I finally got to talk to the owner of the bike and I got some more information on it. First off, the bike has had some work done to it. The previous owner upgraded the appearance (gas tank, rear fender, turn signals, and a few other things). The bike doesnt really resemble a ’78 but looks like a newer age motorcycle. There is only one small spot of surface rust on the bike but the rest looked new.
I havent gotten to see it run yet, but he told me that it starts and runs great and he has never had a problem with it. The current owner had the carbs rebuilt in Sept. ’09 and has also put a new battery and spark plugs in it within the last few months.
The only problem that it has is that one of the gaskets drips a little oil onto the tailpipe and needs replaced. He also said that the push start button is missing and needs replaced. He is selling because he has two young children and also started coaching baseball this spring and just doesnt have time for it anymore.
At first I was really turned off by the age of this bike, but after going back and looking at it closer and talking to the owner, it seems to be in excellent condition. I took some pictures the last time I checked it out so I will see if I can post them on here. Thanks for the help guys and I will keep you updated.