The LA Times recently covered a story on the real estate industry entering the age of bitcoin. In the story, Canter explains why the brokerage is now offering homes for sale for bitcoin if the client desires. Canter goes into the steps the brokerage is taking to manage potential risk for our clients if someone wishes to pay for their home in Bitcoin.
In San Diego, a company brokering the sale of two multimillion-dollar homes said recently that it would accept bitcoin as payment. The custom-built homes are listed for sale for $19.8 million, the equivalent of about 1,750 bitcoins. The sellers will also accept cash.
“We realized there is so much new wealth in the crypto space,” said Andrew Canter, chief executive of real estate brokerage and investment firm Canter Cos. “There are a lot of new buyers and a lot of people that have seen their wealth fluctuate over the last year.”