The owner of an oceanfront home on Hilton Head Island says he is willing to sell the four-bedroom, four-bath house listed at $2.69 million in exchange for Bitcoin.
The owner’s agent, Bill True of Lancaster Real Estate, said the owner hopes to attract overseas buyers with the transaction because the digital currency lowers transaction costs.
“It is the first home to be marketed with Bitcoin on the island that I am aware of,” said True, who said his client would take a portion in Bitcoin and the balance “in trade for timberland, commercial real estate or owner financing.”
Bitcoins can be traded using software and is purchased using hard currencies, but is not government-regulated and is highly volatile. It can eliminate the need for a lot of paperwork, allowing a deal to close quickly.