I have bought a lot of bows on ebay with good prices. It's like anything else, it's the luck of the draw. Like buying a used car.
Best thing is to shoot some new bows and see what feels right and what you are comfortable with, then you might know better what to look for on ebay. Since we are experiencing an economic crunch you could find some good deals on used bows.
Make sure of the draw length and what draw weight you are comfortable with.