Standard or easy reading contract for motivated sellers

[Tony Schober]

What type of contract do you think would work better

- A standard contract promulgated by say the Texas Real Estate Commission

or

- A dumbed down contract that gets to the necessities/basics

I see benefits for both sides.

On a standard contract the seller may feel more confident that you are using a "good" contract. This trust factor along with the added protection of all the legal jargon would be good for you.

On the other hand

A standard contract may scare sellers away because they do not understand what they are signing.

Do you think you would see any benefits in using a contract (reviewed by an attorney) that is in plain english. No herein, hereof, hereunder, hereby, whereof, thereof, etc. Just plain english, in comprehendable sentences, so that the seller would understand what they are signing.

Your thoughts?