Something I would want to know about a used generator would be how many hours was it actually used, and how often was it fired up. I have one in my garage that hasn't been used in 4 or 5 months, so a few days ago, I pulled it out of the garage and turned it on for 20 minutes. You don't want the gasoline to gum up the fuel lines and carburator.
I'd bought one used, and it was only used once. I used it two more times after that, but didn't turn it on monthly as recommended. That is what apparently fouled the lines, and the next time I needed it, not only could I not start it, but I broke off the fuel line from the gas tank trying to resolve the problem.
I had to buy a brand new one, but I was very glad I did. We didn't have power for 17 hours straight - and there's a thread about it here with the massive flooding Frank photographed that day.
http://www.dfwmas.org/Forums/viewtopic.php?t=30889&highlight=flooding
The next day, I took the broken one to Home Depot and asked them to just fix it. My plan was to get it back in good working order, and sell it here on the board to someone to help recoup some of the expense of the brand new one. However, Home Depot instead offered me a full refund of the old one, and applied it as a store credit to the brand new one. I ended up paying $160 for that replacement.
Something else that was recommended to me was to add fuel stabilizer to the gasoline, which I've done. You might ask the seller if they did the same, as the lack of it could affect how the generator works in the long run.