Truth be told, there are a variety of reasons why a house might stay on the market for an extended period of time. Any time a house remains unsold for 90 days or more, real estate agents consider the house to be “stale”. Once this happens, the selling price typically drops because potential buyers look at the listing and assume there is something wrong with the property, bypassing it all together. However, the property really could be a gem in disguise and you need to determine why the house isn’t selling.
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.