There's a lot not to like in that boat you viewed and of course that's what you could fairly quickly see. I would assume there is just as much that you didn't see. Considering that repairs typically take twice and long and cost much more than original estimates puts that boat very close to being a "project boat".
When I was looking at trawlers, Volvos and teak decks were on my "No way" list. Spongy decks? Lots of work right there.
Ken
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