You should be fine....
As others have said, you should be fine, (assuming all other aspects of the boat are ok). In 2013, I bought an immaculate 2004 Cobalt with 700 hours on it, (496 HO engine). It was very well maintained and the marina that took it in trade had all of the original owner's maint records. They went over the engine...compression test, etc., and said it was A-OK. I never had one single issue with it. I was a little apprehensive at first, buying a boat with 700 hours on it, but it turned out to be a non-issue. I just traded it in two weeks ago for something newer/bigger, but it was, (and still is!), an awesome boat.
Good luck!
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