I'm in the UK so I don't know how different the markets are, there seem to be quite a few boats for sale at the sub £5k mark ($7,789) but this one (westerly 28) seems to be the best value for money I have found so far...
I haven't been to view it yet, but on the strength of the advert and images it 'appears'
to be in sailable condition and I could live-aboard straight away.
It's up at an asking price of £3500 which according to bloomberg is currently $5,452.30
At 1968 build its 10 years older than me! but looks to be in good shape.
Fingers crossed it will still be there in a few weeks time!
Thanks everybody for the feedback, I was just curious if I was likely to be buying a boat load of trouble buying so cheap and indeed if anybody else has gone this route.