"Why or why not?"
I am open as it would serve as proof of ownership almost better than a traditional deed, 'ledgered' for the world to note and beyond refute. I voted 7 though as the whole real estate thing has always seemed unneccesarily complicated to me, and the idea of us mortal creatures 'owning' land is sincerely daft, ha! - Why do we think that anything is truly ours, especially land. Owning land, another man-made construct. And yes, I agree that having it on the ledger makes it more 'legit'. 👍
Cut out all of the unnecessary middlemen, and deal directly with the. Buyer or Seller. - Reduced fees! No more 2-5% commissions! 🙌
Depends on the value. It's not a common way to make a trade, so there may be unexpected legal risks. - Having your ownership be placed on the blockchain actually makes much more sense than a piece of paper. 😀
would be quicker and more efficient than standard practices of using land registry in UK - Yup!
if assets like property are available for registration & freely transferable on blockchain i would registering on blockchain.. - They already are (:
As long as I have certified proof and documentation. Hard copies, et . - You wouldn't even need them.
I listed my mother’s villa in Bali for a BTC sale, much better proposition! - That is awesome!!! So cool. I'll be in Bali soon, hopefully I'll see it. 😂
don,t believe most buyers are ready to use cryto - All in due time.
As an ex Real Estate Broker l can only welcome a crypto-based 21st century solution to the over-complicated closing procedure for property purchase. Title companies should thereby see their workload cut in half.. oh happy days thanks to crypto !! - Woohoo! And this is just one industry. Can you imagine what's gonna happen to others?
only if it's not too complex. - It'll def be less tedious of a process.
more secure / transparent / cheap - Yes, yes, yes. 😀
I'll wait until all the kinks and loopholes are exposed before I consider doing it myself. I like the concept, I just need to feel confident in the execution. - There are already kinks in the traditional way of doing it, yet we still use it. Think about it. 🤔
One thing that got me into blockchain was use of features like this, a public permanent record of ownership. Value assigned to it. I also think it the part of the blockchain. - Hey me too! The potential is just limitless.
Not only open to it, but I would like to have my current assets placed on block chain. I keep hearing about cyber theft of real estate. - Yeah, I believe that will come too. All in due time.
Why not?😎 - Yeap, why not!
Everyone can become coowner in realestate for small amount of money, great stuff! - This too. It allows for partial ownership that is easily transferrable and tradable. Gonna open up this traditionally illiquid market. 🤑
it is so easy - ez pz. 😊