40, then 60, then 80. By 2014, I had the third most “five star”
reviews of any agent in Colorado.
To date, I
have 120 reviews. 118 of them are positive.
Today,
potentially against my better judgment, I want to talk about the two that are
not five star reviews. And all the
damage those two negative reviews have done, not only to my precious
“reputation”, but also to my psyche.
I’ll let you
in a secret.
This job is not easy. It comes at a price. Ask my family about the countless missed dinners, late arrivals to my kids' events and more than occasional no-shows at family functions.
Selling real
estate in and of itself, per se, isn’t all that hard.
It’s selling
30 – 35 homes a year, being in the top 1% of agents in Colorado, being the
number one producing agent in your office, and doing it all ethically and with
your client’s best interests 100% at heart… that’s hard.
When I
started collecting reviews on Zillow eight years ago, I was actually kind of naïve
about it.
You see, my
business is and has always been referral based.
As a “96% of the time rule”, I only work with people I know, like and
trust… who also know, like and trust me.
It’s that 4% that trips you up.
Because every now and then you start down the path with someone and realize that it's not a good match. Whether it's differing ethics, differing word views, or differing beliefs about what makes a "good" real estate transaction... I've always preached that if it doesn't feel right, you shouldn't be doing it.
Because every now and then you start down the path with someone and realize that it's not a good match. Whether it's differing ethics, differing word views, or differing beliefs about what makes a "good" real estate transaction... I've always preached that if it doesn't feel right, you shouldn't be doing it.
But every
now and then, you find yourself dancing with someone when your instincts are telling you to run away.
Sometimes I
will gently suggest those people partner with another agent. Sometimes I ride it out to the bitter end,
where either things get better or things get worse.
But it’s a
complete fantasy to think you can sell 300+ homes in a 12-year period and not
have an occasional flameout.
And that’s
where this post gets sticky.
The truth
is, when I began collecting reviews, my intention was not to attract
strangers. Far from it. It was simply to create a single site where
reviews, sales history and production could be aggregated… because as we declared earlier, transparency
is your best friend or your worst enemy, depending on how you roll.
My naïve
intent in 2010 was to collect reviews, add a QR code to my business card and
marketing materials (a trendy idea at the time) and let people read for themselves how I sold more homes
than 99% of the agents in Colorado, worked with people I loved and delivered results at an elite level.
What
happened, in addition to that, is a whole bunch of strangers I had no
connection to started finding me online based on those exceptional reviews, and that’s where the water got murky.
Truth is,
over the past eight years I have closed deals for about 40 clients who found me off of my Zillow reviews. Conservatively,
I’ve probably had 200 or more contact me.
Eighty
percent of the time, my response is the same: “I’m sorry, my business model is to work only
in my network with people I’m already connected to. I'm honored that you reached out, but I need to stay focused on those with whom I've already built strong relationships. Best of luck to you.”
But
sometimes… whether it’s a slow week or a large home or a compelling narrative or a gut feeling that I ought to say "yes" to this one… I’ve taken the bait.
And when you
stray from your core values, results may vary.
Of my 40 or
so closed Zillow clients, I would say at least 25 - 30 had great working
relationships with me. Clients for
life. Raving fans. All that good stuff that happens when you
truly put your clients' needs and desires ahead of your own, work seven days a week, solve
problems at a high level and know the market like nobody else.
I’ve had
another five to 10 I tolerated. Didn’t
dig their vibe, didn’t like their humor, didn’t appreciate their zero sum worldview. But we got to the
finish line and they were happy, as far as I know.
And then
there are a handful of strangers I have truly regretted working with.
It’s hard,
when you start from scratch with people and go through a process as emotionally
demanding as buying or selling a home in this crazy Denver market.
There’s
stress, anxiety, pressure and self-doubt.
And the
clients sometimes have troubles too.
But,
seriously speaking, if you think it’s possible to have a 100% approval rating
at scale over eight years in any field, you’re delusional.
And so
tonight, I’m waiting for bad review number three.
I fired
clients today who found me on Zillow a few weeks ago. It doesn’t matter what the details are… we
just aren’t a good match. This couple
has had bad real estate experiences in other markets and arrived into the Denver market with scars from previous wrecks.
Their view
of “winning” is different than mine.
They think winning is sticking it to the other side, testing the
boundaries of the contract contingencies and perpetually negotiating until the
ink is dry at closing.
They’re not
interested in what anyone thinks of them after closing, as long as they got the
best of the deal.
And that’s
fine. For them.
I’ve dealt
with plenty of seek and destroy personalities in real estate. You can’t imagine the drama that actually
goes on behind the scenes when people operate from scarcity using a roadmap of threats, demands and ultimatums.
We all have biases and we all create
narratives. While all biases and
narratives have shades of gray, sometimes you swerve into people who are approaching things from an
entirely different playbook.
You need to
cut bait with those people.
Problem is,
these people can also post reviews. And then they are hung around your neck like a millstone, and it sucks.
As we move
deeper in to 2019, I’m transitioning away from Zillow Reviews as a branding
tool. Being addicted to the approval of
others is an unhealthy trap, If the opinions of others becomes your oxygen, the words of a hater are like toxic gas.
I’ve been
trending away from aggregating reviews for the last year or so, just as I’ve
trended away from social media and other bastions of fakeness in our culture
today.
While 98%(+) of my reviewers love me, the 2% who don't have too much power.
So I’m going to
continue doubling down on relationships, going deeper instead of wider. And I’m sure it’s going to work out just
fine.
We live in a
world where we are far too obsessed about what others think, often at the
expense of what we should think about ourselves.
I’m
reconnecting with what I should think, and I think I’m done giving so much
power and authority to people who mean me harm.