Grreetings!!

I am returning to aircraft ownership after 15 years. the other day, I
was looking to purchase an airplane that I saw advertised. The price
and features looked real good, EVERYTHING i wanted!! except it had a
run out engine. over 2100 hrs.

they we're asking about $ 28,000 for the plane (cessna 150 with all the
bells) I thought the price was good??? was actualy going to purchase
the plane. I called the seller and we spoke a bit on the phone. told
them I was VERY intrested and would give an offer.

Putzing around last night, surfing the web I found out about AOPA's
Vref and NAAA evaluator. Just for FUN I entered the information on
the plane for $ 28,000

WOW!!!!!!!!!!!!!!!!! the airplane was only ( V ref & NAAA) worth $
12, 500 to 13,500 bucks! the run out engine hurt the value of the
plane big time !

The other features such as STOL, extra fuel , good radios, added little
tto no value to the basic airplane!

When I called the seller to day with my FAIR offer of $ 18,000 dollars
CASH for the above plane he went NUTS! and started to go crazy on
me, get mad, cussing, etc, etc, etc,

I told him the Vref and NAAA numbers but he went into orbit ( think he
has had others say the same bad news)

I told him that I was NOT trying to Ripp him off , but trying to pay a
FAIR price for his plane.

Am I wrong or out of line in this matter?? I think that if a BANK, or
insurance company is only going to loan / insure $ 12,500 to 13,500
dollars for an airplane then THATS all its TRULY WORTH!!!

I think my offer of $ 18,000 dollars CASH was more than fair for the
plane. that's $ 4500 bucks over the Vref and NAAA value.

PLEASE provide comments if I am wrong in this matter, then I can re
-offer but some how I think someone is looking for a fish to fry!

THANK GOD for V ref & trade a plane NAAA as I would have paid the
$ 28, grand give or take!

P.S. The BEST price that I got for and Overhaul is $ 9,000 grand using
the existing I engine.