Month: July 2020

How much does it cost for a home inspection when buying a home?

You may be surprised to know that home inspection costs can vary widely from state-to-state. What it costs for a house in New York, NY to be inspected most likely will be different than a home in Portland, OR. Quite often, the cost can also vary from inspector to inspector. With a better understanding of why you need a home inspection, who should be conducting the inspection, and what a good home inspector looks for during an inspection, you’ll be in a better position to know what to expect when you need a home inspection of your own. 

Why

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Atlassian co-founder Scott Farquhar reveals plans for $37m mansion on site of $71m Elaine

An artist’s impression of the new ‘Elaine’, to be the Point Piper home of Atlassian co-founder Scott Farquhar and his wife, Kim Jackson.


The billionaire co-founder of software giant Atlassian, Scott Farquhar, has revealed radical plans to replace the fusty old Fairfax mansion he bought for $71m in 2017 with a new $37m designer residence.

The new three-storey Point Piper home, which will have a rooftop tennis court, 20-metre lap pool and a basement gym, is to be designed by the Sydney-born architect Carl Pickering with his partner Claudio Lazzarini, of Rome-based Lazzarini Pickering Arhitetti.

The plans, lodged with Woollahra

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More Homebuyers Are Waiving Contingencies to Win Bidding Wars

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates.

In June, 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2% during the same month in 2019. Winning offers waived the appraisal contingency at a similar rate—20.6%—up from 17.4% in June of the prior year and representing the largest share since at least 2018, when Redfin began tracking this data.

Waiving these contingencies is a common strategy homebuyers use to make their offers more competitive by assuring the seller that the

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Bellevue Hill house Oculus comes with $2m discount

No. 73A Victoria Rd, Bellevue Hill, goes to auction on August 22.


What a joy it would be to own this Bellevue Hill masterpiece — a house like no other. Its name, ‘Oculus’ — which means “a round or eye-like opening or design” — is a hint of what’s in store.

But apart from the circular design and the partly domed room that fills the interiors with natural light, it was the bespoke finishes that really bowled me over.

The six-bedroom, five-bathroom home with six-car garage at 73A Victoria Rd is now up for August 22 auction via the Sotheby’s

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Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers

Homeownership rates surged to 67.9% in the second quarter, the highest rate since 2008. The 3.8 percentage point increase from 64.1% a year earlier is the largest annual increase in homeownership rates on record. A word of caution about the data: The Census changed its methodology this quarter, eliminating all in person interviews due to the pandemic, which may have distorted the data and contributed to such a large jump in homeownership rates. That said, there are a number of intertwined pandemic-related trends that have likely led to the strong growth in homeownership:

Younger households and first-time buyers drove the

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