Homes You Can Buy With Bitcoin: Real Estate Meets the Crypto Boom

Lisa Mailhot  |  December 6, 2024

Buyers

Homes You Can Buy With Bitcoin: Real Estate Meets the Crypto Boom

 

If you’ve held onto bitcoin over the last decade, congratulations—you’re sitting on a fortune. Bitcoin’s meteoric rise to $100,000 is reshaping the way investors approach big purchases, including real estate. Andrew O’Neill, a digital assets expert at S&P Global, notes that this surge is driven by expectations of pro-crypto policies under the new administration.

“There is anticipation that the new administration is going to be somewhat more favorable to crypto than the old administration was,” he told the BBC.

With cryptocurrency becoming a mainstream asset, buyers and sellers alike are exploring how to leverage it in the housing market.

The Crypto-Real Estate Connection

Although the cryptocurrency market has had its ups and downs—like the dramatic drop during the early COVID-19 pandemic—it’s clear that crypto is here to stay. Sellers nationwide are increasingly open to accepting bitcoin and other cryptocurrencies for property purchases.

Johnny Schiro of RealOpen states,

“Miami is the U.S. crypto hub. New York, Los Angeles, the San Francisco Bay Area, Las Vegas, and Colorado also have significant crypto real estate activity.”

How to Buy a Home With Bitcoin

While the process might sound daunting, there are several ways to use cryptocurrency to purchase a home:

  1. Convert Crypto to Cash
    Services like RealOpen handle the conversion of bitcoin into cash for sellers, simplifying transactions.

  2. Crypto-Backed Mortgages
    Companies like Milo allow buyers to borrow against their crypto holdings, using bitcoin, ethereum, or USDC as collateral.

  3. Direct Crypto Transactions
    Platforms like Propy facilitate blockchain-based real estate deals, keeping your coins in escrow until the sale is finalized.

Crypto-Ready Properties on the Market

Curious about what’s available? Here are some real-world examples of properties accepting cryptocurrency:

These listings demonstrate how crypto-savvy buyers can find options across price ranges, from mobile homes to expansive properties.

Tax Considerations for Crypto Purchases

Before you cash in your crypto, remember to factor in potential capital gains taxes. Selling Bitcoin or Ethereum at a profit triggers taxable events, so consult with a tax professional to minimize liabilities.

Bottomline

Cryptocurrency’s integration into real estate is no longer a future concept—it’s happening now. From bitcoin-backed mortgages to blockchain-secured transactions, the possibilities are endless for buyers ready to explore this innovative market.

If you’re dreaming of moving to a new home and want to discuss how crypto can play a role, let’s connect!

 

 

Reference: Gerstein, Julie. “Homes You Can Buy for 1 Bitcoin as Cryptocurrency Hits $100,000.” Realtor.com, December 5, 2024.

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Lisa Mailhot

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124 Tustin Ave Suite 200, Newport Beach, CA 92663