Guys be careful about this. Huge amount of money, OP pays $50 over the current price and he's a newbie. If anybody decides to deal with him, escrow is a must.
OP I have a suggestion for you that will save you a lot of money. Go to
www.coinimal.com. They have just started a service of exchanging BTC for Paypal. Amounts are unlimited, you just need to e-mail the support. No verification needed. And you will also save about $50 per coin which is a lot of money!
it's a new service no. Also in using local bitcoins escrow so I'm the one taking the risk. I might be new here but I'm surely not new there.
Shdvb rate is higher than mine btw so we couldn't agree.
EDIT: I'll contact conimial to see