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Distribution (OP)
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January 03, 2013, 10:01:28 PM |
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I have property in central Florida that I'm considering selling. I bought it with the intent to fix it up and live in it or rent it out, but I don't have time or knowledge to finish it and the people I've hired are flaky. I had one guy who did a lot, but has all of sudden stopped. I'm starting back in school and just don't feel like I need the hassle of a rental property or the hassles that go along with owning an extra property. So I was thinking of selling, but I didn't want to limit my options to USD.
How difficult would it be to sell a house for bitcoins? I've seen other threads asking if it's been done, and I've seen where it has been done (or at least property offered for BTC). Luckily, the sale wouldn't be for much, but with the possibility of a mortgage, are there any known incidences of bitcoin mortgages? This is something I'll look more into when the details of selling become more concrete, but I'm just wondering.
Finally, are there any other uses for a house or quarter acre lot that can be done to earn bitcoins? I considered leasing out mining contracts, but I can't say that my knowledge is sufficient to run a large mining operation. Not to mention that a house in Florida probably isn't the best place to mine because of the heat and humidity.
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casascius
Mike Caldwell
VIP
Legendary
 Offline
Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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January 03, 2013, 10:06:47 PM |
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Very simple: have the agent add the following to the listing notes: "Seller accepts Bitcoins". Of course, this assumes you own the property free and clear or are close to it (otherwise your mortgage company probably isn't going to accept bitcoins for the payoff).
In all likelihood, your property won't sell for Bitcoins, but if it did, plan on having to sell some of the Bitcoins to pay your costs - or be open to a part BTC part USD deal.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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pizzaman1337
Newbie
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Activity: 37
Merit: 0
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January 03, 2013, 10:17:55 PM |
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Just curious, about how many BTC were you thinking of selling it for?
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Distribution (OP)
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January 03, 2013, 10:23:13 PM |
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Just curious, about how many BTC were you thinking of selling it for?
Well, it would be tied to a USD amount. Probably somewhere around $60k. So about 4500 BTC at the current rate. |
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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January 03, 2013, 10:31:07 PM |
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If someone buys that, it'll make news everywhere.
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Distribution (OP)
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January 04, 2013, 12:26:23 AM |
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If someone buys that, it'll make news everywhere.
Apparently, a transaction that took place in the Cayman Islands for 100k BTC. I don't know how true it is. Obviously my goal would be to sell the house, and not necessarily to make news. However, if it made news, I'd be ok with that. Even if a Bitcoin company bought it just to make national news, that would be great buzz marketing. |
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BlackLilac Jordan
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January 06, 2013, 07:01:27 AM |
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Say hello to our Pirate losses! Good luck selling your house buddy, whether via BTC or USD. |
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casascius
Mike Caldwell
VIP
Legendary
Offline
Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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January 06, 2013, 05:04:33 PM |
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My understanding was that the Cayman Islands piece was a fake. Someone took an ad from a real business, registered a similar looking domain name, substituted "Caymen" for "Cayman", and posted a fake press release about a recent property deal for bitcoins.
That doesn't mean this is far off however. If I were selling my house, car, etc... you can bet I would be offering to accept bitcoins as payment or partial payment.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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novusordo
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January 06, 2013, 05:59:07 PM |
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My understanding was that the Cayman Islands piece was a fake. Someone took an ad from a real business, registered a similar looking domain name, substituted "Caymen" for "Cayman", and posted a fake press release about a recent property deal for bitcoins.
That doesn't mean this is far off however. If I were selling my house, car, etc... you can bet I would be offering to accept bitcoins as payment or partial payment.
Yes, it was completely fake. They copied the web page from the original website and posted the fake press release on the similar-looking domain. |
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Meni Rosenfeld
Donator
Legendary
Offline
Activity: 2058
Merit: 1054
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January 06, 2013, 06:14:05 PM |
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Just curious, about how many BTC were you thinking of selling it for?
Well, it would be tied to a USD amount. Probably somewhere around $60k. So about 4500 BTC at the current rate. If someone buys that, it'll make news everywhere.
From 5K BTC pizza to 5K BTC house. Nice. |
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Agorastos
Newbie
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Activity: 19
Merit: 0
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January 13, 2013, 03:35:11 PM |
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Say hello to our Pirate losses! Good luck selling your house buddy, whether via BTC or USD. Please Donate to the Legal fund. This way we can guarantee you get back as much as possible. Top doners get priority payment. 1Fm8e4Zd5JVYZDDFkYzhrRjaGpZoCcngPT this is the cayman islands real estate website.....luxurious |
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johnniewalker
Legendary
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Activity: 896
Merit: 1000
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January 15, 2013, 04:04:49 AM |
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I remember seeing a small cottage in...Spain I think for auction on BitMit.
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TheButterZone
Legendary
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Activity: 3052
Merit: 1031
RIP Mommy
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January 15, 2013, 08:29:24 AM |
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Just curious, about how many BTC were you thinking of selling it for?
Well, it would be tied to a USD amount. Probably somewhere around $60k. So about 4500 BTC at the current rate. Auto-goxlast-calc: ~  |
Saying that you don't trust someone because of their behavior is completely valid.
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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January 15, 2013, 08:30:20 AM |
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Just curious, about how many BTC were you thinking of selling it for?
Well, it would be tied to a USD amount. Probably somewhere around $60k. So about 4500 BTC at the current rate. Auto-goxlast-calc: ~ Getting cheaper every day..! |
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