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When closing a seller-financed real estate deal using a land contract—or contract for deed—it's essential to complete the land contract document, which outlines all terms and conditions for both the buyer and seller throughout the loan's duration. This step can be intimidating for many. While it's often wise to have an attorney review the documents, simpler transactions, such as selling a vacant lot at a low price, may not require extensive legal involvement due to their straightforward nature.