Creiland Consultants Realty, a tech-driven company, acknowledges the tenacity of cryptocurrency as an asset and payment method due to its decentralization, high level of security, and resistance to government and financial institution control. The payment system is peer-to-peer wherein users can transact directly without relying on third party intermediaries such as banks. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain which uses bitcoin as its unit of account.

Being a newer asset class, it is currently experiencing price discovery. Violent price action cycles are unavoidable due to greed, FOMO (Fear of Missing Out factor) and subsequent corrections as the asset matures and the cap rate increases.

If you are looking to invest in real estate in general, one option that is starting to gain traction is bitcoin. There are a number of reasons why bitcoin may be an attractive investment for those looking to buy real estate. First and foremost, bitcoin can provide a hedge against inflation. By investing in bitcoin, you can earn stable returns as the value of the cryptocurrency goes up and down over time. Another reason why investing in real estate with bitcoin is attractive is due to its exposure and liquidity. Unlike other assets such as stocks, which are usually traded on a one-to-one basis, there are many more buyers and sellers when it comes to real estate. This means that there is greater liquidity and exposure to price movements in regard to real estate with bitcoin than other assets.

By investing in real estate using bitcoin, you are able to purchase property without having to deal with the traditional banking system. You can buy real estate using bitcoin anywhere in the world which means that you do not have to worry about exchange rates or other issues that may arise when buying or selling physical properties.

If you opt to pay in cryptocurrency, we will issue you an invoice equivalent to the agreed upon Canadian fiat so you can proceed with the payment using your chosen cryptocurrency. The funds will be then converted back to Canadian fiat at that locked market rate and wire transferred by our merchant provider to our trust account within the next business day. Upon receipt of the funds in our Trust account, we will then remit back Canadian fiat to either the Seller’s Lawyer or their real estate brokerage.

Kindly visit https://creiland.com/cryptocurrency/ to check the list of accepted cryptocurrencies.

Cryptocurrency markets are notoriously volatile in which its price can spike to dizzying highs and can also crash to terrifying lows just as quickly. When transacting using cryptocurrency, we provide the invoice amount equivalent to the Agreement of Purchase and Sale and you will be given a fifteen-minute market rate lock period to select your chosen cryptocurrency and remit payment.

Creiland Consultants Realty charges a small percentage as a hedge against this volatility, which varies slightly according to Bitcoin macro-economic conditions.

Purchasing real estate using cryptocurrency is the best strategy for protecting your resources, enabling an increase in quality of lifestyle and much-needed rest between the tense Bitcoin booms and busts cycles.

Should you require any assistance in your requirements, please do not hesitate to contact us.

A real estate deposit is a payment made upon offer acceptance which is traditionally held in the real estate trust account of the listing brokerage. It gives the Seller assurance that the Buyer has financial stake in the agreement and is acting in good faith. This is an essential step in the negotiation process since without a deposit cheque, the agreement is not firm and binding.

There is no fixed security deposit amount mandated by law. While deposits are technically negotiated between the Buyer and the Seller, it is generally expected to be around 5% of the sale price.

Similar to when buying a real estate using Bitcoin, we can also accept security deposit payments in Bitcoin upon offer acceptance. We will issue an invoice equivalent to the agreed upon Canadian fiat, then you can use your chosen cryptocurrency to initiate the payment. Until the closing date of the transaction, this amount is held in the real estate trust account of the listing brokerage.

The deal falls through when one of the conditions has not been met. Some of these conditions include but are not limited to property inspection, financing, zoning and by-laws, and title searches. If the conditions are not met and the transaction fails, the listing brokerage has to issue the deposit back to the Buyer once a mutual release form has been executed between the Buyer and Seller.

Refund for the security deposit can only be made in traditional fiat (Canadian Dollars). You may either utilize this amount to make an offer on another property or keep it in your bank account.

A down payment is a sum of money that a buyer pays to the seller in the early stages of purchasing a real estate. The down payment represents a portion of the total purchase price, and the buyer usually applies for a loan to finance the remainder. The minimum down payment for the properties under CAD 500,000 is 5%. The percentage can increase with the property price and reaches a minimum of 20% for properties worth more than CAD 1,000,000.

A CMHC Insurance premium, which must be contributed to the total mortgage amount, is needed for all mortgages with down payments under 20%. Using MortgageCalculator.ca, you may determine the minimum mortgage amount, CMHC insurance, closing costs, and monthly payments.

Similar to when buying a real estate using Bitcoin, we also accept down payment in Bitcoin. Creiland Consultants will issue an invoice equivalent to the agreed upon Canadian fiat, then you can use your chosen cryptocurrency to initiate the payment. Until the closing date of the transaction, this amount is held in the real estate trust account of the listing brokerage.

It is essential that the buyer is qualified by the lender if the buyer plans to use financing for the portion of the purchase price. Factors that are considered by the lender are the downpayment, Loan-to-Value (LTV) ratio, buyer’s credit score and income.

There are many kinds of lenders, such as A Lenders (Banks), who offer loans at the lowest rates but also have more stringent eligibility requirements. Then there are B Lenders, who offer financing at a somewhat higher interest rate but are prepared to take on clients with higher levels of risk. Lastly, there are private lenders who may just consider the loan-to-value ratio and have no limitations for income or credit scores. Compared to A or B Lenders, private mortgages are often financed at a higher rate.

In any event, we work with a sizable pool of lenders of various stripes and will identify the option that best suits your unique requirements. Most of the time, obtaining funding is not an issue.