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Topic: Buying real estate with Bitcoin (Read 1258 times)

hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 21, 2020, 02:35:32 AM
sooner or later realestate large companies will definitely accept bitcoin or cryptocurrency. This is only a small comparison, namely a large smartphone company, that is, Samsung currently uses blockchains on its newest smartphone, it proves that cryptocurrency must be received sooner or later.
they will surely do because the trend is coming and cryptocurrency are really entering each areas of investments,so how come that real estate can deny the offering of much better profit than fiat?
I think it can be done, if all real estate parties understand bitcoin. Unfortunately, in the real estate company there are still many who do not understand bitcoin, so it is very difficult to explain them from the start ... !!

I think it is only a matter of time for the real estate entrepreneur to open himself up to the opportunity for bitcoin to come in as a payment other than FIAT, because as we know in the automated world itself, now it has begun to apply for payments via bitcoin, so it is not impossible in the future real estate could be one part of bitcoin entering their business world
they are still looking for assurance because the volatility is really hindering them to accept the Bitcoin as payment but sooner?when realization comes?i am sure they will accept crypto as payment and they will also invest inside our market for another profiteering.
hero member
Activity: 1722
Merit: 895
February 21, 2020, 02:32:39 AM
I think it can be done, if all real estate parties understand bitcoin. Unfortunately, in the real estate company there are still many who do not understand bitcoin, so it is very difficult to explain them from the start ... !!

I think it is only a matter of time for the real estate entrepreneur to open himself up to the opportunity for bitcoin to come in as a payment other than FIAT, because as we know in the automated world itself, now it has begun to apply for payments via bitcoin, so it is not impossible in the future real estate could be one part of bitcoin entering their business world
sr. member
Activity: 2016
Merit: 456
February 21, 2020, 02:13:30 AM
I have read an article about a car dealership in Texas, USA accepting bitcoin to pay, even a Rolls-Royce car, It is also a great asset. So using bitcoin to buy real estate is feasible, it's just a matter of sooner or later and maybe it happened.
for now, buying a car using bitcoin is very common, even many online sites make that kind of thing. however, this means we can use bitcoin to buy another real estate. I also know many people who bought real estate from Bitcoin in 2017.
I don't know if this site is authentic or not, but I see they sell cars with bitcoin.  BItcars
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
February 20, 2020, 04:03:55 PM
We could just buy real estate with bitcoin, but the conditions are whether the country where the real estate has legalized bitcoin.
If the country prohibits the use of bitcoin as a payment then this real estate transaction cannot occur. If a transaction is forced
to occur, it will involve legal problems in the future. It turned out that real estate sales were not legal.Because buying real estate
is different from buying goods, there are a number of documents that must involve government institutions.
Isn't it obvious that you can't make purchase of real estate using bitcoin if making transaction using bitcoin or any crypto currency is illegal on that country? Its not only real estates; you won't be able to use crypto currencies for making any kind of purchase, even a cup of coffee. Again, if you are saying bitcoin is illegal just because the country has declared bitcoin as not a legal tender, then you are wrong. Not being a legal tender does not necessarily mean that usage of bitcoin is illegal. If both the parties agree to accept bitcoin as a form of payment, then you can proceed with the transaction. You can still buy real estates using bitcoin in this case.
sr. member
Activity: 445
Merit: 250
February 20, 2020, 01:27:31 PM
I have read an article about a car dealership in Texas, USA accepting bitcoin to pay, even a Rolls-Royce car, It is also a great asset. So using bitcoin to buy real estate is feasible, it's just a matter of sooner or later and maybe it happened.
Somewhere around the world you can buy something to Bitcoin, just now because of market instability and not so high prices, Bitcoin is not as popular as it was in 2017.
full member
Activity: 412
Merit: 101
February 20, 2020, 10:17:17 AM
I have read an article about a car dealership in Texas, USA accepting bitcoin to pay, even a Rolls-Royce car, It is also a great asset. So using bitcoin to buy real estate is feasible, it's just a matter of sooner or later and maybe it happened.
full member
Activity: 1274
Merit: 104
HEX: Longer pays better
February 20, 2020, 10:08:58 AM
#99
sooner or later realestate large companies will definitely accept bitcoin or cryptocurrency. This is only a small comparison, namely a large smartphone company, that is, Samsung currently uses blockchains on its newest smartphone, it proves that cryptocurrency must be received sooner or later.
hero member
Activity: 742
Merit: 507
February 18, 2020, 05:28:47 PM
#98
There have been offers on the market for a long time, but, for the most part, in any case, people do not yet trust such a purchase en masse. Too strong a bitcoin exchange rate can change, and if it grows, it’s good, but if it falls, then it incurs losses for the seller.
full member
Activity: 896
Merit: 108
February 18, 2020, 05:10:48 PM
#97
I don't think its possible to directly transact real estate transactions with bitcoin, too many legal issues. Maybe someone buying a car and the seller is accepting Bitcoin is something common but for real estate its not really possible to do directly.

Basically your real estate lawyer needs to get your funds to send to the sellers real estate lawyer, he most likely won't accept Bitcoin. Neither will the other lawyer. And if the seller still has a mortgage on their property the bank will want actual fiat and not Bitcoin to close the mortgage. I just don't see this being widely adopted anytime soon. Also what happens if the transaction is double spent? Exactly. Too many things can go wrong.
It's not easier, it looks even harder. Especially if you already talk about the law. We know that bitcoin is full of controversy and its use is restricted in some countries. So this needs to be studied specifically so that it is not in vain. If fiat is more effective, why complicate it? Is not it?

Another story if the real estate provider offers alternative payments with crypto, surely they have also considered it legally. But if you remember cryptocurrency is very volatile, it's quite difficult to be used as a price reference.
full member
Activity: 1736
Merit: 116
February 18, 2020, 11:53:27 AM
#96
We could just buy real estate with bitcoin, but the conditions are whether the country where the real estate has legalized bitcoin.
If the country prohibits the use of bitcoin as a payment then this real estate transaction cannot occur. If a transaction is forced
to occur, it will involve legal problems in the future. It turned out that real estate sales were not legal.Because buying real estate
is different from buying goods, there are a number of documents that must involve government institutions.
hero member
Activity: 1372
Merit: 564
February 18, 2020, 09:57:09 AM
#95
You can purchase real estate for Bitcoin, using sites such as Bitpremier and there is nothing unusual about it. But all these sites use a third party payment processor to immediately convert your coins to fiat currency. You are paying the amount in Bitcoin, but the prices are pegged in either United States Dollar or Euro and in the end the individual who is selling the property will be receiving the money in fiat. Due to the volatility associated with Bitcoin, it is not practical to accept it directly for such transactions.

That's the real issue. Why accept Bitcoin if you're going to quickly convert it to Fiat? If Bitcoin wants to be used as a real currency for day-to-day transactions, people and mainstream businesses need to "hodl" it instead of converting it to another currency. Of course, this is largely attributed to Bitcoin's volatility in price across the market. As long as Bitcoin fluctuates in price, businesses and merchants will have no choice but to convert BTC into Fiat for financial stability.

I'd be surprised to see real estate companies accepting Bitcoin directly without having to rely on a payment processor for immediate Fiat conversion. But so far, nothing like this exists yet. I believe that the most trustworthy way to buy real estate is through BitPay. After all, it's one of the most trusted payment processors for BTC to Fiat transactions in the mainstream world. I've seen many shady companies accepting Bitcoin for payment which are not widely recognized worldwide. To my knowledge, renowned real estate companies in the US haven't accepted Bitcoin yet. So it'll take a long time before someone will be able to buy real estate confidently with their Bitcoin.

Nonetheless, time will tell us if accepting Bitcoin or any other cryptocurrency for real estate will be worthwhile. As long as the crypto/Blockchain space remains widely unregulated, mainstream real estate companies will continue to rely on Fiat payments within the mainstream world. Just my thoughts Grin
You have a point its good to hold your Bitcoin than converting it in fiat than used it for your daily liviing, also still good to have Bitcoin for long time because the value of it is increasing. Also I feel regret for not having take advantage of a situation to hold it for long time especially when the value of Bitcoin rise. I think before I buy a real estate Im make sure I have extra money through my salary from my work so that my bitcoin will remain to my wallet and hold it.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
February 14, 2020, 12:41:53 PM
#94
You can purchase real estate for Bitcoin, using sites such as Bitpremier and there is nothing unusual about it. But all these sites use a third party payment processor to immediately convert your coins to fiat currency. You are paying the amount in Bitcoin, but the prices are pegged in either United States Dollar or Euro and in the end the individual who is selling the property will be receiving the money in fiat. Due to the volatility associated with Bitcoin, it is not practical to accept it directly for such transactions.

That's the real issue. Why accept Bitcoin if you're going to quickly convert it to Fiat? If Bitcoin wants to be used as a real currency for day-to-day transactions, people and mainstream businesses need to "hodl" it instead of converting it to another currency. Of course, this is largely attributed to Bitcoin's volatility in price across the market. As long as Bitcoin fluctuates in price, businesses and merchants will have no choice but to convert BTC into Fiat for financial stability.

I'd be surprised to see real estate companies accepting Bitcoin directly without having to rely on a payment processor for immediate Fiat conversion. But so far, nothing like this exists yet. I believe that the most trustworthy way to buy real estate is through BitPay. After all, it's one of the most trusted payment processors for BTC to Fiat transactions in the mainstream world. I've seen many shady companies accepting Bitcoin for payment which are not widely recognized worldwide. To my knowledge, renowned real estate companies in the US haven't accepted Bitcoin yet. So it'll take a long time before someone will be able to buy real estate confidently with their Bitcoin.

Nonetheless, time will tell us if accepting Bitcoin or any other cryptocurrency for real estate will be worthwhile. As long as the crypto/Blockchain space remains widely unregulated, mainstream real estate companies will continue to rely on Fiat payments within the mainstream world. Just my thoughts Grin
full member
Activity: 2590
Merit: 228
February 07, 2020, 12:27:08 AM
#93
As long as the price of bitcoin is constantly changing, no one will want to sell or buy real estate in this way. It seems to me that only stablecoins can be used in this case
so what do you mean?it is impossible to happen that bitcoin can be used as payment method for real estate ?is that a joke mate?
there are time that Bitcoin can be a payment specially when both are crypto user the buyer and seller just like what said above me.

maybe in some fees there will be fiat concerns as the attorney and other people might need to be paid by fiat.
legendary
Activity: 3766
Merit: 1217
February 07, 2020, 12:25:51 AM
#92
You can purchase real estate for Bitcoin, using sites such as Bitpremier and there is nothing unusual about it. But all these sites use a third party payment processor to immediately convert your coins to fiat currency. You are paying the amount in Bitcoin, but the prices are pegged in either United States Dollar or Euro and in the end the individual who is selling the property will be receiving the money in fiat. Due to the volatility associated with Bitcoin, it is not practical to accept it directly for such transactions.
hero member
Activity: 2744
Merit: 702
Dimon69
February 06, 2020, 08:56:30 PM
#91
I think there
Maybe in some countries, they do accept Bitcoin as a form of payment for real estate properties but in my country, I don't think it is possible yet unless the owner is also a Bitcoin enthusiast and would prefer Bitcoin payments than fiat. So far I haven't heard someone do this in buying real estate property as the most possible way would be exchanging Bitcoin to fiat first before buying. As we all know, Bitcoin and the whole crypto is very unstable so I don't think this will be possible in the next few years or so.
There are already companies who accept BTC in their real estates business though it's still limited. I remember the very famous Primalbase Project before which sold out in few days in their ICO. They are building their buildings now in different countries and investors pay thru BTC. Existing real estates companies may not accept the risk as its volatile but those who are starting can consider it as long as they know how to trade or knows how to handle the risk.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
February 06, 2020, 08:49:25 PM
#90
I don't think its possible to directly transact real estate transactions with bitcoin, too many legal issues. Maybe someone buying a car and the seller is accepting Bitcoin is something common but for real estate its not really possible to do directly.

Basically your real estate lawyer needs to get your funds to send to the sellers real estate lawyer, he most likely won't accept Bitcoin. Neither will the other lawyer. And if the seller still has a mortgage on their property the bank will want actual fiat and not Bitcoin to close the mortgage. I just don't see this being widely adopted anytime soon. Also what happens if the transaction is double spent? Exactly. Too many things can go wrong.
maybe it depends in which country we were?or who will be the buyer and seller?because since this is tackled here in crypto forum i think the main objective is to buy and sell with crypto enthusiast as well?i mean the buyer knows Bitcoin as also Seller so they can make a good dealings using Bitcoin?
sorry i am not that knowledgeable in real estate policy and rules but in my opinion that is basic to understand if both parties are Cryptonians.
jr. member
Activity: 168
Merit: 2
mada mada dane
February 06, 2020, 08:25:30 PM
#89
Maybe in some countries, they do accept Bitcoin as a form of payment for real estate properties but in my country, I don't think it is possible yet unless the owner is also a Bitcoin enthusiast and would prefer Bitcoin payments than fiat. So far I haven't heard someone do this in buying real estate property as the most possible way would be exchanging Bitcoin to fiat first before buying. As we all know, Bitcoin and the whole crypto is very unstable so I don't think this will be possible in the next few years or so.
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
February 06, 2020, 02:17:09 PM
#88
Of course, one can buy real estate with Bitcoin, here one of many websites out there https://bithome.ch/.

I can't vouch for them or haven't done any research so advise to check everything before using.

There is plenty of such services on the web just search in Google: "Buying real estate with Bitcoin" and you will see/find them.

Additionally, there are already projects like Atlant which want to tokenize properties and sell them on a free market in centimeters, just imagine that.

sr. member
Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
February 06, 2020, 09:35:32 AM
#87
With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts? Huh
Bitcoin is seemingly getting closer to mainstream or we could simply say that is already been in adoption. Thus, I am pretty sure that there will be few businesses or companies who already have been accept this kind of monetary system. Moreover, since it is already been introduced and saw its potential I am pretty sure sure that there will be some individuals who is willing to take Bitcoin as payment for their P2P transaction. Hence, procurement of real estate via Bitcoin is therefore possible.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 06, 2020, 08:17:12 AM
#86

some people have done that, even when you find out, surely you will see some people selling real estate for bitcoin, so I think there are some people who want to exchange bitcoin for it, especially for those who have benefited. So far, I have seen a number of times people exchange bitcoin for real estate, and for now, it's quite easy.
what do you mean by "For Now It's Easy"?can you please explain what does it mean?

yeah using cryptocurrrency to Purchase real estate is easy but accumulating bitcoin is harder than getting fiat.
As long as the price of bitcoin is constantly changing, no one will want to sell or buy real estate in this way. It seems to me that only stablecoins can be used in this case
same thoughts here mate,why would we needed to use crypto when we can just use fiat?not unless we are overflowing of bitcoins like whales so it is easy for them to just spend this precious currency.
but for us small time holders?i will prefer using physical money than my cryptos.

Stable coins are not so reliable and since real estate business involves a lot of money, I will never risk this much amount of money in stable coins. Rather I will prefer fiat currency for the real estate business and wait for bitcoin to become more stable and less volatile.
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