Topic: Buying real estate with Bitcoin - page 2. (Read 1258 times)

It is indeed a great development if we achieve the system where real estate could be transacted using bitcoin, I have read about the news before concerning a condo unit sold using bitcoin, though, that isn't real estate or land in the first place, it is near to the achievement of transacting real estate in the future. It might have a lot of diffulty for now as there isn't any strong laws and regulation or there isn't any at all, but sooner or later, when I do really think of it as possible. Think of a record concerning an investment rather than fiat, used to buy expensive things, if that is possible, bitcoin as well should be.

At least, a reputable Bitcoin merchant gateway is offering real estate services. But still, it's odd to find mainstream companies selling lands or houses in exchange for Bitcoin. After all, the world's largest cryptocurrency by market cap is still heavily unregulated worldwide. Not to mention, prices are volatile to an extent where the realtor could lose profit in an instant. It's better to use Fiat or even a stablecoin for this matter, in order to prevent many undesired losses.

Believe me, the time will come when Bitcoin will become useful as a currency for day-to-day payments. Scalability issues need to be solves ASAP in order to make Bitcoin a practical cryptocurrency for everyone. Luckily, the Lightning Network aims to change the way we use Bitcoin as a real currency and not as a store of value. With this, real estate companies can begin offering their services to people around the world without paying hefty fees or waiting hours for transactions to get confirmed on the Blockchain. The only downside is volatility as I've said earlier. But with a much liquid crypto market, this will be a thing of the past.

Nonetheless, with a proper regulatory framework from worldwide governments, it's possible that serious investors and mainstream companies will start adopting Bitcoin for their own benefit. This may take some time though, since governments are still finding their way into the crypto space. Hopefully, we'd get to see renowned real estate companies accepting Bitcoin payments within a couple of years from now. Just my opinion

btc born as a volatile coin and i think it will also die this way  . that is why they built stable coins so that people can choose them if they prefer something that is stable  . stable coins are reliable because they are stable but btc arent   .

 stable coins are more suitable then to be used on this transaction because huge money is involved on here  . no one wants to regret once the deal was close because of the unstableness of the price  .  still there are people already done buying and seeling using btc and they are satisfied   .

Bitcoin is also a form of currency and its function for payment.  I have heard in the past that I can buy a car, buy a coffee or anything the authorities allow.
The case of real estate companies that allow Bitcoin payments is unlikely to be feasible and I don't know any company that can accept Bitcoin because of the unstable liquidity of Bitcoin.  I think that Bitcoin should only exist in private agreements and when carrying out legal procedures they should be implicitly declared to be a legal currency.  That means a Bitcoin exchange agreement between the owner and the buyer of the property.

Well, I'm not sure but I think I already saw a thread here stating that there's a country wherein a real estate company now accepts payment through bitcoin but not really sure maybe I have to try finding it but anyways, I think with today's adoption of bitcoin it is not impossible that some companies are now thinking of using bitcoin as another mode of payment. As far as I know, in our area, the only establishment that accepts bitcoin is a restaurant and a travel agency but haven't heard about real estate in our area.

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

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.

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.

If we are talking about these days?no i wont let my Bitcoins spend to buy real estate (but of course my bitcoin is too small so far) and i rather use fiat first as i want to keep holding my Bitcoin because i believe that all of my patience will bring me more profit.

I remember there are some post in the past that sell house and lot right?here in forum?but i think no one claims to buy as for security reason.

For those who are planning to use crypto this early buying real estate?Better think first because future will give us profit if we can wait.

I think it is depending on the need of a current person. Not every one of us is keeping bitcoin for our whole lifetime, Most of us want to earn profit from it and buy some things/property that we really want for. It is like working on a job and not spending the pay you are getting for. We use bitcoin because of its benefit and its benefit can be the one who can make our goals real.

Of course if one of your goals is to buy some real estate to live for, It's possible to pay bitcoin for it. Finding someone who sells a real estate in exchange for bitcoin is one of a way of buying it like peer to peer transactions.

For real? I have seen a lot of sites that are accepting Bitcoin for payment for real estate. Since, I don’t invest in real estates I don’t know whether they are legit or not.

You can even sell your real estate for Bitcoin by using bitpay.com/real-estate. This is the only one I know that is legit because Bitpay is a well known platform. Their processing fee for receiving Bitcoin is 1%, as for someone that is sending I don’t know how much the fees are. The process is simple, though there is a paperwork to do, and then your buyer will receive an email from BitPay, and pay at a locked-in exchange price, which is then converted to your local currency before it’s sent to your bank account.

Let's say the will accept bitcoin as a payment, but the real question here is, are you willing to spend your bitcoin just to buy real estate?, I am sure you don't. You might be wondering why, oh well, let me tell you, the price of bitcoin has more capability of giving your profits if you are going to compare it to real estate. For example, you own 1 bitcoin, and your friend own a real estate, after a year, you earned more profits than your friend, I am sure of that.

It is about using and spending wise, not just randomly buying things that could be bought by bitcoins, it doesn't work that way if you really care about your profits that you could earn in the long run.

The only instances where one could buy real estate with Bitcoin is if the company behind real estate property perhaps, do know the concept of blockchain technology and cryptocurrency and if it decides to do so, or if cryptocurrency is widely accepted in that particular country. But such instances are rare and also, the point that Bitcoin is better as an investment, is another thing to use it to buy things. But who knows, maybe someday we would see transactions of such.

Hi it is used and legal in Czech Republic in EU
see www.homehunters.cz

i remember years back i have seen some post here selling their lots and houses so nothing  is new about buying real estate using bitcoin.
there are other thread about expensive cars being bought using bitcoin right?
i think what we only need here is to find legit seller and make a deal,though i am thinking about Holding my Bitcoin than spending it to real estate or cars .

Yes. People can still use Bitcoin for buying/selling real estate by relying on a middleman for transaction settlement. Still though, a realtor company offering services in exchange for crypto would've been great to have within the mainstream world. I'm sure that if there's enough demand for crypto within the business world, realtor companies will be the first ones to accept Bitcoin for daily payments. The pioneer cryptocurrency has a better chance of being accepted for real world commerce than other altcoins being traded on the market today. This is mostly because Bitcoin has better branding/recognition worldwide. But first, the industry needs to become regulated by worldwide governments in order to give Bitcoin a level of legitimacy in the mainstream world.

With proper regulation of crypto, serious investors will be willing to flow cash into mainstream companies. Realtor companies will see it beneficial to adopt Bitcoin according to its high demand worldwide. But as long as Bitcoin remains widely unregulated and volatile in price, Fiat will continue to be the payment of choice for real estate.

Nonetheless, time will tell us if we'd ever get to see a mainstream company accepting Bitcoin. But I guess that there are more important things to focus than using Bitcoin for real estate. Just my opinion

That's certainly true, mate. Japan has been quite fond of crypto and Blockchain technology for some time now. I wouldn't be surprised to see real estate companies having prominence within Japan because of this. But I believe that other countries would need to follow, if they want to stay ahead in the game. It's no secret that the Blockchain industry is still widely unregulated these days. This explains why prominent countries like the US and UK haven't adopted crypto for many services in the mainstream world. As soon as crypto becomes widely recognized by governments as a legitimate form of payment (while prices stabilize across the market), you'll start seeing real estate companies offering services to their customers via Bitcoin or other popular cryptocurrencies we know and love today.

We're still early to see something like this become a reality within the mainstream world. Which is why, I believe that we should give crypto and Blockchain technology a little more time before they become mature enough for mainstream use. With due time, not only we'll be able to pay with Bitcoin for real estate, but also for healthcare, transportation, and more. Real estate is just the tip of the iceberg, in my own opinion.



So far, people have sold their estate in a P2P manner via this very forum using Bitcoin. But no real estate company has come up with something like this yet. Maybe we're still early to talk about this, since Bitcoin is still not useful as a currency for daily payments. The Lightning Network helps, but it's still in its infancy. I believe that stablecoins will better suit this purpose than Bitcoin itself. It's up to real estate companies whenever they'll want to accept crypto for payment or not. After all, Fiat has been the most stable (and reliable) form of money for quite a long time. These companies need something that's stable enough in price to maximize their profits as much as possible. A volatile cryptocurrency like Bitcoin in its current form is terrible for real estate.

But who knows? With so many companies and startups accepting Bitcoin, there's a chance that we might be able to pay with BTC to a realtor. As long as there is demand from people into Bitcoin, mainstream real estate companies could adopt the cryptocurrency for their own benefit. Still though, the volatility of Bitcoin would make these companies convert it quickly into Fiat (or a stablecoin) in order to maintain their capital. Time will tell us whenever Bitcoin real estate services will come a reality within the mainstream world or not.

Yes, why can't we use bitcoins to purchase real estate unless and until the individual selling the property accepts bitcoins as a mean of payment. The users of bitcoins have grown from a large number and we can now find most of the technical driven people dealing with bitcoins as an extra source of income.

There are millionaires and billionaires over here who would have made such huge amount only because of bitcoins and why won't they like to buy or sell their property for bitcoins. Instead there should be a group where we could trade for properties nationally for bitcoins. This would be really great in order to start using bitcoins to the maximum.

Good to know that right now there is someone who are buying a real estate using a bitcoin because it is very rare case that a people will be able to buy real estate using their bitcoin because it is a matter of fact that people is having to adopt the modernization and evolution that is happening right now. It will also good if you will be able to find a person who is selling a real estate that is accepting bitcoin as a payment option. Hope you to find a good and crypto enthusiast seller.

If ever the government is included in the deal of real estate property than you can never use cryptocurrencies for payment unless and until they are legalized in your country. Government also does charge some amount of tax on each property purchase so you also have to take care about it. What I think is you can actually avoid that tax by paying in bitcoins.

But, maybe this is not legal so always follow your lawyer and ask for advice. It would be better if you or OP can convert bitcoins into cash first and then make a real estate purchase as it would be much easier. There are few platforms where you could rent apartments for bitcoins but I am not sure if you can also buy property on those platforms.