[cercis]

I'd say get an attorney. It's relatively inexpensive (when considering the price of the home) and they'll make sure all the i's are dotted and t's are crossed.

Things that could go wrong? No one records the deed. Liens against the property that were not disclosed (you buy a property subject to all liens against the property, no matter what the seller says). Paperwork incorrectly completed (this is way too common, the legal will be slightly wrong, misspellings, blanks, etc).