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Connecticut's First Real Estate Firm Fueled By Cryptocurrency.
The Ray Martin Agency has opened its real estate portfolio to buyers utilizing cryptocurrencies for the purchase of its real estate assets. Real estate commercial property , homebuyers and investors can use Ethereum and multiple other digital currencies to purchase property in Connecticut. Real estate investors looking for maximum return on their properties, landlord investors and Institutional investors looking for large tracts of entitled land, developed lots or multifamily projects, all can utilize approved cryptocurrencies for their purchases.
Powered by Jake Martin Vice President of Crypto Development
CRYPTOCURRENCY
why Purchase Real Estate with
Digital Currency
Stable
Asset
Converting a fluctuating asset into a stable long-term asset. Real Estate values are subject to less price volatility.
Faster Processing
Cryptocurrency transfers avoid many of the hurdles and paperwork associated with a traditional mortgage-funded home sale that can slow down the process.
Low Transaction Fee
Cryptocurrency users are not subject to the litany of traditional banking fees associated with fiat currencies.
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Why would a buyer use cryptocurrency?Paying with cryptocurrency offers a unique set of advantages over other payment methods, including avoiding the hurdles and paperwork associated with a mortgage-funded sale, and removing costs associated with traditional banking fees.
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How does it work?This is not a wallet-to-wallet transaction. The process is like a standard cash real estate transaction. The buyer will work with The Ray Martin Agency’s real estate broker to write a purchase and sale agreement based on U.S. Dollars. Once the agreement has been mutually accepted, the contract will be sent to The Ray Martin Agency’s Escrow partner where the process for converting the digital currency funds into U.S. Dollars will begin. Once the transfer of funds is complete, Escrow confirms the recording, the funds are wired to the seller in U.S. Dollars, and the property and title are transferred to the buyer.
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Are there fees?There are fees associated with a cryptocurrency transaction. The fees and anticipated closing timeframe are specific to each transaction and based in part on the transaction size. Our escrow partner will provide detailed costs upon request.
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How quickly can I close?The anticipated closing time period is specific to each transaction. If the project is completed, a buyer can anticipate the following approximate timeframes: Less than $1 million transaction = 10 to 30 days More than $1 million transaction = 30 to 45 days
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What real estate can I purchase with cryptocurrency?The Ray Martin Agency has opened our entire real estate portfolio for homebuyers and investors to purchase any one of our assets in Connecticut with cryptocurrency. Our portfolio includes commercial property, single-family homes, condominiums, luxury homes, multi-family apartments, and large tracks of entitled land.