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When closing a seller-financed real estate deal using a land contract (also known as a contract for deed), it is crucial to complete the land contract document. This document outlines all the terms and conditions that both the buyer and seller must follow for the duration of the loan. The process can be intimidating, and it's often advisable to have an attorney review the information and prepare the necessary documents. However, for simpler transactions, such as selling a vacant lot at a low price, the complexity may be minimal, making it feasible to manage without extensive legal involvement.