ASA and PSIA Instructor
Join Date: Apr 2000
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The boat will get small very quickly so don't worry about the size...other than 28' is awfully SMALL for a liveaboard.
If the boat is an OutIslander model, they are very poor sailing vessels, better to think of it as a floating re-locatable bedroom.
As to the price, anyone buying a boat for that type of money should anticipate a world of financial hurt, you would be far wiser to dig up $15,000 and see what you can get in a nice 30 footer for that money. Go into a SB for close to nothing, you you likely to end up with very little down the road, other than learning the wisdom of this advice, after spending lots of money in various painful ways.
If the seller is asking $1500, he/she probable knows it's worth less than nothing.
Certified...in several regards...