The real estate market is constantly evolving, and this has especially been true over the past two decades as the internet and on-demand information have become essential in everyone’s lives. Sites like Zillow created a platform where the general public can access almost as much information as licensed real estate agents, thus providing them with more buying power than ever before. Now, there is a potentially even greater shake-up coming…the purchasing power of cryptocurrency.
Cryptocurrency (i.e. Bitcoin, Litecoin, and the like) is now making a play to become part of everyday real estate transactions. In 2017, the first home was sold in Texas (Austin) using Bitcoin instead of cash or traditional financing (the seller converted the cryptocurrency to USD upon closing). Now there is a new property on the market where the seller is not only offering to accept the non-traditional payment (and hold in his “crypto wallet”), but is actually offering an incentive to buyers for doing so. The owner is Richard Garriott, the video game pioneer and first private astronaut in space, and his wife, Laetitia, and their Lake Austin property is listed for $45MM.
With 2,700 feet of lake and Coldwater Creek frontage, a 300 seat outdoor Shakespearean theater, private marina, eight covered boat slips, a 1,000 square foot guest home, and haunted forest, this property has it all. Now they just need to find a cryptocurrency early adopter who has an account large enough to buy up this rare opportunity.
What do you think is the future of cryptocurrency in real estate? Would you offer a discount for buyers using cryptocurrecy?
Besides a few brief stints in Denver, Colorado, Kendal Cook has spent her life in the Lone Star State and loves it. Born in Houston, Kendal then attended The University of Texas in Austin, before finally landing home in Dallas. Working at the Dallas Business Journal and then moving on to work for home builders, helped hone her love for real estate.
“It’s not a job to me, it’s a career and a passion that I love. Helping people find the right home and seeing them so happy, starting the next phase of their life is what brings me happiness!”
Kendal has been in East Dallas for over 12 years now and lives in Lakewood with her 8 year old son who attends a local private school. She is very active in her son’s school and activities.
“Being a mom is the most important thing in my life. Working with a smaller, family focused company like Rogers Healy and Associates, allows me to combine my two loves. Being a full time mom and a full time realtor while helping people change their lives! It is a true joy to wake up everyday and know that I get to help people and still have time for my son’s soccer games.”
Whether you are looking to buy sell or lease in the Dallas/Ft Worth area, Kendal Cook is excited to work for you!