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Is Cryptocurrency Changing the Miami Real Estate Market?

April 21, 2021 by Jacki Taylor

Cryptocurrency and Bitcoin




With the Miami real estate market so hot right, it is of no surprise that offers are becoming more and more creative. We are seeing contingencies and appraisals being dropped to create a competitive edge for buyers. These aren't the only items of change! In the MLS (multiple listing service), we are seeing an option for sellers to decided if they will accept cryptocurrency in their offer.





Cryptocurrency is a digital asset used to purchase goods and services. It has made headway in the past few years and it continues to gain popularity. In Miami we are seeing nightclubs, retail shops, and airlines accepting this form of payment. More retail stores are beginning to accept it like Overstock.com, Microsoft, and Home Depot, to name a few.





According to The Real Deal, South Florida is seeing a large number of Financial Managers and Tech-Savvy Entrepreneurs from Silicon Valley and New York using crypto in their real estate offers.





Vice President of Portfolio Development for Idoneus, Tim O'Leary handles a Swiss payment token (native cryptocurrency), which he has seen included in real estate offers more recently. O'Leary stated, "Idoneus has been utilized as a method of payment to acquire properties in Alaska, to Florida, to the Caribbean."





Cryptocurrency in Real Estate




There are a few different cryptocurrencies currently out and the most popular is Bitcoin. With how mainstream Bitcoin has become, crypto is becoming a common occurrence but there is still much hesitation. Since crypto leaves no paper trail, there is a lot of skepticism.





One of the biggest perks is that it can allow for cheaper and faster transactions, which is huge for the current real estate market.


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namrata

very nice information about real estate. I get better information from this article.

Montreal Real Estate

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Binance

Great article, cryptocurrency has indeed changed every market, this is a trend

Life coaching

Great article!

Leasehold

Now, this is something I like more about your article. You just keep it simple. This is the 2nd continuous article I’m reading of yours to learn more about real estate. Thank you for the amazing tips.

Directory Listing

Absolutely! Cryptocurrency is the future of wealth, and we believe this is only the beginning.

Concrete Contractors Fort Collins

very good information! Their job is to represent either party and help them achieve a purchase or sale with the best possible terms.

dahie

I agree! Cryptocurrency as a form of payment prior to the Arte sale, Arte’s developers believe the record sale could kick off a much broader trend of developers aggressively courting crypto buyers.

miama

I agree! Because Miami is on the list of best American cities for real estate investment. It’s boasting an 18.6 percent return year by year. Because local real estate prices are affordable compared to other major cities in the US. Thanks for this information!

Earth Realtors

Thanks for sharing. I will try to implement these methods on my blog. Thanks for sharing. Keep updating us.

Gered

Cryptocurrency is a potentially great digital asset for investment. Some cryptocurrencies have better options for investment in 2021. like games with NFC.

jonas A

I agree! Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.

chrady

Before the pandemic, the commercial real estate market had slowly and cautiously been opening up to cryptocurrencies, such a bitcoin.

jackharry

The customers have to shop for bitcoin from pockets handiest however now no longer from any other individual. There become a charge distinction in shopping for and promoting price and customers has to pay a few nominal charge for finishing their transactions.

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