Thanks for the info. I setup a bank account for the bitcoin sale in Coinbase. Once the deposit verification process is sucessful, I will transfer the contents of my bitcoin wallet from Blockchain to Coinbase and proceed with a sale. 
Just a tip: The blockchain is currently heavily congested(around 200,000) with unconfirmed transactions; so you might need to set up a significantly bigger transaction fee for your transaction to go through in less than a day. If you're not willing to pay huge fees, I'd personally wait a bit. Your choice though.