Other things to consider once you're firm on a potential purchase:
1. Order a Title Search. I think AOPA does it for around $40
www.aopa.org [
aopa.org]
2. Order a CD-ROM containing all records (registration applications, ownership changes, major repairs/mods) ever filed with the FAA for that plane. It's the best 5 bucks you ever pay to the government. If the plane shows major repairs and no forms were filed, that should raise a red flag.
http://registry.faa.gov/aircraft.asp#copiesaircraftrecordshttp://162.58.35.241/e.gov/ND/airrecordsND.asp
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