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When closing a seller-financed real estate deal using a land contract (also known as 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. This document serves as the primary loan agreement in the transaction. The process can be intimidating, and it's often advisable to consult an attorney to review the information and prepare the necessary documents. However, for simpler deals, such as selling a property for a low price or dealing with a vacant lot, the process can be less complex, potentially allowing for a more straightforward approach.