Bitcoin Used In RealEstate Transactions

I was in a listing appoint with a client the other day and she asked me about rumors that agents were advertising the ability to purchase real estate with Bitcoin. She assumed that it was a hoax and nothing but a scam. I told her it was quite the contrary.

With bitcoin being valued at record highs, many early investors have made large sums of money, and are looking to enter more stable markets such as real estate. With the use of a service called BitPay, a global bitcoin payment service provider, investors of bitcoin are able to convert their bitcoins into cash within minutes. The transaction then becomes a cash deal, which can be enticing to sellers. This is a must faster process than withdrawing from other investments, such as a 401K. However, it’s not a strategy that I’m including in ways to sell your house for more money quite yet.

Inman.com, is the leading real estate news source for real estate agents, and real estate technology leaders. They wrote that a prediction for 2018, is the increased presence of Cryptocurrency, specifically Bitcoin, in real estate transactions. We are already seeing agents across the country include a bitcoin price for their properties, and there was even a recent listing in Miami that was offered as “bitcoin only”. Listed for 33 bitcoin, the property was valued at roughly $540,000.

Benefits of using Bitcoin

For early investors there is definitely an upside to transferring their bitcoin investment to the real estate market. On December 17th, 2017 bitcoin was at a record high of $19,843, and over the following 5 days was down to $15,505. For many investors the comfort of holding on to their profits within a more stable market is a huge appeal.

Snapshot of Bitcoin Prices from 1/2017 to 1/2018

So! With all of that being said, the age of Cryptocurrency within real estate is definitely approaching. However there is no need to panic! We have a long way to go before this is a common place in our industry. If you have any other real estate questions that I didn’t address, give me a call here at the office!

480-500-1738

Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Ready to talk? Call us today.

480-500-1738
  • #1 AZ Real Estate Team

  • Best REALTOR® In The Valley 2017

    - Nominee

    Finalists will be announced in October 2016

  • Top Ranked Real Estate Team

    - Phoenix Business Journal

    2015, 2016

  • Top 10 Buyer’s Agent

    - by Sales Volume

    Homes & Land Magazine 2015, 2016

  • Top 10 Producing Agent

    - by Sales Volume

    Homes & Land Magazine 2011, 2012, 2013, 2014, 2015

  • Top 1% of REALTORS®

    - in Maricopa County by Sales Volume

    Arizona Regional MLS 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016

  • Real Estate Agent of the Year

    - Finalist

    AZ Business Magazine – 2014

  • #1 Real Estate Team

    - in Arizona

    Ranking Arizona – 2014

  • #1 Agent by Sales Volume

    - in Arizona

    Realty One Group, North Scottsdale Office -2015, 2016 Realty One Group, Scottsdale Office - 2011, 2012, 2013, 2014 Realty One Group, National - April 2014

  • Gold Zone Award

    - in Arizona

    Realty One Group, National - 2014, 2015, 2016

  • Real Trends

    (National REALTOR® Rankings)

    Best Real Estate Agents in America 2014

See More
  • Date: 8/23/2018

    Source: Zillow

    I worked with Brandon to purchase my first home and really can’t say enough good things about him. He is knowledgeable, approachable, personable, endlessly patient, - Read More

  • Date: 8/23/2018

    Source: Zillow

    Have known Stacy for about 5 years now and have grown to respect her professionalism and her experience in the market. She helped me with - Read More

  • Date: 8/19/2018

    Source: Zillow

    I recently purchased a second home close to family in Glendale (I live in NY) and Elise was AWESOME! The transaction was done almost entirely - Read More

  • Date: 8/16/2018

    Source: Zillow

    Brandon is awesome! He was always available for us even with our crazy schedule. He responds quickly and is very patient. He is pleasant and - Read More

  • Date: 9/29/2018

    Source: Email

    My 1st choice and only choice is Elise Fay. Why? Integrity and no one better in your corner! Last year she sold 51 houses, YTD she’s - Read More

See More