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Press Release
How Many Bitcoins is your Home Worth?
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It’s been making national news, so what exactly is bitcoin and does it affect you as a seller? Originally introduced in 2009, bitcoin is a crypto currency that is not yet viewed as a formal currency. While businesses are warming up to the idea of bitcoin it isn’t just mainstream quite yet. However, some home seller’s think that it increases their buyer base by expanding the type of currency accepted for the purchase of their property. Recently we have seen a number of U.S. properties listed for sale that accept the bitcoin as currency for payment, nearly all of which have made national headlines (think free advertising exposure).
Las Vegas Estate Listed for Bitcoins
One Las Vegas seller is accepting bitcoins for a recently listed 24,500 square foot estate that is priced just under $8,000,000. It does have one claim to fame as the late Anna Nicole Smith shot a movie in the 2,000 square foot guest house. Other features include 12 bedrooms, 15 bathrooms, air conditioning galore, staff quarters and a secret garden to boot. If a bitcoin buyer comes through for the Las Vegas estate this could be the most expensive bitcoin real estate transaction in history.
Background on the Bitcoin
To date there are currently over 12 million bitcoins in circulation. Handling bitcoin transactions does raise questions, but without a bank involved in the transfer of bitcoins it does mean that fewer fees are involved. The digital currency can be pretty volatile though, case in point in 2013 it fluctuated from $13 to $1,200. In fact in just one day last year, the bitcoin lost over half of its value!
Most merchants don’t accept bitcoin as it is not backed by a central bank or any federal government. China is currently the biggest in exchange of the bitcoin, followed by Japan and Europe. The United States hasn’t shown much (if any) acceptance of the digital currency as banking authorities have issued warnings about it citing that it can prompt money laundering and criminal activity. That’s why some people view the bitcoin as a government-proof currency.
In other real estate news related to the bitcoin the Wall Street Journal recently reported that the rental market may open up to bitcoin as well, in fact we have already seen a select number of property management companies across the country advertising the acceptance of bitcoin as a form of rental payment.
My best guess is that we will continue to see sellers testing the market by offering to accept bitcoin as the means of purchasing a property. It will be interesting to see if more “average” median priced homes will begin being listed that offer to accept bitcoin as a form of payment. One thing is for sure that by accepting bitcoin as a form of payment the buyer base is expanded dramatically by allowing anyone in the world to purchase it.
Sellers: List Your Home for Bitcoins!
This decentralized digital currency continues to see a rise in popularity and many wonder whether it has the promise to become the new norm in real estate transactions. Creative marketing is only one way to Sell Your Home for More Money, and in Less Time. To assist homesellers, a new industry report has just been released called "27 Valuable Tips That You Should Know to Get Your Home Sold Fast and for Top Dollar." Click here to get this valuable free report www.27TipsForSouthernNVSellers.com
Las Vegas Estate Listed for Bitcoins
One Las Vegas seller is accepting bitcoins for a recently listed 24,500 square foot estate that is priced just under $8,000,000. It does have one claim to fame as the late Anna Nicole Smith shot a movie in the 2,000 square foot guest house. Other features include 12 bedrooms, 15 bathrooms, air conditioning galore, staff quarters and a secret garden to boot. If a bitcoin buyer comes through for the Las Vegas estate this could be the most expensive bitcoin real estate transaction in history.
Background on the Bitcoin
To date there are currently over 12 million bitcoins in circulation. Handling bitcoin transactions does raise questions, but without a bank involved in the transfer of bitcoins it does mean that fewer fees are involved. The digital currency can be pretty volatile though, case in point in 2013 it fluctuated from $13 to $1,200. In fact in just one day last year, the bitcoin lost over half of its value!
Most merchants don’t accept bitcoin as it is not backed by a central bank or any federal government. China is currently the biggest in exchange of the bitcoin, followed by Japan and Europe. The United States hasn’t shown much (if any) acceptance of the digital currency as banking authorities have issued warnings about it citing that it can prompt money laundering and criminal activity. That’s why some people view the bitcoin as a government-proof currency.
In other real estate news related to the bitcoin the Wall Street Journal recently reported that the rental market may open up to bitcoin as well, in fact we have already seen a select number of property management companies across the country advertising the acceptance of bitcoin as a form of rental payment.
My best guess is that we will continue to see sellers testing the market by offering to accept bitcoin as the means of purchasing a property. It will be interesting to see if more “average” median priced homes will begin being listed that offer to accept bitcoin as a form of payment. One thing is for sure that by accepting bitcoin as a form of payment the buyer base is expanded dramatically by allowing anyone in the world to purchase it.
Sellers: List Your Home for Bitcoins!
This decentralized digital currency continues to see a rise in popularity and many wonder whether it has the promise to become the new norm in real estate transactions. Creative marketing is only one way to Sell Your Home for More Money, and in Less Time. To assist homesellers, a new industry report has just been released called "27 Valuable Tips That You Should Know to Get Your Home Sold Fast and for Top Dollar." Click here to get this valuable free report www.27TipsForSouthernNVSellers.com