Current Condition Could Work To Your Advantage, If
everything else checks out. Boy, could you ever lowball this one, if your prepared to spend a season getting her ready. It probably needed new sails anyways, and quality sails can be obtained easily, and good used motors can be found anywhere. Now, be sure to get "informed", about doing your own survey, or hire a surveyer if you feel so inclined. I recommend, "Surveying Fiberglass Sailboats", by Henry Mustin. You want to check all the systems that will sink you or cause big headaches if it fails. These include, standing rigging (if its original (older than 15 years), throw it away and replace). Best $500 you can invest. While your at it replace the lifelines. Check all valves. If there gate valves, replace them with quality ball valves, and while your at it replace all hoses, and hose clamps (use stainless steel, double clamp everthing). Check all chainplates, paying special attention to the condition of the bolts, and the bolt holes. Look for any rust, or elongation of bolt holes that would indicate undue stress. Pay EXTRA attention to those bulkhead shroud anchor plates. Check all running rigging, and replace with quality ropes, if there really worn. Check out all blocks, make sure the sheaves turn freely and there are no cracks in the cheeks. Be carefull with the rudder, as if its original it may be waterlogged. Most are, and have been rebuilt or replaced. "Sound" the deck with a nylon ballpeen hammer. No what constitutes sound core and mushy core. Mark all areas with a grease pencil for future attention. Pay close attention to all through deck hardware, including plates, cleates and such. I'm sure I have forgotten some items, but get a good resource, and ask lots of questions. Let us know how much you got her for. In my experience if you appear to be a knowledgeable buyer you are less likely to be BS'd. Good luck.Don