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When closing a seller-financed real estate deal using a land contract (also known as a contract for deed), the land contract document is crucial as it outlines the terms and conditions that both buyer and seller must follow for the duration of the loan. This process can feel intimidating, and it may be beneficial to have an attorney review the documents. However, for simpler transactions, such as selling a vacant lot at a low price, the deal may not require extensive legal oversight due to its straightforward nature.