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When closing a seller-financed real estate deal with a land contract, creating the land contract document, also known as a contract for deed, is crucial. This document outlines the terms and conditions for both the buyer and seller throughout the loan's duration. While preparing this document can be intimidating, especially for those unfamiliar with the process, it can be beneficial to involve an attorney for more complex transactions. However, in simpler cases, such as selling a vacant lot for a lower price, the process may be manageable without extensive legal assistance.