Thinking about listing an investment property (residential) for sale for BTC

[bitcoinmiami]

I OWN a property in Fort Lauderdale FL. It is a +/- 900 Sq. Ft. condo within a gated community five minutes from Fort Lauderdale Beach. I am interested in making a listing (perhaps an auction?) for BTC. I reach out to you guys in the BTC community to tell me where I should list it (perhaps this forum?) and what details should I include in order to make this a successful transaction. Any input is appreciated.

[drrussellshane]

I OWN a property in Fort Lauderdale FL. It is a +/- 900 Sq. Ft. condo within a gated community five minutes from Fort Lauderdale Beach. I am interested in making a listing (perhaps an auction?) for BTC. I reach out to you guys in the BTC community to tell me where I should list it (perhaps this forum?) and what details should I include in order to make this a successful transaction. Any input is appreciated.

For starters,

Pics and price.

[bitcoinmiami]

Yes, of course pics and price. What I am seeking are means of proving ligitamacy and confidence to potential purchasers. I want to show transparency on my end. Unfortunately the community is infested with fraud.

[empoweoqwj]

Yes, of course pics and price. What I am seeking are means of proving ligitamacy and confidence to potential purchasers. I want to show transparency on my end. Unfortunately the community is infested with fraud.

Wow - "infested with fraud" - and yet you still want to sell deal in bitcoins?

[bitcoinmiami]

Yes. Why not? Just like any other transaction conducted thousands of times a day with BTC (or with any other medium), people take reasonable steps to protect themselves. Additionally, if one has a vision of bitcoins being a dominant medium of transportation of wealth, advocates like us must contribute to the community by encouraging transactions involving tangible property, or even better, real property.

Ill be putting a listing up this weekend I suppose. If anyone else would like to shine in with their two cents, please do so.

[empoweoqwj]

Yes. Why not? Just like any other transaction conducted thousands of times a day with BTC (or with any other medium), people take reasonable steps to protect themselves. Additionally, if one has a vision of bitcoins being a dominant medium of transportation of wealth, advocates like us must contribute to the community by encouraging transactions involving tangible property, or even better, real property.

Ill be putting a listing up this weekend I suppose. If anyone else would like to shine in with their two cents, please do so.

Cool. Go ahead. Very hard to price in bitcoins at the moment, changing by the minute .......

[bitcoinmiami]

Yea, I might have to wait till prices stablize for a few days, or list it at a set dollar figure to be paid in btc.

[empoweoqwj]

Yea, I might have to wait till prices stablize for a few days, or list it at a set dollar figure to be paid in btc.

I wouldn't wait for price stabilization. You'll be lucky if it does indeed last a few days. But property sales take a while. There is no way the price is going to be anywhere near stable for the sale to go through, because one of the parties will see a big loss happening before their eyes.

Better to set a dollar figure and just ask for payment in btc.

[bitcoinmiami]

Yea, I might have to wait till prices stablize for a few days, or list it at a set dollar figure to be paid in btc.

I wouldn't wait for price stabilization. You'll be lucky if it does indeed last a few days. But property sales take a while. There is no way the price is going to be anywhere near stable for the sale to go through, because one of the parties will see a big loss happening before their eyes.

Better to set a dollar figure and just ask for payment in btc.

I agree.

[Paul Troon]

If I were you, I'd start investigating escrow companies and find one willing to handle a Bitcoin transaction.  There is little risk of fraud if the escrow company (properly) handles the deal.  Perhaps investigate using a 2 of 3 transaction, but honestly a paper wallet might be easier unless the Escrow company is very savvy.