I'm not saying not to buy it, I'm just saying don't pay more than $50. The list of reasons why the offer price is so low is cuz the components suck, you'll prob. need to replace the stem and saddle, maybe true the wheels, re-grease the hubs and bb, replace the chain and cassette, replace the brake pads and maybe the brakes themselves, tubes, tires, etc. All that adds up to and has to come from somewhere and the somewhere it comes from is the difference between his asking and your maximum offer prices.