Buying real estate with Bitcoin

[nickenburg]

Im sure there are people who will sell there houses for Bitcoin, there has been in the past for sure.
I remember even on the marketplace on this forum people where selling houses, and cars pre 2016 already.

When selling real estate will be tokenized and goes trough Ethereum I think it will be a lot better to buy houses with Crypto, I think now it is still to early to buy a house with Crypto, it is still to complex.

[btccashacc]

Actually you can buy anything with bitcoin especially in the country that bitcoin is freely used in terms of payment or currency, just tell them that you want to purchase with bitcoin and if they don't understand what bitcoin is, perhaps you can teach them how to transact with it and how to convert those coins to the fiat. Well, real estate is the one thing that difficult to sell, once the sellers find someone who's interested buy their product, they will be happy to help you especially negotiation about payment methods in this case is bitcoin.

[Mike Mayor]

I don't think any real estate company in the world accepts bitcoin, apart from Japan! Because Japan is the first country where bitcoin were announced as a legal tender. But I don't think that is the case for the rest of the world. However, I found few websites where similar offers are being advertised. But I am not sure how legitimate they are. You can check the below links,

https://bithome.ch/
http://bitcoin-realestate.com/

But be very very cautious before connecting with them because their offers seems too good to be true! It may be a fraud as well! I really don't know about any trusted dealer where you can use your bitcoin to buy real estate!

Lol what nonesense. Gosh you guys really have no idea hey? You can sell and buy things with bitcoin in any country. It doesn't need to be legalized. Do you think before you can use something it must be legalized some how? What does legalized to you even mean? That you allowed to do it? So if you invented something amazing you will wait till it is "legalized" before using it? I often wonder how old the users here are since they know very llittle about the law.

Let me educate some of you


I was born and live in South Africa a "third world" country. We are oh so third world and oh so behind that we actually love crypto here and fully support it. Here is a link to a local market that sells almost anything and has been around since I was a child so I think near 20 years. Anything you see you can buy with bitcoin. Scroll to the bottom of the page and yo will see the bitcoin logo. These are some houses you can buy for bitcoin.

https://www.bidorbuy.co.za/static/category/Property_139.html


We also don't have stupid tax laws. Crypto is a tangible asset here. So guys eh.... What's your countries excuse?

[pixie85]

I don't understand why would real estate for bitcoin be popular enough to legitimize mainstream payments. They are already legit in many countries and the real estate market isn't the biggest and the most popular one unless you count renting. In Europe renting is becoming more popular than buying especially incountries like Germany and Great Britain because apartments are expensive and renting doesn't chain you to the property and doesn't put you in debt.

This is going to happen anyway but gradually, don't worry.

[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

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.

I do not understand the meaning of the word money laundering, many stupid people in this forum always think about it, when did the word money laundering exist? whether when bitcoin is there or fiat currency, let's find out here if fiat and BANK currencies previously happened money laundering why they were not banned by the government, why only bitcoin, wrong thinking fiat currency and bitcoin are only tools all depend on the user, this in my opinion the public duping is that bitcoin is the most hated payment tool compared to fiat currencies, even though both are the same if it is used for bad things why is bitcoin wrong, nobody thinks that I can buy real estate and houses with bitcoin because my government still too stupid for this technology

[bitgolden]

i think you can buy it if they accept bitcoin in that country, not only person but also government. not only real estate, but all of them you want. the problem if they only need cash. ordinary people will always use cash to accept payment, but believer will use other payment method

If ever the government is included in the deal of real estate property than you can never use cryptocurrencies for payment unless and until they are legalized in your country. Government also does charge some amount of tax on each property purchase so you also have to take care about it. What I think is you can actually avoid that tax by paying in bitcoins.

But, maybe this is not legal so always follow your lawyer and ask for advice. It would be better if you or OP can convert bitcoins into cash first and then make a real estate purchase as it would be much easier. There are few platforms where you could rent apartments for bitcoins but I am not sure if you can also buy property on those platforms.

[pinggoki]

Good to know that right now there is someone who are buying a real estate using a bitcoin because it is very rare case that a people will be able to buy real estate using their bitcoin because it is a matter of fact that people is having to adopt the modernization and evolution that is happening right now. It will also good if you will be able to find a person who is selling a real estate that is accepting bitcoin as a payment option. Hope you to find a good and crypto enthusiast seller.

[coinfinger]

Yes, why can't we use bitcoins to purchase real estate unless and until the individual selling the property accepts bitcoins as a mean of payment. The users of bitcoins have grown from a large number and we can now find most of the technical driven people dealing with bitcoins as an extra source of income.

There are millionaires and billionaires over here who would have made such huge amount only because of bitcoins and why won't they like to buy or sell their property for bitcoins. Instead there should be a group where we could trade for properties nationally for bitcoins. This would be really great in order to start using bitcoins to the maximum.

[Abiky]

I don't think any real estate company in the world accepts bitcoin, apart from Japan! Because Japan is the first country where bitcoin were announced as a legal tender. But I don't think that is the case for the rest of the world. However, I found few websites where similar offers are being advertised. But I am not sure how legitimate they are. You can check the below links,

https://bithome.ch/
http://bitcoin-realestate.com/

But be very very cautious before connecting with them because their offers seems too good to be true! It may be a fraud as well! I really don't know about any trusted dealer where you can use your bitcoin to buy real estate!

That's certainly true, mate. Japan has been quite fond of crypto and Blockchain technology for some time now. I wouldn't be surprised to see real estate companies having prominence within Japan because of this. But I believe that other countries would need to follow, if they want to stay ahead in the game. It's no secret that the Blockchain industry is still widely unregulated these days. This explains why prominent countries like the US and UK haven't adopted crypto for many services in the mainstream world. As soon as crypto becomes widely recognized by governments as a legitimate form of payment (while prices stabilize across the market), you'll start seeing real estate companies offering services to their customers via Bitcoin or other popular cryptocurrencies we know and love today.

We're still early to see something like this become a reality within the mainstream world. Which is why, I believe that we should give crypto and Blockchain technology a little more time before they become mature enough for mainstream use. With due time, not only we'll be able to pay with Bitcoin for real estate, but also for healthcare, transportation, and more. Real estate is just the tip of the iceberg, in my own opinion.

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.

So far, people have sold their estate in a P2P manner via this very forum using Bitcoin. But no real estate company has come up with something like this yet. Maybe we're still early to talk about this, since Bitcoin is still not useful as a currency for daily payments. The Lightning Network helps, but it's still in its infancy. I believe that stablecoins will better suit this purpose than Bitcoin itself. It's up to real estate companies whenever they'll want to accept crypto for payment or not. After all, Fiat has been the most stable (and reliable) form of money for quite a long time. These companies need something that's stable enough in price to maximize their profits as much as possible. A volatile cryptocurrency like Bitcoin in its current form is terrible for real estate.

But who knows? With so many companies and startups accepting Bitcoin, there's a chance that we might be able to pay with BTC to a realtor. As long as there is demand from people into Bitcoin, mainstream real estate companies could adopt the cryptocurrency for their own benefit. Still though, the volatility of Bitcoin would make these companies convert it quickly into Fiat (or a stablecoin) in order to maintain their capital. Time will tell us whenever Bitcoin real estate services will come a reality within the mainstream world or not.

[Abiky]

There are several firms to help in this. Buying real estate in exchange for bitcoin is being done on the sole interest of the buyer and the seller. Here the intermediary services like bitpay helps in legal documentation and other transactions related to the property. In my country we've got the registration department entirely developed on e-governance platform. Hoping for things to get integrated with the blockchain in the near future.

Yes. People can still use Bitcoin for buying/selling real estate by relying on a middleman for transaction settlement. Still though, a realtor company offering services in exchange for crypto would've been great to have within the mainstream world. I'm sure that if there's enough demand for crypto within the business world, realtor companies will be the first ones to accept Bitcoin for daily payments. The pioneer cryptocurrency has a better chance of being accepted for real world commerce than other altcoins being traded on the market today. This is mostly because Bitcoin has better branding/recognition worldwide. But first, the industry needs to become regulated by worldwide governments in order to give Bitcoin a level of legitimacy in the mainstream world.

With proper regulation of crypto, serious investors will be willing to flow cash into mainstream companies. Realtor companies will see it beneficial to adopt Bitcoin according to its high demand worldwide. But as long as Bitcoin remains widely unregulated and volatile in price, Fiat will continue to be the payment of choice for real estate.

Nonetheless, time will tell us if we'd ever get to see a mainstream company accepting Bitcoin. But I guess that there are more important things to focus than using Bitcoin for real estate. Just my opinion

[btc78]

i remember years back i have seen some post here selling their lots and houses so nothing  is new about buying real estate using bitcoin.
there are other thread about expensive cars being bought using bitcoin right?
i think what we only need here is to find legit seller and make a deal,though i am thinking about Holding my Bitcoin than spending it to real estate or cars .

[wence1975]

Hi it is used and legal in Czech Republic in EU
see www.homehunters.cz

[Latviand]

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.

Yes, a lot of people believe that bitcoin is an investment.

I don't forget that bitcoin is meant to be a currency.

The only instances where one could buy real estate with Bitcoin is if the company behind real estate property perhaps, do know the concept of blockchain technology and cryptocurrency and if it decides to do so, or if cryptocurrency is widely accepted in that particular country. But such instances are rare and also, the point that Bitcoin is better as an investment, is another thing to use it to buy things. But who knows, maybe someday we would see transactions of such.

[AicecreaME]

Let's say the will accept bitcoin as a payment, but the real question here is, are you willing to spend your bitcoin just to buy real estate?, I am sure you don't. You might be wondering why, oh well, let me tell you, the price of bitcoin has more capability of giving your profits if you are going to compare it to real estate. For example, you own 1 bitcoin, and your friend own a real estate, after a year, you earned more profits than your friend, I am sure of that.

It is about using and spending wise, not just randomly buying things that could be bought by bitcoins, it doesn't work that way if you really care about your profits that you could earn in the long run.

[wozzek23]

For real? I have seen a lot of sites that are accepting Bitcoin for payment for real estate. Since, I don’t invest in real estates I don’t know whether they are legit or not.

You can even sell your real estate for Bitcoin by using bitpay.com/real-estate. This is the only one I know that is legit because Bitpay is a well known platform. Their processing fee for receiving Bitcoin is 1%, as for someone that is sending I don’t know how much the fees are. The process is simple, though there is a paperwork to do, and then your buyer will receive an email from BitPay, and pay at a locked-in exchange price, which is then converted to your local currency before it’s sent to your bank account.

[abel1337]

Let's say the will accept bitcoin as a payment, but the real question here is, are you willing to spend your bitcoin just to buy real estate?, I am sure you don't. You might be wondering why, oh well, let me tell you, the price of bitcoin has more capability of giving your profits if you are going to compare it to real estate. For example, you own 1 bitcoin, and your friend own a real estate, after a year, you earned more profits than your friend, I am sure of that.

It is about using and spending wise, not just randomly buying things that could be bought by bitcoins, it doesn't work that way if you really care about your profits that you could earn in the long run.

I think it is depending on the need of a current person. Not every one of us is keeping bitcoin for our whole lifetime, Most of us want to earn profit from it and buy some things/property that we really want for. It is like working on a job and not spending the pay you are getting for. We use bitcoin because of its benefit and its benefit can be the one who can make our goals real.

Of course if one of your goals is to buy some real estate to live for, It's possible to pay bitcoin for it. Finding someone who sells a real estate in exchange for bitcoin is one of a way of buying it like peer to peer transactions.

[rodskee]

If we are talking about these days?no i wont let my Bitcoins spend to buy real estate (but of course my bitcoin is too small so far) and i rather use fiat first as i want to keep holding my Bitcoin because i believe that all of my patience will bring me more profit.

I remember there are some post in the past that sell house and lot right?here in forum?but i think no one claims to buy as for security reason.

For those who are planning to use crypto this early buying real estate?Better think first because future will give us profit if we can wait.

[OrangeII]

If we are talking about these days?no i wont let my Bitcoins spend to buy real estate (but of course my bitcoin is too small so far) and i rather use fiat first as i want to keep holding my Bitcoin because i believe that all of my patience will bring me more profit.

I remember there are some post in the past that sell house and lot right?here in forum?but i think no one claims to buy as for security reason.

For those who are planning to use crypto this early buying real estate?Better think first because future will give us profit if we can wait.

some people have done that, even when you find out, surely you will see some people selling real estate for bitcoin, so I think there are some people who want to exchange bitcoin for it, especially for those who have benefited. So far, I have seen a number of times people exchange bitcoin for real estate, and for now, it's quite easy.

[adaseb]

I don't think its possible to directly transact real estate transactions with bitcoin, too many legal issues. Maybe someone buying a car and the seller is accepting Bitcoin is something common but for real estate its not really possible to do directly.

Basically your real estate lawyer needs to get your funds to send to the sellers real estate lawyer, he most likely won't accept Bitcoin. Neither will the other lawyer. And if the seller still has a mortgage on their property the bank will want actual fiat and not Bitcoin to close the mortgage. I just don't see this being widely adopted anytime soon. Also what happens if the transaction is double spent? Exactly. Too many things can go wrong.

[cryiotic]

As long as the price of bitcoin is constantly changing, no one will want to sell or buy real estate in this way. It seems to me that only stablecoins can be used in this case