Age have very little to do with it. How it was rigged, maintained and stored are the critical factors. Back about 2,000 a dealer offered me a great deal on the three-year-old 19' Sprint bass boat with no motor. The owner had upgraded boats and put the motor on the new hull. Knowing a little bit about them, I noticed there was no signs of Silicon sealant that's used to seal the bolts, stuck to the back of the hull and looking in the bolt holes, they were black inside. Soooo, I stuck a 1/2 bolt with large washers on both sides with a nut on it and started tightening them down. On a good wood transom, it should barely pull into the glass surface. On this one, after the inside washer got about a 1/4" deep, and still not real tight, I asked him how much he was going to give me to haul it off for him.
The thing about buying older boat is knowing what to look for and how to check them, and know how the boat was stored. If it was one of those you see sitting out, uncovered, after that long, it's probably junk. A good indication of that is what kind of shape the gel coat is in.
Then there's the motor. It's critical to do a leak-down test on it and see what kind of oil he ran in it. If it was that cheap stuff, (which wears a motor a lot worse and creates mover carbon build up), that's a good indication he probably didn't spend the money to properly maintain it either.
If it's valued at $7,000, and that's what he's asking, it had better be good, well maintained condition. That leaves no room to repair problems you will find once you get it. A new water pump can cost you several hundred dollars, which I always replace on any motor I buy. If it's been sitting, carbs or FI can run several hundreds to rebuild.
If you take it to a dealer and have him go through the stuff that should be done every couple of years, you are probably looking at $700 to $1,000 minimum.
Now, if you are like me and can fix anything about one yourself, you might not need that buyers cushion in the price. However, that is still no guarantee. I probably know boats and motors as well as anyone on this planet, add because of my confidence in being able to repair any problem, I've still been burned on a couple. Like checking a motor and see low compression on a couple of cylinders, normally less than $1,000 for me. However, pull it down and find the block and crank is bad also, which makes it a junk motor. That's $1,000 repair just turned into a several thousand-dollar repair.