Take a moisture meter and a hammer with you. The Manatee is a fully cored hull, which also has its advantages, but if old blisters weren't addressed or through hulls weren't installed well, water intrusion can be a problem. A full peal and re-glass job to fix a water logged hull could cost you 25 boat units. With just what the guy reports, it'd be hard to believe that a boat like that with a good hull wouldn't be quite a bargain. I've seen two of these go for less than 100K, but they were really in bad shape. When my Admiral and I were searching for a trawler, part of our criteria was that the boat would not be depreciating. Previous to the downturn, the Manatee was appreciating quite well and even held its own after 2007. Spending wisely, one can actually put some money into these boats, but you have to start with a good hull or a very good price. If this one has both, well.....I guess that remains to be seen.