A listing agreement is between the parties that own a property and the agents or brokers who will find a buyer for it. Typically, a real estate listing agreement involves the property owner and a real estate agent. The property owner, or seller, grants the agent the right to market and sell the property.
Writing your own contracts is perfectly possible, and legal. But it's also an incredibly bad idea. There's two reasons for this: Property law is complicated. Because it's such a fundamental part of legislation, it's often lots and lots of different laws layered on top of each other.
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
Address the Seller and Introduce Yourself. If you know the seller's name, use that, but you likely won't know the name of the owner of the home. Detail What Makes the Home Stand Out to You. Find Common Ground. Present Your Offer. Note Any Contingencies You Have. Close with a Friendly Thank You.
You can always offer 20-50% under asking.