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Topic: [WTS] House (Erie, PA, USA) for Bitcoin (Read 3093 times)

donator
Activity: 1218
Merit: 1015
May 15, 2012, 11:45:44 PM
#32
Still on the market. Landscaping has been drastically improved. Exchange rate is pretty solid, so I'd be fine doing GoxLast even if I were subject to significant slippage selling to pay her brother for half the value of the house.
donator
Activity: 1218
Merit: 1015
April 24, 2012, 07:50:15 AM
#31
Quick question: Have you by chance contacted a company like Bit-Pay, to see if they could streamline the conversion to USD for you? Granted, you probably don't *need* to do that, but if the process they offered was simple and guaranteed (IOW, they charge a set small fee, give you the remainder in USD, and take the risk of losing money when slowly selling the BTC), it might allow you to entertain BTC offers closer to the USD price.

No, but that sounds fairly reasonable. I haven't had any offers in BTC, but I'd definitely consider it if I received one.
full member
Activity: 140
Merit: 100
April 24, 2012, 06:48:37 AM
#30
Selling your house for Bitcoin?
No wonder you have to sell your house.
legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
April 22, 2012, 02:10:40 PM
#29
Quick question: Have you by chance contacted a company like Bit-Pay, to see if they could streamline the conversion to USD for you? Granted, you probably don't *need* to do that, but if the process they offered was simple and guaranteed (IOW, they charge a set small fee, give you the remainder in USD, and take the risk of losing money when slowly selling the BTC), it might allow you to entertain BTC offers closer to the USD price.
donator
Activity: 1218
Merit: 1015
April 20, 2012, 03:29:51 AM
#28
Pending offer in USD. $102.5k bid, contingent on sale of their house. Counter-offered seeking $107k. Until their house is sold, we are permitted to continue accepting bids.

Cheers.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 24, 2012, 04:52:08 PM
#27
Make sure you are taking depth into account, and not just multiplying x coins by y current rate. http://bitcoin.clarkmoody.com/ has a good depth calculator, just type in the number of coins to sell, and it will tell you how much USD you would actually get.
full member
Activity: 168
Merit: 100
March 24, 2012, 04:44:52 AM
#26

ETA: I misread. When you posted, the price was actually @ ~$5.3, so 110000/5.3=20,754. 20,754*4.76=$98,789. I would've actually gone from $50k from the sale, to less than $40k, a 20% loss.

The value of BTC in two years

2010 May  10000, a pizza
2011 Jul    10000, 3 houses
2012 April  10000, half a house

ridiculous, and I love it...

marked

donator
Activity: 1218
Merit: 1015
March 24, 2012, 02:58:32 AM
#25
If you have the coin, I'm now willing to consider offers entirely in BTC, though I would like significantly more than asking price as I'll need to sell off a good number of the coins (at least half to give to the other owner) and I suspect I'll run into serious slippage issues.

Interested in the first house sold for Bitcoin? PM me!

If you sell off the BTC slowly over a week or two, you will not move the price much. The depth chart on the bid side has ~50,000 BTC total bids between the current price and $4.85.
In one week, I would have gone from selling ~22.68k coins @ ~$110,000, to now only receiving ~$106,050. I'm not rich, and half the house isn't owned by me, so I need to pay off half in USD, making the $4k loss entirely my own. In reality, for me, it'd be going from ~$50k after taxes & fees, to ~$46k. Obviously, it could go the other way, too, but it's an enormous gamble.

ETA: I misspoke. When you posted, the price was actually @ ~$5.3, so 110000/5.3=20,754. 20,754*4.76=$98,789. I would've actually gone from $50k from the sale, to less than $40k, a 20% loss.

ETA2: I suppose it wouldn't be too hard to hedge against that, though... could be messy, though. I suppose I also wouldn't necessarily take a "real" 20% loss on earnings in the above scenario, either. Depends on price fluctuation until I can offload $50k worth of BTC, which might be doable at the time of transaction without significant slippage.
REF
hero member
Activity: 529
Merit: 500
March 19, 2012, 08:48:01 PM
#24
First house for sale for btc? good luck!
no. go look back about 9 months ago. 2 houses were for sale accepting bitcoins.

small lot size. from those pictures the house condition looks alright.
donator
Activity: 1218
Merit: 1015
March 19, 2012, 08:33:00 PM
#23
You heard it here first! Price reduced by $5k USD (now under $110k).
legendary
Activity: 1736
Merit: 1006
March 17, 2012, 03:59:30 PM
#22
If you have the coin, I'm now willing to consider offers entirely in BTC, though I would like significantly more than asking price as I'll need to sell off a good number of the coins (at least half to give to the other owner) and I suspect I'll run into serious slippage issues.

Interested in the first house sold for Bitcoin? PM me!

If you sell off the BTC slowly over a week or two, you will not move the price much. The depth chart on the bid side has ~50,000 BTC total bids between the current price and $4.85.
donator
Activity: 1218
Merit: 1015
March 17, 2012, 02:20:25 PM
#21
If you have the coin, I'm now willing to consider offers entirely in BTC, though I would like significantly more than asking price as I'll need to sell off a good number of the coins (at least half to give to the other owner) and I suspect I'll run into serious slippage issues.

Interested in the first house sold for Bitcoin? PM me!
donator
Activity: 1218
Merit: 1015
March 16, 2012, 01:59:57 PM
#20
Updated OP. Accepting up to $5k in BTC.
sr. member
Activity: 308
Merit: 250
March 03, 2012, 01:27:34 AM
#19
What do you mean by "Willing to accept as payment or finance up to $3,000 in Bitcoin!"

Will you only accept 2% of the purchase price in bitcoin?  That isn't exactly selling a house for bitcoin...
Never claimed to be. I'm willing to accept up to 2% of purchase price in BTC, yes. I am not the sole owner of the house and want to purchase another house soon. AFAIK, the bank selling the house I'm looking at isn't willing to accept BTC. Tongue

Still, a first step toward BTC-denominated mortgages.  Grin

Reread the thread and yep, you are right.  The peanut gallery caused me to misunderstand.
donator
Activity: 1218
Merit: 1015
March 02, 2012, 08:03:44 PM
#18
What do you mean by "Willing to accept as payment or finance up to $3,000 in Bitcoin!"

Will you only accept 2% of the purchase price in bitcoin?  That isn't exactly selling a house for bitcoin...
Never claimed to be. I'm willing to accept up to 2% of purchase price in BTC, yes. I am not the sole owner of the house and want to purchase another house soon. AFAIK, the bank selling the house I'm looking at isn't willing to accept BTC. Tongue

Still, a first step toward BTC-denominated mortgages.  Grin
sr. member
Activity: 308
Merit: 250
March 02, 2012, 07:47:38 PM
#17
What do you mean by "Willing to accept as payment or finance up to $3,000 in Bitcoin!"

Will you only accept 2% of the purchase price in bitcoin?  That isn't exactly selling a house for bitcoin...
newbie
Activity: 49
Merit: 0
March 02, 2012, 07:02:02 PM
#16
First house for sale for btc? good luck!
donator
Activity: 1218
Merit: 1015
March 02, 2012, 06:51:56 AM
#15
Most of the grounded outlets the previous owner put in were not grounded. Many of these were rectified when I changed outlets for aesthetic purposes!
donator
Activity: 1218
Merit: 1015
March 01, 2012, 03:05:31 PM
#14
what would the price be on a house in that area with those specs...nice chunk of land!
$88,500 -- I think I can get away with a bid <$80, though. It's been on the market a looooong time, and I imagine banks must hate sitting on property.
hero member
Activity: 504
Merit: 500
March 01, 2012, 03:03:53 PM
#13
what would the price be on a house in that area with those specs...nice chunk of land!
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