You find yourself in a situation where you are leaving your home. Perhaps you received a promotion at work and need to relocate, or your family has outgrown the house and you’re looking to upgrade, giving yourself and your family more space. Or maybe your children have left and it’s time to downsize. Whatever your circumstances are, you find yourself faced with making the decision to either sell your home or keep it as a rental.
You’re looking at real estate listings and you see one that says, Bitcoin Transactions Accepted. While this transaction is still far from being the “norm”, it is popping up more and more frequently. The younger generation and tech savvy population are adopting cryptocurrency as their main choice for making purchases. But there are still many buyers out there that would have absolutely no idea what that even means. Others might understand what it means, but do not have the trust in this type of financial transaction to consider this option.
As consumers are depending on technology more and more, the demand for electronic processing of transactions is increasing. The house buying process is no exception.
There are benefits to both scenarios. Understanding the factors that are involved in each will guide you to make the right decision for your particular situation. Finances, the real estate market, and even personalities are factors in which to consider when trying to determine if you should buy or sell first. Both scenarios have pros and cons worth considering which we’ll look at below.