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When closing a seller-financed real estate deal using a land contract, it's crucial to complete the land contract document, also known as a contract for deed in some regions. This document outlines the terms and conditions that both the buyer and seller must follow throughout the loan's duration. Although this process can be intimidating, especially for newcomers, it may be beneficial in simpler transactions, such as selling a vacant lot at a low price, to handle the paperwork without extensive legal assistance. In more complex situations, involving an attorney to review and prepare all necessary documents is advisable.