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 with your profits.
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.
Mike Frey Realtor | Phone: 858-330-1242 / Email: [email protected] / V-card
Buy a Home with Crypto? First Step.
Consider Using VersPay to Sell and Convert Your Crypto to US Dollars
Why is the US Dollar preferred? Most transaction-related costs and fees, as well as vendor payments, are not commonly accepted in Crypto. Additionally, commissions paid to brokers often involve multiple service providers, which further complicates payments in Crypto. Importantly, taxes are a factor—governments require earned income tax payments from all vendors involved in real estate transactions, and as of now, taxes cannot be paid with Crypto.
California Title often directs clients to VersPay for Crypto-to-USD conversions; however, they are not affiliated with the platform. I recommend consulting your CPA for any tax-related questions. A CPA can help ensure you handle potential capital gains or losses from your Crypto holdings correctly and avoid unnecessary withholdings.
Yes, you can buy a home using your Crypto earnings, but careful planning and proper guidance are crucial for a smooth transaction.
Buy a Home with Crypto
Can I Buy Property/Home in San Diego with Cryptocurrency Through VersPay?
Yes! With VersPay, you can convert your cryptocurrency to US Dollars and purchase any property listed in San Diego. Once I receive your pre-approval and you sign an Exclusive Buyer Broker Agreement, we can begin the search for your new home.
How Do You Convert Cryptocurrency to USD for Transactions?
VersPay provides a simple and secure conversion process, offering competitive exchange rates. The conversion reflects the real-time value of your cryptocurrency, ensuring transparency and fairness throughout the transaction.
Are There Additional Fees for Buying a Home with Cryptocurrency?
Typical fees include:
- Closing costs: Usually around 2-3% of the purchase price.
- Down payment: Starts at 3% of the purchase price but can be higher based on your preference.
- Agent concessions: These are negotiable and can either be stacked into the loan or paid directly.
How Long Does the Buying Process Take When Using Cryptocurrency?
The timeline depends on factors like the speed of the cryptocurrency conversion and the details of the real estate transaction. We aim to make the process as fast and efficient as possible. However, we recommend consulting your CPA beforehand to address any necessary withholdings or capital gains/losses from your cryptocurrency holdings.
Can I Consult with Mike Frey Before Deciding on a Property?
Absolutely! I bring significant value to your purchase—far more than the cost of concessions. To move forward, you’ll need to sign a Buyer Broker Agreement. This allows me to fully explain commission details and outline the value I add to your home-buying experience. Let’s work together to find your perfect property!
Mike Frey Realtor | Phone: 858-330-1242 / Email: [email protected] / V-card
Selling Crypto
Diversifying your assets to include real estate can be a smart move. Real estate offers tangible value, potential for steady income through rental properties, and long-term appreciation. It also acts as a hedge against inflation and reduces overall portfolio risk by adding a non-correlated asset class. Real estate investments can provide financial stability and growth, especially in thriving markets. Always evaluate your financial goals and consult a professional to ensure it aligns with your investment strategy.
Mike Frey Realtor | Phone: 858-330-1242 / Email: [email protected] / V-card
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