Took your advices and I sold it for $650. I felt like I should have sold it for more, but im happy with the profit i got. Thanks guys!
UPDATED: Ugh, the ebay is full of scammers! Within hours of listing the iphone 5s for auction and "buynow" price, i got 2 scammers already. They were being suspicious because they were paying more than the asking price. For example, I set the "buynow" price to 650 and someone bought it. However, that same person then sent me $705 dollars through a fake paypal-like email like verify_yahoo.com or
safetypaypal@in.com. In the fake email, it also asked me to send it to a different address! Basically, the scammers wasted my time. Looks like I wont be getting my nexus 5 anytime soon.
Maybe Swappa.com is something I might have to look into.