Buying from an ebay seller who has no feedback.

Hi all i have found an inflatable boat that packs down into a bag but the seller has no feedback where do i stand if the item didnt arrive the boat is £700 and he has agreed to have it sent out to me or i can arrange my own courier.. He currently has 2 items on there and only signed up to ebay some time last month If the item wasnt to turn up would i get my money back? Thanks Ash.

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