If he is saying the cylinder bore is .003" out of round then it's past reject size. On Briggs aluminum blocks, or lightweight blocks, reject size for out of round is .0025". In his ad description and title he states this block is .003" bored over. If he meant to tell you it's .003" over standard then you could use the Briggs chrome ring set to control any possible oil consumption. These won't require honing or glaze breaking the bore to seat. However, be advised that .003" over standard is on the brink of a worn out bore.
His whole ad sounds fishy to me. If you're still interested in the block you better get clarification if the block is .003" out of round or .003" bored over standard. Also it's imperative you ask about the mag journal size and condition. Reject size for the mag journal is .8726". Who knows the valve seats, guides, and cam journal could be worn as well. You need to ask the seller about these before even considering purchasing.
If I were you I would stay away from this one. IMO it looks like the block is old and you can see rust all over the bare metal parts. I have worked on blocks that have been sitting outside for probably 25-30+ years and dated back to 1965 and never seen one with that much rust build up. His whole ad sounds and looks fishy. You'll need to ask him about any concerns you have.
If you haven't already, it would be of a great interest to you to invest in a Briggs and Stratton Repair manual. The only way to go when rebuilding these small engines.