REAL ESTATE AND CRYPTO: IT'S HERE TO STAY!

in life •  7 years ago 



Let's look at the pattern: 

1. "In what is believed to be a first for Seattle-area real estate, a young investor has used bitcoinlike cryptocurrency to buy a house in Tukwila." Source:https://www.seattletimes.com/business/real-estate/bitcoin-like-cryptocurrency-used-to-buy-home-in-tukwila-likely-a-first-for-seattle-area-market/

2. "A Bitcoin evangelist who goes by the moniker “Paychecks” paid nearly 18 Bitcoin for a condo, in what appears to be the first cryptocurrency-only real estate transaction in South Florida." Source:https://therealdeal.com/miami/2017/12/29/first-known-bitcoin-only-real-estate-deal-in-miami-closes/

3. "The story seems like a modern Mad Lib: A house near the Green Bay Packers' Lambeau Field is being sold by a former Facebook executive for $1 million in cryptocurrency." Source:https://www.usatoday.com/story/news/nation-now/2017/12/29/got-1-million-bitcoins-packers-party-house-could-yours/991955001/

REAL ESTATE AND CRYPTO GET WITH IT OR BE LEFT BEHIND

Although, the majority of the market still purchases home through a loan [fha/conventional] and some with that old fiat currency, the blockchain technology is on it's way to make some changes..and should I say a much needed change in the real estate market.

My hope is that the buyer and seller save money on the never ending fees that pile up during the closing of a home. That the transaction between both parties become more efficient and perhaps, the need for a realtor could truly be optional. 

Whatever occurs, real estate, I feel, will be the first market to see change due to crypto. And I am excited for it.

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