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When closing a seller-financed real estate deal with a land contract, the land contract document, also known as a contract for deed, is crucial. It defines the terms and conditions that both buyer and seller must follow throughout the loan's duration. This process can be intimidating, and many choose to have an attorney review the details and prepare the documents. However, for simpler transactions, such as selling a low-priced vacant lot, the process may not require extensive legal involvement.