I've had a few transactions with newbies for frames or bikes over $500. All went well. In those instances, I always ask for a quick phone conversation before we complete the deal. No one has refused, and things went smoothly.
When I was new here, I purchased a wheelset from a very senior member. It was described as Mint condition, though it was not even close. With a gentle PM, I queried about the condition described vs. received and the answer was, "That's how I got them". So, I steer clear of that guys sales..
Caveat Emptor and all that. As said above, go with your gut.
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