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I'm also in the market for a 77 through 83 and have looked at that ad a couple of times. Agree with others that it looks like a nice job on the restoration. I would want more details on the AC and PS as I suppose neither was factory. Also I don't think that color is original; at least not if the color code chart in the 40 FAQ is correct. Medium Blue (857) wasn't available until two or three years later and that is definitely not Sky Blue (854). Personally I don't like the color but that's just my preference. You say you've checked the VIN so do you have a photo of the VIN and the Data plate (on the firewall under the hood)? That would give you the original paint code.
Lastly, the price seems high to me but the owner could easily have that much or more invested.