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I agree with krisscross. A bit of surface corrosion is no big deal. Make sure the surveyor looks at it carefully. Price sounds very good for a Pearson of that size and age. But the survey is key. A major issue or two can turn a bargain into a money pit.
 

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Welcome to sailnet. Pearson was a very popular sailboat builder that went out of business about 1990 along with lots of others like ODay, Cal, Ranger, Ericson, etc. The 303 compares pretty well with the similar sized Catalinas of the same vintage. Worth considering if its been well maintained. Make sure you get a survey.
 
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