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Old 12-23-2011
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bljones bljones is offline
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When you get down into the bottom-feeder price bracket (that's not an insult, in my book- it's where I live when it comes to buying/building boats), you're going to find lots of tired sails and leaking hull/deck joints and just general stuff that needs to be fixed. The upside to a Tanzer 7.5 is it's relative popularity in Canada- it's easier to find used sails and other bits and bobs, relatively inexpensively.
Black water near the head is a possible area of concern. Did you smell the water in question?
I'd be more concerned about the rigging than the sails. How did it look?

If you can live with the limited headroom, aren't afraid of a little hard work, and know what you are getting yourself into, offer the vendor $1800.
It's 5 o'clock somewhere:

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