Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: AzbillProperties on March 30, 2014, 04:25:51 AM



Title: Anyone used Bitcoin to purchase Real Estate?
Post by: AzbillProperties on March 30, 2014, 04:25:51 AM
Hi all,

If anyone has used Bitcoin to purchase real estate I would love to hear about your experience.

Obviously it is easy to use Bitcoin when dealing directly with a seller who owns the property free and clear.  However, I have not been able to find a title company who is willing to take Bitcoin directly, without first converting it to cash.

Any experiences would be greatly appreciated.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: kathmandu34 on March 30, 2014, 06:36:37 AM
Till now I don't think we have some real states accepting bitcoins but there are few in news about villas were been sold in bitcoins. You can get few more information's on these at at Coin Desk (http://www.coindesk.com)


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: BitcoinAwesomeMan on March 30, 2014, 07:28:04 AM
I think there was a few properties for sale in BTC, but not sure if one was sold


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: azguard on March 30, 2014, 08:04:36 PM
There was tread in this forum that some1 was offering houses 4 BTC. Never did actually read or heard that some1 sold real estate 4 BTC


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: trynmpo on March 30, 2014, 08:32:17 PM
Previously i saw some posts about RE for BTC .. But that time bitcoin hits 1k+ mark but now in 3 months it lose badly ... So in my opinion for now no one willing to sell his/her property for btc ...


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: TheButterZone on March 30, 2014, 11:00:22 PM
As long as the market price is artificially devalued by morons irrationally fearing the government, it's a great time to accept BTC for real estate. However, spending BTC on RE estate, if the BTC cost you more to acquire than the current market price, isn't a great idea.

USD/BTC=$1000? $500,000 property floats to 500 BTC
USD/BTC=http://silver.youmeandbtc.com/frombtc.php?value=1&eur=0&mbtc=0&exchange=Bitstamp&dec=8 (http://www.youmeandbtc.com/p/price-converter_7.html)? $500,000 property floats to http://silver.youmeandbtc.com/tobtc.php?value=500000&eur=0&mbtc=0&exchange=Bitstamp&dec=8 (http://www.youmeandbtc.com/p/price-converter_7.html)


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: saybia on March 31, 2014, 12:08:42 AM
I actually bought some property in New Mexico when BTC was 'round $1100.00 USD.  Just a spot of land with a small house on it.  Paying the taxes is where it gets tricky, but it can be done.  The seller was interested in BTC but wasn't sure how to get any and wanted to sell of some extra property for it.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: azguard on March 31, 2014, 04:58:44 AM
There are some sites in Australia n UK that accepted BTC for real estate. My family friend told in mail that some friend of theres in Australia buy garage for car for BTC


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: HCLivess on March 31, 2014, 08:50:36 AM
They sell some houses in Prague if anyone is interested.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: zolace on March 31, 2014, 10:50:25 AM
I believe one should be careful buying real estate and have a lawyer because there is alot of scams out there, selling real estate that is not truly belonging to the person who is scamming.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: FeedbackLoop on March 31, 2014, 01:00:46 PM

At least one person:

https://bitcointalk.org/index.php?topic=508254.0

There are more but look around a bit further than the "Bitcoin Discussion" sub-forum pit-of-trolls.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: Welsh on March 31, 2014, 01:16:05 PM
As long as the right precautions and it's handled in the right way by both parties there is nothing to worry about, many people have done it publicly and I'm pretty sure a lot of people would of done it privately. Although, selling real estates is difficult with Bitcoin because people expect to pay less because of the potential Bitcoin has to double, triple or more in the future. If you can work out a deal and you understand the problems which you could face then it's a good idea to expand your business into the Bitcoin world, however if you want a sucessful business you might want to be as transparent as possible before people start asking questions.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: shuaigejc on March 31, 2014, 01:35:35 PM
As long as the market price is artificially devalued by morons irrationally fearing the government, it's a great time to accept BTC for real estate. However, spending BTC on RE estate, if the BTC cost you more to acquire than the current market price, isn't a great idea.

USD/BTC=$1000? $500,000 property floats to 500 BTC
USD/BTC=http://silver.youmeandbtc.com/frombtc.php?value=1&eur=0&mbtc=0&exchange=Bitstamp&dec=8 (http://www.youmeandbtc.com/p/price-converter_7.html)? $500,000 property floats to http://silver.youmeandbtc.com/tobtc.php?value=500000&eur=0&mbtc=0&exchange=Bitstamp&dec=8 (http://www.youmeandbtc.com/p/price-converter_7.html)

Most countries have not accepted Bitcoins, some countries can buy property Bitcoin but only a few.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: hjdt4fd1 on March 31, 2014, 01:44:17 PM
This requires national recognition Bitcoin, of course, but rarely acknowledged that some countries used to buy listing.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: CryptoREI on March 31, 2014, 01:59:16 PM
 To sell a piece of property all you need is Valuable Consideration, you can sell the house for 500BTC and 1 dollar the dollar being the valuable consideration. Now closing cost and other fee's are all up to the service provider if the want to take them or not.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: waldox on March 31, 2014, 05:43:52 PM
I Heard in the states

if you buy property without fiat (using gold for example) you dont have to pay property taxes or something like that

if thats true,  then bitcoin could be a saviour



Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: CryptoREI on March 31, 2014, 05:47:25 PM
I Heard in the states

if you buy property without fiat (using gold for example) you dont have to pay property taxes or something like that

if thats true,  then bitcoin could be a saviour



Not true... The local gov always wants property taxes. Most property is taxed at the city/county level.


Title: Re: Anyone used Bitcoin to purchase Real Estate?
Post by: durrrr on March 31, 2014, 06:32:32 PM
i have seen a few homes up for sale on the bitcoin talk forums. some of them just land at a decent price or some of them are 500K$ condos in thailand rooftop ballin place its crazy