Discussing the plan of making a deal of sell-purchase of real estate you must consider next steps.
Let us imagine that an investor has cryptocurrency that he wants to use to pay for real estate. Investor shall stick to the plan which is following:
Preliminary Steps:
Research and Information Gathering: The investor conducts thorough research on UAB Manimama Exchange, familiarizing themselves with the company’s services, reputation, and terms of engagement.
Contact the Exchange Service Provider: Initiate contact with UAB Manimama Exchange to inquire about the process and requirements for utilizing cryptocurrency for real estate transactions.
Account Setup and Verification:
Registration: Complete the necessary registration process on the UAB Manimama Exchange platform to become a client.
Verification: Undergo the full verification process by providing identification data to comply with regulatory standards.
Cryptocurrency Transfer:
Wallet Creation: Open a cryptocurrency wallet with UAB Manimama Exchange to facilitate the secure storage of the investor’s cryptocurrency.
Transfer Funds: Initiate the transfer of cryptocurrency to the designated wallet, ensuring compliance with the platform’s guidelines.
Documentation and Compliance:
Prepare Documentation: Collaborate with UAB Manimama Exchange to prepare all necessary documentation confirming the source of the cryptocurrency funds.
Compliance Check: Undergo a comprehensive compliance check to ensure adherence to legal and regulatory requirements.
Cryptocurrency to Euro Exchange:
Exchange Process: Execute the exchange of cryptocurrency for euros through the UAB Manimama Exchange platform.
Receive Funds: Confirm receipt of euros into the designated wallet opened by UAB Manimama Exchange.
European Bank Account Setup:
Consultation with the UAB Manimama Exchange: Seek assistance from UAB Manimama Exchange in opening a European bank account for the purpose of receiving funds after the cryptocurrency-to-euro conversion.
Account Setup: Follow the necessary steps to open a European bank account, facilitated by UAB Manimama Exchange.
Real Estate Transaction:
Engage with the Developer: Initiate communication with the seller of the property (currently we provide service to a Cyprus real estate complex Alexandra Court) to express the intent to purchase a property using cryptocurrency.
Coordinate Payment: Work collaboratively with UAB Manimama Exchange and seller of the property to facilitate the final payment under the real estate purchase and sale agreement using the euros in the European bank account.
Closing the Deal:
Legal Formalities: Ensure all legal formalities are completed, including the transfer of ownership and any additional documentation required for the real estate transaction.
Confirm Transaction Completion: Confirm the successful completion of the real estate transaction, with ownership officially transferred and all financial obligations met.
By following these outlined steps and collaborating closely with UAB Manimama Exchange, the investor can seamlessly leverage cryptocurrency for the purchase of real estate while navigating the necessary legal and compliance processes.