Contact a good real estate attorney in your area and ask him to represent your interests in the transaction. Not all attorneys are "real estate" attorneys. Ask your friends, neighbors, co-workers, etc and find someone who has bought or sold real estate lately (refinanced their home perhaps) and get a good recommendation for an attorney. He will be able to give you guidance in negotiating the price; he should conduct a title examination or have that done, and cause a policy of title insurance to be issued to protect your investment.
Answered on Jun 26th, 2012 at 8:42 PM