great, i like your videos presentation about real estate in nft, hoping for more,😊😊 i heard about LABS and i will help a lot in the field of real estate,keep it up
I think that is open for interpretation. Legal title is transferred within the smart contract, and can be coded directly into the NFT. An interesting plot twist is title owner re-files statutory deed into Common Law deed ie allodial title. Government approval need not apply.
If the NFT is sold, would it still go through escrow? If it didn't go through escrow, how would the new owner know any of the liens, easements, property lines, restrictions, and etc?
I was just thinking if you wanted to do upgrades on a property you could sell micro shares of the NFT associated with it to generate the funding and once the renovations are complete value will be added to the house and each micro share of NFT. Or am I totally off.
Yeah, you can add yield to an apartment by fractionalizing it (ERC20), then paying off staking rewards (dividends) to token holders when you rent it out through Airbnb. And the ownership of the place itself can be transferable as an NFT.
This is a part of NFT's and smart contracts that I've been curious about relating to real estate......I'd love to hear more on this subject
check out nft island homes on rarible
mint cyprus
So the future of peer to peer lending for property could be through tokenisation and get rid off mortgage all together !
great, i like your videos presentation about real estate in nft, hoping for more,😊😊 i heard about LABS and i will help a lot in the field of real estate,keep it up
How will you help
How taxes are going to work here if I sell the property to someone on the other side of the world? How GOV will recognise that?
But NFT doesn’t transfer legal title. That’s the risk. If you obscure that fact, then you are exploiting the unsuspecting.
I think that is open for interpretation. Legal title is transferred within the smart contract, and can be coded directly into the NFT. An interesting plot twist is title owner re-files statutory deed into Common Law deed ie allodial title. Government approval need not apply.
If the NFT is sold, would it still go through escrow? If it didn't go through escrow, how would the new owner know any of the liens, easements, property lines, restrictions, and etc?
My free price prediction for propy in the long term is 50 - 250 usd
I was just thinking if you wanted to do upgrades on a property you could sell micro shares of the NFT associated with it to generate the funding and once the renovations are complete value will be added to the house and each micro share of NFT.
Or am I totally off.
It all depends what the nft contains and how property is transferred in your loal.
As of right now, I am the winning bidder!!!
Thank you for the amazing video. What do you think of Etherland (Eland) token, they have the same concept of tokenization real estate.
someone know if we buy a building attached with a nft, we have to pay for it or is it included already
Yeah, you can add yield to an apartment by fractionalizing it (ERC20), then paying off staking rewards (dividends) to token holders when you rent it out through Airbnb. And the ownership of the place itself can be transferable as an NFT.
Yes
Brilliant! Sign me up!
*eyes*
What entity would be doing the decoration and staging of the Airbnb?
nft island homes on rarible sells nft property on an island in the Mediterranean, sea side
Hello, what if an individual in India buys a property in the United States ... any complications there?
Guys get your $PRO tokens
Is it possible to NFT a real farm ?
Yes
@@MrHumbleWill How?
etherland
$cyio
Kinda dumb idea to create the token on ethereum platform, the transaction fees is ridiculous high. why can't create a token on xrpl? much2 more cheap.
Check out Blocksquare.