Depending on the size of the real estate transaction, you should probably have a realtor representing you and you should probably also have an attorney review the contract before you enter into the transaction. A Realtor can guide you through some of the complexities of the transaction and can also assist you in terms of financing issues and property inspection issues. The attorney could help you in terms of the drafting the contract and what terms either should or should not be in the contract.
Real estate contracts can be very complex and if you are not familiar with those complexities you should seek professional advice. The purchase of a home is frequently the largest financial transaction that any of us enter into.In order to make sure you have not been defrauded or in any way misled you should seek out professional advice to make sure you are getting what you bargained for and that you can use it for the purpose you intend.
See Brien Roche’s book Law 101 published by Sphinx Publishing for more information on this subject.
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For more information about real estate law see the pages on Wikipedia.