If I was in your shoes I would sell as is..Be honist and let the person know what is wrong. If you have it fixed your able to get yourself into a mess and have it cost more then what you thought and you'll never get your money back. There may be a reason for that gasket leaking and it will take more then just slapping on a new gasket. I myself would sooner buy a tractor "as is" that way I know what was wrng and HOW it was fixed other then going on someone elses words. Another thing when it comes to paint alot of people are different. Sometimes i see a not so nice paint job thrown on a tractor and it may have been nicer just left alone. If the future owner is not pleased with the paint in his mind he is thinking about doing it all over and how much time and money is involved and walk away before a deal is made. Just my 2 cents worth.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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