If the plane has a single (non flip-flop) nav/comm,
I'd hardly call it "IFR"
The engine has flown 70 hours in the past 2 years.
I rate that as bad.
I would have expected new magnetos at overhaul
and yet he just replaced them?
And the plane is out of annual?
And he's asking 37K?
And this crazy talk of a 152 nose gear?
I also advise against financing with this fellow.
If a home equity loan is a possibility, that would be better.
Gotta tell you-- this whole deal smells.
Sorry. You asked for advice. Now you are going to get it.