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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 essential to complete the land contract document, which outlines the terms and conditions for the buyer and seller throughout the loan's duration. This document can be intimidating, and in many cases, it's advisable to have an attorney review and prepare all necessary documentation. However, simpler transactions, such as selling a low-priced, vacant lot, may not require extensive legal involvement due to their straightforward nature.