Selling your house can be a smart way to raise cash to buy more Bitcoin during crypto bear markets when BTC prices are attractive.
Stock and crypto investor Chris Johnson tweeted about selling 2 of his houses to buy more Bitcoin near $21,500.
If Bitcoin prices recover and soar much higher after the 2024 halving event then this could turn out to be an extremely profitable decision.
How Much Bitcoin Can You Buy if You Sell Your House?
According to Zillow, the average United States home value is $357,000 in 2023. Assuming you don’t have a mortgage on your home, you could generate around $300,000 in proceeds after paying broker fees and closing costs.
Bitcoin is trading around $22,000 so you could potentially buy around 13 BTC as a conservative estimate. This number will change based on your current home value and whether you have a mortgage on your home or not.
How to Sell Your House Quickly So You Can Buy More BTC
Bitcoin prices won’t remain depressed forever because I believe the crypto bull market starts in April 2023.
If you’re looking to sell your house quickly, there are several steps you can take to make your property more attractive to buyers and speed up the sale process. Some of these steps include:
- Price it right: Pricing your property correctly is one of the most important factors in selling it quickly. Research the local housing market to determine the average price of similar homes in your area, and price your property competitively.
- Prepare your home for sale: Clean, declutter, and make any necessary repairs to your home to make it more appealing to potential buyers. Consider hiring a professional home stager to help you make your home look its best.
- Use professional photography: High-quality photos are critical in attracting potential buyers to your property. Hire a professional photographer to take photos of your home to make it stand out.
- List it on multiple platforms: List your property on popular real estate websites, such as Zillow and Redfin, to get maximum exposure. You can also work with a real estate agent to help you list your property and find potential buyers.
- Be flexible with showings: Make it easy for potential buyers to see your home by being flexible with showings. Consider having open houses or scheduling private showings during convenient times for potential buyers.
- Consider alternative selling methods: If you’re in a hurry to sell, consider alternative methods such as selling to a real estate investment company or using an auction service.
By following these steps, you can increase the chances of selling your home quickly and for a fair price.
Buy Bitcoin on a Trusted Crypto Exchange
I recommended Coinbase as a safe and trusted place to buy Bitcoin once your house is sold. Coinbase is a publicly traded company on the NASDAQ and maintains a 1 to 1 deposit ratio so you can rest assured that your coins are safe on their platform.
Consider buying Bitcoin on Coinbase then transferring your BTC into an offline hardware wallet for further safety.