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When closing a seller-financed real estate deal using a land contract (also known as a contract for deed), it's crucial to complete the land contract document, which outlines all terms and conditions for both buyer and seller throughout the loan's duration. This process can seem daunting, and it's often advisable to involve an attorney to ensure all documents are properly prepared. However, for simpler transactions, such as selling a vacant lot at a relatively low price, the process may be less complex, potentially minimizing the need for extensive legal assistance.