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When closing a seller-financed real estate deal using a land contract (also referred to as a contract for deed in some regions), it's crucial to focus on the land contract document itself. This document outlines the terms and conditions that both the buyer and seller must follow throughout the loan's duration. The process can be daunting for many, and in complex cases, consulting an attorney to prepare the documentation is advisable. However, for simpler transactions, such as selling a vacant lot at a low price, the process may be manageable without extensive legal assistance.