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In this tutorial, the presenter explains how to complete a vacant land contract, noting its similarities to a traditional as-is contract but highlighting key differences. The contract requires the legal names of the buyer and seller at the top. If importing from MLS, the legal description and address are automatically populated in the contract, particularly when using Transaction Desk. For unlisted land, the parcel ID number can be used to pull necessary information. If filling out the contract manually, the user should ensure to include the address and legal description in the designated sections. The video suggests careful attention to detail when recording purchase price and related information.
