Thanks for everybody's input, a lot of good things.
The one that escaped my thinking is the low annual hours on the engine.
I should have put the asking price on there, it is $149,500. As I said it seems like a reasonable asking price to begin a negotiation.
Regarding the UL issue, I saw one with long range tanks (106 gallons) leaving a useful of 175, which means I couldn't go......
I thought I saw the Encore upgrade was only around $5,000, not $15K as someone else posted.
231-Flyer, I don't think anybody truly values aviation correctly. There is no way you aren't upside the minute you buy an airplane, your list of items is going to cost $120K, ($45K rebuilt engine, $50K new avionics, new P&I, $25K) unless you want to fly an old airplane. Someone would have to give you the airplane, would you give your airplane away?
I just put this on here to get my brain thinking harder.