Purchasing a home can be expensive. You need a lot of money — or, if you’re in Texas, a lot of crypto.
As reported by The Dallas Morning News, ZillowMyEListing is a new startup based in Cedar Park, close to Austin. The platform allows individuals to list both commercial and residential properties for sale, with the option of using either cash or cryptocurrency for payment.
The company’s ASAP (Accelerated Sale and Purchase) program makes it possible for sellers to close a transaction in just one day. Coinbase Commerce facilitates the conversion of crypto to cash, while Millennial Title and Championship Title take care of the title work.
“We pre-clear the title, the seller pre-signs the sales contract, and we list the property as the seller desires,” the company stated in a press release. “All parties involved then sign off on the closure documents via an online Zoom call. Buyers have 30 minutes to send the full purchase price after clicking the ‘Buy Now’ button featured on the listing, after which the process is complete.”
MyEListing does not charge any listing fees, nor does it charge for communication with other agents or for access to exclusive market intelligence. The company’s aim is to “equip real estate professionals from every corner of the industry with as many free resources as possible.”
In North Texas, the site offers a number of homes, including a property of three quarters of an acre on Hughes Road in Grapevine. The property can be purchased for $499,999 in cash, or alternatively, $17.5 Bitcoin or 256 Ethereum.
Two additional commercial properties in the Dallas-Fort Worth area have been added to the platform. The first is an office building in Farmers Branch, priced at $4.3 million or 150 Bitcoin and 2208 Ethereum. The second property is a commercial tract of 40 acres situated at the junction of Interstate 20 and Interstate 45 in Dallas, costing 136 Bitcoin or 1997 Ethereum.