Thanx for all the helpful comments...
Well, I looked at the boat today....needs lots of love. My main concern is that the boat hasn't been in the water since 2011. The bottom has been soda blasted due to blistering. Fairly extensive but small, about 1/8" dia. Some fiberglas is exposed. I'll try to post pictures later. I pushed / pulled on the rudder and there's some movement, about 3/8" to 1/4". Gelcoat on hull looks very good, topsides has some spider cracking in the cockpit area. Couldn't look at the keel bolts, owner didn't want to pull up the carpeting on the cabin sole. He said he never replaced or inspected them. Interior looked good, relatively clean, dry and no signs of water intrusion around the chain plates, windows did not seem to be leaking. Owner claims he sealed them. Crib boards are shot, rotted plywood. Main sail and 155 furling jib are nice, still crinkly. Owner claims they've only got two seasons on them. Didn't look at the rest. They're a major brand but I can't think of the name. Tandem axle trailer looks solid, but a little rusty around the edges, Tires looked OK. Mast was straight. Rig looked in fairly good shape, no fraying at ends that I could see. Radio looked dated, I couldn't tell about the rest of the electronics. Owner is distressed, has to move it soon, loosing storage place. He was asking, $3500, I got him down to $2000. Too high?
Tom G