My opinion: Some of the things to look at:
Serial number? (That will help you id how old it is.)
If it is a detachable magazine, does the stock have a button in the side to release the magazine (Nothing wrong with this, but very hard to find aftermarket DMB stocks that fit. I believe it is relatively easily converted to a blind mag, however. - someone please correct me if this last statement is not true.
Flat back or round back?
Are the scope mounts/bases permanently attached? (I have an older flat back that has front and rear bases permanently attached, likely silver soldered on.) Not necessarily a bad thing, but limits your scope position front to rear, especially with newer shorter scopes. The only way to find out is to remove the current rings, if there are any and look for screw holes in the bases. From what you said about him offering leupold bases, the answer is likely no.
If he will allow you to take the action out of the stock, look to see if it is a three screw trigger. If there is an adjustment screw directly under the sear (on the forward part of the actual trigger) that is a good thing.
Look for rust hidden by the stock.
Yes it can easily be rebarreled.
If it is in relatively good condition (no serious rust) and has the three-screw trigger, it is probably worth the $250 (I've bought worse at that price). If not, you can try to get the seller to come down, but it's probably not a bad deal.
It all depends on what you want it for. For example, if it has a side release magazine (normally considered a con), but you want to keep the original wood stock that is on it, then that is not a con.
Also: read this: http://www.savageshooters.com/conten...Things-To-Know
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