What is necessary to buy real estate with bitcoin?
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Buying Real Estate With Bitcoin: Is It an Option You Should Consider?
Purchase Enquiry. Year From A , square foot mansion purchased by a Chinese millionaire using Bitcoin.
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Although not used directly, the Bitcoin was sold in the U. According to Natalia Karayaneva , CEO of Propy , a global real estate marketplace, more of her international clients use cryptocurrencies for real estate purchases. Karayaneva also points out that the U. They want to have parts of their assets abroad in more stable countries.
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Currently, numerous California single-family homes are purchased with all cash without a mortgage. This makes the usage of Bitcoin easier. Dekel points out that Chinese Bitcoin investors quickly convert into U. The reason for high interest from wealthy Chinese in California and other U. However, Reuters reported last June that over the previous six months property investments diminished.
This encourages the Chinese to actively invest in international real estate markets due to the instability at home. Bitcoin used to buy real estate as explained here remains a viable option for purchases in California and nationwide.
11 glorious homes you can now buy with bitcoin
A surprising number of high-end real estate sales in Bitcoin continue to occur across the U. Many wealthy Chinese investors use Bitcoin for their real estate purchases in California and in other states. Hong Kong brokerages facilitate Chinese and other Asian investors using Bitcoin to buy real estate in the U. San Francisco and Los Angeles real properties appear most popular with Chinese using Bitcoin for their purchases. Some sellers accept Bitcoin while others demand cash.
Companies like BitPay convert Bitcoin into U. Find out if the seller accepts Bitcoin or another cryptocurrency. If not, contact a company that converts Bitcoin into U. Mission Valley: Temecula: [email protected]. Bitcoin Used to Buy Real Estate.