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When closing a seller-financed real estate deal using a land contract (or contract for deed), the most crucial element is the land contract document itself. This document outlines the terms and conditions that both the buyer and seller must follow throughout the loan's duration. While the process can be intimidating, particularly for newcomers, it may be practical to involve an attorney to review and prepare the necessary documents, especially for more complex transactions. However, for simpler deals, such as selling a vacant lot at a lower price, the need for legal assistance might be less critical.