Learn To Sell and Buy Real Estate With Cryptocurrency
Learn To Sell and Buy Real Estate With Cryptocurrency
Learn To Sell and Buy Real Estate With Cryptocurrency
Shamu-El - Crypto-Reality
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Table of Contents
Learn to sell and buy real estate with
cryptocurrency 2
Introduction 5
Real Estate & the Block Chain 6
Selling Real Estate for Cryptocurrency 11
Buying Real Estate with Cryptocurrency 14
Scalability 18
PREFACE
Its wonderful when noble women and men can gather in unity for all! This short manual script
was created to set a clear and concise understanding of how to buy and sell real estate with cryp-
tocurrency. The author is offering to all who purchase this book the opportunity to participate in
the new industrial revolution that will reform, disrupt, and create progression for all industries.
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Introduction
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Are you ready for the future of real estate? Real estate on the
blockchain is a game changer for everyone involved in the in-
dustry and financial sectors and now real estate. The new Block-
chain Deeds will digitize the financial assets. To transfer the as-
set you transfer the colored coin as a colorable title and payment
on the Bitcoin network.
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Bank guarantees are amended often and can be forged. They can
take anywhere from a day to more than a week to be issued. Ex-
perts say there is no way of accurately measuring how many bil-
lions of bank guarantees are out there. Public blockchains are a
distributed database where anyone can record information, with-
out it being censored, and without needing permission. Equally,
anyone can access that information. When people say The
blockchain, 85% of the time theyre referring to Bitcoin, 10%
of the time to Etheruem and 5% to other projects. The Noone
Project is a global project for world government reformation.
Which in itself is umbrella of projects and with no one leader of
the project as a DAO (Decentralized Autonomous Organiza-
tion)? Nomni on top of Bitcoin, Etheruem, and others can disin-
ter-mediate many of unnecessary parties in the real estate trans-
action. That means cutting out the middleman. Currently, these
middlemen exist because they hold information that you cant
access or have skills and a license (privileges) you dont have
that are needed to operate in the existing property transaction
ecosystem. Prior to the internet, the government and title com-
panies were necessary to verify and record property data. The
Blockchain will enable every property, everywhere, to have a
corresponding digital address that contains occupancy, finance,
legal, building performance, and physical attributes that conveys
perpetually and maintains all historical transactions and records.
Currently, the title to a property is a piece of paper. Time and
money wasted. Instead of a just a paper title alone, Nomni,
Bitcoin or Etheruem can create a digital title. This is a crypto-
graphically secure token that can be transferred as effortlessly,
quickly, and cheaply as an email.
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1) The first step property owner or agent can do she do is list his
or her property MLS base website, that list properties.
2) The Property listing website like Zillow, HAR, Craigslist etc.
3) The MLS base site in this transaction will be Blockchain base
listing site or escrow site. Similar to BitPrimier.com, bitcoin-
realestate.com, and Tokenmarket.com. Where you are allow
to create a catalog and sell your properties for estimated mar-
ket value, or appraisal value.
4) Property Listing we refer is the most simplest which is To-
kenmarket.com which allows you to create a portfolio catalog
of listing. They can be set to private listing as well. Also set
up online crypto-auctions, affiliate networks, etc.
5) Visit CounterWallet.io, indiewalle.io, freewallet.io and gen-
erate a free multiwallet that holds Nomni, bitcoins, Sover-
eignCoins, and any other assets built on Bitcoin, Etheruem, or
other Counterparty like protocols.
6) Using Token pass you can also install the Chrome web ex-
tension wallet Tokenly Pockets for quick management of all
your Counterparty assets. Tokenly allows you to loan out your
Counterparty assets. This also allows you to create promisso-
ry notes or similar mortgage contracts.
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7) The seller can set the earnest fund right from the catalog re-
quiring the buyer show proof of funds and giving the earnest
deposit.
8) The title search can still be done by a title company, who ac-
tually completes the transactions in escrow between the two
parties.
9) This speeds up the opening of escrow & the closing of escrow.
This can also be shortening to a less than 24 hour process if the
recording of the Title history into the public records is done on
the blockchain.
10) The Seller is also able to capitalize further off the increased
value of the token or asset he is now holding.
For those of you needing a good title company there are plenty
startups becoming more interested in the cryptocurrency fintech
explosion. You can choose from; Nu Omni Title, Bitland, World
Wide Land Transfer, and or Ubiquity. Each fintech company of-
fers either e-recording services or e-title services or essentially
creates your own. There are plenty of networks to join con-
nectedinvestor.com or meetup groups in your local area. Reach
out to the local real estate investment group in your immediate
area. There you can network and build a network of crypto-
currency investors for real estate. Reach out to your local re-
corder office and check what the requirements are for your local
area. Create political committees that advocate the use of cryp-
tocurrencies. The more involved, the easier the adaption to the
new form of money will be for those in the real estate industry.
Join the IBREA The International Blockchain Real Estate As-
sociation. The IBREA offers plenty of information on how to
begin your journey in real estate using the blockchain technolo-
gy. There is also the Noocratic Crypto-Estate Network.
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The escrow process can continue and the beginning of the finan-
cial processing of the payments for the property. The first step in
the financial process, the escrow agent, broker, or lawyer will
take is making the purchase on the blockchain from the listing
site that will be held in a shopping cart until its time for the
purchasing process to commence. The agent makes the purchase
with the colorable token on the market. Once the purchase is
complete, the information from the blockchain that is generated
from the purchase will be then incorporated into the physical,
tangible, incorruptible, crypto-commercial paper, with the QR
code from the transaction to be placed on the electronically rec-
orded public land registry. The readable QR code on the crypto-
deed, will pull up the block explorer for the cryptocurrency that
the transactions was pegged to. By utilizing the Bitcoin Block-
chain there will be many block explorers that the information for
the transaction can be verified on throughout the whole block-
chain network. An escrow is a deposit of funds, a deed or other
instrument by one party for the delivery to another party upon
completion of a specific condition or event. This includes the
buyer providing funds for a down payment, and the seller depos-
iting the deed and any other necessary papers. The Purchase
Agreement should state when the seller is to move out and the
buyer is to take possession of the property. In all jurisdictions
there are laws designed to provide clear disclosure of closing or
settlement costs and to reduce the amounts buyers are required
to deposit in mortgage escrow accounts. In the home-buying
process, escrow is a financial tool that allows you to set aside
important items such as the buyer's earnest money check and
purchase agreement document in an impartial holding area,
where it will stay until all of the details are worked out between
a buyer and a seller.
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The time it takes to close a mortgage loan varies with the type of
mortgage, buyer or homeowner situations, and lender processing
efficiency. Cryptocurrency allow for a more efficient good rule
of thumb, a typical mortgage loan without the blockchain will
take around four to six weeks to close from application date. The
Bitcoin Blockchain shortens these times to less than a week or
two at a time. The loans process can be completed varied on the
blockchain. So, while a "typical" escrow is 30 days, they can go
from one week to many weeks. The length of an escrow can
vary widely depending upon the terms agreed upon by the par-
ties. Blockchain help by making the transaction more peer to
peer there making settlement and closing quicker and efficient
due to the prevention of fraud. The layer of security that the
blockchains provides is disruptive to today real estate networks
who can adapt to the new coming financial structure of the
blockchains and its technological advancement of the financial
industry, government, educations, etc.
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Scalability
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Author Summary
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