Jenna Hall is a content marketing coordinator at Redfin. Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional or financial advisor.
From increased competition to low mortgage rates, the real estate market has undergone substantial changes in the past decade. One of the most significant changes is the payment method homeowners are using to purchase new homes. A recent Redfin report[1] found that one in nine first-time homebuyers[2] saved for their down payment by selling cryptocurrency like bitcoin.
A few years ago, saving for a down payment or buying a home[3] with bitcoin would have been unthinkable, but today it’s possible. A growing number of private home sellers, real estate agents and mortgage companies are accepting bitcoin as an alternative form of payment. So how can you buy a house with bitcoin, and how can you determine if utilizing your holdings to purchase your dream home is a good option for you? Here are some things to consider.
From increased competition to low mortgage rates, the real estate market has undergone substantial changes in the past decade. One of the most significant changes is the payment method homeowners are using to purchase new homes. A recent Redfin report[4] found that one in nine first-time homebuyers[5] saved for their down payment by selling cryptocurrency like bitcoin.
A few years ago, saving for a down payment or buying a home[6] with bitcoin would have been unthinkable, but today it’s possible. A growing number of private home sellers, real estate agents and mortgage companies are accepting bitcoin as an alternative form of payment. So
