Depending on the condition of your Irwin 32 and the condition of the Nassau 34 that sounds like that could be an extremely high price for a 20 year old Taiwan boat. You can expect to find some ‘issues’ with any boat this age. As a very broad generality, unless very well maintained and updated by a previous owner, you might expect to need to address some combination of the following items:
· Sails, chainplates, mast step and associated suporting structure, standing and running rigging that are close to being beyond their useful lifespan,
· an engine that is close to needing a rebuild or replacement,
· worn out or out of date deck, galley, and head hardware,
· worn out upholstery,
· Teak decks at the end of their useful lifespan and some degree of structural sub-deck rot,
· Out of date safety gear,
· electronics that are non operational, or in need of updating,
· electrical and plumbing systems that need repairs, or upgrades to modern standards or replacement.
· Thru hulls and seacocks in need of replacement,
· Blister, fatigue, rudder, rotten bulkheads, failed tabbing, hull deck joint or deck coring problems
· Delamination of the hull from the ballast for a glassed in keel.
· And perhaps a whole range of aesthetic issues.
If the prior owner did the majority of that work or your Irwin 32 was a wreck, then the price is at the upper end of reasonable but, if not, that sounds high price for a boat of that age and lineage.