Sea test the boat and check gauges during operation. Test the power trim/tilt on the water.
It's too bad because the boat is in very nice condition and well maintained.
Well then buy it. You'll enjoy it while it works. Come back here when the engine is having issues. Before handing any cash to the buyer get the boat inspected by a professional surveyor. Specific areas to check includes all gauges, switches, dash and cabin lights, bow and anchor lights, bilge pump motor and blower motor, engine compression and cooling system integrity with heat exchanger inspection and cooling system pressure test including the cap pressure and water hose condition and charging system operation.
Check the trailer lights, tires for dryrot, wheels for damage and bearings for proper lubrication. Inspect the boat deck, stringers and transom for moisture content w/a gauge and visible/hidden rot. Waterlogged and rotted wood must be replaced--repair cost is expensive. Inspect all storage bins for mold/mildew. Carefully inspect all of the outdrive bellows and water hose for checking/cracks a for dryrot--they need to be replaced for about $1,200--if the aforementioned conditions are found.
Pull the outdrive cap off and inspect the gears for missing teeth and overheating--oil w/smell burnt and the gears will be dark blue/black/brown or scortched. Very expensive repair cost. If found it's a good sign of overheating from low oil level at one time. Remove the oil drain screw and catch an ounce of OD oil for inspection. Oil should not be milky--that's water intrusion--$750 reseal. Have the OD removed and the drive shaft and U-joints inspected and lubed. With the OD off inspect the gimbal bearing for smooth rollout. If it has a rough feel--$250 fix. Finally, wipe the grease out of the engine coupler splines and check for square cut splines. If the spines edges are rounded and not square the coupler grease has been neglected--it will fail and slip one day sooner or later--$750 repair. Use an engine alignment tool to check/reset OD to engine alignment.
Things to remember:
1 - Follow the Merc. recommended PM schedule. Before each use check all of the fluid levels and inspect the engine for oil and antifreeze leaks.
2 - Get a packet of limus paper to regularly (Monthly) test the PH level of the antifreeze. Doing it will prolong the life of the cooling system.
3 - When the outboard stator charging system craps out replace it w/a single wire 60 amp integrated marine alternator--a complete kit is available. 4 - Use only a top quality marine starting & not a "Maint. Free" battery to reduce the work load required by the outboard charging system.
5 - Keep battery terminals clean on both ends of the cables. Spray battery terminal protector on each cable end to stop corrosion.
6 - Install a battery charger/tender to the battery. Get a 10 amp (5+5) two output charger. If you only use one battery then double up the two
5 amp output wires on the positive terminal.
7 - When the distributor shaft wears out replace it w/a new Delco self contained model.
8 - When the 3 tube heat exchanger corrodes thru replace it w/a 4 tube heat exchanger.
9 - Consider ordering a replacement manifold/riser now before stock runs out. You can always sell it.
Good luck.