Which allows users to instantly buy or sell property ownership as well as acquire or sell the right to live in a property – all executed and secured using blockchain technology.
Each HouseBit property, such as a house, condominium, or apartment building, consists of 1,000 tradeable digital Ownership Tokens and one tradeable Occupancy NFT (Non Fungible Token).
Each Occupancy NFT entitles you to live in a specific property.
The NFT specifies your financial obligations or any other obligations related to owning the NFT. As long as you meet the obligations, you can live in the property.
The purchase or sale price of any given token is based solely on market forces and permissionless. Initially, all tokens are available for purchase or sale through the Uniswap decentralized exchanges (DEX). Over time, more options will become available.
HouseBit transactions do not require lawyers, transfer agents, or banks – everything is done in advance by HouseBit including all inspections.
You just need to choose the property you want to own, or live in, and click to purchase the tokens using our App (decentralized app).
You can buy as many or as few tokens as you wish based on the supply of tokens for a property – there is no minimum and no maximum. And you can buy tokens from any number of properties, giving you proportional ownership in those properties.
HouseBit provides an interface with Uniswap, a decentralized token exchange, where you will be able to buy, sell or trade some or all of your tokens.
*In the future HouseBit will offer other payments options such as ACH, Credit Card, Paypal, and others.
Property transactions are secured on the Ethereum blockchain – a decentralized and distributed ledger
Property deeds are held by a Trustee and that Trustee is bound by the terms of a Land Trust which specifies the duties and obligations of the Trustee. The Land Trust is published in the Ethereum blockchain
All tokens are held in your personal wallet. No party, including HouseBit, has access to your wallet.
HouseBit has rigorous systems in place to ensure the integrity of HouseBit properties.
In each state, HouseBit partners with state-licensed real estate professionals and consults with local real estate attorneys to ensure that it complies fully with all state real estate laws.
HouseBit inspects all properties before listing and repairs as needed to ensure that they are up to HouseBit standards. This means no surprises for investors, owners and anyone living in a HouseBit property. And with HouseBit Total Property CareTM, properties are re-inspected on a regular basis. Everything from major components such as HVAC right down to tile grout and caulking is checked and fixed if needed.
If home ownership and home equity are your goals, HouseBit puts you in complete control. You can start by buying the occupancy token and a few ownership tokens for the home you want to live in. As long as you maintain the obligations as stated on the occupancy token smart contract, it is your home to live in. Certain exceptions may apply such as the sale of the property.
Based on your own personal financial situation, you can buy more ownership tokens at their current market value over time and at your pace, providing increased ownership of the property. If you need cash, you can sell tokens. And because HouseBit properties are always mortgage-free, there is no risk of a lender foreclosure.
Thank-you for your interest in this property’s ownership token. Ownership tokens for this HouseBit Candidate Property are not currently available as it has not yet been tokenized. Please let us know how many tokens you are interested in and one of our HouseBit specialists will get back to you as soon as possible with more information.
Thank-you for your interest in this property’s occupancy token. The Occupancy tokens for this HouseBit Candidate Property is not currently available and the property has not yet been tokenized. Please provide us with your contact information and one of our HouseBit specialists will get back to you as soon as the token becomes available. They can also advise you about other Occupancy tokens that are available that may be of interest.
Candidate listings are property that meet HouseBit tokenisation criteria
If an occupancy NFT buyer and/or enough ownership token buyers are interested in the property and it’s still available, HouseBit will make an offer and if accepted will close and tokenise the property.
All figures are estimated and may fluctuate or change if and when a tokenisation occurs.