One of the sectors where bitcoin has penetrated is the real estate market. Samuel Strauch , a real estate investor in Miami and the owner of Metrik Real Estate argues that the Miami real estate market is one of the markets in the world that have embraced the use of bitcoin. Home sellers and buyers are now ready to take up to bitcoins as a means of exchange. Some home sellers are putting up property worth millions of dollars up for grabs and ask for buyers who would like to pay using bitcoins to do so.
Bitcoins came into existence in 2009. They have been gaining value gradually and they are now worth a whopping $7000 apiece. This is quite a huge gain given that in 2011, the value of one bitcoin was equivalent to 1 dollar. There are many benefits that are associated with bitcoin that have made it an option for the investors in the real estate to embrace.
According to real estate agent Samuel Strauch, real estate transactions usually involve a lot of money. Miami real estate sector is very lucrative and some of the property here go for over a million dollars. To complete such transactions through the banks, one may end up being charged about $100000 just for transactions. To avoid these charges, this is where bitcoin come in. To transact through bitcoins is easy. It is just a matter of minutes. The transaction charges that are involved are insignificant. To transact a million dollars may only attract a charge of less than $10. So this is a cost effective measure that investors can exploit.
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Miami real estate market is one of the most attractive in the world.. There are many foreign investors who have bought property in Miami. The compostion of people from different backgrounds have made it possible for the market to embrace this new payment method of using digital currencies.
About Samuel Strauch
Samuel Strauch is the principal of a real estate company known as Metrik Real Estate. This is a company that he founded in 2002 after serving for some time in his family owned real estate company. Samuel Strauch is one of the best agencies in South Florida who can help you with matters of real estate sector in the area.
Samuel Strauch is a leading player in the real sector in South Florida and Latin America. He hopes to continue building on the legacy of the firm.
For more information about Samuel Starch, just click samuelstrauch.com.mx