The purchase of a beach villa, a city apartment, or even investment property is typically paid for in local or foreign currency. However, it is also possible to use Bitcoin or other cryptoassets as payment. Since this is not a legal means of payment, both parties must agree. Bitcoin for real estate can be a beneficial deal structure for both the buyer and the seller.
Offering such an approach as a seller or requesting it as a buyer of real estate requires a detailed understanding of what it means in practice, what the negotiation points are, and what the typical critical issues will be. If the sale of a property or the transfer of an apartment or condominium fails because of crypto financing, both sides lose reputation and money. A well thought out approach is therefore of paramount importance.
The crypto real estate market is still in its infancy. Dr. Ulrich Eder, President of PUGNATORIUS S.A., assisted in some pioneer transactions of this kind. The diversification of crypto wealth into real estate depends on the market expectations of the players. The real estate industry, international brokers and agents, and other players should prepare themselves in time for this inexorable development.
Transactions in which the parties do not have a full understanding of the legal and factual details are more easily enforceable. However, such details should not be naively and unwisely disregarded because they are highly relevant to the overall transaction risks and long-term consequences. A wise man learns from the mistakes of others rather than making them himself.
The question of whether the label "Bitcoin for property" is really true is the first and most relevant structural aspect. In most current cases, the seller receives in fact fiat money from the transaction, not the buyer's cryptocurrency. This may be acceptable. It may even be required by local regulations. In other cases, it is a costly and burdensome complication that is not in the cryptomillionaire's best interest.
Such misleading advertisements is #bitcoinwashing, the misuse of the Bitcoin brand by falsely associating activities and businesses with the cryptocurrency or its technological advantages without actually requiring or utilizing Bitcoin's characteristics or capabilities.. Bitcoin washing should not be confused with #bitcoinlaundering, which has a completely different meaning.
Real estate agencies and real estate platforms affiliated with BitPay or similar crypto exchange companies will predominantly promote their highly regulated services. Real estate buyers and sellers should be aware of the implications in order to make an informed decision on how to proceed. The devil is in the details, and independent advice on the opportunities in the market is worth its weight in Bitcoin.
PUGNATORIUS S.A. is an independent niche consulting practice with a focus on Modern Digital Asset Protection Strategies for Bitcoin millionaires and people whose wealth lies outside traditional banking channels. An essential part of its professional services is crypto property advice and transaction support.
A smart person learns from the mistakes of others instead of making his own mistakes in a purely experimental trial-and-error approach. PUGNATORIUS S.A. provides professional guidance and transaction support to make the purchase or sale of real estate successful, efficient and in full compliance with legal, tax and regulatory requirements. These services are typically provided in addition to the professional services of the party's local law firm.
Our consultancy firm advises and assists cryptomillionaires in efficiently converting crypto assets into beach villas, stylish apartments, exotic islands and other flagship properties. We guide through the entire acquisition process and provide transaction support to oversee the workflow of negotiation, signing, closing, and crypto and property transfer.
On the seller's side, our firm advises on market opportunities and transaction requirements for selling real estate for Bitcoin. It provides support and assistance in preparing attractive but prudent sales offers and acts as an experienced crypto advisor throughout the sales process.
For real estate agencies and platforms, we assist in the development and establishment of crypto real estate marketplaces, the design and implementation of transaction support elements, crypto support during sales and, if needed, communication with the seller and buyer.
PUGNATORIUS S.A. is here to empower you with the tools and knowledge you need to make informed decisions and take advantage of modern digital asset protection and wealth preserving opportunities as well as freedom tech in the digital age. Be Your Own Offshore Bank.