Factory vs Software Unlocked iPhone

http://www.ebay.com/...1079953555

I want to buy this iPhone 4S off of Ebay. The seller states that the iPhone is NOT factory unlocked, but IS software unlocked. The phone is factory locked on Verizon, and the phone does not come with an SIM card.

As of now, I'm not on a cell phone/carrier plan. If I was to get this phone, I would use it without having any service on it. Would I still be able to access and use every/all features of the phone that do not require data (i.e., Wi-Fi, camera, apps etc) without having to have a Verizon plan?

Well if thats what you want buy a cheaper iphone because at that price you can buy a iphone 5 off ebay

The phone is software unlocked which means if you reset the phone, you'll lose the unlock. I would suggest you to get the phone factory unlocked and you can use the phone normally with all services running properly. Or you can just buy a new factory unlocked iPhone 4S and use it with any prepaid carrier. The price what you're going to pay for that phone on eBay is too much for an used iPhone 4S. You can get a new one if you spend little more than that. If you need unlocked iPhone cheaper and at reasonable price, mail me.