1975 Cessna 150M

Hi I am wanting to buy a plane to begin flight training, I found this one on cl locally, looks like I could get it for 11k and just wanted some thoughts on if that is a good price. I know it has about 2400 smoh and 12k hours on the airframe. I need to know what are the important questions to ask before buying.
It just had an annual done so is that equivalent to a prebuy inspection?
How many hours over tbo can these things go, it's already 600 over?
What would be the value of the plane if it needs an overhaul and I want to sell it?
Would this be good to do my ifr training too?
These were the compressions from the annual 76 62 76 74, is the 62 something to worry about?