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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 all terms and conditions for both buyer and seller throughout the loan's duration. This document can be intimidating, and it often makes sense to involve an attorney for preparation and review of the necessary paperwork. However, in simpler transactions, such as selling a low-priced vacant lot, the process may not require extensive legal assistance due to its straightforward nature.