![]() |
Real Estate News and Advice |
October 10, 2008 |
|
|
|
|
|
Use The "DISC" Method To Determine FSBO Personality Styles
by Joeann Fossland
It is well known that people feel a higher trust level and believe they are more likely to be understood when they are with someone who mirrors their style and communicates to them in the way they can best process things. That's why having knowledge of the "DISC" method of determining the dominant behavioral style of an individual and then adapting your approach to that style is a very effective way to radically increase your effectiveness. The DISC behavioral style research has been around in many different forms since the 1930’s. A book that is easy reading on this subject is called The Platinum Rule by Tony Allessandro. He asserts we should “Do unto others as they would have us do unto them.” When working with a FSBO seller, if you can identify their style of communication, you will be more effective at converting them into giving you the listing. Most of the people who offer their homes For Sale By Owner will eventually list with a Realtor® but their motivation and the process that they use will be different based on their behavioral style. Here are some basic guidelines to determine the style of your prospect and how to be most effective with them. The D Style The D Style is an extrovert who is accomplished. These are your classic bottom-line people who are forceful, decisive, direct, ambitious, challenging and independent. They are often argumentative and impatient and will try to intimidate others to get their way. They are risk-takers and want results. Think Dr. Phil! The most successful approach with a D FSBO is to be direct with them. Don’t waste their time, but give them reasons or information that will show them how their bottom line can be enhanced. You should also flatter their ego and be careful not to challenge their ability to get the job done. These people will need some time to see it isn’t working their way. They will be impressed by statistics of your past success-things like how your average days on the market or list to sales prices are better than the averages in your market. They will also respond to consistent, repetitive and innovative approaches. These people are the ones that are likely to be rude, brusque and impatient when you first meet them, so your ability to convince them that their bottom line would be bigger if they used you, would eventually appeal to them. Use the 2003 NAR Homebuyers and Sellers Survey that showed the average FSBO sale was $145,000 versus the average Realtor® sale was $175,000. These sellers take a thick skin to work with, but they can be converted, so, your key to success here is not to take it personally and impress them by hanging in there. This group would respond to a quality mail campaign if it underscored the increased value they would derive from using you. Don’t waste their time with fluff. The I Style The I style is an extrovert who accomplishes things through people and relationships. They are expressive, enthusiastic, friendly, demonstrative, and talkative. They like people and have high optimism. They are not detail-oriented, and tend to be impulsive and very trusting of others. Think Oprah! The most successful approach with an I FSBO is to become their friend. Begin with a genuine interest in their needs and what they are going to do next. Build the relationship over several visits and give them time to talk with you. They will start by being very optimistic and become disillusioned fairly quickly because they are naturally impatient. Your ability to form a strong relationship and then be very consistent in providing help and value to them. They would be less responsive to a mail campaign; the personal contact is very important to them. The S Style The S style is an introvert who accomplishes things through people and relationships. They are looking for someone to trust and are very non-expressive and indirect. They are methodical, systematic, reliable, steady, patient, relaxed and modest. Think Mr. Rogers! The most successful approach with an S FSBO is to be non-threatening and take it slowly. My experience is that this style is a low percentage of the FSBO market, although often an S may be a spouse of a D or an I. What the S style responds to is building trust over time. At least a weekly personal visit would be indicated and with each visit taking them something that would make it easier for them to sell. Something like the booklet, 450 Ideas to Sell Your Home Faster will position you as a professional but not a pushy, obnoxious sales person. An S needs more time that other styles to process information and they are very resistant and passive-aggressive when pushed. This style is going to respond to calls and visits better than a mail campaign. The C Style The C Style is an introvert who accomplishes things through tasks. They have a high fear level and are more comfortable when there is structure and information that will ensure a positive outcome. They are analytical, contemplative, conservative, exacting, careful and deliberative. Think Dr Spock! The most successful approach with a C FSBO is to provide LOTS of information, charts, graphs about the market and hard data about why working with a Realtor® will net them more money. While they are bottom line oriented, like the D, they will be much harder to read. They will prefer a mail campaign or any email or non-confrontative communication. Leaving them a big packet of information on a first visit and then following up by email would be their preferred method of being communicated to. They are slower to come around, but once the fear is assuaged, they will be swayed by logic. They will also like the booklet, 450 Ideas to Sell Your Home Faster since it has pages and pages of checklists for getting their home staged to bring the highest price. They are methodical enough to go through and do everything! The good news is when the house doesn’t sell, it will be in great condition for you to list it! Other information, such as websites, or other research they can tap into will build your credibility and give them a feeling of comfort with you. An important concept when effectively working with all FSBOs is that you need a system to approach this niche that builds the credibility and relationship, as well as setting up an imbalance so that they feel they “owe” you something over time for all you have provided to them. It is a process, rather than a quick, one time conversion. And, don’t forget, getting the listing is only one of several ways you can enhance your income with this market. (Blanche-can we link to the other article: 4 Good Reasons to work the FSBO Market?) The D’s and C’s probably comprise the biggest share of the FSBO market, since they approach things from a bottom line perspective and their initial thinking is that they will make more money by doing it themselves. You should be able to determine the style you are dealing with fairly easily on the first contact-either on the phone or in person. By adjusting your approach to their individual needs, you will have more success with all styles, instead of just connecting well with others who are the same style as you! Published: May 13, 2004 Use of this article without permission is a violation of federal copyright laws. Related Articles:
|
Real Estate News Network
Today's Real Estate Outlook
Spotlight
Today's Headlines
|
|||||||||||||||||
| ||||||||||||||||||
|
for Agents
Readers' Choice
|
||||||||||||||||||