Realty One Group
According to ABC News the Bitcoin fever is catching the affluent in real estate sales. While most of us are merely following the news of volatility, a few home sellers want to offer the buyer an option paying in Bitcoin. In North Point near Ghirardelli Square, an upscale mansion with a price of $13,000,000 the sellers can also take Bitcoin as payment to allow those instant rich an opportunity to cash out their digital hoard.
The hypothesis is those who strike super-rich can quickly cashing out and allow high end homes to target more home buyers. One discount public brokerage Company stated there has been about one dozen homes where the sellers would accept Bitcoin gets a lot of press coverage. According them, there was a transaction the buyer offered to pay in part Bitcoin and it was accepted by the sellers. The buyer could not sell his Bitcoin to convert to currency he had in mind. He had to walk out of a deal. There has been few isolated cases prviously where the crypto-currency broker was selling his real estate properties to his clients. This kind of story always hints the buyer can get a better deal when Bitcoin value is high but will avoid mentioning when the value tanked.
Awhile ago, I knew a Cisco supplier who was trying to entice the company with opportunity that she will accept Paypal and Apple Money payment. I told her the corporations will pay if she offers Net 30 day, 60 days, 90 day penalty etc. But they do not pay you in Paypal, Apple Pay or Wechat money. Big corporations often delay paying as late as possible.
According to an article from Realtor.com the cryptocurrency using Blockchain Technology will stay. It took decades for credit card company Diners Club to gain acceptance using plastic money. Then Visa, Masters came way later. Until it is understood and accepted by everyone it remains as a curiosity. To this date there are still people who refuse to carry a credit card and insist to pay in cash. Consider the confusion created there will be more home buyers who do not understand how Bitcoin works and may think scammers are selling homes.
The realtors and enterprenuers aste no time as International Blockchain Real Estate Association is getting momentum with 4,000 members from 17 countries are actively pursue opportunities with this currency. So one can download his life savings and the title company take a scanner aim at your phone or wear device to transfer funds for $13,000,000 can be a reality.
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