Not all of this year's predictions are about cryptocurrency and venture capital funding startups. Big money is also bringing traditional efficiency to the real estate brokerage business. With all the flashy real estate technology surrounding us, we have to stop and ask ourselves, who is this technology good for: us, our clients or consumers? Bitcoin bartering People are buying homes with cryptocurrency. “I’ll sell my house for bitcoin” is the latest marketing tactic, and it’s working, at least for publicity. Most of the transactions I hear about involve bitcoin being used as proof of funds, and then converting it to cash before closing. Not so far off from a traditional sale, we’re seeing FNMA mortgage pre-approvals with cryptocurrencies used as verified assets, as equity in other securities would be. The final sale is conducted all in dollars, so “bitcoin sale” is a bit of a misnomer. Of course, there could be situations where a homeowner would trade a deed di...
- Bitcoin and cryptocurrency offer fascinating opportunities and risks for real estate. Virtual reality and its brethren are building beautiful environments -- do they really help resale?
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Dive into the latest Technology impacting real estate, Jan 22, 2018