The Benefits of Buying a Home with Cryptocurrency in Florida

Introduction

Cryptocurrency is becoming more and more popular as an investment tool, but it’s also a great way to buy a home. In this post, we’ll show you how to use cryptocurrency to buy real estate in Florida. If you want to know more about buying with cryptocurrency or are interested in selling your home for crypto, contact us today. We specialize in helping people with all their modern real estate needs!

Digital currency is on the rise.

Buying real estate with cryptocurrencies like Bitcoin, Ethereum and USDC offer distinct advantages. As of this writing, the entire cryptocurrency market is worth over 1.4 trillion dollars. And it's poised to continue to grow! According to most analysts, cryptocurrencies are not going away. In fact, the total value of all cryptocurrencies will probably grow significantly over the next few years.

As a result, many investors are looking for ways to take advantage of this new asset class by purchasing real estate with their crypto holdings instead of cash or bank loans as they used to do in the past. However, buying a house with cryptocurrency can be tricky because there aren't any established standards for doing so yet. Keep reading so we can show you just how simple the process really is.

Funding through cryptocurrency can be a great way to get financing for your home purchase. Here's why: Transferring funds can be done quickly and securely, especially compared to a traditional mortgage application process. Crypto also allows you to purchase a home with minimal paperwork and bank involvement.

When looking to buy a home in Florida, it’s important to be aware of the many benefits that cryptocurrency can offer. It’s also important to understand how other funding options work so that you can determine what works best for your unique situation.

The first thing you should know about using cryptocurrency for real estate purchases is that it is fast and easy. In fact, transferring funds via crypto can often be done quicker than traditional methods such as ACH and wire transfers, not to mention the old, outdated checks. What's more important to note is that transfers are secure because they are encrypted with a private key—meaning only the owner has access to the funds or information being transferred. This keeps both the buyer and the seller safe.

In addition to speed and security, crypto allows buyers the opportunity of purchasing properties without having a traditional loan application process involved (which can take weeks) or involving banks at all since cryptocurrency transactions are not processed through banks but rather wallet to wallet or from an exchange.

Token Realty is your go-to real estate brokerage for real estate transactions utilizing cryptocurrency.

If you're looking to buy a home in Florida, we can help you make it happen with cryptocurrency. We'll handle all the paperwork and guide you through the process until you have the keys to your new home! Don't let the old-fashioned banking system stand between you and your dream of buying a home in Florida. Contact us today!

If converting your crypto into fiat is proving to be too difficult for you, we can provide that service as well. If your title company is giving headaches about accepting cryptocurrency as payment for closing costs or loan origination fees, give us a call, and we'll gladly connect our buyers and sellers with a qualified title company who knows what they're doing!

You can buy a home with cryptocurrency in Florida, and we can explain how it works.

The first step is to contact a Token Realty real estate agent who’s not only familiar with the process but also comfortable working with cryptocurrencies. Token Realty shines in this area, and we are more than happy to help with your crypto real estate transactions.

Once you've been connected with your Token Realty crypto-friendly real estate agent and signed on the dotted line, they'll schedule a meeting to cover all the necessary steps to the process so that all parties know exactly what is happening at every stage of this new and exciting process.

Afterward, your real estate agent will identify an escrow company (the third party that holds all funds until closing) through whom they'll make their payment via Bitcoin or other accepted cryptocurrencies listed below.

With crypto being adopted all over the world, the calls are increasing from buyers using crypto to purchase real estate in Florida, so Token Realty has partnered with a tile company to assist buyers with these transactions. Now with an updated payment process that is even easier and faster!

When you purchase real estate with crypto, the title company disburses funds from escrow directly to all parties requiring payment in USD (United States Dollars). You can use Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, and XRP as your method of payment for your Florida Real Estate purchase. The Token Realty team works with buyers who wish to use one of these cryptocurrencies as their method of payment for their Florida Real Estate purchase through a partnership that offers this service to its customers.

Title companies work with many different financial institutions that allow them access to numerous funding sources when a real estate transaction is closing. This means they are able to take advantage of any new technologies that emerge in order to provide their clients better services at lower costs while remaining compliant with all laws within each jurisdiction where they operate their business.

When it comes time for the title company's client who paid using cryptocurrency, however, there is still some work required on behalf of both the title company and Token Realty before those funds become available at closing. The entire process should take no more than three days from start to finish. We would recommend contacting us before committing to making any purchases so we can provide an accurate timeline depending on where your tokens are stored (exchange vs. wallet) and the proper steps you can take to make sure your first home purchase using bitcoin or other cryptocurrencies such as Ripple or Dash etc...is a smooth and easy transaction.

Below find the items we will need for review and approval. The approval process now only takes approximately 3 business days.

• Below find the items we will need for review and approval. The approval process now only takes approximately 3 business days.
• Public Wallet Address to verify the type and amount of cryptocurrency held.
• Name and email address of the Purchaser.
• Proof of identity (passport, driver’s license, state, or national ID card) and Liveness Check (selfie).
• Proof of address (utility bill, bank/credit card statement, tax invoice, or another government-issued residential statement/certificate which is no more than 3 months old).
• Completed PEP (Politically Exposed Persons) Declaration.
• Copy of fully executed purchase/sale agreement.

Conclusion

Buying a home with cryptocurrency in Florida is a great way to get into the market. It's not as difficult or risky as you might think, and it gives you access to some of the most desirable homes in the area. If you're looking for an investment opportunity, buying with crypto could be just what you need!

The benefits of buying real estate with cryptocurrencies are numerous—you can purchase properties without having equity, loans, or credit scores and enjoy lower fees than traditional lenders typically charge. The only thing standing between buyers and these incredible opportunities? Financial literacy! In this article, we’ve covered some of the basics that every newcomer needs to know before they start making decisions about using their digital assets to buy property, namely that everything boils down to trustworthiness versus riskiness when deciding whether or not to invest cryptocurrency into brick-and-mortar assets makes sense. We also discussed how investing in this way enables people who might have previously been excluded from such deals due to financial hurdles like lack of cash flow or high-interest rates on loans (or even those who don't want loans at all!). And finally, we talked about how purchasing properties through these types of transactions can actually benefit both parties involved by increasing liquidity while reducing costs, ultimately helping everyone involved save time and money.

Get started today with your first real estate transaction using cryptocurrency; contact Token Realty today!