Can Help you Buy a Home with Crypto.
Welcome to Mike Frey Realtor Berkshire Hathaway HomeServices California Properties Crypto webpage. Contact me if you have any questions or need help converting your crypto to a real asset and Buy a Home with Crypto.
Congratulations! So you made money with Crypto, good job.
People always ask me: Can I Buy a Home with Crypto? Yes, you can.
In the past, buying a home with crypto was difficult, but that’s not the case today. I think it’s an excellent idea to sell part of your crypto profits and convert them into real property, a place you can live in. Interestingly, real property in San Diego is a lot like crypto in that it’s capped with limited space.
I work at Berkshire Hathaway HomeServices California Properties. We bring the weight of a respected brand to your real estate endeavors. This partnership promises not just excellence but a legacy of trust and unparalleled service.
California Title is a Title Company. (Also Affiliated with Berkshire Hathaway HomeServices) Here is a link to The title company.
Contact Mike Frey (Realtor) Berkshire Hathaway HomeServices California Properties (858) 330-1242
Buy a Home with Crypto? First Step.
- Consider VersPay to sell and convert your Crypto to US Dollars.
- Why is US Dollar preferred? All the cost and fee vendors during the transaction do not want Crypto as payment. Commissions to the brokers need to be subdivided into many different providers. We all pay taxes, the gov wants their earned income tax from all of us vendors from the sale of real property. (As far as i know, we cannot pay taxes with crypto as of yet.)
California Title directs people to VersPay, but they are not affiliates. I recommend that you consult your CPA, as you may have tax questions. A CPA should ensure you don’t have to withhold capital gains/losses from your Crypto position. You can Buy a Home with Crypto earnings.
Buy a Home with Crypto
Can I buy any property in San Diego with cryptocurrency through VersPay?
Yes, with VersPay and converting your Crypto to US Dollars, you can purchase any property listed in San Diego. As soon as I receive your pre-approval and Sign an exclusive Buyers Broker Agreement, we can start to find your home.
How do you convert cryptocurrency to USD for transactions?
VersPay uses a straightforward and secure conversion process, offering competitive exchange rates. They ensure the conversion reflects the real-time value of your cryptocurrency, making the transaction transparent and fair.
Are there any additional fees for buying a home with cryptocurrency?
Typical closing fees (around 2-3%), first down payment (3% to as much as you want), agent concession (negotiable and may be stacked on loan or paid directly)
How long does the buying process take when using cryptocurrency?
The timeline varies based on factors like the speed of the conversion process and real estate transaction details. We strive to make the process fast and efficient. We recommend consulting your CPA first, as there may be necessary withholdings or capital gains/losses to consider.
Can I consult with Mike Frey before deciding on a property?
Absolutely! I will add more value to your purchase than the cost of concessions. You will need to sign a Buyer Agreement before we look for homes. This way, I can explain the commissions and the value I add.
Contact Mike Frey (Realtor) Berkshire Hathaway HomeServices California Properties (858) 330-1242
Selling Crypto
Deciding what to buy, when to sell, and how long to hold—it’s always difficult. (If you didn’t have a goal price, how would you know when to sell it?)
I can’t make that call for you, but there’s one thing I can tell you: you won’t accumulate any life-changing wealth if you don’t take profits and reduce your risk exposure.
Eventually, that risk is going to catch up, and you could lose everything. My advice? If you’re up on your crypto investments and considering cashing out, think about putting some of that money into real estate. It’s a solid way to reduce your risk and still keep your capital working for you. Remember, not diversifying could lead to significant losses, so it’s important to consider all your options.
Check out my Real Scout page or my New Homes Page for San Diego Real Estate.
Find out how much a San Diego Home is?
I set up a special Home Search page for you to get a local view of properties to see in San Diego. Featuring TWO amazing search platforms for you, absolutely free. Real Scout and Berkshire Hathaway Home Search website and App. Click Here.
Contact Mike Frey (Realtor) Berkshire Hathaway HomeServices California Properties (858) 330-1242
New Rules in Real Estate
Whether you sell your crypto or are ready to buy a house, be prepared to sign the Buyer’s Broker Agreement (BRBC) before viewing any properties. The videos below will help you understand the process.
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