Tony Smith, left, and John Koch celebrate Monday night after finalizing their purchase of Lucca Grill. The two longtime managers purchased the venerable downtown Bloomington business from their former boss, Chuck Williams. (📷: Karen Hansen, @thepantagraph) #photojournalism#BloNo#downtown#purchase#celebrate#localbusiness
Big news out of Austin, Texas! Kuper Sotheby's International Austin has become the first brokerage to complete a real estate transaction purchased entirely with Bitcoin!
The buyer purchased the new custom home from the seller/builder at full price( assuming all paperwork, inspections, disclosures were signed off on) transferring the funds, in Bitcoin, to the seller who then converted the Bitcoin to USD. Sotheby's represented the buyer in the transaction facilitating the sale from start to finish.
Its still unclear whether escrow or a third party was involved to facilitate the transfer of funds but the Sothebys agent stated that in her 33 years in the business shes never seen a transaction go so smooth. "In a matter of 10 minutes, the Bitcoin was changed to US Dollars and the deal was done!" The home is located 10 min from Downtown Austin and came equipped with a chefs kitchen, enterainers back yard, landscaping and more. Purchase price is still undisclosed.