How to use Crypto Cash (Coins) to buy a house in the UK
In 2017, Luxury magazine published an article titled “How to Use Crypto Cash to buy your first home in the US” which highlighted how using cryptocurrencies like Bitcoin can be used to buy homes in the country.
The article has since been widely shared on social media and was later updated with the news that crypto-currency is now available to buy houses in the United States.
Since the publication of the article, the price of crypto-currencies have skyrocketed.
However, with the introduction of a new law, this could change as crypto-coins are now legal in the state of California.
With the introduction and implementation of the new law on June 2nd, 2018, the purchase of crypto is now legal for Californians to buy any property, and even houses, in the nation’s capital.
It’s important to note that the new legislation is only applicable to properties purchased through the state’s online real estate platform, Zillow.
With Zillower, the legislation is now fully legal to buy property in the city of Washington, DC.
With the purchase, a user can also apply for a deed to the property and a deed can be processed within 90 days, meaning that the transaction will be completed within a week.
However if the buyer wants to buy the property through Zillows real estate portal, it would take approximately 30 days to process the transaction.
As part of the bill, the Real Estate Council of California (RECA) has also added a new provision to the state law, stating that if the property is purchased via Zillowing, the real estate company is required to verify that the buyer was born in California.
This verification process is performed by the California Department of Finance and Accounting (CalFAX), which is required by the law.
The new verification process will only take place if the transaction is made by a real estate agent who is certified by CalFAX, and if the realtor meets all of the criteria for obtaining a certificate of title from CalFAx.
With all of this, the bill will allow Californians with an existing home in California to buy their first home.
This means that the purchase price of the property will now be legal for all Californians.