Jeff Pearl, Full Service Full Time Realtor (RE/MAX Distinctive / LIC in VA)

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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

IDGAF, I'm not taking Bitcoin for payment on my durable asset. I would prefer shells and beads, thank you.
Watch, the headline in two years will be "California home seller sues buyer of home as Bitcoin value plummets to zero."

Feb 12, 2018 07:36 AM
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
There's no place like home.

I don't see how this will impact MLS's at all.  They don't need to indicate the method of payment at all.... they don't currently say "payment must be made in valid US currency"

the CMA wouldn't change, either... the analysis would be in US Dollars, and it would be up to the buyer/seller to determine the value of the bitcoin, stock options, or balls of twine.

Feb 12, 2018 07:23 AM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast
Feb 12, 2018 07:14 AM
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I'm a lot less freaked about bitcoin than I used to be.  My husband invested in some. You cash it out in dollars to use it, just like a stock.

Feb 12, 2018 09:57 AM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      I want to pay with something more tangible, like fiat paper currency, or the tin coins cranked out by the U.S. Mint, or the electronic funds in my bank account.

Feb 12, 2018 09:12 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeff,

I am not surprised by anything Washington DC does.  

Feb 12, 2018 08:43 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Some people have no sense so they will accept bitcoin. Others not so fast. No effect on the MLS or CMA'S.

Feb 12, 2018 08:12 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

As long as the dollar is kept as the standard it will be fine.  Though I would have doubts about proof of funds when those funds are going up and down daily.

Feb 12, 2018 07:29 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Here in NC & SC, we are attorney states. State law will likely not allow bitcoin in exchange for real property.  It's not up to the MLSs, it's up to the attorneys who accept the fundingfor each transaction.

If they do allow the attorneys to determine if they want to, I don't see that coming for a very long time. 

Feb 12, 2018 11:37 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I don't even know enough about Bitcoin to have one single opinion on it. 

Feb 12, 2018 08:39 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I did know that real estate transactions, although few at this time, have been completed using Bitcoin.  

If the property is in the MLS I imagine it will be reported as a cash sale at the bitcoin value.  If the values are reported correctly completing a CMA should not be an issue. Bitcoin is a factor that will need to be taken into consideration. 

Feb 12, 2018 07:48 AM
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Erika Rae Albert, Austin Real Estate Expert
E*Rae Realty - Austin, TX
Exceeding Expectations in Every Transaction

Bitcoin purchases are starting to appear in my marketplace as well.  I need to learn more about this.

Feb 12, 2018 07:18 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Candice A. Donofrio said it ALL..... 

Feb 12, 2018 11:22 AM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I did not know Jeff Pearl 

Feb 12, 2018 10:56 AM
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

You just gave me a headache, Paul! Thanks... not sure I needed another one today!

Feb 12, 2018 10:09 AM
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Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Bitcoin...good for gambling if people so choose, but a highly unstable "currency". Complicates any transaction, I would just keep things simple and keep it a traditional USD sale.

Feb 12, 2018 07:58 AM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Well I don't know about anyone else I  am not using monopoly money for anything nor taking it.

Feb 12, 2018 03:23 PM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Some mook in Malibu is offering up his place for bitcoin as well.  I think mainly to get publicity since the state's contracts are only in USD and short of selling the bitcoin for real money, you can't use it to purhcase anything.

Feb 12, 2018 11:50 AM
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Maybe the MLS would need to integrate a currency converter that automatically computes the price according to the current rate.

Feb 12, 2018 10:41 AM
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John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

From what I have read in the past couple of weeks concerning Bitcoin, I do not see it as lasting in value. It has lost about half during that time.

If I were selling a home, I would not accept Bitcoin.

Feb 12, 2018 10:11 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

In my broker days, I obtained and surrendered real estate for values not bitcoin or dollar based. In one case, inventory was the currency.

The mechanisms are there. However, the caveat is 'whose CC exchange will be used?

I'll give you six goats, a ruby, and a rare and valuable hand woven carpet hand crafted in Turkey for that single seater condo. This is when the agents who have reached the pinnacle of real estate, the transaction architect will prove to be of great value.

Feb 12, 2018 08:44 AM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I am honestly wondering how long Bitcoins will last but I do see digital currency to be a thing of the future..

Feb 12, 2018 08:06 AM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Let is know when you complete your first bitcoin transaction.

Feb 12, 2018 07:49 AM
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Not sure how it would affect mls.  Our mls we record sales price.  How it is paid for is not a factor.

Feb 12, 2018 07:47 AM
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

This can be interesting. 

We are not that advanced, but i'm sure if buyer and seller agree to use digital coins, escrow and title will comply, it is just difficult to get the rate with all these drops in market. 

Feb 12, 2018 11:55 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jeff Pearl - the price is the price is the price in $$$$ - so how will it be different when someone pays with bitcoin? (Just trying to understand....)

Feb 12, 2018 08:39 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I know it is coming and the questions is how the escrow and title companies will handle it. It's not in my area yet.

Feb 12, 2018 08:29 PM
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Too intense !

Feb 12, 2018 06:47 PM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeff Pearl I wouldn't see an issue if Bitcoin currency was converted to U.S. dollars at the closing.

Feb 12, 2018 11:46 AM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

We'll see what happens when this house of cards falls apart.

Feb 12, 2018 11:13 AM
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Will take a pink of fresh blood for every of Bitcoin.....

Feb 12, 2018 09:33 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know.

Feb 13, 2018 05:34 AM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Alan May nailed this one!

Feb 13, 2018 04:04 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The future is uncertain.

Feb 12, 2018 04:29 PM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Feb 12, 2018 12:09 PM