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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 actual land contract document, which serves as the primary loan document outlining the terms and conditions for both the buyer and seller. This process can be intimidating, and it may be advisable to have an attorney review the documents and information involved. However, for simpler transactions, such as selling a property for a low price or dealing with a vacant lot, the process can be more straightforward and may not require extensive legal involvement.