Its About Time I Finally Got Me A Birdie

Hello, all well I have been lurking and posting trying to find me a low cost
time builder well I almost have up the hunt, I went to bed early Thursday
night woke up about 4am logged on to eBay and to my surprise a local area
person posted a nice little low time 1976 150 called the guy at 5am woke him
up, he called back about 8 am I spoke with him settled on a over the phone
price, price dependant upon inspection.

A friend and I drove for about 4 hours to go look at this bird. We got there
before the seller and started poking around a old guy smoking a cigar came
out and asked you interested in that airplane, said maybe can you tell me a
bit about it. Said yea I can I just got done doing a major a major annual to
it. Talked with him got all his info and he went away. The seller showed up
about 5 min later had all the logs back to new, I asked him if we could pull
it over to the mechanics hanger so I could inspect the airplane. Now is ware
it starts to get interesting!

He hands me the keys and says' s taxi it over and ill get you guys some
screw drivers well had a problem starting starter clutch went bad? Seller
acted like he did not know about it but since it was going over to the shop
he had a A & P put a new one in and put an entry in the logs, Now with all
inspection plates removed and new starter clutch the 4 hours pre buy
inspection is under way. Only 3 squawks were found but not an airworthiness
issue's.

We put the plane back together and go review the log books well he said that
it was IFR certified well it was clearly not but it was in 1987. There was
no damage history neither was there any missing logs and all AD's have been
complied with. Went to the seller told him that it was not IFR certified and
started the negations. We settled on a cash price that was more than Fair to
me tell you the truth I'd have paid $5k to $7k more if I had more money.

I went there with cash in hand for price we agreed upon over the phone. The
plane had 3 squawks and was not IFR certified as I was told It dose have
full IFR panel. I offered him a lower amount than we agreed on the phone due
to the discrepancies The seller declined after I started to walk back to the
truck to go home. The seller made a counter offer $50.00 more than my offer
my friend looks at me said take it worth way more then he is asking. So I
went inside sat down at the table got all the paperwork done and counted out
$16k in cash we both signed a sales agreement he signed the bill of sale we
shook hands and now I own me a late model 150.

Times
4030 Airframe
700 SMOH Engine Compressions 74,75,77,75
100 ON New Prop

All around condition a strong 7.5 may an low 8

Fresh Annual Done Right!! Nothing Deferred, Airplane Has New tires, break
rotors, wheel Barings, fuel line, fuel strainer valves, fuel gages, steering
rods and boots, starter clutch, and a lot more, yes it dose help to get
another set of eyes on the airplane as we found 3 non airworthyness squawks
little things that dont really need to be done buy are getting done monday.
I know i am happy I kinda feel guilty at the price i go it for.

Thanks To All The Groups Here For Putting Up With Me And For All The
Excellent Advice.