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When closing a seller-financed real estate deal using a land contract (also called a contract for deed), it's crucial to complete the land contract document, which outlines the terms and conditions for both the buyer and seller throughout the loan's duration. This process can be intimidating for many. While it's often advisable to consult an attorney to prepare and review the documents, simpler transactions, such as selling a vacant lot at a low price, may not require extensive legal involvement due to their lack of complexity.