Buying real estate with Bitcoin

[riso2015]

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.

It will be very interesting if the owner of an apartment in your country will realize and understand about Bitcoin then you will easily invest in real estate. In my country it is also like that, many of them don't receive payment with Bitcoin if we invest our money into their apartment.

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[bitcampaign]

I've heard the news that someone has bought a house, car or real estate with bitcoin, but unfortunately it's not in my country, I also want to try buying a house with bitcoin here, but I haven't found anyone who understands and wants to accept bitcoin payments, but it's true that almost everyone enjoys the results of income or profits paid with bitcoin, I think for the already high bitcoin value it is more worth buying something expensive like real estate, I also want to use this later in my country it's just that I haven't found a place and price suitable

[Kunnu]

There are though competitions in businesses but those who always try to be creative gets positive results so in my opinion this is the best time for real estate companies to start the procedure of buying or selling properties with Bitcoin if their governments are in favour of Bitcoin then the real estate companies have a great opportunity.

[julius caesar]

Does bitcoin being accepted as a payment in real estate? I think that is impossible since we all know that the value of a real estate is too high. They might not trust bitcoin that much because there is a probability that by the time that they have paid using it, the value of it might become lower. So in my case, I would like to recommend the fiat money still for transacting big amount of money like real estate.

[mahilchii]

I think this might be a risky move, buying a property by selling BTC could make it more convenient for the investors but it will end up in owner's risk both of the sides as well. Still there's a long way to go for Bitcoin people want to understand how safe and secure is this. Because doing a payment without rules and regulations is seriously a risky move. So I don't think this will work out so quickly.

[puertorikosena]

I think that if the transaction is large and the amount is large, then payment with bitcoins is good, since bitcoin also has liquidity. But if you take into account everyday purchases and payments, then Bitcoin is not suitable for this role. Better for this, a faster and more stable cryptocurrency.

[msarro]

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 I have a piece of land then I will prefer to sell it in fiat rather than bitcoin. Reason being that BTC is too volatile and not many real use cases of bitcoin exists till date in my country. I think it will take some time  before bitcoin will reach mainstream adoption.

[leyton11]

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 to talk about this. because businesses often need a stable currency to deliver the most accurate business results and their employees don't want to keep such a volatile asset. I have also tried real estate trading with crypto and also succeeded, but it was only with an acquaintance in the chat channel. This means that buying and selling with crypto right now is still limited as it fluctuates too much, you can only sell it to people who know bitcoin and hold it for long.

[White Christmas]

I think that if the transaction is large and the amount is large, then payment with bitcoins is good, since bitcoin also has liquidity. But if you take into account everyday purchases and payments, then Bitcoin is not suitable for this role. Better for this, a faster and more stable cryptocurrency.

Although the transaction is large or not that large bitcoin as a payment will be still good because we know that bitcoin has an liquidity in which it based on how the bitcoin is running throughout the market. Bitcoin as a payment to buy a real estate is kind of good especially if the seller of the real estate was a cryptocurrency related also so he/she wants a buyer that will give him a bitcoin in order for him to just hold it for the better future right?
If you guys will use bitcoin as a payment then it is more good because it is very fast transaction and don't need any transaction with the bank or any letter of intent to withdraw a huge amount of money.

[Asmonist]

I think there are regulations to be set for that matter. There are sales tax to be considered and I guess government will look into it. Well, if that will happen I think its more convenient for bitcoin earners. But for now, I guess its too early to tell about it. The adoptation is not yet in full capacity.

[Gheka]

I've heard the news that someone has bought a house, car or real estate with bitcoin, but unfortunately it's not in my country, I also want to try buying a house with bitcoin here, but I haven't found anyone who understands and wants to accept bitcoin payments, but it's true that almost everyone enjoys the results of income or profits paid with bitcoin, I think for the already high bitcoin value it is more worth buying something expensive like real estate, I also want to use this later in my country it's just that I haven't found a place and price suitable

Why do you need such an experience while we have simpler and more traditional ways, using bitcoin to buy real estate is probably a breeze and wants to prove something, we may sometimes fall under the government's sights and become a suspect for money laundering through bitcoin. Although some information suggests this idea is feasible but I think it is difficult to accomplish when it needs a lot of confirmation from the government and no government is happy with bitcoin, converting it into fiat to buy real estate is safer or should continue to hold when the value of bitcoin is still showing signs of increase.

[Soots]

I think there are regulations to be set for that matter. There are sales tax to be considered and I guess government will look into it. Well, if that will happen I think its more convenient for bitcoin earners. But for now, I guess its too early to tell about it. The adoptation is not yet in full capacity.

It's not a practical way of spending your bitcoin while adoption in full capacity wasn't reached yet. We should think of a better ways to handle our asset, because btc is already considered an established currency. The value has been showing a potential stability, so then it's very important to treasure it.
Taxation is always applied particularly when it discussed a out property, a huge dump will tend to occur if you're going to convert digital currency to fiat cash, because real estate was truly expensive.

[LogitechMouse]

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.

Many people are using it to be honest but if you will make a ratio of the number of using to the number of people around the world, it is around 1:7000. This is just my personal opinion but I think that the people who are using Bitcoin in different ways are those investors who have background experience already in different investments and because of that, Bitcoin has proven that it can be used as another way of payment but on the other side many aren't using it because of some problems with fees and speed.

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?

Everything is possible as long as the merchants are willing to accept it . Simple as that.
You don't accept Bitcoin as their way of payment to you as a merchant then fine. You accept it then better .

[hatshepsut93]

A lot of countries are outlawing cash payment for big transactions, like buying real estate, so Bitcoin can be viewed as a loophole to circuvent this regulation, but if this will become too popular, the regulators will eventually close it.

I personally would never buy real estate with Bitcoin, there's way too much scams that trick people into buying houses, and then taking them back with some legal tricks, like having children or disabled people living it and in that case the new buyer can't own their house. If the payment was done via bank, there's some chance that the court will freeze their balance and force them to return it, but with Bitcoin your money are gone forever.

[isaac_clarke22]

This makes wonder whenever it's possible to buy real estate with Bitcoin?

This topic has been brought up before, as I remember seeing at least one other thread asking this same question--and I do find it an interesting one.  I do recall seeing someone selling their house on bitcointalk a few years ago.  The OP provided pictures and all, though I can't remember which country it was in.  And in another thread someone mentioned a huge real estate sale that happened with bitcoin being the payment method.

But those cases are isolated and rare to the best of my knowledge.  I don't think there are any real estate agents or mortgage brokers who deal with bitcoin routinely, nor do I think there's a huge demand for that service.  People barely spend bitcoin on little things, and the number of people with enough bitcoin to purchase a house or land is probably very small.

And besides, I see bitcoin as an investment more so than a currency.  Buying a house with bitcoin would be like buying one with gold or stocks.  It just doesn't make much sense--that's what fiat is for.

I remember the title of that thread posted here in BTC Disc. board. I think the title was "Selling my house for crypto".
There ain't even a sign of even selling lots in here using crpyto, not even in the signs of "For Lease", and highly doubt there would be a single one.
I've read here in my local news headlines about the implementation of blockchain-based that helps people buy lots. I never heard from it since, and I wouldn't expect it to be brought again anyway. This one doesn't utilize Bitcoin though.

[Oceat]

Does bitcoin being accepted as a payment in real estate? I think that is impossible since we all know that the value of a real estate is too high. They might not trust bitcoin that much because there is a probability that by the time that they have paid using it, the value of it might become lower. So in my case, I would like to recommend the fiat money still for transacting big amount of money like real estate.

Any business dealer wouldn't use Bitcoin as a way of payment to a huge amount deal just like the real estate because of the volatility of Bitcoin. It's better to use fiat to buy a property than using Bitcoin although there are countries who do accept Bitcoin as a payment for anything but it's so rare to find it elsewhere.

[sayaya17]

Buying real estate with bitcoin seems like it's still impossible in my country, because bitcoin is still restricted and can only trade on the exchange but cannot be used to make payments for goods. But if the value of bitcoin is more stable it is possible that many people will make this transaction and many countries will legalize it. In the future there might be those who buy real estate with bitcoin in accordance with the agreement that buys and sells.

[darkangel11]

It is possible but usually houses sold for Bitcoin are overpriced because the sellers are hoping to reach certain type of people: wealthy young people who suddenly earned a lot of money from Bitcoin and want to spend it here and now. I saw a lot of offers but for Bitcoin you can expect luxury apartments for millions of dollars. Also adoption in this area will not mean wide acceptance of bitcoin.

[ethereumhunter]

Maybe the real estate developer will not like to see bitcoin price volatility, so they don't use bitcoin for the payment system. They are afraid to see the bitcoin value going to go up and down many times, so they still prefer to use fiat for their customers. Besides that, if the bitcoin price drops and they have bitcoin, they will panic to see the price is down. But the possibility for bitcoin or another coin to be used for buying real estate will become true although we don't know how it will happen.

[Webetcoins]

I think there are regulations to be set for that matter. There are sales tax to be considered and I guess government will look into it. Well, if that will happen I think its more convenient for bitcoin earners. But for now, I guess its too early to tell about it. The adoptation is not yet in full capacity.

It just depend on one thing: agreement by both the parties, buyer and the seller. If they agree with the exchange using Bitcoin it would be best and can happen. You talked about its adoption which is not in large capacity, for that I think every market takes time for its development. It is growing with the period of time and would reach its maximum capacity soon. According to this it may not be possible now but will happen in future, hopefully!