Thanks for the responses! I actually told the guy at the LBS that I was looking at buying this used Terry and he offered to let me ride a floor bike so I could get an idea of what it should fit like. Maybe he just wasn't very good at fitting.

I definitely plan on test riding the bike - I am meeting with the guy today so I can check it out. I don't know what I'm looking for in a ride...hopefully I will know if it is a "wrong" fit.