1. Guns are a funny market. I've seen over $100 difference on the same pistol from two stores a mile apart. kinda like diamonds, everyone that's serious has "a guy". This is one place it definately pays off to shop around and buy in a small mom and pop shop. The big boxes are often way way overpriced. There are a lot of small ffl dealers that will only charge you a $25 transfer fee above wholesale. You make money in guns when you buy them. If the guy trading you paid too much he will have a warped since of what his gun is actually worth. Msrp on that pistol is $600. I found them on the Internet at buds guns for around $400. Add shipping and $25 transfer fee and you are around $450 on a brand new gun. Then discount it since its used. Rock island is a budget brand 1911 some love them some hate them. I've never had one so can't comment on them.
2. In the great state of nc, citizens are allowed to conduct private party transactions without a ffl. The buyer must have a pistol permit or a concealed weapons permit. if its a pistol permit, then you keep it for your records when you sell it to him along with a copy if his drivers license front and back. If buyer has a ccw permit just get a copy if both. When he trades it to you LEGALLY you will need a pistol permit. The biggest liability as far as chain of custody is on the original buyer that bought it at a store. His name is attached with the serial number. If that pistol ever turns up they are going to knock in his door first.
2. In the great state of nc, citizens are allowed to conduct private party transactions without a ffl. The buyer must have a pistol permit or a concealed weapons permit. if its a pistol permit, then you keep it for your records when you sell it to him along with a copy if his drivers license front and back. If buyer has a ccw permit just get a copy if both. When he trades it to you LEGALLY you will need a pistol permit. The biggest liability as far as chain of custody is on the original buyer that bought it at a store. His name is attached with the serial number. If that pistol ever turns up they are going to knock in his door first.
's bow loaded in the truck so you can see what I was talking about.