Selling it directly for crypto makes sense cuz I'll be able to save on commission as well as trading fees.. etc.
It might make sense for you but it narrows down a lot of potential buyers, not only do you have to find a buyer who wants to pay with crypto but you have to find one that has this amount now in crypto is willing to let go of it. Buying through a mortgage dealer would make more sense to anyone including somebody who has coins because if he is that heavily invested in crypto as he obviously expects the coin prices to go up.
My personal opinion is that waiting for a client that first your criteria is going to be a long wait and it seems like time is not something you're willing to spend around. You should reconsider those costs which I don't think are that high compared to the possibility of never finding a client.
What could be the reason those websites either close down or are a ghost town now? Because they have offers but no actual clients.
All the sales for crypto I've seen to date have been through a real estate brokerage agency or realtor so you might try this route.
Very good point! Thank you sir for the valuable feedback! Yes I thought about the traditional route and here's the problem -- most people in the market for this kind of properties (small-to-medium size hospitality properties) are usually small-business people with not a lot of cash in hand, and they would usually need to borrow directly from the sellers (seller financing). Personally I prefer an all-cash deal as I don't have the intention of lending any money.
When it comes to commercial real estate, mortgage is a totally different beast (I only learned it recently). Mortgage is difficult to be obtained especially for business with no proven track record. Well, I know the motel is in a good location with decent amount of traffic (Route 66). However, since the motel had been closed down for construction/renovation purpose for the past 3 years, I don't really have anything to show off. That's kinda why I decided to turn to the Crypto crowd who are probably awash in cash.
I hope that makes sense.