Crypto Real Estate Transactions Are Here – Here’s How They’ll Impact You
https://insidebitcoins.com/news/crypto-real-estate-transactions-are-here-heres-how-theyll-impact-you/113658Cryptocurrency may not be mainstream yet, but it’s well on its way to be. Due to the blockchain’s revolutionary power and abilities, it’s no surprise that as cryptocurrency progresses in changing the financial landscape, it impacts other industries along the way. Real estate is no exception—and for that, we should be grateful.
Imagine that — direct, authenticated transactions without someone else having to do it for you. Crypto real estate transactions might be increasing in popularity due to this particularly desirable aspect alone!
So who are the new participants in this crypto-readied real estate world? Deedcoin is a tokenized platform that “replaces the way customers find their next real estate agent. Instead of choosing a random 6 percent commission agent, customers access [the] platform, input their property information, and link up with their local Deedcoin agent for 1 percent commission.”
What does that actually look like? For example, “a family with a $300,000 home for sale can continue their lives while they get a full-service local agent and tech-based platform for ⅙ the regular cost. This family can pay a fair price of $3,000 to sell their home instead of losing $18,000 of the most valuable thing they own with a traditional agent.” Property owners in the United States stand to lose $900 billion in commission fees out of the total $15 trillion they hold. Deedcoin isn’t for buying homes, but it helps you save 80 percent or more on commission fees and hooks you up directly with an agent.
