Buying real estate with Bitcoin

[boyptc]

It's not early. I think with few search on google, you'll see those sellers that are willing to accept bitcoin for their properties. Like this --> https://cryptopotato.com/bitcoin-buys-real-estate-15-3m-condo-sold-using-bitpay/

But with the use of bitpay.

This is a good option for a seller to accept bitcoin maybe because they believe on the potential of bitcoin and they wanted to convert their property into a new good investment. I don’t know if real estate company already accept this kind of mode of payment is still risky for them without proper regulations, we are far from this.

It's not only a maybe but they are.

With this kind of option that we have if the buyer wants to pay bitcoin so that its usecase will be seen by others then the seller has an option to use third party setups like bitpay's.

[blckhawk]

One thing about Bitcoin is that it performs very well on macroscale transactions, because of its higher security and value among other altcoins existing in the market. Though one problem emerges on large scale transactions, they take some time before getting validated. Let's assume that a property is sold and the transaction took 40 minutes. The volatility of Bitcoin might make significant changes from the time the transaction was made, compared to when it was received. And even we think 40 minutes is quite fast, the market too can change in that short timespan.

Worse case, a whale abuses the system. Pumps the market, buys a property on smaller bitcoin amount (USD/BTC), and after the transfer is complete, dumps it back down, which gives the seller smaller amount in USD.

[CryptoBry]

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

Yes, Bitcoin is now used by some real estate agents and companies and it is doing just good. In fact, Bitcoin, just in my view, is more suited to big-time transactions because by then the transaction cost can really be minimal. The problem with Bitcoin is on micro-transactions like buying a coffee or a candy in a convenience store. Real estate, of course, involved  a good amount of money and this can be a good market for Bitcoin. though we have to accept it that this is not yet the norm. I still have to heard a verified figure of all the real estate transactions done in Bitcoin as we know that bank-to-bank and even cash remains to be the most convenient as the infrastructure is easily there. Now, I read somewhere that foreign buyers of real estate (maybe coming from Middle East, China) prefer to use Bitcoin so they do not have to transfer their money to the country where the sale is located. Luxury goods market (and we can include real estate here) can definitely benefit using Bitcoin.

[KnightElite]

Real estate is one of my favorite investment vehicle, there are now landlords and estate managers who are willing to accept bitcoin as payment. In my country the bitcoin is been legalized but the problem is the awareness where many people have still no idea about bitcoin. There are many real estate business in my community, there is a time that I asked one of the owner of the apartment about the payment method that he can accept. I asked if he is willing to accept bitcoin as mode of payment but he said no because he is still have no idea about it.

[TitanGEL]

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

Yes, Bitcoin is now used by some real estate agents and companies and it is doing just good. In fact, Bitcoin, just in my view, is more suited to big-time transactions because by then the transaction cost can really be minimal. The problem with Bitcoin is on micro-transactions like buying a coffee or a candy in a convenience store. Real estate, of course, involved  a good amount of money and this can be a good market for Bitcoin. though we have to accept it that this is not yet the norm. I still have to heard a verified figure of all the real estate transactions done in Bitcoin as we know that bank-to-bank and even cash remains to be the most convenient as the infrastructure is easily there. Now, I read somewhere that foreign buyers of real estate (maybe coming from Middle East, China) prefer to use Bitcoin so they do not have to transfer their money to the country where the sale is located. Luxury goods market (and we can include real estate here) can definitely benefit using Bitcoin.

As far as I know bitcoin can now be use as payment in different real estate business. I've read an article about people who in Japan that are now using bitcoin to pay their rent expense. As time passing by, those people who are in the real estates are now seeing the potential of the bitcoin. Their are now a lot of industry that are looking forward about the adoption of bitcoin.

[tambok]

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

Yes, Bitcoin is now used by some real estate agents and companies and it is doing just good. In fact, Bitcoin, just in my view, is more suited to big-time transactions because by then the transaction cost can really be minimal. The problem with Bitcoin is on micro-transactions like buying a coffee or a candy in a convenience store. Real estate, of course, involved  a good amount of money and this can be a good market for Bitcoin. though we have to accept it that this is not yet the norm. I still have to heard a verified figure of all the real estate transactions done in Bitcoin as we know that bank-to-bank and even cash remains to be the most convenient as the infrastructure is easily there. Now, I read somewhere that foreign buyers of real estate (maybe coming from Middle East, China) prefer to use Bitcoin so they do not have to transfer their money to the country where the sale is located. Luxury goods market (and we can include real estate here) can definitely benefit using Bitcoin.

As far as I know bitcoin can now be use as payment in different real estate business. I've read an article about people who in Japan that are now using bitcoin to pay their rent expense. As time passing by, those people who are in the real estates are now seeing the potential of the bitcoin. Their are now a lot of industry that are looking forward about the adoption of bitcoin.

In some countries, you can already use Bitcoin as payment, even in some Asia countries, Bitcoin is widely used as a payment system, so it is not new now if you found out that there were some place already accepting Bitcoin as payment, you can already see it in some areas. If you are good buying Real estate using your Bitcoin then it's good for as long as you willing for it.

[outatime1]

I have heard of people buying houses with Bitcoins but it was probably cases of for sale by owner.  Some people do make large purchases with Bitcoins and other cryptocurrencies but it is still a little unusual.

[Duzter]

Earlier more ICO projects came into usage providing real estate services through tokenizing. One such project in my view is the brickblock project. Apart from these projects there were more and more real time incidents that have taken place. Importantly some people have benefitted out of buying real estate in exchange of Bitcoin.

[BlackFor3st]

With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

If some will gamble the vulnerability of bitcoin price then the possibility is there and we cannot say that no one is willing to take the risk especially if they saw a great potential in accepting payments via bitcoin.

I haven't heard so far that someone buys a real estate via bitcoin but what I heard is someone is willing to sell his house via bitcoin payment. So the chances that it will happen in the future is very high as the adoption of crypto currencies especially the bitcoin is getting stronger and wider. Let's just wait if when it will reach the real estate acceptance.

[bounceback]

With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

I have heard news like this before, where real estate companies in Turkey have managed to sell a number of different properties and accept bitcoin as their payment, and real estate companies also receive five other altcoins as payments such as Eth, Xrp, Bch, Xlm, and Theter by accepting cryptocurrency payments, they say that it really allows faster transaction performance without losing exchange rates.
Although later all real companies accept bitcoin but I am not really sure whether people will use their bitcoin to buy land or houses because they prefer to use bitcoin as their investment.

[lemipawa]

With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

There was a post before and I guess it was last year, a man is selling their proper (house and lot) and accepts Bitcoin as payment. I did not follow the story of that for sale property, so I have no idea if the man was able to sell it or not. But it only shows that it is possible. I am even planning to sell my car and will accept Bitcoin as a payment. Im just waiting for my new car to be approved.

[gweedo]

With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

I think it's too early for real estate businesses to accept bitcoin in payment. There are currently no countries that officially accept Bitcoin and use it, only a few small internet shops accept bitcoin. It is possible that in the future Bitcoin will be more popular and used, Buying and selling real estate is an area that needs a lot of money. And if they use bitcoin in payment, the price of bitcoin will fluctuate a lot, which can make businesses lose. And if Bitcoin wants to be accepted in many different areas, its price must be really stable first.

[cutesgirl]

Better you hold bitcoin and buy real estate with cash money, worth to hold your bitcoin than you have buy real estate with using bitcoin because still have chance for bitcoin back to higher price again, but if you want make investment with real estate you can borrow money with your friend and waiting for bitcoin raise to higher price for selling assets.

[breathlessz]

With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

I think it's too early for real estate businesses to accept bitcoin in payment. There are currently no countries that officially accept Bitcoin and use it, only a few small internet shops accept bitcoin. It is possible that in the future Bitcoin will be more popular and used, Buying and selling real estate is an area that needs a lot of money. And if they use bitcoin in payment, the price of bitcoin will fluctuate a lot, which can make businesses lose. And if Bitcoin wants to be accepted in many different areas, its price must be really stable first.

when bitcoin is soaring there are indeed payments for property, cars with bitcoin, but I think it's only peer to peer, and when bitcoin is experiencing a downward trend, I don't hear it again. I think there are currently only a few shops in certain countries that still provide payments using bitcoin

[Yatsan]

I can suggest this website since, I see lot of reputable members are wearing their signature and avatar:

https://blockchain.com.do/

They are selling real estate their, and they have a lot of things they are selling in that website.


Website accepting bitcoin for their goods is not new today, in fact in my country our online shopping here are bitcoin supported (Lazada and shopee), It means you can buy anything and pay using bitcoin. As time passes by, the bitcoin adaptation is getting popular, and I think soon it will be accepted in all online shopping website as long as bitcoin and other cryptocurrency is not banned in your country.

[barabarian1]

I think it depends on where we live if we live in a country that legalizes bitcoin like Japan so we can use bitcoin to buy real estate. but in my opinion right now most bitcoin holders will not use to buy something that is not too important like real estaste because bitcoin will be reduced by half this year. so I think they would prefer to keep bitcoin than spend it.

[Eugenar]

Most of the time, people thinks that bitcoin and gold is the most profitable asset as of today, because of its value getting higher and higher. Not considering the fact that Real Estate have intrinsic value that also increase over time. But if we are one of the person that thinks about bitcoin and get being a good way to provide us great profits, we could consider buying bitcoin and exchanging it for real estate. In such a case that we aren't just inducing market adoption, but at the same time, putting our funds to another investment platform where we begin to increase our assets.

[bitvalak]

Even though I can buy real estate, I think the bitcoin transaction turnover will continue without losing value and interest. Because I am sure it is not possible to keep bitcoin forever in the wallet, bitcoin was created to accommodate transactions to be more practical. If for now it might still be natural if bitcoin is stored in a wallet, but for the next few years there will definitely be a time when bitcoin is used everywhere like a currency.

[Sanugarid]

It's not early. I think with few search on google, you'll see those sellers that are willing to accept bitcoin for their properties. Like this --> https://cryptopotato.com/bitcoin-buys-real-estate-15-3m-condo-sold-using-bitpay/

But with the use of bitpay.

This is a good option for a seller to accept bitcoin maybe because they believe on the potential of bitcoin and they wanted to convert their property into a new good investment. I don’t know if real estate company already accept this kind of mode of payment is still risky for them without proper regulations, we are far from this.

It's not only a maybe but they are.

With this kind of option that we have if the buyer wants to pay bitcoin so that its usecase will be seen by others then the seller has an option to use third party setups like bitpay's.

It is actually a good idea when buying. We all know that bitcoin is a good investment and knowing that you are buying another good investment is a better way for you to earn money. It is depending on a company or a person who wants to sell if they are accepting bitcoin or if they are knowledgable about bitcoin. There are still things that they should consider like contracts. Buying real estate is indeed an awesome decision because as t ime goes by the price of that particular estate you bought is rising too. But spending in this situation is maybe not a good idea, maybe you can do that when the market recovers.

[tz]

With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment.

This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?

So far (in my country at least), no one is advertising that they want to sell/buy properties on most real estate websites, but there are some cases where buyers/sellers can offer to utilize bitcoin as a payment method, and there are situations where agents will facilitate a bitcoin trade for property.

Most of the focus that has been put into blockchain x real estate has been on the investment/shareholders side, and I've seen a fair amount of projects that are looking to facilitate such activities.

Bitcoin is not going to be a widely accepted currency for real estate because it is the total opposite of what property is (stable vs unstable).