good old boat
I know you feel that time is tight, but this time of year, boats tend not to sell too fast, that is if you are in an area where sailing comes to a halt at the end of the season. If you really want to secure this boat, make an offer held by a minor sum to hold it for you. Your offer may include a phrase that if another buyer offers to purchase it, you have first rights to come up with the full sum or get your holding sum back.Whether you do this or not, get a hold of a book called Good Old Boat by Don Casey. It will give you a good understanding of the types of typical reparis older boats need, and you will be able to determine which repairs you are able to do yourself, and which you are not willing to tackle. You can then look at this boat with new eyes and determine if it is a bargain or not.Either way, you should get a survey completed.Now haveing said all that, Oday tends to have made pretty decent boats, cleverly designed, efficient, low cost, practical, and easy to maintain in the 70's and 80's. The only thing I might caution is that boats built in the later 80's were subject to companies starting to look at cutting their costs to remain competative. Many companies went out of business in the mid to late 80's. As indicated earlier by other posters, check the likely trouble spots, soft decks due to water delamination, salt water osmosis blisters in the hull, condition of the sails, meat hooks on the rigging, gelcoat stress cracks, try to turn some screws in the deck hardware, if they turn easily, water likely entered around the fitting... etc etc.