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Welcome To Alupang Departments 8
Market Report Your comprehensive look at the trends of the real estate market.
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Feature Thrills & Spills of Home Construction
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From the Experts Shopping for A Home? Got Portal?
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uenas yan Hafa Adai! As president of the Guam Association of REALTORS®, I have had the privilege of meeting with our members and having many conversations with Arnold Jose • President them about our real estate industry and their business. I know you’ve been reading negative stories about the housing market nationwide and even Guam has recently been experiencing a slowdown, but don’t let that dampen your enthusiasm for helping folks achieve the American Dream. Those who have been in the business long enough recognize that our business is cyclical. To those weathering their first slowdown, here’s my advice: Real estate is a long term- investment. The boom created a misconception that real estate is a high yield, short term investment. It’s not. And we can all help drive that message home to consumers. There’s no such thing as a bad market. Regardless of where we are a in a cycle, there are always plenty of people ready to buy and sell. Today, buyers have more choices and favorable interest rates. With your help, they can put together a good deal. Bad news should be put in perspective. The unprecedented tumult in the financial markets is a time of adjustment and the market will and must heal itself. This may be the best time for opportunities to acquire real estate than any other time in history. Moreover, last month’s passage by the House of Representatives of the Veterans Construction and Extension Act of 2008 would benefit veterans across America who are homeowners as well as those who aspire to homeownership, according to the National Association of Realtors®. The House passed H.R. 6832 in a bipartisan effort. “As leading advocates for housing issues,
Profile Maria Miller “The Hawaii-Guam Connection”
October 2008 • Vol. 1 • No. 5
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Closing Guam Association of Realtors What Makes A Home Truly Green
ARNOLD C. JOSE 2008 President Guam Association of REALTORS®
Publisher Business Sales Manager Traffic/Circulation Manager Production Manager Production Assistant
Yellow Pages Ink Jay-R S. Dominguez Josie Redmond Mark Burke Lynda Young
Graphics & Layout Mark Burke
Classifieds CasaGuam is Published by:
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Realtors® have a long history of supporting veterans and the causes that matter to them, such as affordable housing. “Our 1.2 million members appreciate the leadership of Reps. Bob Filner, DCalif., and Steve Buyer, R-Ind., in helping pass this legislation, which will go a long way in helping veterans buy and keep their homes.” Three provisions in the legislation are critical to help veterans during the current housing turmoil. H.R. 6832 would help more veterans who are homeowners refinance their loans into safer, more affordable loans backed by the U.S. Department of Veterans Affairs (VA loans). This would benefit veterans who have fallen victim to risky subprime loans that will be unaffordable when their adjustable interest rate resets. In addition, the legislation would make VA loan limit increases permanent, helping veterans who live in high-cost areas. The bill would also extend the VA’s authority to offer adjustable-rate mortgages to veterans. That measure would make homeownership more attainable for military families and personnel who often have to move more frequently than their civilian counterparts. It is important to stop and recognize America’s brave military personnel, both active and retired. Today’s action by the House of Representatives is one way of showing our ongoing appreciation to all of those who have put their life on the line so that all Americans can continue to enjoy the freedoms our country provides, including the dream of homeownership. “We look forward to Senate action to finalize this bill, helping ensure that every veteran who can afford to own a home and wants to do so will have the opportunity and that everyone who responsibly owns a home is able to keep it.” This action by the House of representatives will certainly have a positive impact on Guam’s real estate industry as we all prepare for the population boom that is just around the corner.
Jon Barnhart Editor Janiece A. Sablan Editoral Contributors W. Nicolas Captain Anthony Godwin
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Peggy Araullo Llagas Special Thanks To Ricardo Delgado Jr. President PTI Larry Knecht - EVP
CasaGuam Advertising Disclaimer All Advertisers agree to hold the publisher harmless and indemnify it against any and all claims, losses, liabilities, damages, costs and expenses (including attorney’s fees) made against or incurred by the publisher, officers or employees with respect to, or arising out of, the content, text, graphics or representations of any ad published herein, including but not limited to the sole negligence and/or fault of the publisher. The publisher is not liable for any claims, losses or damages of any kind, arising from the wording, text, graphics or representations of any ad published herein, or the condition of the articles sold through the publication, or performance of services advertised in this publication. All advertising and/or performance of services advertising and/or submissions become wholly the property of CasaGuam Magazine. CasaGuam Magazine is a registered trademark of PTI Pacifica Inc. Copyright © 2008. All rights reserved. Reproduction in whole or in part in any form without the express written consent of the publisher is prohibited. We reserve the right to edit or refuse any ad and to reprint any photo for promotional use.
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Real Estate Listing By Village
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Market Report
MARKET REPORT October 2008 Bullet Points derived from 2nd Qtr. 2008 data from W. Nicholas Captain of the Captain Real Estate Group of Companies. 2008 Market slowdown exacerbated by series of local government actions that have resulted in a reduction in the potential profits associated with real estate investment and development. Wide gap between buyer and seller expectations is a significant factor in 2008 market slowdown.
Commercial property sales led decline with annualized sales down over 70% over the first half of 2008. 2nd Quarter 2008 residential sales is second strongest quarter in over a decade + median home price $199,100. 2nd Quarter 2008 apartment building sales activity declined over 60% mainly due to “limited supply of quality product”. 2nd Quarter 2008 condominium sales slowest in over two years + median condo price $130,000 (includes a $1.6M Tumon beachfront property)
The above graphs are curtesy of Anthony R. Godwin, Principal Broker Today’s Realty. The information is based on closed sale activity reported by REALTOR® members to the Guam Multiple Listing Service (MLS) between the dates of June 1, 2008 through June 30, 2008. Transactions not reported to the Guam Multiple Listing Service are not included with this presentation. Information deemed reliable but not guaranteed. Not responsible for errors or omissions.
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Feature here are literally hundreds of attractive properties listed in this magazine alone, and you can’t seem to find the one for you? You may just be of the species “Buildus YourOwnus.” This means that you have specific ideas of what you want and customizing is the only way to get where you want to go. You are a very brave and unique species indeed as choosing to build a home instead of buying an existing home is an enormous commitment in time and resources. The payoff; however, can be extremely satifying!
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Dream Your Plan & Plan Your Dream It is possible that you’ve been working on the plan or design of your home for a very long time without even knowing it. You may have a distinct affinity for Spanish style, a preference for two-stories or a desire to have a master bedroom suite—Jacuzzi tub included. All these bits and pieces are the start of what will eventually be “home”. To get the dream on the path to reality it takes focusing on a plan. As the eventual home owner, you need to decide on three basic things: Where, what, and how much. Where will you be building this home? Hence, you will need some land. What size, design, and floor plan do you envision? Finally, how much is your budget? Many on Guam are fortunate enough to get family property to build upon. No free property? This is a good time to contact a Realtor® who can help you find the piece of land that suits your needs and wants. Other “where” considerations might be, current infrastructure, quality of neighborhood, school districts, etc. Once you’ve secured the site, the next aspect of the plan is “what” are you going to build. Do you want a singlefamily home or a duplex so that you can rent out a unit to cover a portion of the mortgage? Have you scoured the internet or magazines for home plans? Simultaneously, you should be working on the “How Much“ portion of the plan. In previous articles, we’ve discussed pre-qualifying at a lending institution. Much of the same process will occur when getting a loan to build a home, except for the initial loan phase being a “construction loan” which is basically an interim loan that precedes the traditional mortgage loan. Just as if you were purchasing a home, when building a home you must still know how much you can qualify for which in turn will determine what kind of house you can build. 10 CasaGuam ◆ October 2008
Roll Up Your Sleeves, This Might Get Dirty! The Thrills & Spills of Home Construction By Janiece A. Sablan
Talo Verde Estates Valencia Series C Architect - Yay or Nay? Once financing has been addressed, the road forks into a couple of options. On the one hand, you can take all of your ideas, magazine cut-outs and sketches on napkins to an architect. On the other hand, you can go directly to a contractor who may have a draftsman on staff or an affiliation with an architect. The benefits of going to an architect are numerous; however, finding the right architect for your project may be challenging. John Setiadi of Setiadi Architects says, “It is important that you hire a duly registered Architect that understands your requirements and your personal taste. Hiring the wrong house designer, no matter how cheap, will be costly in the long run.” Many
people forego the services of an architect simply because they are afraid of the cost. “The cost for hiring an Architect is a small fraction to the cost of the construction, furnishing and other related expenses, to create your very personal ‘dream home’,” adds Setiadi. An architect’s fees are generally based on scope of work so it is difficult to give a cookie-cutter cost. Setiadi says that a homeowner should ,“review the Architect’s work before hiring him or her. A good Architect has his/her apparent style; and it is important that you like his/her previous work. Hire an Architect that you are comfortable to communicate with; and [you] are able to understand each other.” www.CasaGuam.com
Feature Executive secretary for the Guam Contactor’s Licensing Board, Tommy Morrison, recommends that every consumer address the following before selecting a contractor: Verify Contractor’s License. Obtain copies of his/her license. Call the Contractors License Board to make sure his/her license is in good standing. Also don’t take on good faith that the license won’t expire during your said project so confirm expiration dates to. Check the term of contractor’s liability insurance. Experience. How many years have they been in the business? [Which also raises the question of financial stability and ability to stand behind a warranty]. References. Look at your initial mode of contact. If they do or don’t come by way of reference from associates, friends, or from those already in the business. Still do your part. Become clear on the issues of cleanliness, professionalism and regard for the project overall from inception to beyond completion? Do their projects come in on budget and on time. * Obtain at total of at least three references in any case. Obtain and check references with names, addresses, and phone numbers. Also, ask the contractor for jobs in progress where you can make a site inspection. Cost. While the low bidder is favorable to many, and is usually most often chosen, consider what you may be paying for in trade for the lesser price; if at all. Is quality of materials possibly being sacrificed?
The benefit is a well-designed house for the lifetime of its existence. No awkward beams, no light switches at the far-end of a room requiring you to walk in the dark to flip it on, no doors opening into doors. These are many common mistakes that occur in homes on Guam that lack proper planning. Of course if this is cost prohibitive, you can go straight to the general contractor who may have a draftsman on staff or an affiliation with an architect. You should still be able to come up with a reasonable layout and elevation. It means you as the homeowner must be diligent about details which may be missed with this process. www.CasaGuam.com
Do Your Homework
Get at least three written, detailed estimates. If there are large differences in price, get an explanation.
Choosing a contractor may be one of the most critical aspects of the project. In this magazine, we have published a listing of all licensed contractors which now number in the several hundreds. You will have to do some homework. Fortunately, there are resources out there. Both the Guam Contractors Licensing Board and the Guam Contractor’s Association are helpful resources to ensure you find a reliable contractor. The Guam Contractors Licensing Board (CLB) is a government entity created to protects consumers by licensing and regulating Guam’s construction industry. The CLB works to assure quality of and fair construction practices exist to protect all consumers of Guam.
This might all seem like time consuming, tedious work, but it is the only way to avoid crisis situations that the CLB deals with when people haven’t done their homework on the front end and are seeking help when their contractor hasn’t filled their obligation, leaving the homeowner high and dry in some cases. The Guam Contractors Association is a nonprofit organization whose members “subscribe to a code of ethics and are held to a higher standard of work ethic and quality of craftsmanship.” According to GCA executive director James Martinez, “This is beneficial to consumers in selecting a contractor knowing that our contractor members are held to October 2008 ◆ CasaGuam 11
Feature these higher standards. Consumers can come into our office for an updated listing of all our members. We also offer consumers a guide on how to select a contractor.” The CLB and GCA are often mistaken for one another. Martinez says that consumers often call the GCA office to file complaints which are refered to the CLB. “Both organizations want to ensure that the consumer is protected from fraudulent acts Tommy Morrison Executive Secretary, and inferior workmanship,” Guam Contrators LIcense Board explains Martinez. You as the consumer should know that there are resources and recourse available.
Break Ground Your contractor will deal with government permits, soil testing, topographical surveys of your property, among other things just prior to breaking ground. If all goes well, you will soon see a nice, smooth clearing and chalk lines that show you where your walls will go. (Be aware that, in chalk form, your house will look tiny—even if it is 2,000 sq. ft. Just an optical illusion). Once actual construction starts you should be prepared for a rollercoaster ride as things never go exactly as planned. Changes will be made. Outlets will be moved. Walls may even be broken. You just never really know for sure until the process unfolds. Unless you’ve gone with a contractor that offers turnkey construction, which means that you are not obligated to disburse funds until construction is completed, your bank will be disbursing funds to your contractor at different stages of construction. Since construction
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loans are often based on high interest rates, timing is going to be crucial and often nerve-wracking. There will be a push and pull between you as the homeowner and the contractor in terms of deadlines, changes, and disbursements from the bank which require you to sign off on completed work.
Timing is Everything In today’s construction market, timing has become more critical than ever. In terms of the actual construction, Guam’s weather can wreak havoc on timelines. Will the pouring of the roof be delayed by a week or two because of rain? If a typhoon is coming, all debris will have to be cleaned up, scaffolding taken down and interest on that construction loan will not wait until the storm passes. Ideally, you want the bulk of your construction to take place during the dry season. Also, with the real estate market conditions, it is often difficult to tell when contractors who do single unit, residential homes will be readily available. A mere six months ago, it was almost impossible to find a contractor because many were busy with bigger projects such as developments or commercial construction. Today, it may be easier to find a contractor because a brief lull in the marketplace and the moratorium on central-Guam construction.
Catch 22 In the final weeks of construction, when the finishing work is being completed and anticipation on both the your part and the contractors part build, is where some significant stress may occur. Home owners are often critical about finishing as it deals with the aesthetics of the home. You may want walls smoothed, light fixtures straightened, tile repositioned, grout color changed, among a host of other details that need fixing.
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The CLB urges consumers to follow these tips before selecting a contractor: • Hire only licensed contractors and ask to see the license • Verify the contractor’s license by going online at www.clb.guam.gov or calling the CLB Office at 649-2211 • Check if the contractor is in “Good Standing” with the CLB • Get three bids, check references, and get a written contract • Do not pay cash, and do not let the payments get ahead of the work The contractor may ever so subtly, or blatantly, want you to signoff on completion so that final disbursements will be made from the bank. You will be in a rush to get out of that construction loan because you will now be paying big interest on the full amount of the loan. The contractor will be in a rush to get his crew to a new job site. You will be in a rush to get your occupancy permit and move in to your new, beautiful home. Take a deep breath and know that this will all pass. You have endured and will soon have keys in hand.
Single Family Home for Sale Tamuning 4BR, 2BA With a little TLC, you can be the owner of this hidden gem! MLS: 08-2249 REDUCED PRICE! Dededo 1,858 Sq. Mt. Great for your new starter home or your vegetable plantation! Fairly level land buy it today, a great investment! Plenty of room to build or farm! Water and Power not too far away!!! MLS: 07-2981 $53,000 Yigo 4BR Four Bedroom Home located in Yigo, Call 477-6580 for details. MLS: 08-2511 $395,000
Land For Sale Santa Rita 2 Lots for Sale! 4,047.05 Sq. Mt. Road frontage, near power and water. Variety of fruit bearing trees (ex. jackfruit,banana trees,etc...) Nice botanical setting. Quiet and peaceful area. MLS: 07-3829 $72,000 Yigo 2,370 Sq. Mt. A corner lot over a half acre. Leveled topography for easy building. Near schools and convenient stores. Water, power and telephone utilities adjacent to site! Fire hydrants too MLS: 08-985 $82,950
Piti 1,115 Sq. Mt. EXTRAORDINARY VIEWS and higher than the rest! See your executive style Townhome, Duplex or huge three-story home tucked into this mountainside property. Perfect property for a beautiful home with spectacular Oceanview. Very private property tucked away MLS: 08-1075 $200,000
MultiFamily for Sale Santa Rita 4BR 2BA Close to Naval Base and So High Schl, boasting a 1 acre yard with mature fruit bearing trees. Mangos, calamansi lemons, bananas, jackfruit, breadfruit and much more are available seasonally. Adjoining 2 acres 4 sale @ total $350k together. MLS: 07-3843 $225,000 Yigo 4BR, 2BA Units Nice and quiet neighborhood. Perfect for investment!! 1 minute away from the back gate to Andersen. Duplex is very well maintained and cleaned every so often. MLS: 07-2899 $235,000 Agat 8BR, 4BA Plain and simple. Generates income to vouch for mortgage payment! Live upstairs for pratically FREE! MLS: 08-1595 $315,000
Condo/Town House/Apartment Rentals
MongMong-Toto-Maite 6,515 Sq. Mt. Large Residential lot which can be subdivided into several lots. Good investment potential. Minutes from Hagatna and close to schools.Owner financing available. MLS: 08-434 $160,000
Agana Heights 2BR, 1BA AGANA HEIGHTS, where they all want to be... Well developed community close to Naval Base, and most certainly affordable rent. Other units available, inquire with your Realtor today! Large yard space, on site management in a well-desired, clean, family subdivision. MLS: 08-2176 $575
Tamuning 626+/- Sq. Mt R-2 Zone 626+/- sqm. Grand Investment. Across Onward Agana Beach Hotel. $198,000
Single Family for Rent
Barrigada 3,716 Sq. Mt. Large lot located near the upscale neighborhood of Barrigada Heights overlooking Dededo and Yigo with a partial ocean view. MLS: 08-1000 $200,000
Dededo 3BR, 2BA Come live in the Hotspot of Guam, Dededo just off Ysengsong Road. Close to Micromall, Andersen AFB, and the shopping district Tumon! New closets, kitchen cabinets and doors! 522 East Santa Barbara, Dededo, GU 96929 MLS: 08-84 $1,200
Yigo 2BR, 1BA Nice and quiet neighborhood just minutes away from AAFB. Very well maintained and clean. Very large front yard enough for kids to move around and a very safe area away from the road. Owner has replaced both front and back doors. MLS: 07-2897 $700
Agat Clean and Spacious! ENORMOUSLY LARGE 4bd. MLS: 08-1614
4BR, 1BA $1,400
Agat 3BR, 1BA Peaceful neighborhood, just a stroll away from the Agat Marina! Must See! Sec. 8 welcomed! MLS: 08-1428 $1,600 Dededo 2BR, 2BA This home boasts of space and comfort in the heart of Latte Heights! Lots of room inside and out, it is a definite must see to appreciate. 178F Villagomez Road, Barrigada, GU 96913 MLS: 08-1496 $1,700 Yona 4BR, 3BA Great spacious home and lot! Must see to appreciate. Section 8 OK! MLS: 08-759 $1,800
Commercial Space for Rent Hagatna, Fred Gabriel Commercial 640 Sq. Ft. Commercial space fronting Marine Corp. Drive. Good for a print shop, dive shop, or just an office where your backyard is the ocean. MLS: 07-3253 $800 Hagatna, Fred Gabriel Commercial 2,250 Sq.Ft. Unit is on the 3rd story fronting Marine Corp drive.Unit is rented in 'As Is' and any additional upgrades will be build to suit. MLS: 07-3256 $1,600
Other real estate matters on your mind? Give us a call we’ll be glad to help. ~ Argent www.CasaGuam.com
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Louisa Flores Wessling Associate Broker Office: (671) 637-7431 • Cell: (671) 727-8400 Email: lmwessling@guam.net • www.bhi@bhirealty.com
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From the Experts
Shopping for a Home? Got Portal? By Anthony Godwin, Today’s Realty
Anthony Godwin Principal Broker, Today’s Realty
oday, more and more Guam homebuyers are starting their home search on the internet. Guam homebuyers are not alone in this trend as over 77% of homebuyers nationwide begin their home search online according to the National Association of REALTORS®. Over the past several years the ‘on-line’ experience has been enhanced to bring more property information to the buyers and sellers of real estate. Five years ago or so, the first real estate websites allowed visitors to view and search the inventory of all real estate companies that were members of the Multiple Listing Service (MLS). The visitor could perform searches but there was no method to save or retrieve the information later. Times have indeed changed and technology has caught up with the buyer’s desire to save and retrieve their searches. Recently Today’s Realty launched a FREE new service on their ever popular website, www.guamhome.com, that allows visitors to create a personal webpage called a portal. This portal allows you to save your favorite properties, save ‘what if’ properties and even ‘reject’ properties that didn’t make the list. This new service also allows you to create and save your own searches. So, for
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example, say you want to search for all homes in Tamuning with three bedrooms, two baths and an ocean view. Now you can save this search and the next time you visit your portal any new or changed listings will automatically be updated. See something you like in the results of your saved search? You can also mark these properties and they will be automatically saved in your favorites! As your home search progresses, you can update your favorites until you have narrowed your search to those homes that best meet your needs. When you are ready to start seeing the properties you can call Today’s Realty and property showings will be scheduled for you. In addition to saving searches and favorites you can make a showing request and request for additional information on a property all from the comfort of your home.
How do you get your very own portal? Go to www.guamhome.com. Click on Client Login and then select “Don’t have an account. Sign up here.” It’s that simple and you are on your way! If you have questions you click on Live Support or call 649-4361 or feel free to call me at 6888198. Don’t wait til tomorrow… get your FREE portal Today! Anthony Godwin is principal broker with Today’s Realty, a five term past president of the Guam Association of REALTORS®. He can be reached at anthony.godwin@guamhome.com, 671-6888198 or visit him on the web at www.guamhome.com.
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Profile
The Hawaii-Guam Connection
Maria Miller Principal Broker Horizon Properties, Inc.
f you’ve seen a Horizon Properties ad, you’ll know that Maria Miller is the “Hawaii-Guam Connection”. Miller has been a part of the dynamic real estate industry in Hawaii for 30 years prior to bringing her experience right here to Guam less than two years ago. One might think it was the booming market conditions that led Miller west; however, she had a more divine inspiration. “After visiting Guam on the insistence of a friend, my Principal Broker in Hawaii, Eric M. Watanabe, thought it would be good for us to check out Guam. He contacted the only CCIM designee he found in Guam, Chris Felix, and we started selling investment properties in Guam,” explains Miller. “We saw the need to maybe open an office here to help take care of the rentals investment properties we were selling. I was approached about it moving to Guam and was praying about the decision when I decided to just come, spend a month here, take the real estate course and see what happened. Four of us ended up coming. Besides myself, my partner Jocelyn Marquez, Eric’s daughter, Ashley Watanabe, and my daughter Carmen Miller. We came, spent a month, studied hard, took the course, fell in love with Guam—the food, its people, the sunsets—and failed the real estate exam! But God had other plans and we are all back here!”
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Miller admits that there are marked differences in the industry on Guam and in Hawaii. “Hawaii is a very sophisticated market – it is innovative and follows closely behind California. There are other states on the Mainland and real estate boards that ask Hawaii for help and learn from the Honolulu Board. Honolulu was among the first to tackle and solve the ‘agency’ question well over 10 years ago,” says Miller. “All sales and transactions are public information and online. You can find out in seconds who owns what, how much they paid for it, the original mortgage amount and dates of purchase. As well as the history of everyone who owned it from day one and also a ‘footprint’ type floor plan of the improvements complete with dimensions,” she further explains. Miller does say that Hawaii is behind Guam in the use of the convenient electronic lock box system which allows other Realtors access to show a property. “Guam, I find refreshing and challenging. The forms, in my opinion, need revamping and need to be more applicable to this market”, states Miller. “I find the showing of property much easier here,” she adds. “Also, there is much more comradeship here among Realtors. I sincerely enjoy the small community and the friendship everyone has extended to us,” expresses Miller. Another unique distinction that Miller holds is six acronyms after her name! What do they all mean? Most will recognize “PB” as principal broker. The rest stand for an investment Miller has made throughout her career to become more qualified and well-versed as a Broker. Miller was among the top 10% of Realtors in Hawaii with high unit productivity and with her CRS (Certified Residential Specialist) designation, she is among the top 5% of real estate agents in the United States. She is currently a candidate for both Certified International Property Specialist (CIPS) and Certified Commercial Investment Member (CCIM) designations. Along with two other business partners Jocelyn Marquez and Miller opened Horizon Properties, Inc. about a year-anda-half ago. They operate out of “the old
Maria Miller Principal Broker Horizon Properties, Inc. Family: “My oldest, Tony is a commercial real estate agent in Dayton, Ohio where his father owns a real estate firm. My daughter Carmen, just sold her Doggie Daycare Center in Denver Colorado and is here in Guam managing Horizon Properties and helping Mom! My youngest Richard, is a police officer in Ohio. I have four awesome grandchildren and one grand-dog in Ohio!” Education: Two-year college business degree. Numerous real estate, mortgage and banking classes. Professional Philosophy: To fall in love with my work and do it as unto God! - Colossians 3:23 If I weren’t a RE Broker, I’d be… in Ohio – retired – spending time with my grandchildren! Dejima building” which they tell locals who are looking for directions to their office. They have found their own little niche in the market with at least 95% of their clients being from Hawaii. Miller also emphasizes the important foundation of their company. “We are a Christian based company trying to be obedient to God and dependable to people,” says Miller. “We really would like to help the local people achieve the ‘American Dream of homeownership’ before the prices go crazy. We saw this happen in Hawaii – our ‘homeless’ rate went up tremendously! I would not want to see that happen here. Many people are not aware of the numerous ways of purchasing with little or no down.” she adds. Miller believes that the last 18 months of her life here on Guam have been among her most interesting career experiences. “It is quite an adventure! Everyday is a challenge and a memorable experience,” she exclaims.
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Who Ya’ Gonna Call
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Who Ya’ Gonna Call
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Classified Residential Sales
Mangilao
NCS-Dededo
Duplex for rent 125-A Joseph Lane 3br / 2bath split A/C Private and cozy Call Cathi Beam 689-3492
Brand New House - 3bedroom/2.5 bath close to school stores and many more. Asking $265,000.00 Call Pioneer Realty at 649-8568/689-8038. MZ PB. Tamuning Pacific Tower Cond. - 3bdr./ l bath, fully renovated, pool, security, and appliances. Asking $95,000.00 Call Pioneer Realty at 649-8568/688-3121. MZ PB. Tumon Tumon Heights Court Cond. - 3 bdr./2 bath, close to the beach, hotel and shopping center. Asking $275,000.00. Call Pioneer Realty at 649-8568/689-8038. MZ PB.
Rental Properties Agana Agana Oceanview Condo. Nice 3BD 2Ba $163,000 Century 21 CR M.Cotton PB Call George 483-9111
University Gardens-2 bed,1.5 bath w/ water, cable & pool for $950.00. Sec 8 lease ok.Call Shawn Blas @ 888-3221 Sinajana 3bd/2ba house, ceramic tile throughout - Close to St. Jude Church, schools and minutes away from downtown Haganta. Section 8 OK Asking $1200.00 Call Scott Campbell 649-6088 Tamuning Tamuning Executive Condo. - 4br./2.5 bath with appliances, Jacuzzi, water softener, full-backup generator, triple security, swimming pool and other amenities. Asking $2,000.00/month. Call Pioneer Realty at 649-8568/689-8038. MZ PB.
Dededo
2 bed,1 bath, 1st floor apartmentwith big yard for $950.00. Sec 8 lease ok. Call Shawn Blas @ 888-3221
Las Palmas Phase III for lease: 3 bedroom, 2.5 bath with bonus rooms. Ceramic tile downstairs with carpeting upstairs. Accordion Typhoon Shutters, security, pool and mail delivery in the complex. Make this your home while on Guam. $1750.00/mo. Call Deanna at 479-8829
4bed/3.5ba Centrally located in Perezville, Tamuning. A couple minutes away to GPO, church, schools and the hotels of Tumon. House is newly painted with elastomeric coating. Has master bedroom and a junior master bedroom. $2,200/month. Call Myrna 488-0144
For an extended family! 4bed/1ba house plus a concrete extension of 1bed/1ba. Newly renovated, in the heart of Dededo, close to everything. $2,000/month. Call Myrna 488-0144
2bd / 1 ba furnished. Includes power, water, cable & wireless internet. MILITARY WELCOME! $1,700.00 Call : Anita 688-5785
Kaiser - 4bd/1ba, Newly upgraded with new tiles, kitchen cabinets new french windows, new paint, covered carport. Walking distance to schools, church grocery stores. Section 8 OK $1200.00 Call Scott Campbell 649-6088 3bd/2ba, covered carport, nice neighborhood, stove, refrigerator. Section 8 OK Asking $1200.00 Call Scott Campbell 649-6088
30 CasaGuam â—† October 2008
Oka Towers Condo-Newly renovated 3bd/2ba unit overlooking swimming pool and ocean New ceramic tiles floors, new kitchen cabinets w/granite counter tops, new bathroom floors and counter Freshly painted. Great amenites includes: 24-hour security, tennis courts, swimming pool, mail delivery playground area, back-up generator Asking $2400.00 Call Scott Campbell 649-6088
Grand Pacific Condo: 3bd/2ba, 2nd floor - Appliances included, ceramic tiles throughout Centrally located in the heart of Tamuning. Minutes to GPO, restaurants, theaters and many more Section 8 OK Asking $1100.00 Call Scott Campbell 649-6088 OKA Towers 2 BR and 3BR available today. Also, exclusive executive rental available soon. Call Ron Ostern at Coral Sea Realty 727-4653. Tumon Tumon Heights Court Condo - 3br/2 bath with appliance and pool. Asking $1,700.00/month. Call Pioneer Realty at 649-8568/688-3121. MZ PB.Pacific Tower Condo. - 3br/2bath with appliances, pool and security. Asking $950.00/month. Call Pioneer Realty at 649-8568/688-3121. MZ PB. Live in Tumon and walking distance to the beach in this 3 bedroom 2 bath 2nd floor condo. Freshly painted, new blinds and new all ceramic floors, this place sparkles! Nice view of Two Lovers Cliff from living room. Asking $1900/mo. Call Deanna at 479-8829 Completely renovated 3 bedroom 2 bath Unit at the end of the street is ready for you to move in. All new ceramic floors, new bathrooms, central a/c, stacked washer/dryer and typhoon shutters. Really nice views and extra security doors included. This is a great Value for the money so don't miss it! Asking $1900/mo. Call Deanna at 479-8829 Tumon View Phase II, 1st floor, 2 bd, 1 ba unit is clean and ready. Located just up the hill from Duty Free Shoppers on Tumon you will be pleasently surprised that the lease price is only $950/mo! Call Deanna at 479-8829
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Classified Tumon Horizon Condo. This is an all in one price of $1700 a month. Includes power, water, basic cable tv, trash, and internet connection for this 2 bd 1 bath partial oceanview unit. Complex has a pool, security and mail delivery. Just think one bill and most of your living expenses are handled for only $1700 a month! Call Deanna at 479-8829 Available soon...Horizon townhouse is being re-done and updated, you will love it. Completion will be August 20th and will be available for $2200 a month. The complex now has a remote controled gated entry. The unit is a 3 bedroom, 2.5 bath with inside laundry. Master bath has a jacuzzi tub and all 3 bathrooms are new. The patios are also being tiled, giving you additional living areas. Call to see this and claim "Dibbs" for yourself. $2200/month. Call Deanna at 479-8829
Springhill Subdivision; This 3 bedroom plus den home is on a quiet street, is fully fenced and gated, ceramic tile floors, high ceilings, long kitchen and great floorplan. Ready for you and your family. $2450/mo. Call Deanna at 479-8829
Land For Sale Mangilao 3 Adjacent Lots On Eba Road R-1 Zone 1562 Sqm $80k Each. Close To Schools, Restaurants. Utilities Nearby. Call Cathi Beam 689-3492 Talofofo
3 bed/2ba house close to school, church and AAFB . Quiet neighborhood. $1,500/month Call Myrna 488-0144.
1,876 s.m. Asking $79,000.00 Water & Power nearby Call Toni 482-4663 Upper Tumon
Upper Tumon 4bd/2ba, covered carport, spacious yard, new ceramic tiles, freshly painted, minutes away from Micronesian Mall and downtown Tumon. Section 8 OK Asking $1400.00 Call Scott Campbell 649-6088 Tumon Horizon Condo: 2bd/1ba, ground floor, water included. Complex has pool, security, mail delivery. Walking distance to downtown Tumon Asking $1,000.00 Call Scott Campbell 649-6088
Across Driving Range, Near Pia Marine R-1 8645sqm, Fenced $1.3m. Call Cathi Beam -689-3492 Yigo ½ acre property behind Yigo Payless water/power, level lot paved road Ready to build asking $85,000.00 David Properties 777-3007.
Land for Lease Adelup Adelup Beachfront 5,098 sq. meter Call Toni 482-4663
San Vitores Terrace Condo-3bd/2ba, 3rd flr. Upgraded unit. Ready to movein. stack washer/dryer,refrigerator, stove, water purifier, typhoon shutters, covered balcony, Partial oceanview. Walking distance to beach, shopping centers, restuarants/bars and more attractions. Asking $1850.00 Call Scott Campbell 649-6088 Yigo Perez Acres 4 bedroom 2 bath unit is ready to lease. Owners have ordered new blinds for the livingroom area and the unit has already been upgraded. Large enclosed patio is a great area for bar-b-ques. This is the first complex on Guam to have 2 pools, fenced and gated, security, park and playground areas, sidewalks and more. Welcome home to Perez Acres in Yigo. $2000/mo Call Deanna at 479-8829
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October 2008 â—† CasaGuam 31
Closing Message from the Executive Officer The Voice for Real Estate on Guam
Peggy Araullo Llagas
What makes a home truly green? Green used to be just another color in the wheel. Now it is becoming an important consideration for homebuyers. It not only reduces energy cost, it is healthier living and simply a good thing for the environment. But as the demand for green home grows, confusion about what it means to be green escalates. There are many misconceptions out there primarily due to lack of factual information. “Greenwashing——the act of misleading consumers about environmental practices, products or services.”
Common benchmarks in considering that your home is green: • Energy (effective insulation; high performance windows; high efficiency lighting such as Energy Star products) • Indoor Air (VOC-free finishes, adhesives and carpeting; radon-resistant construction; mechanical and natural ventilation). • Water (low-flow toilets and showerheads; rainwater harvesting). • Landscaping (little or no lawn; native plants; limited irrigation). • Building products (materials with recycled content; salvaged materials; lumber from certified forests). • Siting/land use (conservation of natural features; compact development; access to transit).
Guam Association of Realtors®
-On Common Ground-
The Voice for Real Estate on Guam 414 West Soledad Avenue, GCIC Building, Suite 500-U, Hagåtña, GU 96910 Office: (671) 477-4271 • Fax: (671) 477-4275
www.guamrealtors.com • email: eo@guamrealtors.com 32 CasaGuam ◆ October 2008
www.CasaGuam.com