A homeowner in South Carolina will be accepting bitcoin in full or in part for his newly-listed beachfront property in Hilton Head.
The four bedroom, four bath property is right by the water at the North Forest Beach, and is listed for a hefty $2.69 million.
The homeowner instructed his real estate agent, Bill True, at Lancaster Real Estate Sales to accept the digital currency as a matter of convenience for potential buyers.
Specifically, the homeowner is hoping to attract overseas buyers with the offering, which is really where bitcoin’s use in real estate comes in handy. Instead of dealing with confusing and expensive currency conversions, a new buyer can arrange payment in a single currency and have the funds sent in a matter of minutes.
“It is the first home to be marketed with Bitcoin on the Island that I am aware of,” said Bill True, “but what is really unique is the seller is willing to take a portion of the purchase in Bitcoin and the balance in trade for timberland, commercial real estate, or owner financing.”
Of course, this isn’t the first real estate listing we’ve seen made in bitcoin.
In late December of 2013, a business tycoon in the Las Vegas area listed his home for nearly $8 million in the digital currency.
Most recently, an early adopter of bitcoin spent about 800 bitcoins purchasing a villa in Bali.
If you’d like more information on the home, follow this link.
