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When closing a seller-financed real estate deal with a land contract, it's essential to focus on the land contract document, also known as a contract for deed. This key document outlines the terms and conditions that both the buyer and seller must follow for the loan's duration. The process can be intimidating for many individuals, making it advisable to consult an attorney to review the information and prepare the necessary documents. However, for simpler transactions, such as selling a vacant lot at a relatively low price, the deal may not be overly complex, potentially allowing for a more straightforward approach without extensive legal assistance.