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CONTENTS
Message From GAR Message from the President
Departments 2
9W
Home Finance Pat hways to Home Ow n er s h ip
6
Market Report G u am R e a l E s t a t e S a l e s Volume Surges
10
Feature Want A B usi nes s? B uy A Ho us e Buying A House Can Be Key If
By Anthony R. Godwin e-pro®, CRS®, ABR®, ASP®, AHWD®, REALTOR®
March 2011 • Vol. 4 • No. 3 P.O. Box 24881 Barrigada, GU 96921 Tel: (671) 472-3495 | Fax: (671) 472-3498 email: office@yellowpagesink.com
You Want To Be A Successful Entrepreneur
18
Profile CRS Award s
|Publisher| |Business Sales Manager| Jay-R S. Dominguez
|Display Advertising| Darrell Pereda
|Traffic/Circulation Manager| 20
22
From the Experts H o m e Ow n e r s h i p : M ak i ng i t H a p p e n Contractor’s Corner H i g h l i gh t o n : Ba s e C or p ora ti o n
25
Who Ya Gonna Call?
26
Classifieds
28
Closing G u a m A s s o ci a t i o n of R e a ltor s ® When is a Real Estate Agent a REALTOR®
Josie Redmond
|Production Manager| Mark S. Burke
|Graphics & Layout| Mark S. Burke • Jon Barnhart
|Editorial Contributors| Faye Varias Creative Services Anthony Godwin Rhonda Abrams W. Nicholas Captain Peggy Araullo Llagas Aurora Kohn Calvin Hernandez Cover Photo: Mark S. Burke CasaGuam is Published by: Julian T. Coopernurse, Executive Director, Commercial, IT&E
e’re off to a good start-of-year. The rental market continues to be the focus of activity on Guam. There were 149 single family and condominium units rented by REALTORS® from January 1st through February 15th according to the statistics maintained by Guam’s Multiple Listing Service (MLS)*. Most of these rentals were achieved in under 65 days. There were five times as many homes/condominiums rented as were sold. Just 25 homes and condominiums changed hands during this 45 day period. January 1 through February 15 Summary* Home Sales There were 10 homes sold at a sale price average of $244,755 with an average of 159 days on market. Condominium/Townhome Sales There were 15 condominiums sold at a sale price average of $198,520 with an average of 220 days on market. Single Family Home Rentals There were 47 single family homes rented at an average of $2,244/month and average on-market time of 64 days. Condominium/Townhome/Apartment Rentals There were 102 condominium/townhomes units rented an average rental rate of $1,553/month with an average time on market of just 60 days. 2010 Year End Summary** The total volume of real estate transactions handled through REALTORS® and reported to the Guam Multiple Listing Service (MLS) for all of 2010 was $211,329,062.00 comprising approximately 4,402 transactions. This represents a 13% increase over 2009 activity. There were 108 condominiums sold in 2010 at an average sale price of $190,225 and market time of 181 days. There were 216 single family homes sold in 2010 at an average sale price of $249,248 and average market time of 168 days. As for condominium rentals, there were 1032 units rented at an average rate of $1,527 monthly and market time of 66 days. There were 604 single family homes rented at an average of $2,133 monthly with an average of 70 days on market. Celebrate Family. Seize the day!
*Statistics from Guam Multiple Listing Service from January 1, 2011 through February 15, 2011. **Statistics from Guam Multiple Listing (MLS) from January 1, 2010 through December 31, 2010. Transactions not reported to the Guam Multiple Listing Service (MLS) are not included in this presentation. Information deemed reliable but not guaranteed. Not responsible for errors or omissions.
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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Home Finance
Pathways to Home Ownership
By Calvin Hernandez
I
n Guam, most houses are constructed as one of a kind. This requires banks to look at each loan application distinctively. Even if the home was built by the same developer, has the exact architectural design specs,
or is even built in same village, each mortgage transaction is unique because it is based on a borrower’s financial strength and ability to repay a mortgage loan. And it is because of this uniqueness, the Bank of Hawaii has developed a free “Pathways to Home ownership” seminar to help educate first time home buyers about the overall process in purchasing a home. In this seminar, one important tip we provide to potential buyers is to work with a licensed real estate professional. There are several reasons: Real estate professionals typically work directly with the buyer in finding the right house. They are experienced in helping clients find the appropriate home and are familiar with mortgage lending basics. Realtors can assist buyers in finding a bank that will help them understand the financing options available and pre-qualify for the loan. Pre-qualification will provide a general price range of the home they can afford. Once a general price range is identified, the Realtor will have access to market data and help narrow the search criteria for available homes for sale. This saves buyers time and energy from driving all around Guam, looking for “For Sale” signs and knocking on doors. Real estate professionals can also coordinate a home walk-through with the sellers. The walk-through allows the buyers a chance to get the general feel of the home, identify if location meets their needs, and have a chance to see the neighborhood. Guam Realtors typically draft the purchase contract which is one of the required documents when applying for a mortgage loan. The contract is the formal agreement between buyer and seller. This contract stipulates the details of the transaction between parties.. In the event you may be thinking of representing yourself in a real estate transaction, make sure you understand all that is required to perform the task. For most people, a home purchase is the biggest expenditure they make. You want to be secure in your decision to go it alone. It is a complex process and one worthy of your full attention. When deciding on a Realtor, be aware that, like any service provider, the range of expertise and service levels can vary widely among professionals. Take the time to call on a few agents and get to know them. Select someone you are comfortable with and shares your perspective in home buying. If everything works out fine, your Realtor would have performed the services as expected and may end up being one of your closest friends. Here is a link that may help you find the right realtor for you. http://www.guamrealtors.com/ For information about our “Pathways to Homeownership” seminars please feel free to call me at 479-3566. 2 CasaGuam March 2011
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Louisa Wessling
Christina Au
727-8400
888-8626
687-8340
lmwessling@teleguam.net
christinat@guam.net
triniguam@yahoo.com
Associate Broker
Trini Sarmiento
Associate Broker
Associate Broker
MLS#11-186 & 11-184 TALOFOFO - $249K or RENT $2,150/mo 3br/2.5ba w/Custom features
MLS#11-777 TAMUNING - $1,900/mo Alupang Cove Condo Including utilities 1br/1ba
MLS#10-1736 PITI - LAND $500K 8000sm. Excellent road frontage property with high visibility for any business
MLS#10-1969 MAITE - $189K or RENT $1,700/mo Agana Oceanview Condo 3br/2ba
YIGO $259K 3br/2.5Ba on 1/2 acre lot. Family room, Living room & kitchen
TAM-JONESTOWN $2,200/mo Upgraded 3br/2ba home. Fully fenced and gated with a big patio. Available April 1st
YONA - $220K Windward Hills Estates 4br/2.5ba. Fixer Upper!
DED - MACHECHE $1,900/mo 4br/2ba Newly renovated duplex unit in well-kept neighborhood.
MLS#10-3245 DEDEDO - NCS $200K Renovated 5br/3ba. Fully fenced
MLS# 10-3329
MLS#10-3958 YONA - Windward Hills Golf Course $475K 4br/3ba wonderful features & scenic view
TAMUNING - $230K 3br/2ba on 600sm R2 zone lot.
MLS#11-3909 CHALAN PAGO - $1,700/mo Flora Pago Condo 3br/2.5ba 1st flr unit. A sanctuary for your evenings - with pool.
MLS#11-349 YIGO - $1,700/mo Spacious 4br/2.5ba home on 1/2 acre lot. Minutes to the back gate entrance to AAFB.
MLS#10-3008 & 10-3007 SINAJANA - $1,700/mo 3BR/3BA. Delightful home with open floor plan.
MLS#09-3495 DEDEDO - $195K 3br/2ba with 2br/1ba & 1br/1ba extension all concrete and semi-concrete storage.
MTM - BONITA VILLA CONDO $145K mproved 2br/2.5ba unit. Centrally located.
MLS#10-1954 TAMUNING - LAND $550K 1/2 acre w/ 4br concrete house.
MLS#10-3237 YIGO LAND - $75K Enjoy the privacy! 2007sm lot. It's a perfect property for building a future dream house. Utilities onsite.
Christina’s Deals of the Month! TAMUNING - $1.6M Golden Motel 26 Rooms, Fee simple land improvements, equipment and generator.
YIGO - $360K BRAND NEW 3br/2.5ba fully fenced and gated, double garage, laundry room, custom made kitchen cabinet and corian counter top. Master bath has jacuzzi tub and standing shower. Close to AAFB, 1071 sq M.
TAMUNING - 1.8M 2 Storey Comm. Bldg. Over 30,000 sq ft, fee simple, negotiable Motivated seller, also for rent $10,000/month (negotiable)
Call Christina!
MLS#10-4002
CHALAN PAGO - $235K Central location. Cozy 3 bedroom, 2bath home.
888-8626 CasaGuam.com 3
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Market Repor t
By Nick Captain
Guam Real Estate Market Up 20% in 2010
A
ctivity Update –
Although local real estate lending contracted significantly in 2010, there were strong indicators of positive growth in the Guam real estate market, according to the latest release from Captain Real Estate Group. In 2010, aggregate island-wide sales volume increased by 22 percent from 2009 to $306.2 million. Last year, the median price of a house on Guam increased by over six percent and the median price of a condominium increased by nearly 13 percent. Also in 2010, condominium sales volume islandwide increased by nearly 50 percent, and land sales volume more than doubled the 2009 levels. In 2010, over $32.2 million in condominium sales and over $94.5 million in land transactions closed. According to Nick Captain, the condominium and land sectors are “leading indicators” for future growth. Captain expects local players to step up as well as a slew of off island investors acquiring Guam real estate over the next couple of years, boosting sales volume and increasing prices. The 2010 growth in real estate sales occurred while local lenders moved in the opposite direction, with real estate loans down by 28 percent to $387.6 million. Local real estate lending was again dominated by First Hawaiian Bank and Bank of Guam, while Bank of Hawaii continued to shrink. In 2010, Bank of Hawaii closed fewer real estate loans (in dollars) than Coast 360 and Community First credit unions, as well as BankPacific. “Once local banks can justify real estate lending growth, relatively stable residential and soft commercial market conditions could turn upward quickly”, noted Captain.
6 CasaGuam March 2011
Single Family Dwelling (“SFD”) market activity during 2010 was relatively stable with 4 percent growth in dollar volume to $141.7 million. During 2010, the median price of a single family house hit $212,500, up 6 percent, but has remained within the range of $195,000 to $215,000 since 2007. The dollar sales growth in 2010 occurred along with shrinkage of 5 percent in the number of houses sold, which reflected 586 units in 2010. Unit sales volume peaked during 2006 to 2008 with over 700 houses sold annually. The 2010 unit sales volume reflected the lowest annual total since 2003. The annual SFD unit sales volume, which peaked at 774 units in 2007, pales compared to the Department of Defense’s Record of Decision which details the Guam military build-up and notes that new civilian housing demand, under the now-delayed initial build-up scenario, would average 2,500 units annually through 2015. High end SFD sales (above $500,000) increased over 20 percent in 2010, as the return of economic normalcy brought wealthy individuals back into the market. In the condominium sector, the median price increased by nearly 13 percent to $140,000 in 2010, while the number of transactions increased by over 21 percent, to 183 units. Condominium sales volume (in dollars) was up last year by over 48 percent to $32.2 million. The high end condominium sector continued it’s rebound with 23 transactions priced over $350,000 in 2010, more than double 2009 activity. Land sales in 2010 hit $94.5 million, up by nearly 110 percent, and approximating the combined totals from 2004 and 2005. The number of land sales in 2010 was up by almost 15 percent to 459 transactions. The multifamily sector rebounded in 2010, increasing 75 percent to $17.9 million in sales volume; primarily due to the bulk sale of Talo Verde houses as apartment building sales volume was
anemic. The commercial and industrial sectors lagged in 2010, with sales volume down by 45 percent to only $19.9 million in combined sales. These sectors were positively impacted by upward pressure on rents and occupancy; however, sales volume declined significantly due to the wide price expectation gap between buyers and sellers. The military build-up will dominate Guam’s economy and real estate market through this decade. The now obvious slowdown comes on the heels of the Record of Decision (“ROD”), which indicates that Guam’s housing market had a 2,800 unit excess capacity. New housing demand was estimated to approximate 2,500 units per year for four years, resulting in excess capacity of over 8,000 units post-build up. Under the original timeline, there would be a need for 12,000 civilian housing units in 2014 alone, falling to 3,205 units by 2017, after construction. Fortunately, the estimates were concluded as seriously flawed in light of Guam’s infrastructure and politics. The slowdown is good for Guam as the ROD estimates would have resulted in serious market clashes and a housing war where landlords are kings. The ROD says that “This rapid and substantial increase in population on Guam would create “boom town” opportunities and problems.” The slowdown in population growth will smooth out the boom and bust cycles previously experienced in Guam. Guam’s residential real estate market is healthy compared to the U.S. Mainland. According to the S&P/case Shiller Home Price Index, home prices nationwide are back to their mid-2003 levels, while the Guam median price is up 85 percent from 2003. U.S. home prices are down an average of 33 percent from their recent peak, but the 2010 Guam median price was only one percent lower than the 2008 peak of $215,000. Notable Transactions – 2010 was the year of Talo Verde’s foreclosure,
the four abandoned towers, the Marriott foreclosure sale, and the auction of Tumon oceanfront land. Notable transactions in 2010 included more than just foreclosure deals and abandoned projects (“on hold”). The $15.4 million bulk sale of 28 Talo Verde houses closed in 2010 with local buyers benefitting from the discounted prices. Guam’s largest industrial complex, IXORA, sold at $7.2 million and Tumon oceanfront land (former Royal Palm) sold at over $500 per square meter. Notably, USDA loan activity skyrocketed in 2010, to 81 loans, up from only 18 deals in 2009. Ironwood Heights and Sagan Bonita affordable housing projects were both successful in 2010 while the Ysrael’s are quietly building a 180 unit apartment complex in Tumon
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FREE OF CHARGE To those looking for properties
637-7165/688-0887/689-7900
W. YAMAMOTO R EALTY
List with me…I’ll Get you SOLD! W. YAM AMOTO - P RINCIPAL B ROKER HOUSE / CONDO/ LAND
MLS 10-946 Las Palmas Phase III - 3Br / 2.5Ba Excellent Condition $265K
MLS 10-2369 Pacific Garden Condo - 1Br / 1Ba Very Good Cond. $55,000
MLS 10-4014
MLS 10-2278
Tumon Heights - 3Br / 2.Ba Excellent Cond. Pool $1,900/mo
301 Route 8A - Barrigada 1,800 sq/ft 4Br / 3Ba $243,900
MLS 11-734 Yigo - Must See! New 4Br/2.5Ba $2,500/mo
8 CasaGuam March 2011
MLS 10-3944 Tamuning Office Spaces - Well Maint. 1000–2,400 sq/ft $1200-2800/mo
MLS 11-471 Alupang Cove Condo Excellent Cond. 1Br/1Ba $1,900/mo
MLS 11-328 Farenholt, Tamuning - $790K Comm Bldg w/ Residence on 2nd Flr
MLS 10-1501 Tamuning, Near Pia Marine 8,644.50 ±SM R2 $1,093,000
MLS 11-531 Villa Rosario Condo - Dededo 3Br/2Ba Pool $1,900/mo
MLS 11-801 Barrigada Heights - Must See! 4Br/2Ba House Fenced $2,205/mo
MLS 10-1515 Barrigada Heights View Lot Water, Power, Sewer $330K
MLS 11-842 Summer Palace - $3,000/mo 4Br/2Ba New Kitchen, Nice Landscaping
MLS 11-690 Summer Palace - $490K 4Br/2.5Ba Completely Renovated/ Excel. Cond
MLS 11-655 For Rent – Nimitz Hill $2,600/mo 4Br/2Ba Den & Patio Ocean View
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Feature
Want a business? Buy a house. Buying A House Can Be Key If You Want To Be A Successful Entrepreneur By Rhonda Abrams, USA Today
10 CasaGuam Januar y 2011
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Feature
Pay attention when politicians start talking about making it harder to own a home because home ownership is a key factor in being able to finance your small-business dream, expand your existing small business, or keep your small business alive. Right now, both Democrats and Republicans are advocating policies that would make it far harder, and far more expensive, for most Americans to own a home. Listen closely, and you'll hear commentators on both sides of the political spectrum say that it would be just fine for America to become a nation of renters. CasaGuam.com 11
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Feature I don't agree. I've been a renter, a homeowner, and an owner of rental property. My prediction: A nation of renters would mean a nation of far fewer small-business owners. Here's why: 1. First, and foremost, virtually every small business would have a much harder time getting a business loan or business credit. Here's how it works in the real world. Your banker looks at your business plan and company's financials. But at the end of the day, banks still require a personal guarantee from a small business owner. Banks — and credit-card companies — make business lending decisions based, in all or in part, on an owner's personal financial statement and credit report. Positive home equity plays a big part in whether you will qualify to get a loan to start or expand your business. Now, even in this depressed housing market, about 57% of Americans have positive home equity, 10 percentage points less than what the Census Bureau considers the nation's rate of home ownership, according to CoreLogic. I don't know the percentage of small-business owners who also are homeowners, but I'm going to guess it's high. Home equity is one of the largest sources of American's personal net worth, thus one of the most important factors in determining whether you can get a small-business loan. 2. It would kill a lot of small businesses. I own two condos — one that I live in and one I rent out. In my home, I've made numerous improvements: installed granite countertops, hardwood floors, recessed lighting; added windows and a new wall; retiled a bathroom floor; repainted throughout. Every bit of that work was done by various independent contractors and small businesses, and most of the material was bought at small businesses.
12 CasaGuam March 2011
In my rental condo, I repaint and re-carpet every few years. In other words, I do a fraction of the work — and hire a fraction of the small businesses — for my rental unit in comparison to my home. I'm not alone. In fact, I maintain my rental unit at the high end of the market, so I invest in improvements more than most landlords. Of the nearly 22 million "non-employer" or sole-proprietor businesses, more than 10% are in construction, overwhelmingly in the specialty trades such as electrical, plumbing and painting. A lot of these small businesses
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Feature would be forced out of business if home ownership declines. These are jobs — and businesses — that can't be offshored. But they can vanish. Another 10% of sole proprietors are involved in the real-estate industry, including agents, brokers, and appraisers. Some of these may become rental agents instead or real-estate agents, but I'm guessing unemployment in this group would soar as well. 3. It would affect social stability. Home owners move less than renters, and they are more invested in their communities. From a small-business point-of-view, that means local markets are more dependable, and institutions that support businesses, such as schools, police and fire departments, are more likely to be better supported. This creates a better climate for small-business success. Now, more than at any time I can recall, the idea of home ownership is under attack. The bipartisan debt commission suggests reducing the home mortgage deduction, making home ownership less attractive. President Obama proposes killing off two agencies, Fannie Mae and Freddie Mac, that help bring home ownership financially within the reach of the middle class. It's clear that after the banking crisis and resulting real-estate meltdown in the U.S. mainland, it's time for financial reform and increased banking regulation. But let's not throw the baby out with the bath water. Let's not hurt small businesses just because big bankers manipulated the system. Maintaining home ownership means supporting small businesses. Rhonda Abrams is president of The Planning Shop and publisher of books for entrepreneurs. Her newest is the 5th edition of The Successful Business Plan: Secrets and Strategies.
AON Insurance 0675
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Barrigada $590K 4bd/3.5ba #11-649
Dededo $250K 3bd/1ba #11-396
Dededo $220K 3bd/2ba #11-780
Dededo $185K 4bd/1ba #10-3220
Mangilao $275K 3bd/2.5ba #11-602
Mangilao $299,900 4bd/3ba #11-448
Yigo $210K 3bd/1.5ba #11-51
Yigo $205K 4bd/2ba #11-358
Kaiser-Ded. $155K 2bd/1ba #11-294
Mangilao $230K 3bd/1ba #11-203
Mangilao $230K 3bd/1.5ba #11-227
Latte Plantation-Mang. $330K 4bd/3ba #10-4142
Dededo $269K 3bd/2ba #10-1505
Dededo $435K 4bd/2.5ba #11-361
Liguan Terrace Ded. $260K 4bd/2ba #10-1110
Tumon Horizon Condo $115K 2bd/1ba #11-359
Barrigada Heights $850K 3bd/2ba #06-941
Astumbo-Dededo $225K 6bd/3ba #10-3457
Comm/Multi-Family
Tun Akin Kabesa-Yigo Tecio Tumon Villa Condo $205K 3BR/1.5BA #10-2293 $600K 3bd/3ba #08-1207
Yigo $233K 3bd/2ba #11-365
Dededo $335K 3bd/2ba #10-835
Villa Rosario Condo-Ded. $142K 3bd/2ba #10-712
Villa de Oro, Mang. $140K 3bd/2ba #10-1737
Machananao,Ded $165K 3BR/1.5BA #10-3768
Tamuning $1.6M Comm Bldg #10-3511
Bradley Place Hagåtña $1.475M 18 Units #09-2306
MongMong-Toto-Maite $3M 30 Units #10-2721
Hagåtña $1,482,770 Comm Bldg #10-4166
Tamuning $4.8M Comm Bldg #08-3898
Land (House Lot & Investment)
Homes & Condos
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RENTALS
Bruce St., Agat - 3BR/2BA $2,450 (11-582) *NEW* Gloria Circle, Dededo - 3BR/2BA $1,400 (11-663)*NEW* Toto-Canada Loop, Barrigada - 4BR/4.5BA $14,000 (11-645) *NEW*
Land (House Lot & Investment)
Salisbury St., Dededo - 2BR/1BA $750 (11-468) *NEW* Gollo Crt. Perez Acres Townhome, Yigo - 2BR/1BA $800 (11-591) *NEW*
Monessa Lujan Chn.Pago $250K 1637 sq.m #10-3942
Asan $650K 7,984sm #09-1983
Chaco Rd.Yona $383K 17,108 sq.m #10-3933
Ordot-Chlan Pago $795K 24,665sm #10-4289
Oka Tower Condo, Tamuning - 1BR/1BA $1,700 Back on Market (11-644) *NEW* University Gardens C, Mangilao - 1BR/1BA $600 (11-416) *NEW* Beverly Palms Condo, Tamuning - 3BR/2BA $1,900 (11-469) *NEW* Chn. Saduc Winward Estate, Yona - 4BR/3BA Price Reduced $1,500 (10-2534)
Yigo $65K 1,853sm #10-1039
Yigo $95K 2,046sm #10-4307
Mangilao $1.049M 10,000sm #10-4121
Inarajan $55K 1,963sm #10-4302
148-C Salisbury St., Dededo - 2BR/1BA $750 Call 649-2100 Harmon Industrial Park, Dededo - 5,800sq.ft. of Commercial space for rent. Call 649-2100 Beng Beng Lane, Dededo - 3BR/2.5BA $2,200 (10-3046) S. Marine Corps Dr., Tamuning - 12,800 sq.ft. $1,299,999 (10-3512)
Rt. 1 Yigo $3,776,240 58,096sm #11-348
Tamuning $450K 1,069.41sm #10-4308
Tamuning $260K 702.24sm #10-843
Agat $648K 49,000sm #10-1802
Tun Josen Diego Rd., Yigo - 3BR/1BA $1,350 (11-116) Estralita St., Tamuning - 2BR/1BA $1,350 (10-3297) Chn. Ahi St., Dededo - 4BR/2.5BA $2,500 (10-4136) Las Palmas Phase I, Mangilao - 3BR/2.5BA $2,000 (10-4238)
Agat $12M 140,150sm #07-1156
Farenholt Ave. Tam $2.998M 10,619 sq.m #05-1050
Tumon-H zone $2.008M 4016 sq.m #06-3020
Piti $3,280,000 545,687sm #06-605
Perez Acres Townhome, Yigo - 3BR/2BA $1,400 (10-3559) Dededo Warehouse Space - Nice, well maintained Industrial Park, with drive by security. Each warehouse has loading dock. Warehouse 2 and 5. available. $4,000 (11-94) Tamuning Office Space - Excellent for hair salon business, but also great for office or retail store. $1500 (11-343) Royal Gardens Townhouse Tamuning - Very nice unit! Central location, great & well maintained complex!! Amenities include basketball / tennis courts, swimming pool, playground, post mail delivery, 2-car parking spaces asigned and 24hr security. $2800 (11-295) Yigo - All new appliances and blinds and accordian typhoon shutters. Large yard. Washer/Dryer connection on uncovered patio at the rear. Military welcome. $1350 (11-116)
Celebrating 25 Years
Yigo - A gorgeous, spanish-mediterranean style home, built and finished with luxurious materials. Underground power, storm drain systems, fully paved roads, gated and secured entrance. Enclosed garage with remote control, solid interior doors, tongue and groove ceiling, 20k generator, and so much more!! $4400 (11-289) Chn. Tun Gregorio Tugon St., Yigo - 3BR/2.5BA $2,200 (10-4238) Las Palmas Phase I, Mangilao - 3BR/2.5BA $2,000 (10-4238) Chn. Ahi St., Dededo - 4BR/2.5BA $2,500 (10-4136) S. Marine Dr., Tamuning - 600sq.ft. $1,500 (10-3794) Rt. 10 Airport Rd MSA Warehouse, Barrigada 1,100sq.ft. $2,200 (10-3118) Perez Acres Townhome, Yigo - 3BR/2BA $1,700 (10-1921)
of Real Estate Service in Guam
128 Ch. Saduc Winward Estate, Yona - 4bd/3ba $1,700 (10-2534)
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In The News
IP&E Now Offers Ultra Low Sulfur Diesel Fuel Local Government and Industry Leaders Gather to Pump First Supply n 2010 Shell North Pacific Inc. sold its retail service station network to Prospector Inc., a Philippines based company that also recently acquired IT&E on Guam and in Saipan. The new petroleum company is called Isla Petroleum and Energy (IP&E). The acquisition represented one of the largest real estate transactions in the last 12 months in the region. Twenty-eight properties were acquired across Saipan, Guam and Palau. The acquisition heralded a new entrant into the petroleum industry and a continued commitment to maintain the outstanding brand qualities of a world class combination of products and services. IP&E is continuing the tradition of excellence established by Shell. This year all twelve Shell service stations on Guam will be renovated and upgraded for customer convenience. Already known for its outstanding service the brand partnership of IP&E will bring a refreshed look and new and innovative products to consumers in the region. One of the most interesting advances already introduced by IP&E is Ultra Low Sulfur Diesel Fuel. IP&E was the first company on Guam to meet the EPA requirements for reduced sulfur diesel fuel. The product contains remarkably lower levels of sulfur and mirrors US standards at 15ppm. According to EPA estimates, with the implementation of the new fuel standards for diesel, nitrogen oxide emissions will be reduced by 2.6 million tons each year and soot or particulate matter will be reduced by 110,000 tons a year. Ultra low sulfur
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diesel fuel is easier on engines and ensures that emission control systems of vehicles manufactured after 2007 function effectively. A combination of the advanced fuel emission devices and ultra low sulfur diesel fuel reduces environmental pollution and oxides of nitrogen and soot by nearly 90 percent. Ultra low sulfur diesel fuel is expected to save $70 billion annually in health benefits, according to the EPA. In addition to energy efficient and environmentally friendly products, IP&E at their Shell branded retail service stations offers consumers a unique array of retail conveniences as well. Citibank offers payment stations in all of the Shell convenience stores and rewards their credit card customers with a 6% discount on all gas purchases. That is a savings of 25 cents a gallon at today’s prices. In addition, IT&E offers a full complement of phones and phone accessories in IP&E stores. Plus, IP&E will continue to offer innovative promotional programs like the Lucky 7 Passport which allows customers to earn Delta Skymiles and gain discounts on gasoline products and convenience store offerings. IP&E is working to extend all of these services throughout all the islands they serve. “Fueling Excellence” is IP&E’s slogan and that is why they will continue to rank number one in customer service in the Western Pacific. IP&E has entered the Guam market in a big way and are determined to make it the number one retail petroleum company on Guam.
Pictured L to R: Rick Appleton, Director of Fixed Operations, Cars Plus, Jovino Lorenzo, Jr., Senior Advisor, IP&E, Eloy Lizama, Chief Operating Officer, IP&E, Ivan Quinata, Acting Administrator, Guam Environmental Protection Agency (EPA), Albert Gurasamy, Administrator, Health Services of Pacific, Bob Perron, Managing Member, REM & Associates, LLC and Board Member, Guam EPA Board Directors, Telo Taitague, External Affairs Advisor to the Governor of Guam, Craig Thompson, CEO, MCV Broadband, Bruce Kloppenburg, President, Kloppenburg Enterprises, Inc., Fred Keller, Director of Retail Sales, IP&E, Dave McDonald, Chrysler Trainer, Cars Plus, Tom Akigami, Marketing Manager, Cars Plus 16 CasaGuam March 2011
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Profile
Certified Residential Specialist Awarded to Today’s Realty Members
Angela Camacho
Vicki Anderson-Estes
Julie Paxton
Anthony R. Godwin
ANGELA CAMACHO, VICKI ANDERSON-ESTES, JULIE PAXTON and ANTHONY R. GODWIN HAVE BEEN AWARDED THE CERTIFIED RESIDENTIAL SPECIALIST DESIGNATION BY THE COUNCIL OF RESIDENTIAL SPECIALISTS
our REALTORS® with Today’s Realty have been awarded the prestigious Certified Residential Specialist (CRS) Designation by the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of REALTORS®. REALTORS® who receive the CRS Designation have completed advanced courses and have demonstrated professional expertise in the field of residential real estate. Fewer than 38,000 REALTORS® nationwide have earned the credential. Home buyers and sellers can be assured that CRS Designees subscribe to the strict REALTOR® code of ethics, have access to the latest technology and are specialist in helping clients maximize profits and minimize costs when buying or selling a home. Angela Camacho, Vicki Anderson-Estes, Julie Paxton and Anthony Godwin are associated with Today’s Realty and are members of the Guam Association of REALTORS® (GAR). Anthony Godwin is also Principal Broker of Today’s and GAR president. Vicki Anderson-Estes and Julie Paxton are also Associate-Brokers with Today’s. The Guam Association of REALTORS® (GAR) is comprised of over 400 REALTOR® members. GAR’s offices are located in
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18 CasaGuam March 2011
Hagåtña, Guam. The GAR office can be reached at 477-4271, by email ateo@guamrealtors.com or visit GAR online at www.guamrealtors.com The Council of Residential Specialists’ mission is to recruit and retain REALTORS® and international real estate professionals seeking the knowledge, tools, relationship-building and referral opportunities they need to maximize their income and professionalism in residential real estate. Visit the Councils website at www.crs.com Today’s Realty is comprised of 40 agents, associate-brokers and staff and is located in Tamuning, Guam. The company provides real estate brokerage, property management, consulting and development services to a wide variety of clients and customers. Today’s can be reached at 649-4361 or visit them online at www.guamhome.com. The company’s principal broker is Anthony R. Godwin, CRS®, ABR®, e-PRO®, ASP®, REALTOR® and he can be contacted at 688-8198 or email anthony@guamhome.com The National Association of REALTORS® (NAR) is America’s largest trade organization with over 1 million REALTOR® members. NAR is headquartered in Chicago, Illinois.
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Guam Association of REALTORS® 2011 Inaugural Reception
GAR recognizes Immediate Past President Christopher K. 2010 GAR President Christopher K. Felix & wife, Rose Felix. Inaugural address by 2011 GAR Presi- 2011 President-Elect Liz Duenas with Felix for his tireless dedication and commitment to our her husband John Duenas Principal dent, Anthony R. Godwin REALTOR® Association over the years. Broker of RE/MAX Diamond Realty
Immediate Past President Christopher K. Felix installed Lei Unpingco, Gar Staff; Peggy Araullo Llagas, Executive GAR Past President Arnold C. Jose installed the 2011 Committee Chairs. Not in the 2011 Directors. Not in photo: Moe Cotton and Neat Officer and Shannel Mendiola, GAR Staff photo Diane Licanto Lee. Muna
118: 2011 President Anthony R. Godwin, GAR Executive 306: Passing of the gavel by 2010 GAR President Christo- 286: Immediate Past President Christopher K. Felix inOfficer, Peggy Araullo Llagas and Immediate Past Presi- pher K. Felix to 2011 GAR President Anthony R. Godwin. stalled the 2011 Officers dent Christopher K. Felix
272: Immediate Past President Christopher K. Felix recognized his 2010 leadership 190: New members installed from the following offices: Titan Realty, Today’s Realty, team with an appreciation award plaque RE/MAX Diamond Realty, Jose Realty, Century 21 Commonwealth Realty & Alliance Realty.
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From the Experts
Home Ownership: Making It Happen By Aurora Kohn, REALTOR®, Alliance Realty, LLC.
f you don’t own your own home yet, now is the time to seriously consider buying a home. The window for purchasing a home at an affordable price is rapidly closing. If you don’t act now, owning your own home may be a dream that you’ll have to wait a while to turn into a reality. People postpone starting the process of acquiring a home for a variety of reasons. More often than not, people’s belief about the state of their finances is what deters them from taking the first step towards acquiring their own home. “I can’t afford it!” or “I don’t have any money for the down payment!” are common responses. Before you snuff out your family’s dream of a home they can call their own, why not find out if buying a home is truly out of your reach? Take a trip to the bank where you have a savings, checking or a credit card account and prequalify for a residential purchase loan. Be prepared by bringing two recent paycheck stubs and evidence of any other income that you wish to be considered as well as a list of your debts and obligations. Prequalifying for a loan is really the first step towards achieving the dream of having your own home and does not cost a penny. By prequalifying for a loan, your bank can provide you with a lot of useful information, not the least of which are the different programs that are available for financing the purchase of your first home. Prequalifying for a loan also enables you to define what range of homes are realistic goals for you, budget wise. And in the event that it turns out that you cannot afford to buy a home immediately, your bank can guide you towards the steps that you need to take in order to eventually qualify for financing. Whatever the outcome of your prequalification process is, you come out of it closer to realizing the dream of home ownership. After prequalifying for a residential loan, the next step is to find a REALTOR® who will assist you in finding the right home for your family. The GUAM ASSOCIATION of REALTORS® has among its ranks qualified, dedicated and experienced real estate professionals who can guide you as you navigate your way through the various stages of purchasing a home. They can help you find the home that suits your family’s needs and budget, guide you through the process of making an offer for the home you have chosen, and assist you in finding other professionals like loan officers and escrow officers to ensure a successful closing of your home purchase. Find a REALTOR® who is organized and efficient but who also “hears” you and is available when you need them to be there for you. Submitting an offer for a house you have chosen is an emotional time for any buyer but specially so for a first time homebuyer. More often than not a buyer
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is not able to anticipate all the issues and contingencies that need to be covered by the offer. Because of this, it is very important for the buyer to have the assistance of a knowledgeable person. Your REALTOR® /BROKER can make sure that the offer you sign not only provides for all contingencies that can arise after the offer is accepted, but also ensure that the your rights and interests are adequately protected. Having your own REALTOR®, as distinguished from working with the same REALTOR® who is representing the seller, provides you with the advantage of having someone in your corner with your interests as his or her priority. As a buyer, you can have the benefits of a REALTOR® experience and knowledge at no cost. Your home is one of the biggest investments that you will make in your lifetime. And it should be. Your home shelters and protects your family from the elements. Beyond that, it is the haven that your family can look forward to retreating to at the end of a long and trying day. It is the place where they can find solace from their current trial or disappointment. More importantly, it serves as the venue for many happy and memorable experiences shared by the members of your family. Don’t deprive yourself of achieving the dream of home ownership. Take the first step and start your journey to home ownership today!
Aurora Kohn is a Realtor with Alliance Realty, located at ParaOceana Bldg. 674 Harmon Loop Road, Dededo Guam 96929, Tel. Nos. 637- 3333/34 and is a member of the Guam Association of Realtors. She invites you to send your questions/comments to romakohn@yahoo.com
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CONTRACTOR’S CORNER
Highlight on: Base Corporation stablished in 1977, Base Corporation, formerly Sammi Rock Products Inc. has been in the construction business for more than 30 years. The company aims to improve the island’s community through being one of the best companies in the construction industry. The company employees all put their minds together to be able to provide loyal, respectable service to the island community, by keeping an open mind and bright attitude. The crew is always ready for new challenges. According to company president and chief executive officer, Che Chin Hong, “I am very proud of having my crew in the company. We are one of Guam’s oldest and most reliable construction companies, and I know we can also keep this up off island too. I have been working very hard and aim to put Base Corporation at its highest peak. It is therefore an obligation to keep up with my wishes of being Guam’s best contractor.”
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HOW WE GOT STARTED :
Guam Premier Outlets
Guam Plaza
Sears
Paradise Estates
22 CasaGuam March 2011
Ladera Tower
Che Chin Hong established Base Corporation, formerly Sammi Rock Products Inc. and has more than 30 years of experience in the quarry business, development of commercial, custom residential, subdivision, hotel, warehouse and government military projects.
OUR MISSION : Customer success is our goal! Base Corporation is a leader in providing value added construction services to our customers, not only to satisfy, but to exceed their expectations. Our priority is to establish lasting relationships with our customers.
OUR VISION : Base Corporation will keep expanding its efforts to grow profitably through client needs today and develop ourselves to improve job site productivity through effective quality control, maintaining a safe work environment, utilizing highly developed techniques and better materials.
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Who Ya Gonna Call
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Classifieds M a n g i l ao
Commercial Rentals
Commercial Sales
H ag a t n a
Ta mu n in g
3rd Floor Residential and 2nd floor commercial space available. Walking distance to restaurant, courthouse and banks! Call DEE @ 727-3777
Business opportunity. Event planning business for sale in a great location. Asking $40,000. Call KAMAKA for more info @ 689-2553
D e de do
Residential Rentals
Nice house on a cul-de-sac street in Latte Hts. 4 bedrooms, 2 baths with all ceramic tiles and split a/c units per room. Newer kitchen counters and appliances. Fenced back yard. Has always been leased to military personnel for their tour on Guam. Asking $2,100 / month. Call DEANNA @ 688-2855
Ag a t
Ord o t-C ha l an Pa go
106 East Sta. Barbara, Dededo 4bed/1 ba corner house, fenced, and gated. Centrally located close to church, school and malls. Asking $1,200/month. Call MYRNA @ 488-0144
Ord o t-C ha l an Pa go Commercial space for rent. Approx 2155 sq ft. Ideal for laundromat, bakeshop, video store or retail business. Asking $2,500/mo. Please call ANGIE @ 727-2228 Commercial space for rent. Approx 850 sq ft., video store or retail business. Asking $850/mo. Please call ANGIE @ 727-2228
Ta mu n in g Tamuning Oka Plaza – 810sf - $648 / 907sf - $816.30 / 1st flr. 907sf - $1,360 Call 637-7165 / 688-0887 / 689-7900 Rocky Business Center Well Maintained Building w/ Elevator. 1000sf -$1,200/ 1,172.56sf - $1,407 / 2400sf - $2,800 Call 637-7165 / 688-0887 / 689-7900 Tamuning Commercial Spaces 500 sq ft ~ 2400 sq ft. Asking $1.15/sqft + common area. Please call 637-7165 / 688-0887 / 689-7900
Tu mon Fountain Plaza for Rent: Finally prime commercial space in the much desired Fountain Plaza. Own your very own business amongst the likes of many long time established busibesses already patroning this plaza. Where can you go wrong, San Vitores road frontage with ample space, there are no lossers and YOU are the winner. Asking $2,700/mo. Please call DANIEL @ 687-5422 Cozy Karaoke Bar on the second floor in the heart of Tumon Bay at very reasonable price. Equipped with Karaoke system with 2 TV monitor, ice box, beer cooler, Split A/C, ceiling fan and 100% back-up generator. Asking $2,000/month. Call MIHO @ 687-7198 26 CasaGuam March 2011
1br / 1ba house, close to schools, stores, beach and church. Asking $600.00. Call 649-8265 or 888-7447
Tumon – Dai-Ichi Condo – 3b/1b, 3rd floor. $1,300/mo. Section 8 OK. Please call 637-7165 / 688-0887 / 689-3333 / 477-7042 Tumon Heights Court - Very Nice 3bd / 2 ba, corner unit, excellent condition, pool. good location. Asking $1700/m. Please call 637-7165 / 688-0887 / 689-3333 / 477-7042 Tecio Tumon Villa: Nice two bedroom two bath condo located in Tumon. Condo is just a walking distance to the beach, stores, restaurants and nightlife. Asking $2,100/month. Call VIC @483-7518
3 bedroom / 2 ba house, close to schools, stores, beach and church. Asking $1250.00. Call 649-8265 or 888-7447
Flora Pago Condo - Awesome 2bd/1.5ba unit w/a redone kitchen, ceramic tiles on the first floor & Berber carpet from the stairs to the 2nd floor. Swimming pool on the grounds. Basic cable, telephone and internet also included. Asking $1700/mo. Please call JEFF @ 777-2227
Asan
P i ti
Tumon 2bd / 2 ba + Den. excellent condition. Asking $1200. Please call 637-7165 / 688-0887 / 689-3333 / 477-7042
Asan Beach House Newly Renovated, Fresh paint and ceramic tiles. Asking: $2,200.00/mo. Call FRANK @ 479-4663
2br/1ba apt close to Port Authority of Guam , NavSta, Polaris, store, church, park and beach! Ocean Breeze Apartments $600. Call 649-8265 or 888-7447
Tumon Holiday Manor ; 4 bedroom, beatifully furnished with pool and BBQ area, near beaches. Asking $3,800/month. Call VICKI for a showing @ 687-3558
Asan 3bd./2ba. Ocean Views Newly Renovated - All ceramic tiles. New a/c's. Asking: $1,900.00/mo. Call FRANK @ 479-4663
B ar r i g a d a 2b/1b, near Subway with water $830/mo. Please call 637-7165 / 688-0887 / 689-3333
D e de do Dededo – 2br / 2ba Ester Gdn(formerly Ester Villa) Apt is near McDonalds NCS and Finegayan Elementry School. This is a must see complex with nice floor plan, central a/c, accordian typhoon shutters, refrigerator, stove/oven, washer & dryer. Sec 8 OK with one month fully paid security deposit & utilities in tenants name. Shows Very Well.$850/mo. Please call 637-7165 / 688-0887 / 689-7900 Great spacious house located near Paradise Estates. 5bd/3bth. Section 8 okay with full security deposit. Call 646-9870/1 Villa Rosario - Large 3BR 2BA Pool/Tennis $1,900. Call 637-7165 / 688-0887 / 689-7900 3Bd/2Bd/1Bd located near schools/church/store and front of park Semi-Furn. Sec.8 & Military OK. Pls. leave message at 632-1200
M on gm on g- To to -Ma i te 2BR 1BA $800 Good Location near Shop 4 Less. Please call 637-7165 / 688-0887 / 689-7900
Ta l ofofo Ipan Talofofo 3 bd House for Lease: Live on this quiet street and enjoy the views, and the breezes. This 3 bedroom 1.5 bath has all ceramic tile, split a/c units large windows, typhoon shutters and security System Installed. Water included and the furniture can stay or be removed by request of the Tenant. Asking $1950/month. Call DEANNA @ 688-2855. MLS 10-1400
Ta mu n in g Daichi Condo 3BR Pool, Security $1,300/mo Call 637-7165/688-0887/477-7042 Large 4BR 3BR Good Location Only $1,350 Call 637-7165/688-0887/477-7042 Tamuning behind GPO - 3 bedroom 2 bathroom, 2nd floor, stove / refrigerator. Asking $800.00. Call CORAL SEA REALTY 649-6088 Beverly Palms Condo; Newly Renovated 3bd./2ba. 2 Story Townhome Asking: $1,750.00/mo. Call FRANK @479-4663 Ypao Apartments 2bd./1ba Directly across Ypao Beach Asking: $1,250.00/mo. call FRANK @ 479-4663
Happy Landing Road, Tumon 3bd, 2ba, Condo : Enjoy your island paradise in this 2nd floor unit within walking distance of Tumon Beaches. Complex has a pool and the unit is all ceramic tile, central a/c and accordion typhoon shutters. Asking $1,900/month. Call DEANNA @ 688-2855 MLS 10-133 Tumon Penthouse for Lease: A Rare Penthouse, Oceanview unit is now available. This large 2 bedroom 2.5 bath Condo was upgraded and is in like new condition. Security, Full Back-up Generator, Pool, 2 parking all go along with your desire for the ''good life'' while on Guam. Water included. You CAN have the dream. Asking $3,800/month. Call DEANNA @ 688-2855 MLS 10-744 San Vitores Terrace Condo: 3bd/2ba, 3rd floor unit with oceanview, upgraded unit with new carpets, pool, security and basic cable TV. $1800. Call Coral Sea Realty 649-6088
Y ig o
Tu mon
Perez Acres: 4 bedroom, 2 bath with pool & playground. Corner unit. Asking $1,900/month. Call SANDY @ 687-6006
Popular Pia Marine 2 bedroom 2 bath units available for Month to Month Rentals. Utilities/Furnitures included with cleaning services. $2400.00. Call Nick @ 689-2939.
Perez Acres: 3 bedroom / 1.5 ba townhouse with extra room great for family room or office, gated and secured community, pool, mail delivery. Asking $1900 . Call CORAL SEA REALTY 649-6088
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Classifieds Residential Sales Ag a n a H e i g h t s Cliff Condo 2BR 2BA Lease Reduced $47,900 Call 637-7165 / 688-0887 / 689-7900
B ar r i g a d a
In a ra ja n 2 bedroom / 2 bath on a living area of 800 sf and 5,526 ± sm lot. Fixer upper home on a beautiful beach front property, over an acre in size. There is already Power&Water if you would like to rebuild. Asking for $628,054. Call DEANNA @ 688-2855
M a n g i l ao Opportunity Knocking.... Buy the home you deserve! Newly renovated 4BR/2BA home with a snazzy kitchen, fenced and waiting for YOU to move now! Asking $445,000. Call DEANNA @ 688-2855 4BR 2BA Near Happy Market 1800SF Only $243,900 637-7165 / 688-0887 / 689-7900
D e de do Newly built Dededo home with 3bed / 2ba house with car covered garage, typhoon shutters, ceramic tiles, nice kitchen, fenced and gated. Asking for $219k. Please call MYRNA @ 488-0144 DEDEDO Multi-Family House located in front of Dededo Park, Library and Mayor's Office. Lots of nearby schools, markets and churches. Income Property with fully occupied and screened Tenants. Property located in a corner lot with fence. This is a wise choice of investment property. For sale by owner. Call now and lv msg at 487-1862. Las Palmas Phase I Great 3bd / 2.5 ba Townhouse style condo. Great for first time home buyer or investor. Complex includes Pool, playground, BBQ cabanas and night security. Asking $195,000. Please call DEANNA 688-2855 Pacific Garden Large 1BR 1BA Condo Excellent Condo $55K 637-7165 / 688-0887 / 689-7900 A nice 3bed/2ba house completely renovated in 2008 with ceramic tiles, french windows and security grills, waiting to be your home. Located in a quiet neighborhood that's perfect for raising a family. Priced to sell at $169,000. Call MYRNA @ 488-0144
Latte Heights House with 3 bed / 2 ba, ideal location with carport, fully fenced, gated, spacious yard with patio. Asking $200,000. Please call ANGIE @ 727-2228
TAMUNING Executive 2 Storey and Spacious House for Sale by Owner. Great location beside Cost-U-Less Tamuning and Guam Premium Outlet. Great lifestyle and community environment with 5 bd/3ba corner lot; nice sized bd on 1st and 2nd flr; luxurious master suite w/ jacuzzi spa tub; quality granite staircases; hardwood railings; crown molding all over the house with open spacious kitchen and stainless steel appliances. Dream home and a good investment! Please call owner/lv msg at 487-1862.
Tu mon M on gm on g- To to -Ma i te
Land For Sale C h a la n Pa go Chalan Pago LAND FOR SALE Great Investments with Lots of Potentials Near Front Road Zone C More than an Acre Size Lv Msge 632-1200
D e de do Dededo Land 18585± Very Nice $85,000 637-7165 / 688-0887 / 689-7900 Dededo Land with 830± sm with R-1 Zoned and minutes to NCS with paved access. Asking $45,000. Call YUMIKO @ 688-7791
HA R M O N Exceptional 3bd and 3.5 ba home waiting for that special family to fall in love with. Enjoy the view, separate refrigeration and stove for the person who enjoys cooking, the pool and the great central location. Asking $630k Call JUDY @482-7775
Ord o t-C ha l an Pa go Quiet, Private, and centrally located 4 bedroom 3 bath house on a 1/2 acre lot. this would be great if you enjoy your privacy and appreciate being close to shopping malls, grocery stores, and schools. Asking $315,000. Call JOYLYN @ 4885069 for a showing. MLS 10-2077 Apusento Gardens Condo : Great price with seller financing. Just like you pay monthly rental, without bank fees. Downpayment is required. Asking $105k. Call JAMES @482-0498
Ta l ofofo Talofofo Homes for Sale: Great starter home on large lot with fruit trees. Outside kitchen and laundry room with metal roof attached to house. Asking $85K. Call LIBBY @ 686-2627
Priced to SELL! Rare Tecio 2 bedroom 2 bath unit for only $265,000. Ocean View, 909 sq ft. Fee Simple Call Nick @ 6892939 for easy showings.
Y ig o Yigo Duplex, income producing 3bd/2ba each unit on half care lot. Only minutes to AAFB Asking $298k. Call ROWENA @ 777-4317 Don't miss out on this very well priced 4 bedrooms with 2.5 ba with 1,687 sq ft at the end of a quiet culdesac in Marianas Terrace in Yigo. Price REDUCED to $169,000. Call RENEE @ 777-7071
P i ti Turner Rd. - Channel 10 - (Nimitz Hill) Piti. 151,508 sq. meters of unobstructed ocean views Asking: $2,300,000.00 Call FRANK @ 479-4663
S an t a R i t a
Yon a Winward Hill Estates: Lovely 4 bedrooms / 2.5 ba with beautifully upgraded kitchen and bathrooms, nicely appointed living & dining spaces & bedrooms. Large, well maintained yard with lots of gorgeous plants, flowers, trees and a cozy verandah & spacious tool shop in the middle of it all! Come see this beauty in Yona. Asking $289,000. Call MARILOU @ 988-5600
Ta mu n in g Private and secluded Tamuning 3bed/1ba house with partial ocean and city view. Recently painted and upgraded with ceramic tiles, french windows and accordion typhoon shutters. Fenced and gated, and comes with 4 split A/Cs'. Asking only for $229K. Call MYRNA @ 488-0144
Presently being used by owner to store vehicles. Property is View lot next to last lot below Airport Exit Traffic Light on Pangelinan Blas Street in Harmon/Tamuning. Axcess is paved road with side-walks, water and sewer. Power is up to adjacent lot below. Asking $490,000. Please call 6377165 / 688-0887 / 689-3333 / 477-7042
Baza Gardens 3bd./2ba 1,600 s.f.Extended with game room. Asking $175,000.00. Call FRANK @ 479-4663 Baza Gardens - $169,000 - Best Deal! 3 BR 2BA corner lot home in great condition - call for details...Asking $169,000. Call LIZ @ 687-0911
MLS - 10-1088 Santa Rita Land, 2,023 + / -sm, A - Zoned, Mountain View, Paved access. Asking $99,000.00. Call DENNIS @ 727-3815 MLS - 09-2086 Santa Rita Land, 1,003 + / -sm, Paved access. Panoramic Ocean view. Asking $129,000.00. Call TOM @ 688-8196
Ta l ofofo MLS - 10-2308 1,041 + / - sm, level topography, paved access, A - Zoned, Fee simple Asking $49,000 Call JEFF at 777-2227
Y ig o Great Price! LOT 4,417 +/- Sq Meters. What more can you ask for. Fairly level property with utilities near by. Asking $80,000. Call JOYLYN @ 488-5069 for a showing.
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Closing
Message from the Executive Officer When Is a Real Estate Agent a REALTOR®? By Peggy Araullo Llagas
real estate agent is a REALTOR® when he or she becomes a member of the National Association of REALTORS®, The Voice for Real Estate®, the world’s largest professional association. The term “REALTOR®”is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and abides by its strict Code Of Ethics. Founded in 1908, NAR has grown from its original nucleus of 120 members to more than 1 million today. NAR is composed of REALTORS® who are involved in residential and commercial real estate as brokers, salespeople, property managers, appraisers, counselors, and others who are engaged in all aspects of the real estate industry. Members belong to one or more of 1,700 local associations/ boards and 54 state and territory associations of REALTORS® and can join one of our many institutes, societies, and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections. REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America’s property owners, the National Association of REALTORS® provides a facility for professional development, research, and exchange of information among its members. Locally, REALTORS® are members of the Guam Association of REALTORS®; these are professionals you need by your side to work with you in becoming a homeowner. Ask if your agent is a REALTOR®. Visit our website at www.guamrealtors.com.
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G.A.R. Executive Officer Peggy Llagas Awarded AEI Scholarship he Guam Association of REALTORS® is pleased to announce that Executive Officer Peggy Llagas has been awarded the William D. North AE Institute Scholarship by the National Association of REALTORS® Executive Committee to attend the Association Executive Institute (AEI). The scholarship covers the cost of tuition and expenses.
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GAR President Anthony R. Godwin noted that GAR recognizes and appreciates Peggy’s achievements in her representation at the National level and her continuing efforts to advance the mission of the Guam Association of REALTORS®. Anthony went on to note this is the second consecutive year that Peggy has been awarded this scholarship to the AE Institute. Congratulations Peggy Llagas. Well deserved, and congratulations from the Management and Staff of CasaGuam Magazine. 28 CasaGuam March 2011
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