Welcome to the site, and to the boating world. Wellcraft is no better or worse than any 36 year old production boat. I d look at the transom for cracks in the corners or flex when handling the motor. Look for soft spots in the deck and up on the cap. I m guessing it has the original fuel tank, so stick your head up under the console and see if it has a gassy smell and check out the wiring while under there, look down in the bilge and check where the stringers meet the transom.
That vintage Mercury is not that bad, do a compression check, make sure it s firing on all 6 cylinders and the stator is charging the battery. Check out the steering, make sure it s smooth and not binding.
For that price, u don t get too much anymore,
Hopefully some of the other members will add what i forgot
Good Luck
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