HOW DO I PURCHASE A PROPERTY WITH CRYPTO?
First, we'll need to verify funds. We use a payment processor and escrow company that only accepts BTC, BCH and ETH. There are also collateralized loan options. Most transactions are crypto to cash, unless the seller is willing to accept crypto. The escrow process is the same as a traditional transaction with terms and contingencies agreed to buy the buyer and seller.
HOW CAN I SELL A PROPERTY IN CRYPTO?
First, we'll need verification of ownership. Next, we'll outline marketing and listing terms in an LOI (Letter of Intent). Depending on where the property is located, we may have to enlist a "boots on the ground" agent for state and local contractual procedures. We will then market your property world-wide on leading crypto sites, tier 1 and tier 2 news platforms as well as engage with serious potential buyers associated with CRG and its partners.
HOW IS THE PRICE DETERMINED?
The purchase price is always determined in Fiat (government-backed currency), e.g. if the purchase price is $1,000,000, then the market value of Bitcoin will equal $1,000,000 at the time of closing. If the transaction is written as crypto to crypto, explicit instructions will be written into the purchase agreement stating that the buyer and seller agree to the market fluctuations after the close of escrow and that the buyer is no longer responsible for those fluctuations.
I'M AN AGENT AND WANT TO KNOW MORE ABOUT HOW I CAN HELP MY CLIENTS.
If you're an agent and have a client who wants to sell or purchase a property in crypto, please contact us and we'll be glad to help. If you are wanting to learn about blockchain technology selling or purchasing properties in crypto, we offer Crypto Certified Agent courses through our partnership with Propy.