Unless you set it up correctly...
People often mistakenly equate weight distribution to the understeer/oversteer propensity of the car. The suspension can be tuned to match the weight distribution, among (many) other things. You can take a 70/30 car and make it have steady state oversteer. Weight distribution/location does affect the rotational inertia of the vehicle. The more centered the mass, the easier it is to change it's velocity. This is good for quickness (anything involving changes of direction) but also has a destabilizing effect (less resistance to turning, i.e. less time to react, harder to correct, more sensitive to inputs, etc.).
The other point is that a front heavy, rear-drive car will be at a disadvantage regarding traction on acceleration. There are myriad things that affect vehicle dynamics and you can't chalk up a car's handling to just one of them, e.g. weight distribution.
Veering back on topic, looks like the owner has already dropped down to $1250 upon realizing that it's a 1600 and not in the best of shape...