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When closing a seller-financed real estate deal with a land contract, the key document is the land contract itself, also called a contract for deed in some areas. This document outlines the terms and conditions that both the buyer and seller must follow for the duration of the loan. While the process can be intimidating, it may be beneficial to have an attorney review the information and prepare the documents, especially for more complex deals. However, for simpler transactions, such as the sale of a low-priced vacant lot, it may not be necessary to involve an attorney due to the reduced complexity of the deal.