Thanks man I have seen Lynn Abram's video quite a few times and i have already purchased a strop, brush, mug and soap.
A few people on the site told me that eBay really was not a place for a beginner to buy a razor but since I do not have many options, it seems I must resort to it.
The pics I posted of the razor were so that I could get an opinion on whether I should buy it (and then of course send it to a professional for a proper honing).
So far you guys seem to think that this razor seems alright and I will follow your advice and purchase it.
I basically wanted to know if the rust that has been removed makes the razor unusable because reading about it or having someone with experience tell you if it's okay or not does make quite the difference.
In any case I will try to win the bidding war and keep you guys updated.
Thanks