Why I Learned About Cryptocurrency

  • Michael LaFido
  • 04/14/22


Today I want to talk about a topic that’s becoming more relevant every day: cryptocurrency. The average agent probably doesn’t know too much about it, but I strive to go beyond average. 

 

First, you need to know that our area has been breaking record price numbers in the luxury market all over the place. Last year, records were broken in Wheaton and St. Charles, and it doesn’t look like this year will be any different. I tell you this because when I list a property, I require pre-approval letters for proof of funds. However, not all pre-approval letters are legitimate. I’ll cover this more in a future post, but if you have any questions about this now, please reach out. 

 

Recently, I attended a cryptocurrency and blockchain conference in Miami to understand the complexities of this new technology. As an agent, I need to know about this because it’s becoming increasingly likely that people might want to buy luxury property in Chicagoland using crypto. The average agent doesn’t know what questions to ask, so I need to be one step beyond.

It’s a little sad, but the average agent only invests $1,500 in bettering themselves every year. Iron sharpens iron, so I’m always looking for opportunities like this crypto conference to improve my skill set. For example, if you work with an average agent, they might see a screenshot of a digital wallet and assume your buyer is good for it. However, just like the faulty pre-approval letters, I know how to verify digital currency, so you can be confident that your buyer’s money is good. 

 

If you are interested in working with an agent who strives to go beyond average, please call or email me. I’d love to speak with you.

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Throughout his career, Michael learned the importance of high-caliber marketing versus “traditional marketing”, which has become pivotal to his success. Over the past twenty years, LaFido and his team have developed a method that takes a more comprehensive, and proactive approach when positioning and marketing a home.

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