By the Engel & Völkers Team
Bitcoin has taken the world by storm. Venturing further into the spotlight for its exponential popularity and sharp rises and falls, this cryptocurrency presents an undeniably fresh way of conducting all types of transactions—which is becoming more and more relevant to the real estate industry. Using bitcoin to complete real estate transactions, certain buyers and sellers may find ease in hard-to-maneuver areas during the transaction process.
Paul Benson of Engel & Völkers Park City recently gave Inman News his takeaways after brokering a real estate transaction using bitcoin, offering real estate professionals five key insights to explore this new frontier. Overall, staying informed and up-to-date about an unpredictable new currency can keep transactions safe and even make for an easier deal. Bitcoin, along with other technological advancements in the real estate industry, can potentially become a crucial aspect of everyday operations.