Wet basement problems make me nervous, since my experience on the issue is that lots of people love to tell you what's "maybe" causing the problem, and there are about 4000 different "maybes". An improperly sloped yard is definitely one of the "maybes", along with roof gutter systems that don't work properly. Fixing those two should be enough to stop problems severe enough to cave a wall in, but it may not be enough to completely dry out the basement. Then again, maybe it is -- the uncertainty of not knowing whether the problem is really gone until the day you get 3 inches of rain is why I don't like dealing with them.
All that said, you have the bonus of knowing about the problem already, and thus, it's presumably been negotiated into the house's purchase price. So the only thing I'd really caution you against is making sure you give it a good year or two before putting up any new drywall/flooring (though tearing out the old is a good idea -- that stuff's probably so moldy it's a health hazard). That way, you get everything from cloudbursts to the spring thaw(s) to make sure that the problem is gone for good.
All that said, you have the bonus of knowing about the problem already, and thus, it's presumably been negotiated into the house's purchase price. So the only thing I'd really caution you against is making sure you give it a good year or two before putting up any new drywall/flooring (though tearing out the old is a good idea -- that stuff's probably so moldy it's a health hazard). That way, you get everything from cloudbursts to the spring thaw(s) to make sure that the problem is gone for good.
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