Is selling a water damaged IPhone on ebay safe?

I recently put my old iphone on ebay to sell. It has siginficant cosmetic damage as well as been dropped in the toilet. (I wrote all of this in the description) Before I submitted the listing an ebay warning popped up saying make sure I delete all of my info and reset the phone to factory settings to protect myself. But the phone is water damaged and will not turn on or connect to itunes, so there was no way for me to reset anything to factory settings. Because of the water damage my stuff on my phone is gone, right? And it is ok for me to sell it?

Water damaged doesn't mean your stuff has gone in water. You need to get the phone reset but as the phone won't turn on, there's no way you can do it. Put it up on Craigslist too.