Would you be willing to sell your Irvine property to a buyer who is offering virtual currency? In recent news, there has been an influx of people who are putting their homes up for sale in Bitcoins. It may be actually worthwhile to consider the upsides, because doing so opens up your property to a vast new market (not to mention potentially garnering the attention of your local media and scads more traditional buyers who are in their audience).
You may have read last December's reports about the man who tried to sell his ranch-style home in New York for $799,000 worth of bitcoins. Another seller, a 22-year-old Canadian man, put up his advertisement in March. He had the distinction of being the first one in his town to advertise a home in exchange for the popular digital currency. Now in case you've been putting off trying to figure out what Bitcoin actually is, perhaps I can save you some trouble.
It's an open source and decentralized peer-to-peer payment system that allows its users to buy and sell in virtual cash.
You may have read last December's reports about the man who tried to sell his ranch-style home in New York for $799,000 worth of bitcoins. Another seller, a 22-year-old Canadian man, put up his advertisement in March. He had the distinction of being the first one in his town to advertise a home in exchange for the popular digital currency. Now in case you've been putting off trying to figure out what Bitcoin actually is, perhaps I can save you some trouble.
It's an open source and decentralized peer-to-peer payment system that allows its users to buy and sell in virtual cash.
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Buying a Home is usually the biggest purchase any American will ever buy.
For that reason alone, it is a very good idea to being thoughtful, plan and prepare.
1. Obtain a pre-qualification, or better yet, pre-approval for a purchase loan: There are two reasons why pre-qualification is important.
One, you want to have a good idea what payments will be for a certain priced home to see if you are comfortable with the expense.
Two, you need to know what maximum price of home the mortgage banks will allow given your income, expenses, down payment and credit score.
For that reason alone, it is a very good idea to being thoughtful, plan and prepare.
1. Obtain a pre-qualification, or better yet, pre-approval for a purchase loan: There are two reasons why pre-qualification is important.
One, you want to have a good idea what payments will be for a certain priced home to see if you are comfortable with the expense.
Two, you need to know what maximum price of home the mortgage banks will allow given your income, expenses, down payment and credit score.
Not all resale repairs will pay off.
You don't want to spend a lot of money making improvements but you do want to repair obvious maintenance issues, if any have been neglected.
Get a loan preapproval letter, so you know how much of a mortgage you will qualify to obtain.
You don't need to apply for the maximum mortgage, and a lower mortgage payment might make you more comfortable in the long run.
John Doan is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
You don't want to spend a lot of money making improvements but you do want to repair obvious maintenance issues, if any have been neglected.
Get a loan preapproval letter, so you know how much of a mortgage you will qualify to obtain.
You don't need to apply for the maximum mortgage, and a lower mortgage payment might make you more comfortable in the long run.
John Doan is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
This service provides the best online database of Orange County and greater LA Basin list of Homes for sale on the MLS.
Displays feature: Complete Property Details, Multiple Photos, Mapping software, Neighborhood and School Reports, Satellite Photos, and more.
This database is updated throughout the day.
About 97% of all homes sold in southern California are listed in the MLS.
Also, the MLS contains foreclosures, Bank owned homes and other distressed properties.
Many For Sale By Owners (FSBO) also list their homes in the MLS.
Displays feature: Complete Property Details, Multiple Photos, Mapping software, Neighborhood and School Reports, Satellite Photos, and more.
This database is updated throughout the day.
About 97% of all homes sold in southern California are listed in the MLS.
Also, the MLS contains foreclosures, Bank owned homes and other distressed properties.
Many For Sale By Owners (FSBO) also list their homes in the MLS.
When you get pre-approved through Miracle Mortgage, you're officially on your way to your new home!.
Our partner, In-House Realty, prescreens agents nationwide to bring you the trusted, reliable service you deserve.
They'll match you with an In-House Realty-approved agent in your area who will get you all the listings that fit your needs.
Once you've found your dream home, you'll sign your purchase agreement contingent upon closing your mortgage.
With your Miracle Mortgage pre-approval, you already have a head start on the simple Miracle Mortgage process!
Our partner, In-House Realty, prescreens agents nationwide to bring you the trusted, reliable service you deserve.
They'll match you with an In-House Realty-approved agent in your area who will get you all the listings that fit your needs.
Once you've found your dream home, you'll sign your purchase agreement contingent upon closing your mortgage.
With your Miracle Mortgage pre-approval, you already have a head start on the simple Miracle Mortgage process!
Located in the world-famous Orange County along the southern coast of the state, Aliso Viejo, California, is home to a population of more than 40,000, as of 2007 estimates.
Residents in the city average a median household income of $92,280, making it a wealthy area.
The city was officially incorporated in 2001.
It lies just down the road from Laguna Beach, where residents can enjoy the sand and the sun, and is about 60 miles south of the Hollywood/Los Angeles area.
The landscape of the city is quite varied, with views ranging from mountains and streams to cityscapes and parks.
Residents in the city average a median household income of $92,280, making it a wealthy area.
The city was officially incorporated in 2001.
It lies just down the road from Laguna Beach, where residents can enjoy the sand and the sun, and is about 60 miles south of the Hollywood/Los Angeles area.
The landscape of the city is quite varied, with views ranging from mountains and streams to cityscapes and parks.
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