Miami Penthouse broke a record deal and was sold for $28 Million!
Two luxury waterfront condos cost about 560 Bitcoin and are waiting for the crypto-holding buyer!
These are just the recent examples of crypto deals in real estate. Miami became a Crypto-City, with its own digital coin. It’s time to use this benefit!
Cryptocurrency enters real-estate market
The real estate industry is changing dramatically. New technologies and services transform the way society completes real estate transactions.
One of the newest technologies is cryptocurrency. The growing popularity of Bitcoin, Ethereum, and other crypto coins bring new opportunities – selling or buying a house with a crypto transaction – it’s the brave new world we were waiting for!
In fact, buying a home with Bitcoin is a regular deal in Miami.
As these transactions become a more popular and accepted option for homebuyers and sellers, those who wish to use cryptocurrency will require new unique services to complete their real estate transactions. It’s important to understand how these transactions work and ensure that all the security measures are met.
You should carefully approach every real estate transaction, no matter which crypto you use. Even if you are a crypto guru, you need knowledge and understanding in real estate, too.
How To Buy a House With Cryptocurrency?
There are 2 ways to buy real estate in Miami with cryptocurrency.
The first one – traditional. All you need is a seller who agrees to sell you real estate for crypto. The process is much easier than buying with cash or bank transfer, and it’s 100% legal. However, you’ll have to pay taxes for your crypto!
The second one is a SPECIAL one, which I love the most. You don’t sell your crypto, but you loan it from the bank!
The bank gives you dollars instead of your crypto. That way, you skip paying taxes for selling your crypto!
When deciding on using cryptocurrency for a real estate purchase, I suggest you ask your financial advisor for guidance. As with any significant investment, it’s wise to seek professional consultation on the most effective way to manage the financial aspects of a sale.
Know someone who wants to buy a house with cryptocurrency? Make sure to suggest them my services!
Let me know if you have any more questions. I would love to help you with your crypto investment in real estate. Also, check out my Instagram page – realtor.katya. I hope you liked this post. Also, if you’re interested to find out more about Miami neighborhoods, check out these posts below.