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People may think $27 is high priced but in my area that is the going price and as long as they sell it will remain.
If you look around I think for $27k you may find one with 40k miles if you want lower miles.
I would remain looking for stock except for the exhaust. Also keep with 2003.
Might offer $25.5 and wait. He may call and that is a good Z price as there is a Z06 tax. These cars are limited in numbers and are now on the radar for even non traditional Corvette buyers.
No matter Covid, no matter opinion but C5 prices are going up as they have been very under priced compared to the market. Looking around the same money buys you little anymore.
I definitely agree with this. $20k won't buy much of a fun car, anymore. That's the big reason I bought another C5, instead of an older classic.