Samuel Strauch, the founder and principal of Metrik – a real estate firm, opened his mind about real estate industry, changing prospects of bitcoin, and the plans of his company. He says that the world is changing very quickly, and that boosts him into look into new areas of business. Strauch already confirmed that his company has laid out plans to work in the hospitality sector as well, considering the changing prospects of people, especially on investment type real estate choices. Additionally, he thinks that technology is shaping the industry in a larger way like any other industry. Samuel Strauch is highly positive about those changes and thinks that better strategy would yield from such changes. Learn more Samuel Strauch interviews on ceocfointerviews.com
He recently expressed his opinion that bitcoin is expected to sweep the real estate industry in the coming years. Miami real estate has already embraced bitcoin, and the professionals in the real estate of Miami already found the advantages of using bitcoin in larger transactions. While coming to real estate transactions through banks, most U.S. banks charge nearly $4,000 for a $100,000 deal, and when the deal amount goes up, transaction fee also shoots up. When it comes to bitcoin, the fee is very minimal, and many millions can be transacted with a processing fee less than $10. As a decentralized currency, bitcoin does not need any central servers for the transaction.
As a Miami realtor, Samuel Strauch sees greater opportunities with bitcoin in the industry with its ideal positioning. He says that people who plan to buy properties with bitcoin should go through regular title procedure. The buyer has to maintain an escrow account, and once the transaction is completed, the buyer transfers the rest of the payment in the form of bitcoin to the seller or title company. Samuel Strauch also says that realtors would use blockchain technology in future to reduce the closing process and real estate transaction time, drastically.
Samuel Strauch completed his education from Erasmus University, Hofstra University, and Harvard. He started his career in the banking industry and later switched into real estate as his family was involved in real estate business in South Florida. After working close to 15 years in the industry as a real estate agent, he established Metrik Real Estate with a focus on comprehensive real estate solutions to the buyers and sellers. Interestingly, Samuel Strauch currently holds real estate broker license in Latin America as well and expanded his business to South American countries. Read more:http://epodcastnetwork.com/the-state-of-flow-and-happiness-in-business/