Buying Real Estate with BITCOIN...

By
Real Estate Broker/Owner with 1st Prime Realty CA BRE LIC 01456248

Buying Real Estate with BITCOIN, is it possible?  What is BITCOIN? BITCOIN is a Cryptocurrency(Encrypted), which is Transferred from Peer to Peer.  The Block-Chain is where BITCOIN travel through.  Once you Transfer your BITCOIN to another BITCOIN user it can't be returned, unless the receiving party is willing to grant a refund.  In the scenario of using BITCOIN as a method of Payment for Real Estate, it's possible.  However there are some Risk:  BITCOIN fluctuate in Value, It's possible to send to the wrong BITCOIN user's Wallet, Fraud, Money Laundering, etc.

If you are willing to accept BITCOIN from a Buyer of your Property, Do your Due Diligence.  BITCOIN will be an Alternative on how People Purchase Real Estate.  In 2010 One BITCOIN was Worth $.08, Today it's Value is $6,330 for One BITCOIN.  In December of 2017 BITCOIN almost reached $20,000 per BITCOIN.  Seller's beware of how BITCOIN Value fluctuate without notice. My suggestion if you are accepting BITCOIN for the purchase of your Propety, 70%+ Cash minimum, and the remaining BITCOIN.

If you are someone you know are in the Market of Buying or Selling a Home in San Diego County, California:

Call 1st Prime Realty

 

Don Alexander Real Estate Broker

1st Prime Realty

619-581-4255

CA D.R.E Lic.01456248

Posted by

Don Alexander REALTOR/Broker

1st Prime Realty

619-581-4255

D.R.E Lic.#01456248

Comments (1)

Dena Smith
DSmith Realtors - Irving, TX

What a great explanation about how BITCOIN works! Others have tried to explain this to me, but now I understand much better. Thanks!

Oct 23, 2018 06:32 AM

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