This is a guest post written by Alejandra Roca from Redfin that will help you weigh the decision.
Cryptocurrencies like Bitcoin, Litecoin, and Ethereum have created fast fortunes for investors, and now they’re beginning to make waves in real estate.
While it’s still not exactly mainstream to buy a home with Bitcoin, or any cryptocurrency, more sellers are marketing listings with “Bitcoin accepted” to appeal to a younger and more international market of buyers.
As buying property with cryptocurrency becomes more common, both buyers and sellers need to know the pros and cons.
Pros and cons for buyers
Pros and cons for sellers
Cryptocurrency has the power to transform the real estate industry through the deep technology of the blockchain. The inherent security and transparency of blockchain makes it suitable for mortgage, title, and real estate transactions.
In reality, cryptocurrencies are already influencing the way people buy and sell homes, with more sellers accepting bitcoin and more buyers ready to cash in. Of course, using crypto as payment comes with pros and cons, so make sure to do your research before investing.
Blog articles are purely for educational purposes and provides generalized information of the topic(s) covered. These articles should not be considered as legal advice.