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?
Steve Rigely was born and raised in San Antonio, Texas. He moved to Dallas in 1998 to attend Texas Christian University. He graduated from TCU with a BA in History and a minor in Business.
Steve’s passion for helping people and his business savvy helped guide him to residential real estate in 2003.
“Real estate just felt right. After connecting all the dots, I knew that my career was in residential real estate. I loved the idea that I don’t have any limitations and every day is different than the last.”
Since starting his career, Steve has worked to build lasting relationships with his clients and prides himself in being resourceful in today’s evolving economy. Steve strives to treat each of his clients with the same consideration and revere.
Being able to see Dallas transform has been quite the experience for Steve. Being one of Victory Park’s first residents has given Steve a great platform when it comes time to try to win a potential client’s business.
“I’ve been fortunate to have lived in some of Dallas’ most unique neighborhoods. Uptown and Victory Park have been my home for quite a while now and I am still in amazement at the amount of growth and business opportunity that has been created in just a few short years. I have loved being in the heart of the action.”
Steve took his career to the next level when he joined Rogers Healy and Associates in 2009. Whether you are buying, selling, investing, or just need advice, Steve looks forward to working for you.