Selling your property with Bitcoin

[m2017]

I am trying to sell my property and I accept Bitcoin payment on my Binance account.

Why receive payment to Binance account if you can receive bitcoin directly to your wallet, for example, electrum (or any other available to you)? The property is not cheap, meaning it would be a large purchase, and sending that kind of money to a centralized exchange doesn't seem like a smart move.

Any particular reason why you're concerned about that? You can also sell your property for Euros and then use those Euros to buy Bitcoin.

Double conversion will create extra costs, in my opinion.

But if it were so easy to sell \ buy property for bitcoin.

Great house, aren't you going to have some issues with taxes when you sell it on Bitcoin? I mean, it is just a huge amount of money; it might be flagged as suspicious in some countries.

I believe that in most countries, selling property for bitcoin is generally prohibited (with possible exceptions), which means there could be issues not only with taxes but also with the overall legality of the transaction. I don't know if this applies to Italy.

[Free Market Capitalist]

Not encouraging this but yeah, both the buyer and seller can evade tax if they make the transaction in bitcoin but I will still encourage people to pay their taxes to avoid any legal issues.

That might only work if the transaction took place in a shithole but not in Italy.

Quote from Chatgpt dedicated to al AI haters and Luddites:

Here’s the Italian system, clearly and step by step:

1. Mandatory notary (Notaio)

In Italy, you must go to a notary.

The notaio is:

a public official (not just a private lawyer)

legally responsible for verifying:

the seller’s ownership

the absence of legal defects

the identity and capacity of the parties

compliance with tax law and urban planning rules

Without a notary, the sale is legally invalid.

So in the public records of the transfers both the amount and the form of payment must be registered.

[Achalugo BTC]

I think this topic should be on the marketplace thread.

Great house, aren't you going to have some issues with taxes when you sell it on Bitcoin? I mean, it is just a huge amount of money; it might be flagged as suspicious in some countries.

I mean it might be safer to just sell it on your currency, right? Then just to the thing invest that money in Bitcoin It is just the safe thing i guess.

You are totally right and if adhere to your advice, it will be a great benefit to him but in anything that concerns crypto, one has to be careful and cautious.
So that they will not take any action that will affect their investment or plans in life and in this case, people also has the right to make whatever decision they wish to make but its essential to make decision that will be profitable.
Which is why people should first of all, know what it takes to invest rightly in crypto, especially in Bitcoin because knowing the right thing to do and doing it at the right time will also help them in avoiding mistakes that will lead them to more losses.

[pawanjain]

Not encouraging this but yeah, both the buyer and seller can evade tax if they make the transaction in bitcoin but I will still encourage people to pay their taxes to avoid any legal issues.

That might only work if the transaction took place in a shithole but not in Italy.

Quote from Chatgpt dedicated to al AI haters and Luddites:

Here’s the Italian system, clearly and step by step:

1. Mandatory notary (Notaio)

In Italy, you must go to a notary.

The notaio is:

a public official (not just a private lawyer)

legally responsible for verifying:

the seller’s ownership

the absence of legal defects

the identity and capacity of the parties

compliance with tax law and urban planning rules

Without a notary, the sale is legally invalid.

So in the public records of the transfers both the amount and the form of payment must be registered.

It works the same way here in India too. A registry is needed to transfer the ownership from one person to another.
On top of that, we have to pay the fees for registry to the government which is derived from the land's value according to the government rates.
But people have found their way through this. They declare that they are selling the property for a low value but pay the rest of the amount in black i.e. in cash.
Some people are using bitcoin to play the black amount instead of paying cash.

[purple_sparkles]

It works the same way here in India too. A registry is needed to transfer the ownership from one person to another.
On top of that, we have to pay the fees for registry to the government which is derived from the land's value according to the government rates.
But people have found their way through this. They declare that they are selling the property for a low value but pay the rest of the amount in black i.e. in cash.
Some people are using bitcoin to play the black amount instead of paying cash.

 I am in favor of people paying taxes, but they should be justified and reasonable. What I observe, at least in my country, is that taxes are being raised without clear reasons, new taxes are constantly being introduced, and at the same time there are unreasonably high penalties and fines.This looks more like the government robbing its own population, because living conditions are not improving, social programs are being cut back or worsened, while politicians only keep getting richer. Meanwhile, the standard of living for ordinary people is declining, and people are becoming poorer. Honestly, when you see this, it becomes clear why people look for ways to avoid taxes, and bitcoin is one of those alternatives.

[Nothingtodo]

Hi all,

I am trying to sell my property and I accept Bitcoin payment on my Binance account. Here is the official website of the house: https://modernvillaitaly.link/. It's located in the north of Italy in a beautiful area around Milan and Como. Any advice on how to find channels and interested people in the crypto market? I know about https://cryptorealestate.cc/ but I would like to know more channels and possibilities.

Thank you for your help!

Best regards,
MrE

Why did you suddenly make such a big decision to sell your dream house and all your properties and invest in Bitcoin?
For this reason, you don't have to do P2P on the Binance exchange. In this case, you can place an ad in your local area and get many buyers who will pay you directly in exchange for Bitcoin. Moreover, if there is an alternative to selling your property, it would be better for you to choose that. If you buy Bitcoin with fiat currency deposited in your bank, then it will definitely be better for you.

[Rockstarguy]

Selling your property in bitcoin is good; it shows how interesting bitcoin can be. However, bitcoin shouldn't be the only form of payment you accept. You can choose to accept fiat, and you still have the chance to convert it to bitcoin.

The reason I think there should be different options for payment is to make everything faster. It's possible to find someone who may be interested in buying, but if the only available payment is fiat, you just have to keep in mind that whoever buys will need to convert it to bitcoin.

[Zigabel]

Hi all,

I am trying to sell my property and I accept Bitcoin payment on my Binance account. Here is the official website of the house: https://modernvillaitaly.link/. It's located in the north of Italy in a beautiful area around Milan and Como. Any advice on how to find channels and interested people in the crypto market? I know about https://cryptorealestate.cc/ but I would like to know more channels and possibilities.

Thank you for your help!

Best regards,
MrE

Depending on your need and the urgency in the need for the money, you can add other payment forms and you will have your property sold already. here on the forum is another good platform, i believe someone here may get to see this and will be interested and would want to buy from you. But wanting to dell in Bitcoin sounds more like a  Bitcoiner, it is some sort of promotion for Bitcoin as this will further encourage people to see the possibility with buying and selling using Bitcoin as the means of exchange

[qurbanshah02]

Selling your property in bitcoin is good; it shows how interesting bitcoin can be. However, bitcoin shouldn't be the only form of payment you accept. You can choose to accept fiat, and you still have the chance to convert it to bitcoin.

The reason I think there should be different options for payment is to make everything faster. It's possible to find someone who may be interested in buying, but if the only available payment is fiat, you just have to keep in mind that whoever buys will need to convert it to bitcoin.

This is beneficial for the person who wants Bitcoin and wants to sell Bitcoin and this has actually established Bitcoin to such an extent that earlier places were sold with fiat but now place can be bought with a digital currency. If they have to pay for their place with fiat, they will not choose Bitcoin again. If so, it will be easier for that person to get a place because he has many ways through which he is transacting with someone. Some people are interested in Bitcoin and those who are interested, they first say that if I pay you with Bitcoin, now is the time. Although everything will be done if the next person believes in this thing or has that thing. But this thing is now more clear that we can now transact with digital currency towards fiat.

[Just Say]

Why do you prefer to sale it in Bitcoin?
You can make things easy for yourself by selling it with your currency then you can latter buy Bitcoin, and since your selling something significant as that you will need some paperworks too, and using your currency will be more easier in that aspect as well.

Why is he so keen to sell it in Bitcoin is everyone's question, since this person's property is located around Como and Milan in Italy, he can sell it in their own currency, i.e. Euros and I think that might make things easier. But it seems to me that this person may be choosing this digital gold as payment to speed up transactions and increase privacy, and my idea it may even reduce his paper hassle. Anyway, this Italian man has not yet clearly told us whether he will invest in Bitcoin or something else. If this Italian invests, perhaps he should be a little more intelligent because the person mentioned here has a house in the most beautiful place, which can also be rented out to earn euros and with that, it may be possible to continue investing in this digital gold.

[Cryptomultiplier]

Why do you prefer to sale it in Bitcoin?
You can make things easy for yourself by selling it with your currency then you can latter buy Bitcoin, and since your selling something significant as that you will need some paperworks too, and using your currency will be more easier in that aspect as well.

Why is he so keen to sell it in Bitcoin is everyone's question, since this person's property is located around Como and Milan in Italy, he can sell it in their own currency, i.e. Euros, and I think that might make things easier. But it seems to me that this person may be choosing this digital gold as payment to speed up transactions and increase privacy, and it may even reduce his paper hassle. Anyway, this Italian man has not yet clearly told us whether he will invest in Bitcoin or something else. If he does invest, perhaps he should be a little more intelligent because since he has a house in the most beautiful place, the person mentioned here can earn euros every month by renting it out and with that it may be possible to continue investing in this digital gold.

I won't get surprised if this post gets moved to the marketplace board. However, I feel the need to say something because a mistake should be avoided at all cost.

In a country like mine, Nigeria, government agencies treat Bitcoin as a property and not currency, that means you may still be required to pay two distinct taxes. Do your research on this aspect to be safe.

Also try to use crypto Addendum in your sales contract with the specifics, so as to protect yourself from volatilities that could cause the price of Bitcoin to drop between when you sign the contract and when you close it after the deal is done.

Lastly, employ the service of a crypto savvy attorney while you do well to verify the buyers proof of funds. Since it's going to be a large sum, use hardware wallet like ledger or Trezor, because this would ensure your security and help manage the risks of scams, hackers or exchange issues.

[Justbillywitt]

You have a very good property and the location is beautiful and nice. But Op what is the reason of selling the property? If it is because of bitcoin and you want to sell the house to bitcoin and become a bitcoin holder, I advise you to stop and not to sell the property instead, you can buy bitcoin with DCA to acquire it gradually instead of planning to acquire huge amount at once. This your move is not a good one but a bad move.

There are many reasons why someone might want to sell their properties. I don't even think it's wise for Op to state his reasons why he's selling his property. I believe Op is an adult and has every reason to make decision on his own why the property should be sold. For someone to wake up and decide to sell his property I think the person decision should be respected. If we have the info he is looking for we should share, that's just the best thing we can do for Op. It could be a matter of life and death, I know what am saying.

[uchegod-21]

Op just came here, created a thread, dropped a link for us and disappeared. This thread was created since 4th of this month and today is 6th already, not once has he responded to questions thrown to him or gave some clarifications about facts which may need clarity. I do not think that he is serious about selling any property, because if he was truly serious, he will be active knowing fully well that the inputs from members here will lead him to the perfect market for his property. Op should actively participate in this discussion  first before anyone takes him serious. Aside that, I think the thread can be locked because the op of the thread is not serious.

[Bitcoinislife09]

You can sell you property locally It is a much better approach because they are nearby they could easily visit the property if they are interested. It going to be hard here online, unless you could just put it up for sale online like marketplace so people nearby can see it. This was a very small market but with the right price you could sell this. But it might also up for sale for a while since this was a big decision for someone spending a big amount of money. Be ready and accept that it might stay up for sale for a very long time.

[laspol65]

Hi all,

I am trying to sell my property and I accept Bitcoin payment on my Binance account. Here is the official website of the house: https://modernvillaitaly.link/. It's located in the north of Italy in a beautiful area around Milan and Como. Any advice on how to find channels and interested people in the crypto market? I know about https://cryptorealestate.cc/ but I would like to know more channels and possibilities.

Thank you for your help!

Best regards,
MrE

Op If you want to buy Bitcoin, then sell your property in your local currency, and you can buy Bitcoin with that. In case of buying Bitcoin, you can follow the DCA method, in this your benefits will be more and you will be able to buy Bitcoin at a lower price. By buying repeatedly, you will create an opportunity to buy dip.

[Bd officer]

Hi all,

I am trying to sell my property and I accept Bitcoin payment on my Binance account. Here is the official website of the house: https://modernvillaitaly.link/. It's located in the north of Italy in a beautiful area around Milan and Como. Any advice on how to find channels and interested people in the crypto market? I know about https://cryptorealestate.cc/ but I would like to know more channels and possibilities.

OP, will you invest in Bitcoin or accept payments through Bitcoin? If you use Bitcoin to accept payments, I would suggest that you sell your house in local currency. Because the price of Bitcoin will not be stable, due to which you may lose money. Now I don't know what you will do? Anyway, it is your decision whether you will sell your property. But instead of selling your house, you can buy Bitcoin from your income through DCA strategy. Because with DCA strategy you can accumulate Bitcoin slowly, and investing in DCA strategy will give you the opportunity to buy at an average price.

[Sonia_123]

Hi all,

I am trying to sell my property and I accept Bitcoin payment on my Binance account. Here is the official website of the house: https://modernvillaitaly.link/. It's located in the north of Italy in a beautiful area around Milan and Como. Any advice on how to find channels and interested people in the crypto market? I know about https://cryptorealestate.cc/ but I would like to know more channels and possibilities.

Thank you for your help!

Best regards,
MrE

It's a good idea but how would you be able to identify the real person of this account selling the property and the buyer if being bought in bitcoin through this forum, what about the necessary transfer of asset and other formalities, what is the guarantee that the process is smooth, because on the forum here we are identified by our forum name which i think most of us might not be using our real identity, alot of persons will be skeptical about your moves, therefore it is better you sell your property in your locality, and if moving the huge sum of money into bitcoin investment directly will be suspicious by your government then you can adopt the dca strategy of daily, weekly and monthly buying bitcoin for some period of time and then move into lump sum and then the dip, if it will still be available at that time, gradually buy bitcoin don't rush it because your financial expenses can still be traced in your country. 

It is not just to pay in bitcoin but the necessary step should be done for the sake of trust and transparency.

[GeorgeJohn]

I am trying to sell my property and I accept Bitcoin payment on my Binance account.

We have different means whereby you can accept means of payment from what you wants to sell...you can accept with Fiat currency and more other currencies of your choice

Here is the official website of the house: https://modernvillaitaly.link/. It's located in the north of Italy in a beautiful area around Milan and Como.

People that will develop interest to buy your property is people within your country, it will advice you to lock this thread and go to your local board and create this thread, posting it here is not orderly proper..because it will look indirectly as a scam attempt or strategies.

Any particular reason why you're concerned about that? You can also sell your property for Euros and then use those Euros to buy Bitcoin.

He will not like to welcome your opinion because it's the truth...since he wants bitcoin, he can sell it in euros and purchase bitcoin "since he wants bitcoin" maybe he thought someone from bitcointalk can easily buy the property with bitcoin....How are we not sure, if intentions of op is not to scam people of bitcointalk.

You have a very good property and the location is beautiful and nice. But Op what is the reason of selling the property? If it is because of bitcoin and you want to sell the house to bitcoin and become a bitcoin holder, I advise you to stop and not to sell the property instead, you can buy bitcoin with DCA to acquire it gradually instead of planning to acquire huge amount at once. This your move is not a good one but a bad move.

OP story is like fiction...from your observations, did you sell this thread like something that's true, or op is serious to sell his property, if op need to be investing on bitcoin, it's not what will make him to sell a building, what happens if he started investing in bitcoin with lower and amount, like $500 or $1000 and so on, with a gradual process it will accumulate a lot of Bitcoin.

[Webutxo]

You can sell you property locally It is a much better approach because they are nearby they could easily visit the property if they are interested. It going to be hard here online, unless you could just put it up for sale online like marketplace so people nearby can see it. This was a very small market but with the right price you could sell this. But it might also up for sale for a while since this was a big decision for someone spending a big amount of money. Be ready and accept that it might stay up for sale for a very long time.

OP will only put his property into more risk if he decide to follow this your footstep. Marketplace is full of scammers, I don't think you will find genuine sellers if there is Bitcoin, better sell to anyone around him to his preferred choice of stable coin and then used the money to buy Bitcoin, it's as simple as that unless if OP is trying to avoid tax and that's a crime thing to do.

There is nothing that beat a physical face to face transaction when it comes to a property than any online deal. The risk to lose money isn't even here.

[pawanjain]

It works the same way here in India too. A registry is needed to transfer the ownership from one person to another.
On top of that, we have to pay the fees for registry to the government which is derived from the land's value according to the government rates.
But people have found their way through this. They declare that they are selling the property for a low value but pay the rest of the amount in black i.e. in cash.
Some people are using bitcoin to play the black amount instead of paying cash.

 I am in favor of people paying taxes, but they should be justified and reasonable. What I observe, at least in my country, is that taxes are being raised without clear reasons, new taxes are constantly being introduced, and at the same time there are unreasonably high penalties and fines.This looks more like the government robbing its own population, because living conditions are not improving, social programs are being cut back or worsened, while politicians only keep getting richer. Meanwhile, the standard of living for ordinary people is declining, and people are becoming poorer. Honestly, when you see this, it becomes clear why people look for ways to avoid taxes, and bitcoin is one of those alternatives.

Just want to correct you a little bit. Bitcoin is not an alternative to avoid tax. It was never meant to be used that way.
Its intention was to create a peer to peer payment method which it is doing quite well but people are using it for the wrong purpose.
Yes, it does help one to evade taxes but people can self-declare the taxes if they want to and that is what I would recommend to avoid any penalties from the tax department.