If you're going to buy a factory action get a used one. No reason to pay for a new rifle for a donor action.
I would go with a Howa made action for a few reasons. First, you'll find them cheaper. I found a Vanguard at the Bozeman gun show a couple years ago for $200.
Other reasons I like the Howa made actions...
One piece ported bolt with M16 style extractor
Integral tapered recoil lug
Flat based receiver
With the 700 you can get a Jewel trigger, but with the Howa/Vanguard you can get a Timney 3 position safety trigger. A 3 position trigger for the 700 will cost you about $125 extra for a special bolt shroud.
If you buy a new Vanguard or Howa, they have a very nice and crisp 2 stage 3 position safety trigger. Unfortunately, they will not tune down any lower than about 3 - 2 1/2 lbs. I'm looking into the possibility of modifying it because it is a very nice trigger IMO other than the pull weight. I bought a 223 Vanguard earlier this year for $469 at Sportsman's Warehouse. That's not a bad price for a donor action and a good trigger.
You can get a B&C Medalist stock for $270 plus shipping @ Stocky's.
I've recently done a couple of Howa builds and a 700 build and the 700 build was a good bit more after I did all the mods. You could do it as cheap as a Howa, but IMO, not as good a final product.
I know a good smith in Three Forks who would do a good job for you with either action and he is not booked up for a year. He could probably get it done in 3 months or less once he had all the components. I can show you pics of his work or you can actually shoot them if you want to make the trip.