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CONTENTS
Message From GAR
Departments 4
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7
Market Report Median House Price Soars to New High Feature Betting On Guam Real Estate The Military Buildup Needs A Strategy For ‘Rising
JUNE 2011 • Vol. 4 • No. 6
Development Costs’ And ‘Staying Power’
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P.O. Box 24881 Barrigada, GU 96921 Tel: (671) 472-3495 | Fax: (671) 472-3498 email: office@yellowpagesink.com
Our Environment A Brighter Solution Profile Accomplished and Still Going Pat Feore
|Publisher| |Business Sales Manager| Jay-R S. Dominguez
|Display Advertising| Darrell T. Pereda
|Traffic/Circulation Manager| Josie Redmond
20
From the Experts The Marketing Mix Applied to Real Estate
|Production Manager| Mark S. Burke
|Graphics & Layout| Mark S. Burke
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How to D.I.Y DIY Home Improvement For Beginners: The Basics of DIY
26
Contractor’s Corner Highlight on: WATTS Constructors
25
Who Ya Gonna Call?
30
Classifieds
32
Closing Guam Association of Realtors®
Jon Barnhart Edwin Valencia
|Editorial Contributors| Faye Varias Creative Services Anthony Godwin W. Nicholas Captain Peggy Araullo Llagas Shaina Santos Daniel Calvo Adam Brown Benedict Smythe Cover Photo: Mark S. Burke
Equal Opportunity in Housing
CasaGuam is Published by:
Message from the President By Anthony R. Godwin e-pro®, CRS®, ABR®, ASP®, AHWD®, REALTOR®
S
o… Why isn’t my home or condo/apartment renting or selling? You’ve probably heard that the two major factors that affect sale or lease of a property are price and time on market. However, there’s a very important third factor…Condition! Homes that are in good condition, tastefully painted and staged move faster. We in the real estate industry call this the WOW factor. Keep in mind that buyers and renters are looking at multiple homes these days…and start their search online...looking for photos. The first homes that are typically eliminated are the properties with no photos. Next in line for elimination are those properties with poor photos or poor presentation. The list gets narrowed until the buyer/tenant has a list of just the properties to be viewed. Then the buyer calls a REALTOR® to schedule showings of the ‘short’ list of properties… ultimately choosing ONE. If you are looking to get your property on that ‘short’ list, call your REALTOR®, today, and ask your REALTOR’S® advice to properly prepare your property for sale or lease. Residential Market Snapshot January 1, 2011 through April 30, 2011 REALTORS® reported just 55 single family homes sold during the first four months of 2011 compared to 75 single family homes sold during the same period in 2010. The average single family home price was $263,000 during the four months compared to $251,377 for the same period last year. Homes sold faster this year at just 166 days on market compared to 193 days last year. Out of the 55 homes that sold there were 19 homes that sold between $150,000 and $249,999 and 13 homes sold between $250,000 and $349,999. The condominium market produced 50 sales in the four month period ending April 30th, with an average days on market slightly longer than the single family sales at 172 days with an average sales price of $190,222. Condominium sales activity was similar to 2010 where 47 units were sold in the same period at a slightly lower average sales price of $185,228 and a higher days on market at 192. Onward with the Rental Market! Single Family and Condominium/Townhome/ Apartment Rentals for the 4 months ended with 489 units leased. Days on market was slightly under 70 days from list date to move in. The average monthly rental rate for ALL condominiums/townhomes and apartments leased during the period was $1,538.00 and for ALL single family homes was $2,157. See you next month… Celebrate Family. Seize the day!
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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Market Repor t
By Nick Captain
Median House Price Soars to New High Increasingly Strict Lending Guidelines Contribute To Decline in House Sales
A
ctivity Update –
Mixed signals dominate the housing sector as the median price of a Guam single family home soared 18 percent from a year earlier to $260,000, pushing the affordability index into increasingly unaffordable levels. The Guam median home price is now 53 percent higher than the national average of $170,000. The median price has doubled during the past decade, “…partially due to market recovery and partially due to a change in product mix”, according to Captain Real Estate Group President Nick Captain. The median price increase occurred as transaction activity has slowed significantly with only 118 units closing during the first quarter of 2011, reflecting the slowest pace in 8 years (except for 113 units sold during peak of financial crisis in Q1 2009). Stricter lending guidelines are one factor contributing to what could be Guam’s first major housing crisis in 20 years as federal regulators have
4 CasaGuam May 2011
proposed rules that will likely boost interest rates and fees on many low-down payment loans. Families looking to enter Guam’s homeownership market have also been recently hit by massive utility connection fees and increasing utility costs, further eroding the ability to pay mortgage costs. As housing costs soar, the inventory of vacant housing becomes an increasingly critical component of projecting future demand. However, while GHURA’s recently completed $350,000 Comprehensive Housing Study estimates vacant housing units at 9,125 (2009), the federal government’s recent free estimate reflects 2,800 units, a difference of over 300 percent. As the number of housing units sold declines, the inventory of unsold units is increasing to unhealthy levels. Based on Q1 2011 sales volume and a Multiple Listing Service capture rate of approximately 40 percent, the inventory of unsold homes on Guam reflects nearly 15 months, compared to just 6 months on Oahu.
Condominium sales volume during the first quarter of 2011 surged to nearly $13 million. This past quarter included 9 units sold at prices above $500,000, as the high-end market continues its recovery from the recent lows in 2009. The condominium sector has been reflecting less volatility due to increasing investor confidence in Guam’s economic future. During the first quarter of 2011, overall quarterly real estate sales volume on Guam exceeded $100 million for only the second time since mid 2008, and quarterly islandwide sales volume reflected 60 percent growth from a year earlier. The sales volume was boosted by the closing of the former Hotel Okura property in Tumon, which sold at a price over $20 million. Future aggregate sales volume figures are likely to be impacted by foreign investment trends, which have been rebounding primarily due to progress on the military build-up. However, the impact of the triple disasters in Japan on Guam’s real estate market remain unclear.
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Louisa Wessling
Christina Au
Trini Sarmiento
Associate Broker
Associate Broker
Associate Broker
727-8400
888-8626
687-8340
lmwessling@teleguam.net
christinat@guam.net
triniguam@yahoo.com
MLS#11-186 TALOFOFO - $249K 3br/2.5ba w/Custom features
MLS#11-1296
MLS#11-1567
MAITE - $189K Agana Oceanview Condo 3br/2ba
YIGO $252K 3br/2.5Ba on 1/2 acre lot. Family room, Living room & kitchen
DEDEDO - $205K 4 bedroom, 1.5 bath on big lot with lots of potential.
MLS#10-3245
MLS#11-1515
MLS#10-3958 YONA - Windward Hills Golf Course $475K 4br/3ba wonderful features & scenic view
MLS#10-1736 PITI - LAND $500K 8000sm. Excellent road frontage property with high visibility for any business
DEDEDO - NCS $200K Renovated 5br/3ba. Fully fenced
MLS#10-1969
DEDEDO - $220K 3br/2ba Newly painted! Corner lot w/fenced yard appointed w/concrete decorative wood looking table, benches & covered BBQ pit.
IPAN TALOFOFO - $295K 4BR/2BA on 1587 sm lot. This home fronts the main road in Ipan, & has a large area untapped in it's rear up a hill
DEDEDO $350K Large 4br/3ba home on 3,000+sm lot. Fully renovated with masterbed suite, jacuzzi and more!
4br/3.5ba on half acre lot. Separate kitchen with mosaic back slash. 2 car carport. Marbles tiles.
Improved 2br/2.5ba unit. Centrally located.
TAMUNING - LAND $550K 1/2 acre w/ 4br concrete house.
MLS#10-3237
MLS#10-3008 YIGO - $2,300/mo
MTM - BONITA VILLA CONDO $145K
MLS#10-1954
MLS#11-1480 TAMUNING - TRIPLEX $439K Investment opportunity! A studio unit, a 3BR,1BA unit & a 4BR,2BA unit.
MLS#11-397
TAMUNING - $230K 3br/2ba on 600sm R2 zone lot.
SINAJANA - $1,700/mo 3BR/3BA. Delightful home with open floor plan.
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 - $1.6M Golden Motel 26 Rooms, Fee simple land improvements, equipment and generator.
TAMUNING Commercial Space ($.030 per sqare foot)
YIGO - $360K
Warehouse/Storage space
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.
($0.2 per sqare foot) Over 30,000 sqare feet, fee simple, negotiable, Motivated seller. MLS#10-4002
CHALAN PAGO - $235K or Rent $1,300/mo Central location. Cozy 3 bedroom, 2bath home.
6 CasaGuam May 2011
Call Christina!
888-8626
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FRee OF CHARGe To those looking for properties
637-7165/688-0887/689-3333
W. YAMAMOTO R eALTY
List with me…I’ll Get you SOLD! W. YAM AMOTO - P RINCIPAL B ROKER HOUSE / CONDO/ LAND
MLS 11-1268
MLS 11-1917
Horizon Townhouse- 3Br/2.5Ba Very Good Cond. $1,300/mo
TamuningYpao Gardens Condo 2Br/2Ba FF, Ex Cond. $1,500/mo
MLS 11-531 Villa Rosario Condo 3Br/2Ba Ex. Cond. $1,650/mo
MLS 11-1913
MLS 10-4014
Las Palmas Phase II 3Br/2.5Ba T/hse Ex. Cond. $1,650/mo
Tumon Heights - 3Br / 2Ba Pool Ex. Cond. $1,750/mo
MLS 11-471
MLS 11-842
MLS 11-1923
MLS 11-326
10-3946
Alupang Cove Condo - Renovated 1Br / 1Ba Ex. Cond. $1,900/mo
Summer Palace - Lg. C-Type Hse 4Br/2Ba Ex. Cond. New Kitchen $2,800
Summer Palace - 4Br/2Ba Sale - $460K or Rent -$2,800/mo
Tamuning Beverly Palms 3Br/2Ba $234K or 2Br/1.5Ba $174K
Tamuning Office Spaces - Well Maint. Across Airport Road 2,400 sq/ft $2800/mo
MLS 11-254 Gi Papa Ladera - 3Br/2Ba Tumon - $119K
MLS 111-2116 Tamuning Sabana Plaza 3Br/2Ba 1,560 SqFt $160K First Floor, Ex. Cond.
MLS 09-1301 Pia Resort - Large 2Br/2Ba Ocean View FF $2,100/mo
MLS 11-527
MLS 11-113
Dededo Pacific Gardens Condo 1Br/1Ba $55K
Las Palmas Phase III $265K 3Br/2.5Ba plus 2Den Ex. Cond.
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Feature
Betting On Guam Real Estate
By Adam Brown www.guambuildupnews.com
The Military Buildup Needs A Strategy For ‘Rising Development Costs’ And ‘Staying Power’
hile the Guam military buildup is certain to bring changes to the real estate market, many technical aspects of the transfer of the U.S. Marines from Okinawa are still uncertainandmayaffecttheisland market,accordingtoChrisMurphy, owner and principal broker of The Real Estate Professionals. 8 CasaGuam May 2011
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Add the fluctuations in the regional economy, local government decisions and rising costs for labor, material and vacant land and real estate investment in Guam can become an even harder bet, Mr. Murphy told GuamBuildupNews.com. "Clearly one of the most important items to follow will involve the availability of construction materials and labor," Mr. Murphy said. "As more and more projects come on line, finding qualified contractors and laborers will become a major challenge, and if you do find them, be ready for an increase in both material and labor costs." While the Department of Defense is organizing the transfer of at least 8,600 Marines and their dependants and support staff from Okinawa to Guam no sooner than 2016, contractors involved in the buildup estimate at least 10,000 workers will be needed, mostly for the construction. The more than $10 billion to be spent on the transfer may also affect costs of everything from lumber to cement to hammers and nails. A March 24 "pre-decisional" policy document authored by U.S. Marine Corps Pacific Division policy director Bryan Wood and obtained by GuamBuildupNews.com also hints that the final elements of the buildup could be in place only after 2016. It also raises the possibility of increasing the number of troops to be transferred to 9,700 and says the $10 billion price tag will probably rise. A delay in the buildup, Mr. Murphy said, would hit hardest the developers who have focused on high-end real estate. "Projects currently in the ground or recently completed would be challenged to meet the carrying costs necessary to maintain the property until the market warrants its sale or rental," if the buildup is delayed by a few years past 2016, he said. "Depending on the staying power of the developer, prices may reflect substantial reductions should lenders require a reduction of their outstanding debt. Developers of high end properties need contingency plans in place." Any change to military off-base housing allowances, although less likely, would have a dramatic effect on the Guam real estate market, Mr. Murphy said. Housing allowances run from $1,918 to $2,700 a month for military personnel living off base, plus utilities and other allowances, and are set to raise rental rates on Guam which, for single-family homes, average about $1,900 a month. Any change in military off-base housing allowance policy stemming from the increasing military presence on Guam could have a sharp impact. Between 20 percent and 28 percent of military personnel will likely live off-base, according to a real estate study by the Guam Housing and Urban Renewal Authority. Mr. Murphy said off-base living trends are subject to change and more military personnel may opt to live off base. "Understanding the current military presence on Guam and the trends involving off-base living (both rental and purchase) are critical to making the right investment decision," he said. "Another indicator will be the cost of vacant land," Mr. Murphy said. "As we approach the so called buildup date, property owners looking to cash in will increase the cost of vacant land, which in turn, will make it impossible for developers to build affordable housing in the price range of $250,000.00 to $350,000.00." Besides the military, investors should watch the local government to "determine what new guidelines and rules are being implemented that would have a direct impact on the development of both residential and commercial properties throughout the island. Issues here include approval processes, infrastructure costs and fees, and government incentive programs." And "investors looking to get involved with Guam's future development should continually monitor the Asian markets," Mr. Murphy said. Japan and Korea, in particular, have been drivers of both investment and tourism on Guam. "All of that could result in higher development costs and higher prices for the end user, which may leave more people out of the housing market in the future," he said. CasaGuam.com 9
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Our Environment
BE A GREASEBUSTER AND HELP KEEP OUR ISLAND GREEN & CLEAN By GRESCO e all know we’re not supposed to pour used cooking oil, bacon fat, or other grease products down the drain, but we do it anyway. And GRESCO knows it happens anyway because we are often called to open kitchen drains when they get clogged, and remove globs and globs of solidified cooking grease. We recently replaced some kitchen pipes for a remodeling project and peered through a section of drainpipe after it was removed. A layer of solidified oils and fats had reduced the width of the pipe to only 3/4 of an inch. It was only a matter of time before a small piece of food lodged itself in the grease and caused a clog! Even if you run lots of hot water and soap down the drain while pouring the oil, it’s still going to collect on the pipe walls and turn into a sludge that is hard to remove from your pipesoften requiring high-pressure water jetting. But if we’re not supposed to pour greasy and oily substances down our drains, then what do we do with them? Here’s what you can do: Keep a sealable container like a peanut butter jar or pickle jar (either glass or plastic if you’re afraid glass will break) near your sink, and after the oil has cooled enough (especially if you’re using a plastic bottleyou don’t want to melt the plastic), carefully pour
W
the grease into the jar. When the jar is full you can throw it in the garbage if it’s small, or drop it off at any one of GRESCO’s locations.* You can also use the grease in a compost heap if you have one, or take it to our local landfill. Contact Guam Waterworks Authority or Guam EPA for more information on how to properly dispose of used cooking oil and grease. During the Great Depression, families would often re-use their cooking oil several times before discarding it; and during WWII, families used to save their bacon fat in jars and donate them to the war effortwhere factories would use the fat to create glycerin for explosives. Today, you can still use your cooking oil more than once if it was lightly used and you strain it through a fine mesh strainer or cheesecloth. GRESCO has developed a recycling program and drop-off points for used cooking oil to be safely disposed of and recycled as fuel. Each household is allowed to drop off up to five gallons of used cooking oil per month; free of large food particles (bones, solid fat particles, etc) and other debris such as paper, plastics, and Styrofoam, at any of our several locations throughout the island. Be a GREASEBUSTER and help keep our island green and clean.
TO HELP STOP FOG 12 CasaGuam May 2011
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RPAC Fundraiser
RPAC stands for REALTOR® Political Action Committee. Our themed fundraising “REALTORS® Retro Night” was held April 27th 2011 at Ralphy’s Lounge. ily Untalan wins Pages Ink’s Em Retro Era Award” Below: Yellow the of n tio nta se the “Best Repre
mittee ident Elect and RPAC com Below (L to R): 2011 Pres Past President te edia Imm , nas Due C. member, Elizabeth Elmore onal and State Director, Christopher K. Felix, Nati Niu. T. fen Stef t iden Pres t Cotton and Pas
Above (L to R): GAR Executive Office r, Peggy Araullo Llagas, Federal Political Coordinator and Legis lative Committee Chair, Marilou Lacson, GAR Vice Presi dent, Clare Delgado, GAR Director, Neat Muna, C21 Commonwealth Staff, Cue Gustilo, C21 Commonwealth REALTOR® Geri Cordova.
Right (L to R) GA R Executive Offic er, Peggy Araullo Hana Hong, C2 Llagas, 1 Re Vic Reyes, C21 alty Management REALTOR®, Realty Manage me nt ® Gina Flores Taitin Ryan Mummert, Today’s Realt REALTOR , y REALTOR®, gong, C21 Comm onwealth Realt ® y REA LTOR
Left (L to R): Jay-R Dominguez, CasaGu am Magazine, Noli Villaverde, C21 Com monwealth REALTOR®, Cue Gustilo, C21 Common wealth staff, Retro Award winner, Emi ly Untalan, Geri Cordova, C21 Common wealth REALTOR®, Clare Delgado, GAR Dire ctor
llo cutive Officer, Peggy Arau Above (L to R): GAR Exe Licanto Lee e Dian ir, Cha ee mitt Llagas, RPAC Com ony R. Godwin and GAR President, Anth
14 CasaGuam May 2011
Above (L to R): RP AC Lee, Irene Cruz, Su Committee Group, Diane Licanto e Biolchino, Clare Delgado and GAR President, Anthony R. Godwin
® ociation of REALTORS Above (L to R): Guam Ass f Staf and Executive Officer
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MLS# 11-1873
Dededo Only $170K
Umatac $2,400/mo
Great price for a nice starter home with a little TLC needed in Kaiser, Dededo. Owner in process to take care of minor repairs and cleaning. Sold in ''AS IS'' condition.
Talk about gorgeous view! Have the Bay at your back yard. Enjoy this 4 bedroom 2 Bath renovated home in southern Guam. House has approximately 1700 sf of living space. This is opportunity will not last. Price Negotiable
MLS# 11-1353
Joylyn MunozAnderson
Irene Cruz REALTOR
®
797-2109 icruz@remaxguam.com
Barrigada $1,500/mo
Mangilao $1,900/mo
Centrally located 3 bed 2 bath house for rent! House has 1500 sf of living space and great size yard for kids to run around. Section 8 ok with security deposit and good references.
Nice upgraded 3bd, 2 bath home with office/den area in Latte Hts. Open floor plan, high ceilings, family rm, covered patio and partially fenced landscaped yard.
REALTOR®
488-5069 jmunoz@remaxguam.com
MLS# 11-1637
MLS# 11-675
Asan $1,900/mo MLS# 11-1381
Hagåtña $4,000/mo Relax and enjoy breathtaking sunsets from your penthouse balcony. Centrally located and steps away from the beach. One of the only a handful of buildings with 100% back up generator and back up water supply.
Enjoy the comfort of living in Asan on hilltop,with partial ocean view from the balcony,good family neighorhood,good storage space,patio, carport and much more...
Dededo $54K
MLS# 11-1721
Tamuning $2,200/mo Location! Location! Location! Upgraded nice furnished unit in Tamuning, close to Payless grocery store, GPO mall, restaurants & movie theaters and much more.
Yogita “Payal” Hemlani REALTOR®
482-5263
Gina Campos Assoicate Broker
687-8885
Quiet location, flat easy lot with 2,026 sq. mtrs. Looking for potential? Look no more, here it is at only $54,000. Utilities are on the paved road.
gcampos@remaxguam.com
phemlani@remaxguam.com
MLS# 11-2041
MLS# 11-676
Tumon $90K
Yona $366K
Tumon View Condo, Wonderful 2bd/1bath in the heart of Tumon. Live close to the beach and shopping centers. Only $90,000
Newly built homes as you enter Yona village. Minutes from Hagatna. Great open floor plan, lots of storage. Beautiful tile work, large master bedroom. Two car garage. Only $366,000
MLS# 11-1871
MLS# 10-4322
Barrigada $299,790 Perez Acres $225K & $205K MLS# 11-1618
MANGILAO $120K
Patricia Feore REALTOR
®
688-6989 pfeore@remaxguam.com
Developer’s special! Across golf course and just minutes from downtown. Fast growing area with many attractive homes in neighborhood.
Income-producing. Popular with military tenants. MUST SELL – Owner leaving island for medical reasons. MLS # 11-1861 and MLS# 11-1606
MLS# 11-1605
YIGO $375K TWO for the price of ONE! What a deal! Acre lot with dual access, a huge main house, Quonset storage, and a self-contained residential extension.
MLS# 11-1861
Brand new hse, 3bd/2ba 1,757sf on flag lot Barrigada Village, master walk-incloset, high pitched roof, foyer entry, solid wood kitchen cabinets, granite counter tops, inside laundry room, porcelain floor tiles, 2 car carport, lots of storage space. 4 split a/c units & accordion typhoon shutters.
Price Reduced!
MLS# 11-462
Alupang Cove Condo $1,900/mo
MLS# 11-1653
Barrigada $1,999,999 Investment property-2story Commercial bldg fronting Rt 8 w/elevator. Monthly income of $13,750. 6 units on each flr, 1,254sf to 1,362sf, 12 units total bathroom in ea. Fully occupied except 2 units, 1 on ea flr also available for rent. Generator hookup ready w/house plus addtl' land space back of bldg.
Talofofo $1,575,000 Four(4) parcel properties 94,456sm. fronting Talofofo Route 4A, direct access to property. Front lot consist of 5,257sm Commercial zone. All others are R1 zone.
Jean Sablan REALTOR®
898-2112 jeans@remaxguam.com
MLS# 11-462
Dededo-Multifamily $350K
Beachfront with Ocean view from living, dining and bedroom. In excellent condition. 1 bedroom.
6 Bedroom 3 Bath MLS# 10-3800
MLS# 11-551
Patricia Feore REALTOR®
SINAJANA $1900/mo
688-6989
Ronald Pangilinan
Kaiser-Dededo $220K
REALTOR®
Custom-designed house on the hills of Sinajana with commanding views. Just 3 minutes from rpangilinan@remaxguam.com Hagatna.
687-8871
pfeore@remaxguam.com
MLS# 11-755
Upgraded three bedroom one bath. Please present all reasonable offers. MLS# 11-601
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Chalan La Chanch, Yigo $428K
Santa Rita $1,500/mo Country living with ocean view! Live at the end of the road within 10 minutes to Naval Station. Can be furnished or unfurnished. Owner will consider Sec 8 with good references and full security deposit.
Mature trees surrounding this brand new 4bd/3ba home give it the feeling of a more established neighborhood! Master bedroom opens to spacious back patio.
MLS# 10-4057
Libby Pier REALTOR®
Inarajan $415K Here'a your chance to own beachfront property down south in beautiful Inarajan! Adjacent acre also for sale.
686-2627 lpier@remaxguam.com
MLS# 11-1988
Evelyn San Gil Burke
Chalan Ayuyu, Yigo $68K 858 sm lot
REALTOR®
488-2703 eburke@remaxguam.com
MLS# 11-375
MLS# 11-2093
Great half acre lot for your new home. Breezy and lots of pavement for those inevitable fiesta parties.
Tamuning $519K
Agat $150K MLS# 11-238
Mangilao $1,500/mo Fronting Rt15 2nd floor office space available. Two seperate office room, one full bath with kitchen.
Commercial Building for sale (Leasehold). Building includes Yoon's Laundromat (First Floor), Two 2 bedroom / 1 bath units (Second Floor).
MLS# 11-940
Mangilao 2.2M Great Location Fronting Rt 15. 2 Story Commercial Bldg With Lots Of Potential.
Ki Myong Song REALTOR®
929-5398
Talk about location! Check out this fantastic 3BR 2.5BA home off Ypao Road with designer kitchen, corian countertops, jacuzzi tub in the master bedroom, plus a full back up generator. Showings are by appointment.
MLS# 11-1333
Yona $80K Large arcel of land available for farming, or development. Owners are motivated to sell, call for details!
Sinajana $1,700/mo Spacious 2BR home centrally located in Sinajana, conveniently minutes to Hagatna and Naval Hospital.
sblas@remaxguam.com
MLS# 10-4275
Barrigada Heights $350K Now $345K Consider taking a look at this great 4 bedroom 2 bath home, conveniently with 2 accesses. Home sits in a cul-de-sac with great neighbors. A must see
Large home in Windward Hills for a growing family. Great for first time home buyers. Lot is huge with many fruit bearing trees, fenced and gated. Call agent for more details.
MLS# 11-1371
MLS# 11-857
Yona $255K or rent for $1700/mo
Tamuning For Rent: $2450 For Sale: $385K
Barrigada $4,000/mo MLS# 11-1342
Yigo $205K Now $199K
Jodee Duenas
Great investment unit in REALTOR® Perez Acres with POSITIVE CASH FLOW. jodeeduenas@remaxguam.com 3 Bedrooms 1.5 BA Bonus: 2% credit to Buyer if offer comes in full price! For more information
727-5633
and pictures go to www.showmeguam.com
MLS# 11-1633
REALTOR®
888-3221
ksong@remaxguam.com
MLS# 11-2062
Shawn Blas
Secure, Quiet, Sophisticaton and Quality surround you and your family at Colina de Barrigada. Backup Generator, common area Pool and Ocean Views 3 bd/2.5 bath
MLS# 11-1199
Las Palmas Phase I $1,900/mo Great complex with family friendly environment. 3 bd & 2.5 ba. 2 units available for $1900 each. Clean and ready for you. MLS11-87 and 10-301
MLS# 10-4101
Near Sheraton Hotel, this 3 bd, 2 bath with inside Laundry is in a great location. Will have a full block fence and gate within 30 days. MLS #11-1634 and MLS# 11-1630
Deanna Palmer REALTOR®
688-2855 dpalmer@remaxguam.com
MLS# 11-1630
Dededo $2,000/mo Villa Carmen - $565K
MLS# 11-2074
Liz Duenas
This fully furnished 3 bedroom 2 bathroom house features a brand new kitchen, renovated bathrooms, ceramic tiles, and perimeter fencing. Yard maintenance included.
Tastefully done - this home offers YOU all the touches you have been looking for 2 story Executive Home in a gated community - MUST SEE!
MLS# 11-2123
Coleen Blas
Assoicate Broker
REALTOR®
687-0911
Santa Rita - $125K
lduenas@remaxguam.com
Breathtaking ocean views from this lot - build your home with views from every window.
MLS# 11-2098
727-6902
Barrigada $399K
cblas@remaxguam.com
Brand New 3 bedroom 2 bathroom plus an office/den. Spectacular neighborhood/city view and convenient location.
MLS# 11-2125
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Profile
By Shaina Santos
Accomplished and Still Going Pat Feore shows that ambition and success are lifelong journeys. Though she held a degree in law when she moved to Guam 25 years ago, Patricia Feore could not practice law. Having moved to Guam from Malaysia, she explained, was a new jurisdiction. And thus, she moved into real estate. “I enjoy real estate,” she said, “Even as a law student. I enjoyed property law. I just never thought that I would be selling it. But it’s an extension of a natural interest.” Feore has been a Realtor for 12 years and is currently with Remax, Diamond Realty. You may find her advertisements that display her business motto, “Real Strength, Real Advantages,” of which she is a strong example. “I’m a very focused person. I’m very disciplined,” she said. Having overcome the odds and single-handedly raising two children, Feore calls herself a survivor. “I never think of things as challenges. I never look at things as mountains. A mountain is a challenge, right? I look at things as rocks. They’re really not challenges.” “A lot of people come into real estate thinking it’s easy money,” she said. Feore warned this is a common mistake made in her field of work. “If you want to be successful, it’s hard work. I work six full days a week. Success demands good work. It’s not necessarily hard work, it’s working smart. Working smart is the road to success. I’m a good listener, I’m responsive, I return every email, phone call. I keep my promises. Too many people don’t understand integrity.”
Patricia Feore
As far as customers go, Feore feels that, “People do not realize how impor-
REALTOR, RE/MAX Diamond Realty
tant it is to have good credit,” which she feels strongly about. “I would teach you about having good credit for free,” she laughed. She also encourages customers
Positions:
Chairperson: 2005 & 2006, Professional Standards Committee, Guam Association of REALTORS®; 2007, Military Affairs Committee, Guam Association of REALTORS®
Family:
Son, James; Daughter, Baylee; Chocolate Labrador, Buster
Voluteer:
Inafa Maolek; Unconditional Love Guam; Guam SPCA
Other:
Baccalaureate in Law, University of Malaya; Guam Listing Agent for FannieMae; Corporate REALTOR for Mobil Oil Guam, Inc. and Mobil Oil Micronesia, Inc.; Citibank N.A., First Hawaiian Bank, Bank Pacific, Victory Circle Subdivision, 2010, Tumon Bel-Air Subdivision, 2008; Member of Sales Team for Villa Carmen Subdivision, 2006 and Sagan Ipaopao Subdivision, 2001.
Awards, Etc:
Pacific Daily News Ginefli’e I Tano, “People’s Choice” 2001 through 2002; First Hawaiian Bank “Power of Yes” REALTOR® 2001 through 2002; RE/MAX International “100% Club” 2001 to Present; RE/MAX International “Platinum Club” 2005
to “Hang in there, good times will come. And never be embarrassed to call a Realtor and try.” Feore, herself, knows what it is to try. Having built a life a life for her and her now adult children from the ground up, Feore described how she came from beBut you have no idea how much emotion goes into that simple sentence. I’ve got so many stories.” Feore recalled a man who came in that wanted to rent, without ever thinking about home ownership. “I always put myself in my customer’s shoes,” she said, and described that she opened the option to him. He hadn’t been ready at the time, but a year later, he called Feore, ready to buy. “I have a memory like an elephant,” Feore laughed. Feore, however, is ready for more. “I have reached a point where I would like now to give to other people a chance to improve their lives.” She expressed that she saw an importance in higher education. “My goal in the next year or two is to set up a small scholarship fund. Ambition is very important.”
“
Feore on Casa Guam: I like it. You reach out to a wide section of the public. Your magazine actually gets picked up.
18 CasaGuam May 2011
“
coming a renter, herself, to a home owner.“I know it’s so plain to say I’m blessed.
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From the Experts
The Marketing Mix Applied to Real Estate! By Daniel Calvo
R
eal estate in Guam presents a unique opportunity. With the onset of the military build-up, many investors have turned their eye to Guam as the next big real estate investment haven. Up until 2007, the world experienced a steady increase of its financial markets. However, from 2007~2009, the world then experienced a drastic turn in both the real estate and financial markets. With the advent of year 2010, the global real estate and financial market is still recovering from the almost 2 year long recession. Any business student attending any university will attest to learning what is called the Marketing Mix, or most often referred to as the 4 P’s of Marketing. The 4 P’s of Marketing are, Product, Price, Place and Promotion. As a recent MBA graduate from the University of Guam and a doctoral in finance student from Walden University, I can attest to the effectiveness of utilizing the 4 P’s of marketing to sell a product, which is real estate. The use of the 4 P’s of marketing apply to real estate in that real estate like any other product is a product that is sellable and is desirable. Daniel Calvo holds an MBA, DBA and is a student in finance References Captain Real Estate Group (May 10-23, 2010), Captain Real Estate Group Releases Market Update. Marianas Business Journal
20 CasaGuam May 2011
THE 4 P’S OF REAL ESTATE CAN CLEARLY BE DEFINED AS: • PRODUCT: What is the product? In this case, the product could be land, a house for sale or rent or a condo for sale or rent. The product needs to be clearly defined, i.e., what is the square footage, year built, bedroom & bathroom size, etc. • PRICE: What is the property worth? Every owner would like to believe that their real estate is worth more than what it is worth. An article written in the Marianas Business Journal by Captain Real Estate Group (May 10-23, 2010), dictates that the median price for a home is now $221,000.00; this article essentially lays the median price for what a house should sell for in Guam. I currently have a house for sale in Iron Wood Estates, Dededo, priced at $188.000.00 which is competitively priced well below the median price. From a rental point of view there are some landlords who believe their 2 bedroom apartment in Inarajan is worth $1900.00, but in actuality it is not competitively priced to meet market standard. It is the job of the Realtor® to educate most landlords or seller and guide them to competitively price their real estate to sell by utilizing a Comparative Market Analysis (CMA).
• PLACE: Location! Location! Location. This could not be truer. I live in Santa Rita, and so my daily commute could be as long as 45 minutes or as short as 20 minutes. The closer the home is to a desired place the pricier the product. In this case, a home in Tamuning will probably cost more than a home in Inarajan, given the location. • PROMOTION: ADVERTISING!! The most important part of selling or renting out your home/ condo/apartment/ land. Advertising of any product is imperative for the sale of any product. Casa Guam to date is Guam’s leader in real estate advertising. The Casa Guam magazine allows its reader the ability to understand and see what is going on in Guam’s real estate market, as well as help its reader to become a more educated buyer or seller in Guam’s already tough real estate market. The use of the Marketing Mix in the sale of real estate in Guam is imperative to the success of the sale of the product. By identifying the product, competitively pricing the product, understanding the location of the product, and most importantly promoting the product, the use of the marketing mix coupled with an educated Realtor® will ensure the successful sale of YOUR home/condo/apartment or land!
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H o w To D . I . Y.
DIY Home Improvement For Beginners: î‚Še Basics of DIY
By Benedict Smythe
DIY or do it yourself is a goal-oriented hobby initiated and completed by individuals or small groups. The basic premise is that if a person learns reasonably fast and knows how to apply basic skills to projects, then the person doesn't have to hire other people to do the work for him. 2. Knowledge- certain things cannot simply be assumed- and this includes electrical systems and cabinet designs. Read all that you can about what you want to do. Limit yourself to doable ones. Making a table is doable, but replacing your living room's large chandelier on your own isn't. Learn, have fun and then go to the next task. This is the formula to successful DIY home improvement projects. In recent years, DIY home improvement has made impact in television and in the hearts of interested homemakers and professionals. The idea of improving the looks of your home using your own basic talent appeals to a lot of people. If you wish to begin your own journey in DIY home improvement, certain things have to be taken into consideration so that you can increase your success rate in any DIY home improvement projects.
3. Time- let's face it. DIY home improvement projects need a lot of time. If you can't find time for the project, then postpone your attempt first. You can reschedule next summer or during the holiday season. This would minimize clutter in your house and cut down waste materials due to expiration dates.
24 CasaGuam May 2011
5. Help- sometimes, doing it alone can be difficult. Try to find people of similar interests and start collecting 'tried and tested" formulas for DIY home improvement. On the World Wide Web, there are small yet reliable organizations that gives out DIY home improvement tips, through collaborations with companies that supply the materials to DIY enthusiasts. 6. Creativity- creativity will sustain your early attempts, and would push you to do better in future DIY home improvement projects. Being creative also means being able to go past boundaries in craftsmanship and design. You can customize if you want, being creative is a much prized quality for any DIY enthusiasts.
The basics of DIY explained: 1. Skill- the acquisition of skill in DIY is self-paced, and depends largely on your enthusiasm for the task at hand. Enthusiasm translates to willingness—the willingness to finish tasks and the willingness to learn. If you're just beginning with DIY, stick to small, doable projects that you know would be fun for you. Sustaining interest is also one key problem, so if you're improving your house with your own two hands, make sure that the part of the house that you wish to alter won't make you miserable after a few days.
It doesn't matter if you save or not. Example, if your roof fails due to thin braces and support trusses then you would be spending a lot more in repairing the damage.
Benedict Smythe - About the Author:
4. Finances- the aim is to save money and enjoy the DIY project. However, there are some DIY projects that require a lot of money. Never sacrifice the integrity and safety of your house by buying substandard yet cheap materials.
The author of this article was Benedict Yossarian. Read more: http://www.articlesbase.com/home-improvement-articles/diy-home-improvement-for-beginners-the-basics-of-diy677132.html#ixzz1NVBQkajT Under Creative Commons License: Attribution
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CONTRACTOR’S CORNER
Highlight on: Watts Constructors, LLC atts Constructors, LLC - A Weitz Company is a fast-growing construction company serving the Pacific Rim and beyond. Our expertise includes diverse areas of construction: design-build, marine waterfront, fuel systems, utilities, historic preservation, seismic upgrades and much more. With a wide range of technical capability and geographic reach, we pride ourselves on delivering quality projects within our client's budget and schedule. Watts is dedicated to developing and building environmentally responsible structures and promoting environments that improve the quality of life and work. That is why we currently employ 20 LEED Accredited employees. We are proudly affiliated with the following groups which allow us to remain connected to the quickly evolving construction industry: General Contractors Association of Hawaii, Associate General Contractors (AGC) of America, Associated Builders and Contractors (ABC), and the Society of American Military Engineers.
W
History Watts Constructors was formed in 1993 as a woman-owned small business operating primarily as a subcontractor in the San Francisco Bay Area. A merger with The Weitz Company in 2006, a national construction company, provided Watts with greater bonding capacity and resources. Watts Constructors has grown into an established provider of construction services ranging in scope from simple utility projects, to large waterfront reconstruction, and now large vertical construction projects. This growth has resulted in the establishment of offices in Guam, Hawaii, Florida, Washington,
26 CasaGuam May 2011
and Colorado. In June 2007, Watts Constructors relocated our corporate office to Honolulu, Hawaii to better serve our markets. Watts Constructors has built projects for numerous State and Federal agencies, including the U.S. Navy, the U.S. Army, and the National Park Service, in addition to private companies. During this growth, we have expanded both our office and field staff, and have built a team of experienced engineers, project managers, superintendents, and safety professionals who can respond to the challenges that often rise in construction. Watts Constructors has achieved in excess of 3.2 MILLION man-hours without a lost time incident since 2006. The Watts Safety Program has instilled a safety culture within each employee. Watts was the proud recipient of the 2010 AGC/WILLIS National Award for Safety Excellence in the Heavy Division 300,001 – 700,000 Hours. Watts was one of three finalists for this prestigious award and was named runner-up for the 2010 AGC Grand Safety Award. Additional evidence of the strength and success of Watts’ Safety Program on Guam is the team’s completion of the Replace Typhoon Damage Homes, North Tipalao project, which achieved 1.7 million man-hours without a lost time incident among the entire team, including subcontractors and vendors. For this project, Watts received the 2009 Million Work Hours Award from the National Safety Council. Watts Guam also recently received a STEP Platinum Award for Safety Excellence from the Guam Contractors Association, a recognition only awarded to companies that have shown an absolute commitment to safety. Watts Constructors just received the 2011 Dwight D. Eisenhower Award for Excellence in the Construction category from the U.S. Small Business Administration for support of small businesses. President Denny Watts traveled to Washington, DC on May 18 to accept the award at a presentation during National Small Business Week.
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Quality Products
Excellent Projects Every great project starts with a solid foundation, because so much depends on it. As proven by the North Tipalao Homes, Watts Constructors, LLC ensures that every job attests to its strength in service and personnel. The concrete materials used for this site were supplied by Hawaiian Rock Products. Whether your project is big or small, Hawaiian Rock Products will tackle it with unparalleled efficiency while using the largest fleet of equipment and an expert workforce. That’s why we’re the leader in General Construction Supplies. All of our products are produced in strict compliance with local, federal and ASTM standards. Hawaiian Rock Products supplying quality products and services to the island for over 50 years.
Building The Marianas Since 1958 1402 Route 15, Mangilao, Guam 96913 Tel: (671) 734-2971/8 • Fax: (671) 734-0990 www.hawaiianrock.com
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MARKETPLACE
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Who Ya Gonna Call
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Classifieds Commercial Rentals Dededo 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
Ordot-Chalan Pago 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
Tamuning 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
Barrigada 2b/1b, near Subway with water $830/mo. Please call 637-7165 / 688-0887 / 689-3333
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
Dededo 3Bd/2Bd/1Bd located near schools/church/store and front of park Semi-Furn. Sec.8 & Military OK. Pls. leave message at 727-6456 Great spacious house located near Paradise Estates. 5bd/3bth. Section 8 okay with full security deposit. Call 646-9870/1 Dededo Villa Rosario - Spacious 3BR/2BA W/D, Pool, Security, Mailbox $1,650.00 3Bd/2Bd/1Bd located near schools/church/store and front of park Semi-Furn. Sec.8 & Military OK. Pls. leave message at 632-1200
Hagåtña Hagatna large 2 bedroom 2 bathroom condo excellent condition $1,000 mo. Call 637-7165 / 688-0887 / 689-7900
Mongmong-Toto-Maite Nice Large - 2BR/1BA in Maite near Shop 4 Less $800.00 Call 637-7165 / 688-0887 / 689-7900
Mangilao
Tumon 2bd / 2 ba + Den. excellent condition. Asking $1200. Please call 637-7165 / 688-0887 / 689-3333 / 477-7042 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 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
4BR 2BA Near Happy Market 1800SF Only $243,900 637-7165 / 688-0887 / 689-7900 Large 4BR/2BA Renovated House 1800sf $1,900.00 Rent Call 637-7165 / 688-0887 / 689-7900
Dededo 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 727-6456. 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, Dededo – Large 1BR/1BA 1st Floor. Only $55,000 Call 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
Inarajan
Tumon 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
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
Piti 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
Agat
Upper Tumon Horizon Town House 3BR/2BA Plus 2 Balcony. Must See.. Unit Security Gate Call 637-7165 / 688-0887 / 689-7900
Yigo Perez Acres: 4 bedroom, 2 bath with pool & playground. Corner unit. Asking $1,900/month. Call SANDY @ 687-6006 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
Tamuning 3 bedroom / 2 ba house, close to schools, stores, beach and church. Asking $1250.00. Call 649-8265 or 888-7447
Asan Asan Beach House Newly Renovated, Fresh paint and ceramic tiles. Asking: $2,200.00/mo. Call FRANK @ 479-4663 Asan 3bd./2ba. Ocean Views Newly Renovated - All ceramic tiles. New a/c's. Asking: $1,900.00/mo. Call FRANK @ 479-4663 30 CasaGuam May 2011
Residential Sales 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. 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 - 3BR/2BA Excellent Condition, Pool. $1,650.00 Call 637-7165 / 688-0887 / 689-7900
Agana Heights Cliff Condo 2BR 2BA Lease Reduced $47,900 Call 637-7165 / 688-0887 / 689-7900
Barrigada 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
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
Mangilao 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
Mongmong-Toto-Maite 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
Ordot-Chalan Pago 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
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Classifieds 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
home and a good investment! Please call owner/lv msg at 727-6456. Large 3BR/2BA Excellent Condition, 1st Floor. Only $160.00 Call 637-7165 / 6880887 / 689-7900
Talofofo
Tumon
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
Nice 2 and 3 bedroom condo with panoramic ocean view and city view and waliking distance from the shops and hotels. Please call George 483-9111 Century 21 CR.
Tamuning
Yona 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 TAMUNING Executive 2 Storey 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
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 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
Land For Sale Chalan Pago 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
Dededo Dededo Land 18585Âą Very Nice $85,000 637-7165 / 688-0887 / 689-7900 Dededo Land with 830Âą sm with R-1 Zoned and minutes to NCS with paved access. Asking $45,000. Call YUMIKO @ 688-7791
Harmon 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
Piti Turner Rd. - Channel 10 - (Nimitz Hill) Piti. 151,508 sq. meters of unobstructed ocean views Asking: $2,300,000.00 Call FRANK @ 479-4663
Santa Rita 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
Talofofo MLS - 10-2308 1,041 + / - sm, level topography, paved access, A - Zoned, Fee simple Asking $49,000 Call JEFF at 777-2227
Yigo 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
By Peggy Araullo Llagas
EQUAL OPPORTUNITY IN HOUSING he sale and purchase of a home is one of the most significant events that any person will experience in his or her lifetime. It is more that the simple purchase of housing, for it includes the hopes, dreams, aspirations, and economic destiny of those involved.
T The Law
Civil Rights Act of 1866: The Civil Rights Act of 1866 prohibits all racial discrimination in the sale or rental of property. Fair Housing Act: The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin. Americans with Disabilities Act: Title III of the Americans with Disabilities Act prohibits discrimination against persons with disabilities in places of public accommodations and commercial facilities. equal Credit Opportunity Act: The Equal Credit Opportunity Act makes discrimination unlawful with respect to any aspect of a credit application on the basis of race, color, religion, national origin, sex, marital status, age or because all or part of the applicant's income derives from any public assistance program. State and Local Laws: State and local laws often provide broader coverage and prohibit discrimination based on additional classes not covered by federal law.
Responsibilities The home seller, the home seeker, and the real estate professional all have rights and responsibilities under the law. For the Home Seller: As a home seller or landlord you have a responsibility and a requirement under the law not to discriminate in the sale, rental and financing of property on the basis of race, color, religion, sex, handicap, familial status, or national origin. You cannot instruct the licensed broker or salesperson acting as your agent to convey for you any limitations in the sale or rental because the real estate professional is also bound by law not to discriminate. Under the law, a home seller or landlord cannot establish discriminatory terms or conditions in the purchase or rental; deny that housing is available, or advertise that the property is available only to persons of a certain race, color, religion, sex, handicap, familial status, or national origin.
For the Home Seeker: You have the right to expect that housing will be available to you without discrimination or other limitations based on race, color, religion, sex, handicap, familial status, or national origin This includes the right to expect: • Housing in your price range made available to you without discrimination • Equal professional service • Ehe opportunity to consider a broad range of housing choices • No discriminatory limitations on communities or locations of housing • No discrimination in the financing, appraising, or insuring of housing • Reasonable accommodations in rules, practices and procedures for persons with disabilities • Non-discriminatory terms and conditions for the sale, rental, financing, or insuring of a dwelling • To be free from harassment or intimidation for exercising your fair housing rights. For the Real estate Professional: Agents in a real estate transaction are prohibited by law from discriminating on the basis of race, color, religion, sex, handicap, familial status, or national origin. A request from the home seller or landlord to act in a discriminatory manner in the sale, lease or rental cannot legally be fulfilled by the real estate professional. The Code of ethics: Article 10 of the NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that "REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin REALTORS®, in their real estate employment practices, shall not discriminate against any person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin." A REALTOR® pledges to conduct business in keeping with the spirit and letter of the Code of Ethics. Article 10 imposes obligations upon REALTORS® and is also a firm statement of support for equal opportunity in housing.
If You Suspect Discrimination Call the Local Association of REALTORS®: Local Association of REALTORS® will accept complaints alleging violations of the Code of Ethics filed by a home seeker who alleges discriminatory treatment in the availability, purchase or rental of housing. Local Boards of REALTORS® have a responsibility to enforce the Code of Ethics through professional standards procedures and corrective action in cases where a violation of the Code of Ethics is proven to have occurred. - National Association of REALTORS® -
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