I would want to see the logs on the overhaul. For that price it should be a good one. But I would want to know if any "bottom end" work was done. If not, I would want to know how many hours since the case was cracked.
Reg
Can an engine be described as having a "major overhaul" without opening up the cases? That doesn't seem possible to me.
I am always suspicious of advertising. That's why the admonition to get a good look at the logs. I don't know that there are specific rules about what you can advertise as SMOH or STOH.
Regarding the price, be sure and haggle. I am not good at it, but my partner is deadly. When we bought Juliet she was advertised at $17,000 (and had been advertised higher), which, given what we knew about the airplane at the time (and even given what we have learned since) was a pretty good price. I was ready to write the check. My partner up and offered $15,000 (I was trying to kick him in the shins, nice plane, good price, don't rock the boat). The seller countered with $15,500, and it was a done deal!
Asking price is not what the seller is willing to take.
Reg