For me the price is not the issue, the fact that it ain't America is the issue.
The price is also an issue here that one would cough out about $697,500 to buy a 3 bed house? Would that not buy an entire building? I don't get, how people reason that he could just put the advert and someone will come running ready to part away with 92btc without any justification for that whatsoever. I doubt if anyone has that kind of money and wanted to buy such property wouldn't want to do it with swam of lawyers from both ends with government agencies also present to ensure things are going on smoothly. Good luck in finding a buyer.
There are plenty of locations in teh US where $700k will barely buy you a shithole. Look at the median price of a house on Manhattan Island, or some of the more sought after locations in and around NY City. In the San Francisco Bay Area you'd be lucky to find a refrigerator box under an overpass with views of Golden Gate Park for that price [/exaggeration]. It's not surprising at all that an upper-crust neighborhood in London would fetch prices like that.
I don't see anything in this thread to suggest the seller expects a buyer to send BTC without the due diligence typical of a real estate transaction.
i wouldnt call Norbury 'uppercrust neighbourhood'!! May be somewhat middle class but still a shithole!!
Well it is close to Croydon, however location,location location.(12 Minutes to city of Westminster via local rail station.) Further out locations in nicer areas could very well be availble at the same price
Yes, any serious buyer would of course want to go through legal complaince (the solicitor would take the bitcoin in this case, and all UK laws would be observed of course.