Want to buy a house with Bitcoin? Here's what you need to know.
Here’s something new, check out this article from our partners over at OpenListings.
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How buying a house with Bitcoin works
If you're serious about purchasing a house with Bitcoin, there are a few factors that come into play:
The seller has to be down
First, you have to find a seller who is willing to accept Bitcoin as payment for the house. You can use our search to look for the words "Bitcoin" or "Ethereum" or whatever your cryptocurrency of choice happens to be to find potential property matches.
Once you have an accepted offer, the title and escrow companies have to agree to handle the transaction
Even if you are able to find a seller that's willing to accept your offer in Bitcoin, it can be tricky to find title insurance and escrow companies who feel comfortable handling virtual currency transactions. To take on your home purchase, they may require you to cash out your Bitcoin so that your transaction can be treated more like a traditional house purchase.
By Open Listings