That might be right about the price jack. However, standing asie objectively on this car ,and remember I have already seen it in depth, I would say it shouldn't. That is based upon my view that get a car at a sensible price below 10k like this one is and costing in what still needs doing it makes sense on a value basis. If i had to guess at the sticking point I suspect it will be the colour. First the pics don't really capture the colour that well and secondly this colour probably does not feature that highly on many people's list of wants.
When I look at what Steve and Bob paid and what they needed to do afterwards then this car meets the same criteria, but of course it ain't Blue !!