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Million Dollar Report

New California Real Estate Laws for 2019

Our legislators passed a raft of laws affecting the real estate industry last year. The following is a summary of the most significant changes affecting you. For the full text of a California law visit http://leginfo.ca.gov/ – or – http://www.gpo.gov/fdsys/ for federal laws. A legislative bi...
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The Proper Placement of Smoke Alarms

Wondering what the proper placement of smoke alarms is? Installing your smoke alarms correctly - and making sure they are in working order - is an important step in making your home and family safer from fire. Read on... Courtesy: Mike Ojeda - Equity Title Company...
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Recognized As Top 10 in Southern California for Sotheby’s International Realty

Sotheby's International Realty has announced Michael B. Bell as being in the Top 10 in Sales for Southern California offices. The ad below was run in the Saturday Edition of Los Angeles Times on January 19, 2019. ...
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Fraud Alert: Outwitting Phone Scammers

By Barbara Pronin It’s a sorry day when we can’t even count on our phones to tell the truth. But new applications like SpoofCard, which gives criminals a way to change what someone sees on their caller ID display, present the newest nightmare for the title and, by extension, real estate i...
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Seller Success Story: Modern Contemporary in Pasadena

We successfully represented the Seller on this modern contemporary residence in Pasadena and received a full price, cash offer and sold it in 4 days. The home was previously listed with a different agent for 123 days. We took over the listing and repositioned it with our innovative market...
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Another Happy Seller: Sierra Madre Traditional Residence

We successfully represented the Seller on this traditional Sierra Madre residence and received a full price, cash offer in just 8 days and closed the sale in 13 days upon offer acceptance. Full Price Cash Offer | Represented Seller | Listed at $1,098,000 As a local real estate br...
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Seller Success Story: Pasadena Classic California Craftsman

After being on the market with a previous agent for 90 days with no activity, we successfully represented the Seller in repositioning the property and received multiple offers in only 6 days. Multiple Offers | Sold Over Asking Price | Represented Seller | Listed at $1,900,000 As a...
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Wierfield Drive – Pasadena, CA Land Development Opportunity

This land development purchase opportunity awaits you with over 7 acres of view land with 10 vacant lots in the San Rafael Hills of Pasadena, CA and stunning views of the valley all the way to Downtown Los Angeles. Nestled in the hills above Annandale Golf Club and halfway up Glen Oaks canyon...
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A Happy Homebuyer: San Marino Colonial Residence

Modern sophistication and thoughtful design describe this highly upgraded residence in desirable San Marino. This home garnered multiple offers and we were able to represent the buyer successfully. Multiple Offers | Represented Buyer | Offered at $2,880,000 As a local real estate broke...
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Introducing: 238 Barranca Road in Bradbury Estates

We are pleased to present this 5-acre, gated compound in guard-gated Bradbury Estates. Nestled in the exclusive, guard-gated Bradbury Estates, this is a rare opportunity to own an expansive, gated compound on over 5 acres of horse property that includes an approx. 4,899 sq.ft. Craftsman reviv...
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Resale ROI

Wondering what the greatest and least return on investment in 2017 was? Typically, the 29 projects on this year's report paid back an average of 64.3 cents on the dollar in resale value. View the infographic below for the top 5 projects with the greatest ROI and the top 5 projects with the lowest...
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Housing Challenges for an Aging Population

The U.S. is at the beginning of a 20-plus-year surge in the older population, and is thus at a critical point for putting in place the affordable housing options, accessibility features, and in-home care services that will be needed over the next two decades. As the infographic below shows, there...
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You’re Saying It All Wrong: Real Estate Words

There are widespread words in real estate that are mispronounced, misspelled, and misused. Linguists say that the more expensive the house, the more likely the potential for gaffes because pricey homes often come with elaborate descriptions. Here are a few words that are frequently used in real e...
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Another Seller Success Story: New Construction in Pasadena

We successfully represented the Seller on this exceptional penthouse single-level condominium. It was previously listed by the builder when presales started in 2016. In late 2017, I took over the sale of the last unsold penthouse condominium. I repositioned the home using our innov...
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Sotheby’s Ultimate Holiday Gift Guide

The season of giving is here, and Sotheby’s has curated the perfect holiday gift list to inspire you. Whether it’s an ultra-rare first-edition book, memorabilia from your favorite band or a dazzling winter-themed jewel, our selection of objects from upcoming auctions around the world offers ...
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Millennials On Homebuying: 2025 Forecast

The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind. Home ownership rates have fallen across all age groups since the housing collapse in 2009, but the biggest drop has been among the millennial generation. The home ownership rate will continue to fal...
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Freshen Up Your Home: Updates That Will Give You The Most Bang For Your Buck

Whether you're planning to remain in the home for a while or looking to freshen up the place to put it on the market, here are some updates that experts today say will give you the most bang for your buck: ...
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Featured Listing: 1835 East Loma Alta Drive, Altadena, CA 91001

Welcome home to this custom Altadena view home on a secluded hillside bluff. This expansive residence combines comfortable luxury living with stunning views with a path to an elevated skyview perch. With 5 bedrooms and 3.5 baths, this residence commands a warm and inviting interior with exquisite up...
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STAIRWAY TO HEAVEN: The Art of Living Small and Entertaining Big

With tiny living sweeping the nation, many people are finding that they do not need a lot of the space that is built into modern homes. Adherents to the movement universally report a sense of peace in down-sizing. One problem, however, is that tiny can mean solitary. What most tiny homes lack is...
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Art&Home: Summer 2016 Edition of Sotheby’s International Realty Luxury Magazine

Enjoy exclusive content from the Summer 2016 edition of Sotheby's luxury magazine. Some of the highlights of this edition include: Valley of the Kings With marvelous wines, gorgeous views and rich cultural offerings, Napa Valley is the jewel in California's crown Making a Splash Essen...
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California Craftsman Bungalow With Movie Cameo Asks $799K

Here’s your chance to own a piece of heaven—of Bungalow Heaven, that is. This recently restored 1911 Craftsman bungalow is one of 13 such homes designed and built by Henry C. Deming in this Historic Landmark District called, what else, Bungalow Heaven, which comprises 16 blocks in the heart of P...
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How Much Is Your Home Overpriced?

Wondering if your home is priced correctly? Unfortunately, the price of a home is determined by the market. Whatever a buyer is ready, willing, and able to pay at any given time determines how much a house is worth. Check out these stats to see if your home is priced correctly. For an accu...
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The Pros and Cons of Adding A Pool To Your Home

Does a pool add value to a home? No. And yes. In general, building a pool is not the best way to add value to your home. You’re better off making physical improvements to your actual house instead of adding a pool to your yard. However, a pool can add value to your home in some cases: ...
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4 Tips for Selling A Haunted House

It can be hard to sell a house if it has a reputation for being haunted or if someone is known to have died in the house. If the death occurred within the last three years, then the homeowner is legally obliged to disclose this fact before he sells the house. A haunted house, or one in which some...
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You Think You’ll Love These Luxury Features But Almost No One Ever Uses Them

If you’re anything like us, you spend your days endlessly clicking through photos of luxury homes, dreaming of the day when you can upgrade to a villa with a wine-tasting room, free-standing tub, and home gym—the high-end features that suit your fantasies of affluent relaxation. But think aga...
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Michael B. Bell | Making All The Difference In Real Estate