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When closing a seller-financed real estate deal using a land contract (or contract for deed), it's crucial to complete the land contract document, which outlines the terms and conditions binding both the buyer and seller throughout the loan period. This process can be intimidating for many, making it advisable to consult an attorney for document preparation and review, especially for more complex transactions. However, in simpler cases, such as selling a vacant lot at a lower price, the deal may not require extensive legal assistance, allowing for a more streamlined approach.