JLS in the News

Bitcoin-like cryptocurrency used to buy home in Tukwila, likely a first for Seattle-area market

By Mike Rosenberg | Seattle Times

In what is believed to be a first for Seattle-area real estate, a young investor named Cary Kuo has used bitcoinlike cryptocurrency to buy a house in Tukwila. The three-bedroom rambler sold Friday for $415,000, and the buyer used a combination of bitcoin cash (a new type of bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house.

…Nelya Calev of John L. Scott represented Kuo.“(Kuo) said ‘cryptocurrency’ and it was just, whoosh, right over my head,” she said. “A lot of it was so foreign, I’d pop up awake at 2 in the morning and go, ‘Uh! What if this goes wrong?’  There was a lot of panic,” she said. “But really, it was not necessary.”

Read the full story here

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