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CONTENTS
Message From GAR
Departments 4
Market Report
10
2011 Year in Review
7
In Our Community Pancakes for Charity
8
GAR Inauguration Hollywood Night Guam Association of Realtors Inauguration Higlights
10
On the Cover Featured Open House Gentle elegant charms of Bali
12
Our Environment A Brighter Solution
16
18
Profile
P.O. Box 24881 Barrigada, GU 96921 Tel: (671) 472-3495 | Fax: (671) 472-3498 email: office@yellowpagesink.com
|Publisher| |Business Sales Manager| Jay-R S. Dominguez
Libby Johnston Pier
|Display Advertising|
Preparedness is Key
Darrell T. Pereda Doris Pangelinan John Mendiola Vince Cruz Emily Untalan
Experts The Importance of Hiring a Local Real Estate Appraiser
20
March 2012 • Vol. 5 • No. 03
How to D.I.Y. Set the Mood with Light Dimmers
|Traffic/Circulation Manager| Josie Redmond
|Production Manager| Mark S. Burke
|Graphics & Layout| 21
Curb Appeal Boost Your Home's Value with Curb Appeal Upgrades
22
10 Ways to Enhance Your Home's Curb Appeal This Weekend
25
Who Ya Gonna Call?
26
Classifieds
28
Closing Guam Association of Realtors® What if REALTORS® didn’t lead?
Mark S. Burke Edwin E. Valencia
|Editorial Contributors| Faye Varias Creative Services Elizabeth Duenas W. Nicholas Captain Peggy Araullo Llagas Deniece Menez Angela Rosario (GRESCO) Ryan J. De Guzman Mark S. Burke Tina Fountain Lori Gilder Cover Photo: Mark S. Burke CasaGuam is Published by:
Message from the President By Elizabeth C. Duenas e-pro®, CRS®, CIAS®, REALTOR® Associate Broker RE/MAX Diamond Realty
H
afa Adai, We are in a state of flux with all the different news flashes regarding the military build-up. Guam has been joined by Korea, the Philippines, and Hawaii, all vying for attention to attract the Marines. We continue to get many phone calls from investors and homeowners who live off-island inquiring about the state of our economy and which information is reliable regarding where the Marines will go. One of the news releases reflect a reduction in number from the initial 8,700 to 4,700. We have our heads spinning with the different press releases. Some sources say that the press releases are not accurate, with some business owners rallying with our Congresswoman to continue pushing for the build-up. I was in Washington D.C. a few weeks ago for the National Association of Realtors Policy Meetings. We were fortunate to have congressional committee staff members share insights and perspectives regarding Congress and its 2012 issues agenda. The nation is trillions in the hole. Key issues covered the limitation on itemized deductions—no breaks for higher tax brackets, housing tax—any forgiven taxes will still be considered and that they will still be taxed. All men are created equal but not all taxes are created equal! One panel member was very candid and said that we are in an Election Year and the focus of Congress officials are in campaigning and the Elections. The problem is that there are critical tax benefits that are expiring at the end of this year which need to be addressed. Congress is considering raising the costs of mortgage loans issued by Fannie Mae, Freddie Mac, and FHA to pay for extending the payroll tax break. Another hit on home buyer's pocketbooks. Is your Credit Score Important in Buying a Home? Most definitely. . . Credit scores are critical in buying a home. What is your credit score? What do the numbers mean? So how does my credit score affect my interest rates for my loan? A Credit Score of 800-900 is flawless credit which means the borrower will be granted the lowest rate on credit cards, auto insurances and mortgages. A score of 720 - 799 is good to great credit and also allows for good rates. A score of 680 - 719 is good but not perfect, interest rates for borrowers with this credit score will be a little higher in comparison to borrowers with excellent credit. A score of 620 - 679 are fairly common and considered okay by creditors but has fewer approvals for certain loans. A score of 580 - 619 is below average and borrowers will have a difficult time securing a loan or applying for a credit card. Home Ownership Matters....Call a REALTOR® to help you through the process.
GUAM ASSOCIATION OF REALTORS®
The Voice for Real Estate on Guam Office: (671) 477-4271 • Fax: (671) 477-4275
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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By Nick Captain
Market Repor t
2011 Year in Review Market Activity Update and Trends; Lender Activity in 2011; Prevailing Market Conditions in Historical Context
I
t’s off. It’s on. It’s 50 percent. No, it’s 100 percent. No, now its just 33 percent. It’s now. It’s never. “It” (aka the Guam Military Build Up) is the $10 billion question (or is it only a mere $5 billion?) and “it” is dominating Guam’s real estate market decision making. This past year certainly reflected increasing uncertainty (we’re fairly certain about that). By late 2011, the opaque outlook and elevated risk substantially slowed activity in Guam’s decidedly undecided real estate market. By year end, the outlook for some of the most grandiose build-up related developments, looked grim.
Although local real estate sales activity fizzled by year end, annual 2011 islandwide transaction volume equalized 2010 figures. Sales in 2011 were boosted by $39.5 million combined by the former Okura and Sherwood hotel transactions. According to the latest release from the Captain Real Estate Group; aggregate 2011 islandwide sales volume increased by less than one percent from 2010, to $307.1 million. In the residential sector, the overall sales pace slowed to its slowest rate in nearly a decade, with only 542 single family dwelling (“SFD”) sales in 2011, down 8 percent from 2010 and down 30 percent from the 2007 peak. However, the annual median price of a house on Guam last year increased by over 15 percent to a record high $245,000, or about five times the median household income level. Guam “one percenters” fueled 4 CasaGuam March 2012
a recovery in the high-end residential sector with 35 sales of houses priced above $500,000 in 2011, up over 50 percent from 2010. The condominium sector reflected another slowdown in sales activity, with an anemic 57 units islandwide closing in 2011, at a combined price of $12.9 million. The annual median price of a condominium in 2011 declined slightly to $135,000.
Local real estate market conditions have transitioned toward relatively low, stabilized sales activity, tighter lending guidelines and reduced liquidity due to the on-going reassessment of risk associated with the new look ex-Futenma Guam military build-up. The build-up, now apparently downsized to 4,700 Marines and an unknown number of dependents, was originally proposed at a $10± billion cost with completion, along with 18,000 new residents, by 2014. Market sentiment regarding the build-up downsizing by up to 70 percent varies, but the shock of a massive scale back in expectations remains reverberating among local and foreign investors. As downsizing news spread by late 2011, real estate sales in the 4th quarter tanked to pre-build-up 2004 levels of around $50 million. Many recent investments designed to capitalize on the build-up, especially worker housing and industrial property, have suffered from weak demand. Other failed projects such as the four abandoned hospital cliffline towers and the
abandoned Tumon box now appear even less likely to find badly needed white knights. Additional external market demand shifts during 2011 emanated from: the repatriation of Japanese yen following the tragic March 2011 Fukushima triple disasters, historically low interest rates, European liquidity uncertainty, alternate investment opportunities and other demand side externalities. Although the shock of reduced build-up expectations is likely to dominate near term activity, investor confidence in the long-term remains positive due to the eventual military expansion which, even if the downsized completion is pushed back a few years, would still vastly improve fundamental market conditions. From the beginning to the end of 2011, Guam’s recent real estate market might best be summed up by those Grateful Dead lyrics, “Sometimes the lights all shinin’ on me, other times I can barely see”. Opaque. Uncertainty. Risk. Will President Obama calm Guam real estate investors on February 13? Stay tuned … Market Activity Update and Trends
The $307.1 million in sales volume in 2011 was equivalent to late 2005/early 2006 figures, but more than double the underwhelming 2003 total. Last year’s sales total reflected nearly 25 percent growth compared to 2009 sales. Guam real estate lending activity in 2011 reflected a 12 percent
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Market Repor t drop in transactions, and a 3 percent decline in volume, to $374.4 million. Market stability in 2011 was highlighted by Guam’s residential sector. Single family home sales reflected $141.3 million in 2011, down a smidge from the $141.7 million recorded in 2010. The condominium sector reflected $31.4 million in 2011, off slightly from the $32.2 million reflected in 2010. During 2011, the median price of a single family house hit a record high $245,000, up 15 percent from 2010 and nearly double the 2004 level. The increasing median price in recent years is substantially attributable to the change in product mix, which includes an increasing number of new (more expensive) houses compared with prior years. The flat residential dollar sales in 2011 occured along with shrinkage of 8 percent in the number of houses sold, which reflected 542 units in 2011. Unit sales volume peaked during 2006 to 2008 with over 700 houses sold annually. The 2011 unit sales volume reflected the slowest pace in a decade. High end SFD sales (above $500,000) increased over 50 percent in 2011 with 35 transactions, as wealthy individuals returned to the market. In the condominium sector, the median price decreased slightly to $135,000 in 2011, while the number of transactions declined nearly 10 percent, to 167 units. Condominium sales volume (in dollars) in 2011 was down by 3 percent to $31.4 million. The high end condominium sector stabilized with 20 transactions priced over $350,000, slightly less than 2010 activity.
Guam’s real estate market reflected explosive growth and significant price appreciation between 2004 and early 2008. Improved mid-2000s market conditions resulted from an end to recessionary economic conditions, followed by the foreign investment and speculation associated with what was previously widely reported as a $15± billion military expansion. By mid-2011, a series of negative political events and the triple disasters in Japan resulted in widespread concern that the build-up could be indefinitely delayed or altered considerably. Lending Activity in 2011 Bank of Hawaii and Citibank earned our “Comeback Lenders of the Year” award in 2011, increasing real estate lending by 70 and 86 percent, respectively, according to Captain Real Estate Group statistics. Real estate loans by these banks were still down by 30 percent compared with 2008. Bank of Hawaii, Citibank and Bank of Guam were the only lenders reflecting real estate loan growth in 2011. Bank of Hawaii’s lending growth returned the bank to a more normalized #3 market share position. In 2011, First Hawaiian Bank retained its status as Guam’s dominant real estate lender with 20 percent market share, at $76.4 million, down 8 percent from 2010. Bank of Guam continued to close the gap on First Hawaiian Bank in 2011 with real estate loans totaling $73.6 million, only four percent less than First Hawaiian Bank. The sharpest drop in lending occurred at Coast 360, down by almost 30 percent from $50 million in 2010 to just $35 million in 2011. Newly appointed CEO Dick Northey and his team are well positioned to capitalize on opportunities and increase market share for Coast 360 in the near future. Prevailing Market Conditions in Historical Context
Notable Transactions - Notable sales in 2011 included the former Okura and Sherwood hotel transactions, which reflected a combined $39.5 million sale price. Other 2011 notable sales include the largest land deal of the year, a $17.6 million Tumon beachfront site acquired by a Taiwan-based investor. Industrial sales last year were highlighted by the $2.0+ million sales of the Tamuning Industrial Park and Proline warehouse complexes. Luxury residential sales included the bulk, 8-unit sale of unsold Tasi 17 condominium units at a price of $4.1 million. Other notable sales during 2011 included Route 3 land sold at $3.0± million and Young’s Plaza commercial complex at $3.0± million.
Issues negatively impacting build-up projects included the Futenma base relocation opposition in Okinawa, massive federal expenditure cut-backs, increased construction cost estimates and other factors. The Guam military build-up process, roughly $600 million of which is already underway, is expected to dominate local economic and real estate market conditions during this next decade. Recent cyclical real estate market conditions peaked in 2007 and 2008. Along with global financial market fallout starting in late 2008, Guam real estate transaction activity (aggregate dollar sales) contracted sharply. Since mid-2009, transaction activity has fluctuated at prior cyclical low (pre-2004) levels, although price declines in most market sectors have been relatively limited. Price movement has varied by sector with some highly leveraged and build-up related speculation purchases reflecting the greatest declines. By early 2012, the combined negative impacts associated with the March 2011 triple disasters in Japan, as well as the subsequent, massive downsizing of military build-up plans, resulted in further contraction in real estate sales volume, liquidity and demand. Most recently, investor caution is widespread due to the growing frustration associated with the military build-up, global economic risks and an increase in alternate investment options. It is widely expected that real estate demand will continue to remain relatively weak in the near term, with substantial mid to long term growth possible if downsized and 4protracted military build-up activity significantly impacts economic and population growth by 2016-2018. CasaGuam.com 5
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In Our Community
The Most Important Meal Of The Day! And You Can Help Charity Too!
n February 17, Michael Camacho, President and CEO, Personal Finance Center; Shawn Wegner, Member, Cantate Community Chorus; Victor Camacho, Executive Director, Make-A-Wish Foundation Guam; and Executive Chef Montrice Shumpert, Sheraton Laguna Guam Resort on announced Personal Finance Center's Annual Pancakes for Charity fundraiser scheduled for 8 a.m. March 25, at the Sheraton Laguna Resort. The event will offer a variety of pancake dishes including some international flavors. Tickets are $25 for adults (ages 13 and up) and $15 for children and can be purchased at Personal Finance Center locations in Tamuning and Dededo. Visit www.pfcguam.com or www.facebook.com/personalfinanc center for more information. Plan to attend!
O
Above: Pancakes of every flavor prepared by the Sheraton Laguna Resort for the announcement of the Annual Pancakes for Charity event.
Above: (LtoR) Executive Chef Montrice Shumpert, Sheraton Laguna Guam Resort; Michael Camacho, president and CEO, Personal Finance Center; Shawn Wegner, member Cantate Community chorus; and Victor Camacho, executive director, Make-A-Wish Foundation Guam, sample pancakes in preparation for the annual Pancakes for Charity event. CasaGuam.com 7
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GAR 2012 Inaugural
Hollywood Night The Guam Association of Realtors celebrated the inauguration of its new leadership last month. Here are some highlights from that night.
8 CasaGuam March 2012
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GAR 2012 Inaugural
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On The Cover
Featured Open House Ipan Elegance‌ Gentle elegant charms of Bali beckon to those looking for that uniquely special home. Oceanview and an inviting lanai graced with a plunge pool and zen garden take away the cares of the day. Furnished with European kitchen cabinets, granite countertops & recessed lighting throughout. Dining room looks out to a soft bamboo curtain. Reading nook next to the study - easily convertible into a 4th bedroom. An expansive laundry room that also serves as a storage room. Hibiscus shrubs and a bamboo fence line the access. Outdoor shower so great after a day on the beach or gardening.
12 March 17, 20 2 to 4pm Open House 1
10 CasaGuam March 2012
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Our Environment
A Brighter Solution By Angela Rosario
As scientists continually strive for technology that allows us to simplify and maximize our existence, families are tasked with the burden of finding alternatives to living an effective and efficient life without bursting their budgets. Food, clothing, shelter, and energy are all necessities in the art of survival, but only the latter is ever evolving. From incandescent lighting to compact fluorescents, companies have been searching for more energy efficient and environmentally-friendly lighting substitutes for their homes and businesses. Attempts have been made, but rarely achieved in respects to truly energy efficient products, until now. After years of perfecting the science, it had been discovered that light emitting diodes (LED), which were commonly used in remote controls and computers, were able to produce an equivalent luminosity, if not exceed, of that of its predecessors. Unlike compact fluorescent light bulbs and incandescent lighting, LED lights solely employ the movements of electrons in order to produce its brightness, thus eliminating the need for a filament and harmful mercury contents. Because of this, LED lights not only use less energy, but emit less heat than that of regular light bulbs and spring lamps. Less energy used means more money in your pockets. 12 CasaGuam March 2012
LED lights not only use less energy, but emit less heat... Less energy used means more money in your pockets.
GRESCO, a locally owned company, has geared all its efforts into reducing the island of Guam, and the greater region of the Marianas' and Micronesia's carbon footprint though providing and producing environmentally conscious products and services including used oil recycling, wastewater, LPG, and lighting . Through their determined efforts to work with companies regionally and throughout the world, GRESCO is able to provide their customers with the best and highest quality products possible in manufacturing their products. Through distributing and supplying LED lights to our local homes and businesses, GRESCO continues to educate our community on the importance of working together to achieve a greener Guam.
Bulb Type
Bulb Life
Cost/Bulb
Cost of Bulbs over 30,000 Hours
Incadescent
2,500 hours
$4.90
$58.80
LED
30,000 hours
$28.35
$28.35
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Dededo $1,900/mo
MLS# 11-3477
Deanna Palmer 688-2855 REALTOR®
dpalmer@remaxguam.com
Talofofo Lot for Sale $50K negotiable
This community is great for families. Security, Pool and playground are just some of the amenities at Las Palmas Phase I. The townhouse style unit has an upgraded kitchen & bathrooms. The lighting &warm yellow color welcome you home. 3 bedrooms & 2.5 baths with all ceramic tile & central a/c. Complete w/ typhoon shutters & private patio & balcony off the Master Bedroom. Excellent Condition & ready for you.
Tamuning $2,000/mo
MLS# 12-709
Have You been looking for an affordable lot to build your dream home or homes? This is what YOU havebeen waiting for! Fairly level 1/2 acre lot that can be subdivided into 2 lots!
Alupang Cove is a great place to call home. Oceanview, pool, partial back up generator, and flat rate utilities and more. The unit is tiled and bathrooms have some upgrades. You will like what you see. Clean and ready for you to move in. Put this on your must see list.
MLS# 11-3023
Shawn Blas
888-3221 REALTOR®
Chalan Pago Home for Rent $1,600/mo
sblas@remaxguam.com
Tired of moving into places that feel like a rental? It's time You move into a place You can call HOME! Must Live In 2 bedroom Flora Pago Home.
MLS# 12-588
MongMong-TotoMaite $235K MLS# 12-286
Dededo $138K Own this beautifully renovated 2 bedroom, 1.5 bathroom townhome conveniently located close to AAFB, shopping, and schools.
Yona $160K Jump at the opportunity to own this GREAT 4 bedroom 2 bathroom starter home in an established neighborhood.
MLS# 12-518
Yigo $1,900/mo Come see this fully fenced 3 bedroom, 2 bathroom home in great condition. Spacious floor plan with split a/c's, ceiling fans, typhoon shutters and perimeter fencing.
Coleen Blas
727-6902 REALTOR®
cblas@remaxguam.com
Libby Pier
686-2627 REALTOR®
lpier@remaxguam.com
www.coleenblas.com
MLS# 11-4116
----MLS# 12-323
Dededo Ypaopao Estates for Sale $220K
Jackie Perez
777-4289 REALTOR®
jperez@remaxguam.com
Dededo Ypaopao Estates for Sale $235K Big corner lot, concrete fence/gated, very nice, high ceilings, porch!
This large 3 bedroom, 2 bath house is centrally located in the Hyundai Mongmong subdivision. This is a bank foreclosure and the 12 month right of redemption may apply.
Single story, chainlink fence/gated, enclosed porch, needs updating but in good condition, lots of potential!
MLS# 12-695
Inarajan $25K
Santa Rita $1,200/mo
Great spot for southern living. Close to the beach and Gef Pago.
Country living with an ocean view! Can be furnished or unfurnished. Owner will consider Sec 8 with good references and full security deposit.
MLS# 12-191
Yigo $369K
Yigo - Marianas Terrace for Rent $2,200/mo 3br 2ba, front duplex, fully furnished, stainless steel appliances - stv, ref, dishwasher, washer/dryer, split a/cs, beautiful yard in cul de sac. 5mins to AAFB, 7mins to NCS.
Gorgeous 4bd/3bath home tucked away in the hills of Barrigada MLS# 12-398 Anao Point. Beautifully $68K built with all the extras. Santa Rita Barrigada on the way to Fenced with remote gate $249K Admiral Nimitz Golf access, security system, Nice home in a quiet Course. 784sm, R2 zone, electric garage, water/drinking systems in neighborhood! Very fronting a paved road with place. large floor plan with lots utilities off Cepeda Way.
of storage areas. HUGE covered patio, fenced back yard.
Gina Campos 687-8885 Assoicate Broker
gcampos@remaxguam.com
MLS# 11-4482
MLS# 12-475
Dededo $1,200/mo
Irene Cruz
797-2109
MLS# 12-489
REALTOR®
Talofofo $1,500/mo
icruz@remaxguam.com
Just a walk across the street to the beach in Ipan and a couple of minutes to Jeff's Pirates Cove! Located in a quiet area with tropical trees surrounding the back yard for privacy. A very tranquil setting in God's country.
Evelyn San Gil Burke
Clean and move-in ready 3 bed/2 bath house on a fenced corner lot. High pitched roof in the living room; Laundry hookup inside. Just minutes from NCS & AAFB, schools, churches. Section 8 welcome with full security deposit and first month's rent. See it today!
MLS# 12-297
Mangilao $40K
488-2703 REALTOR®
eburke@remaxguam.com
MLS# 12-231
Cute and Cozy 2br unit in good condition. Carpet and ceramic tiles. Convenient parking is just outside the door. A little paint and this unit is ready to be occupied! Great for first time homebuyer, small family or for investment!!
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Talofofo $2,250/mo MongMong-TotoMaite $1,600/mo Nice new house in Toto with all new appliances.Please call your favorite Realtor for showings.
MLS# 11-3043
MLS# 12-571
Yigo $365K A lot of potential in this HUGE 4 bedroom, 4 bathroom HOME in Yigo. Second floor family room can easily turned into 5th bedroom with a closet.
REALTOR®
REALTOR®
688-1210
Dededo $1,700/mo
MLS# 10-3955
Vanessa Cabe
Jodee Duenas
Nicely renovated Las Palmas phase I unit for lease. Beautiful Kitchen and Baths, currently tenant occupied, call for a showing. It shows well!
vcabe@remaxguam.com
2-br townhome so roomy and with all the amenities of comfortable contemporary living – security guard, pool, tennis and basketball courts. A short stroll to Tumon.
727-5633
Dededo $242K
jodeeduenas@remaxguam.com
www.showmeguam.com
MLS# 11-3524
Yigo $335K
Santa Rita $585K
Sinajana $320K
Check this spacious 4bedroom 4 bathroom home in Yigo. Just couple minutes away from grocery stores & shopping mall. Make this home your dream place!!!
Executive Home - ocean view from the 2nd floor balcony deck - 4 bedrooms 4 baths, granite counters and floors, 2 car garage, 15KW backup generator. Also on the market for rent for $4500
Looking for a home in a central location? This is it! No traffic blues, a few minutes from the office.... 4 Bedroom 2 Bath home, jacuzzi tub, putting area in the back yard, lots of storage - Call NOW for an appointment!
MLS# 11-3322
Yona $440K
Ki Myong Song
Luxurious Executive style home in Yona with partial ocean view from the second floor balcony. This house consist of total 7bedroom and 5 bathroom.
929-5398 REALTOR®
ksong@remaxguam.com
Fully renovated and exceptionally spacious 2-br condo in the heart of Guam’s learning center. Walking distance to UOG, GCC, and high schools. Minutes from Hagatna.
MLS# 11-3897
Mangilao $349K Spacious Brand new Home with 2,000 sq. ft. of living space, granite counter tastefully done. MUST See!
MLS# 11-3697
Barrigada $1,000/mo MLS# 12-543
Tumon $2,200/mo Corner unit with exhilarating ocean & city views from every bedroom. All appliances, a wide balcony, full-capacity generator, swimming pool and secured entry.
Patricia Feore 688-6989 REALTOR®
Commercial zone lot for lease/rent fronting Route 8 Barrigada and within Route 16 and Route 10 access with lots of possibilities!
pfeore@remaxguam.com www.guamrealestatedeals.com
-MLS# 12-153
MLS# 12-328
MLS# 12-654
482-5263 REALTOR®
phemlani@remaxguam.com
Great Island living! This house is a 3 bedroom 3 bath comes with an study room, a family room and a rear storage and a huge yard with an unfinished pool. The house is currently under renovations. Renovation includes porcelian tiles,kitchen with granite counter top, fresh paint. Completion date 4/1/12.
Tamuning $3,600/mo Relax and enjoy breath-taking sunsets from your penthouse balcony. Centrally located and steps away from the beach. One of the only a handful of buildings that have 100% back up generator and back up water supply. Ammenities includes swimming pool, playground. Includes basic cable and water.
Liz Duenas
687-0911 Associate Broker
lbuenas@remaxguam.com
MLS# 12-326
MLS# 11-4421
Agat $1,900/mo You'll appreciate this large living space with yard to enjoy for those island bar-b-q style gatherings. Enclosed outdoor kitchen with split a/c unit, outdoor bath, laundry area, lots of storage space, split a/c units and ceiling fans throughout home to help cool down your power bill, only 5min. drive to Naval Station.
Green Park Condominium 3bd/2ba on 2nd floor end unit towards GW field. Kitchen need TLC. Otherwise, is in good condition. Ideal location close to University of Guam, Guam Community College, George Washington High.
Jean Sablan 898-2112 REALTOR®
jeans@remaxguam.com
MLS# 12-705
Yona $285K
Yogita “Payal” Hemlani
Kim Kardashian would totally invest in this home. Income producing, at $2200/mo and nicely upgraded NEW Granite countertops, newly painted too! Set up an appointment to show this house today! PRICE REDUCED.
Mangilao $125K
Mangilao $875/mo
Tamuning $1,900/mo
MLS# 11-4553
For more information and pictures go to
MLS# 12-570
MLS# 12-716
Absolutely fantastic home in God's Country. Located in a small new subvision off Rte 4. Very peaceful & well kept. Some amenities included are: Granite counter tops, Master Jacuzzi Tub, Walk in closet, all appliances & a/c's, security alarm, 2car garage w/automatic remote control, & a nice covered patio, great for entertaining. Call your favorite REALTOR® for a showing today.
Yigo $1,200
MLS# 11-4445
Great Unit in a Secured Community. Live in this fun Filled recreational neighborhood. Comes with Pools, Basketball court Running Sidewalk areas.
Ron Pangilinan 687-8871 REALTOR®
rpangilinan@remaxguam.com
Dededo Business for Sale $150K Looking for a business Venture? Great Business to invest on.
MLS# 12-708
MLS# 11-4700
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Profile
Preparedness is Key
By Deniece Menez
Libby Pier delved into real estate when she knew she was ready.
L
“
Libby Johnston Pier REALTOR® for RE/MAX Diamond Realty
Husband: Children: Hobbies: Motto:
Ken Pier: Marissa Quitugua (married to Vincent Quitugua), Michelle Pier, and Shane M. Pier Reading, cooking, and sailing. The Golden Rule: Do unto others as you would have them do unto you
In the future, Pier plans to continue in real estate, describing her career this way: “I love [it because I love] working with people. You get to meet so many different personalities and it’s so rewarding when you can find the perfect place for them.” She also plans to finish her home and then do some traveling.
I love working with people. You get to meet so many different personalities and it’s so rewarding when you can find the perfect place for them.
16 CasaGuam March 2012
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Libby Johnson Pier first considered joining the realty industry in the early 90’s. However she waited for the opportune time—when her children had grown and built lives of their own—until she delved into it. “[I wanted to ensure] that I could devote my entire time to learning the industry and servicing my customers,” she comments. With the encouragement of her friend Liz Duenas, Pier joined the RE/MAX Diamond Realty group and began her new enterprise. Pier is no stranger to business, having been involved in retail for over 20 years, managing stores such as Primo Surf, PIC Boutiki, and McInerny. She is also the owner of Nuts & Grains Food Store in Tamuning and has been since 1994. A foundation of achievement is seen in her earlier years as well. She graduated in the top ten at George Washington High School, was a member of the National Honor Society, and studied for two years at the University of Guam. Her history of determination and success continues in the real estate world. “My first deal has to by my most memorable because it reinforced my sense of accomplishment and that I could really do this as a career,” she says. “Each transaction is a lesson in itself because there is always something to overcome in order to make the deal happen.” When asked about the challenges she has faced in real estate, she replied that “the biggest challenges have been keeping deals together in a field where the rules are ever changing. Especially in the last few years when the mortgage crisis occurred in the states, [because] now the regulations governing all of the banking industry and real estate field have become tedious.” Pier emphasizes the role of preparation when tackling these challenges in her career. She continually advises customers to be just as prepared. “With all of the new regulations, it is best to pay down your debt and improve your credit. Keep your employment and credit records up to date and have them ready when you go to the lending institution of your choice.” Likewise, to novices in the industry and to those who are looking into real estate as a future career choice, Pier underscores more preparedness. “Most people think that real estate is a ‘get rich quick’ path and don’t realize all the work that is involved behind the scenes of any transaction. Be prepared to work whenever your customer is ready and join a brokerage firm that will train you properly.” With regard to people skills and customer service, Pier adds that “you have to learn to get your own personality out of the way and keep your emotions in check. [After all], it’s not about you, but about the people involved.”
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From The Experts
The Importance of Hiring a Local Real Estate Appraiser to Value Your Property By Real Estate Expert
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any people try to determine the values of their real estate by researching websites that value a home based on aggregate data collected through various means. While these online services can be quick and seem easy, computer generated reports can be grossly inaccurate. More often than not, computer data collected from outdated and often unreliable resources can cause issues when trying to determine a fair value of real estate in any specific market. These websites may be of some value in showing valuation trends, but can in no way replace the services of a local real estate appraiser. Highly trained professional real estate appraisers, while more expensive, can effectively determine a home's true value and also take into account variables a computer generated report can't. Desirable factors such as a highly rated school system, economic development and surrounding neighborhoods can drastically affect a home's value positively. Areas that are run down but in the midst of a gentrification process are unlikely to get a fair
appraisal from a computer model, someone untrained or out of the area. Only a local appraiser will be familiar with rising or declining valuations and building trends in specified locations. While obtaining a professional real estate appraiser to correctly determine a home's value can be critical during a divorce, to value an estate, or to satisfy a lender requirement for a mortgage, choosing a reputable local appraiser that knows their market area can mean the difference between a good appraisal and a bad one. If an appraiser does not intimately know the market area they serve, many factors used to determine a home's value can be left out of the process. Without knowledge of the current market area trends, property values given by an appraiser outside of their locale can be skewed. As banks and other financial institutions are now dealing with untenable volumes of foreclosed homes, there is a growing trend among banks and other financial institutions to hire real estate brokers to complete BPOs (Broker Price Opinion), rather than pay appraisers for a home's valuation. Although BPOs should be more accurate than computer generated reports in determining a property's value, there is considerable controversy as to whether or not these real estate agents have adequate training to complete these reports effectively. BPO services cost less than a uniform appraisal report; however, much like their computer generated counterparts, BPOs often omit crucial information. Many lenders do not even require an in-depth inspection or interior inspection of a home, for example. How can anyone hope for any
type of realistic property valuation without an on-site inspection? Appraisers are required to complete a stringent course of training through accredited educational facilities before they are licensed or certified. In some states, appraisers must also complete an apprenticeship under a more seasoned professional prior to being permitted to value property independently. A good appraiser will look at all aspects of the property, including square footage, room count, types of rooms, condition of property, lot size, neighborhood trends and comparable properties in the area that have sold recently, as well as comparable properties currently on the market. Appraisals take longer than a BPO provided by a real estate broker or online computer generated reports. But, the report from appraisers is in depth and lengthy. All variables used to arrive at the valuation are in black and white. Searching for a qualified appraiser in your area is relatively easy. Neighborhood banks and lenders are a great referral source. Searching an online directory or your local yellow pages can be another viable source as well when looking for a professional appraiser.
About the Author: Real Estate Expert How come everyone is earning from Real Estate? Want to get rich during the Downturn? Get your Real Estate Broker Price Opinion and find out how you can profit from Real Estate! TryReal Estate Riches Program and see how it changes your life ‌ Forever! http://www.articlesbase.com/real-estate-articles/real-estate-broker-price-opinion-the-importance-of-hiring-a-local-real-estate-appraiser-to-value-your-property-3503651.html Republished under 5Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License 18 CasaGuam March 2012
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Home Finance
Pathways to Home Ownership By Calvin Hernandez n Guam, most houses are constructed as one of a kind. This requires banks to
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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 is 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. CasaGuam.com 19
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H o w To D . I . Y.
Set the Mood with Light Dimmers
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eeling romantic? Working on your budget? Different activities can be greatly affected by the amount of light in the room. Soft light sets a more relaxed, comfortable feel, brighter lighting is better for reading and normal use. Rather than buying a lot of lights to use for each situation, how about installing a dimmer switch? Dimmer switches provide a fun, easy and cost effective way to control your lighting (dimmed lights use less power). Dimmers are easy to install and you can do it in less than thirty minutes, (ten if you’re a hard core DIYer). Dimmers come in four major styles; Rotating knob, touch pad, slide and combination light switch/dimmer slide. Some folks get nervous when working around electrical wires. That’s good! It is important to always turn off the power before working with these types of items. You can do that by switching off the breaker or pulling the fuse for the circuit you are working on. It can be found in your main electrical panel box. Now that you’ve taken care of the safety concerns, let’s install that dimmer switch! What you’ll need: • Wire nuts • Dimmer switch and • Dimmer switch plate And, of course, you’ll need some simple tools, • Wire Strippers • Wire Cutters • Screwdriver Now we’re ready to start!
1. Remove the old switch plate (cover) by unscrewing the two screws. 2. Remove the old switch by unscrewing the screws on the top and bottom of the switch. Now you can pull the old switch assembly out of the box
Remove The Old Switch
3. Disconnect the wires from to the old switch. (I like to keep the old switch, you never know when you’ll need it!) 4. Use a wire cutter to trim the wires just below the plastic insulation then strip off about 3/8 in. of the insulation. You now have a clean piece of wire, ready to connect to your dimmer swtich. If your dimmer switch comes with wires pre-attached, strip those wires, too.
Prepare the New Switch
5. Connect one of the black wires in the box to one from the dimmer switch by placing the bare wires next to each other. Then twist on a wire nut. Make sure that the bare wires are completely covered by the wire nut, it’s also a good idea to wrap some electrical tape around the wire nut to make sure it doesn’t come lose. Do the same for the other wires. Make sure you match the “hot”, (black), and “neutral“, (white) wires Finish by connecting the ground wires.
Connect the wires
6. Now, the hard part, (not really), getting all those wires back in the box. Bend the wires so that they fold neatly into the box then position the switch. Use the screwdriver to secure the switch into the box. 7. Install the dimmer switch plate cover. 8. Turn on the power and test your switch! If it doesn’t work, turn off the breaker and recheck your wiring. Now that everything works surprise your spouse with a romantic dinner!
A Quick Word about Polarity! Next month I’ll deal in depth with “polarity” and why it’s important; for now, I just want to turn you on to one of those handy, dandy, DIY tools that should be in your tool kit if you do any projects involving household electric current; a receptacle or outlet tester is used to verify that an AC wall outlet is wired properly. They are simple to use and quite inexpensive. You can use them to test your household outlets for problems. Go Get one! - MB 20 CasaGuam March 2012
By Mark S. Burke
Replace the Cover Plate
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Curb Appeal
Boost Your Home's Value with Curb Appeal Upgrades
By Tina Fountain
ave you ever driven up to your home and felt under whelmed by its appearance? Have you ever wondered why some homes look great while others lack zest? Do you have a favorite street you like to drive down because all the homes on it look sophisticated?
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What is Curb Appeal? If you've answered "yes" to any of the above questions, then you're the type of person who is aware of curb appeal. Curb appeal is a phrase used to describe how a home looks from the curb, or while driving by. Curb appeal can be either positive or negative. A bland-looking house might have zero curb appeal. A cluttered yard detracts from a home's beauty while a well-maintained and manicured yard boosts a home's appearance and raises its perceived value.
Why is Curb Appeal Important? Good curb appeal is essential when preparing a home for sale so that it attracts passersby. When a potential buyer drives up to your home, your curb appeal will be the first thing noticed. An opinion of your property is formed in the first few seconds of viewing it. Make those seconds count by doing some curb appeal homework. Each home on a street has the potential to add or detract from the over arching tone of the neighborhood. It only takes one or two dowdy-looking homes to bring down the real estate prices on your street. Even if you aren't about to sell your home, you can raise its prestige and contribute to the reputation of your neighborhood by boosting its curb appeal.
How Do You Improve Curb Appeal? Great curb appeal doesn't just happen. With a little artistic flair or professional guidance, you can make simple changes to your home to give it the pizzazz you're looking for. Do your neighbors a favor, or at least do yourself a favor, by looking into what changes you can make.
Here's a partial list of suggestions: Tackle and Touch-Up: No matter if your home looks a little worn from the previous owner or the ravages of time, take an inventory of needed improvements and identify steps to take that are within your current budget. Perhaps changing the home's siding isn't in the budget just now, but painting the trim might be a start. Mend and Maintain: Mend fences, gates or porches in need of repair. Fix sidewalk cracks. Replace loose shingles, rusty mailboxes or scratched and dented doors. Cut back overgrown shrubbery. Mend and maintain a lush green lawn. Professionalize and Prettify: Check out the latest landscaping trends pictured in home and real estate magazines or online, or visit a neighborhood that has had professional landscaping done in order to get a new ideas. Wide sweeping walkways and entrance-enhancing flowerbeds are key to taking your home from so-so to sensational. If you aren't talented or don't have the time or equipment for major landscaping tasks, hire a local landscaper. Conceal Clutter: Create a place for everything and put everything in its place. Put away sports equipment, bicycles and other clutter after using it. If there's no room in your driveway or garage for your trailer or canoe, rent offsite storage space. Accessorize and Accentuate: Add attractive items that are consistent with the style and colors of your home for that extra touch. Patio furniture, a garden bench, an attractive arbor, water fountain and in-season plantings add warmth and glamour. Liven with Lighting: Light up your house address numbers and walkway. Add landscape lighting to accent your home's architecture and flowerbeds. If you're about to sell your home, done well, your improvements can be the deciding factor in your home selling quicker and for a higher price than a similar home on the market. Don't settle for the same old look you're used to seeing every time you drive up to your home. Increase its value by starting with some basic maintenance and upgrades and enjoy your home even more than you already do while boosting its curb appeal. About the Author: Tina Fountain Realtors, an Atlanta Real Estate company serving the entire metro Atlanta area including Marietta Real Estate and Cobb County Real Estate. Source: http://www.articlesbase.com/real-estate-articles/boost-your-homes-value-withcurb-appeal-upgrades-4568629.html CasaGuam.com 21
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Curb Appeal
10 Ways to Enhance Your Home's Curb Appeal This Weekend By Lori Gilder
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e've all heard the saying "You only get one chance to make a good first impression." Proudly showing off your home's exterior sets the stage for what's to come, and gives the impression that it's loved inside and out. Whether you're planning to sell, or live there for years to come, there are very simple cost effective ways to spruce up your home's curb appeal. Here are some projects you can do this weekend to give your home the boost it needs. It just takes a bit of creativity and... elbow grease! 1. MAINTENANCE. Start by cleaning up your yard. Make sure
tools or equipment are neatly stored in your shed or garage. Kill any weeds poking through the cracks in the driveway and walkway, and give those surfaces a good power spray. This will clean away any discoloration and old grease stains. Remove any overgrown weeds, dead plants and flowers throughout your property. Trim all shrubs and trees particularly if they're obstructing your front door. Have your lawn mowed once a week and add sod to dead spots when needed. 2. WINDOWS. Clean windows inside and out so they sparkle
and shine. Make sure the window coverings used on the interior are not distracting from the exterior. If the style of architecture allows, install some charming window boxes planted with your favorite plants and flowers for a burst of color. 3. GUTTERS AND DOWNSPOUTS. Walk around the perimeter
of your home and make sure all your gutters and downspouts are clean and tightly connected. If they're in need of serious repair then replace them. They typically charge per linear foot. 4. PAINT. If the paint on your house looks gray, cracked and
weathered then it's time for a fresh coat of paint. Either tackle it yourself, or hire a professional to help. If cost and time are factors simply paint out the front door, window trims, shutters and any fencing in a fresh new color. 5. LANDSCAPING. Adding shrubs, flowers or container gardens add instant impact to your front yard. Create an inviting entrance by investing in a pair of architectural pots, fill them with flowering plants, and place them on the landing flanking the front door. Dig a new planting bed for flowers along the driveway or in front of your house. 22 CasaGuam March 2012
6. DETAILS. If the front of your home is void of details, then
create some! Draw attention to your entryway by adding some chunky molding. Create some visual interest by installing new window trim and shutters. You may even consider incorporating a charming new fence, trellis, or water feature. 7. LIGHTING. If your front entry fixtures are worn, cracked or rusted, replace them. Create a sense of drama by adding some low voltage or solar garden lights along your sidewalk and driveway. It's a fabulous way to provide you with extra illumination and a little added security. 8. HARDSCAPING. If you have a front porch, arbor, or trellis make sure they are in pristine condition and paint or stain the wood to look like new. Consider tiling your front doorstep creating a permanent welcome mat, or introduce a natural stone border along the sidewalk or driveway. 9. ROOFING. If you need a brand new roof then it's not a weekend project. But make sure you do replace any cracked or missing tiles or shingles where needed. A roof could potentially cover anywhere from 40%-60% of your home's overall visual appearance, so make sure it's in good condition. 10. HARDWARE. Time to shop. Replace your old front door
handle, mailbox, house numbers and knockers for a fresh new look. They don't need to be expensive pieces. Get rid of the old shiny brass hardware and introduce some antique copper, bronze or brushed nickel. Doesn't your home deserve some new jewelry? Improving your home's curb appeal doesn't need to be extensive or expensive. Some cleaning, fresh paint, accent lighting and a few new accessories may be all it needs. Take pride and enjoy it! About The Author: Lori Gilder, is an Award winning Interior Designer specializing in high-end residential renovations and additions. Lori is the CEO and Founder of Interior Makeovers Inc. and LoriGilder.com. She is dedicated to providing accessible design expertise and guidance, tailored to fit each individual homeowners lifestyle. Sign Up Now to receive your FREE copy of "How to Avoid the 15 Most Common Decorating Mistakes" Visit Lori’s Site at http://www.lorigilder.com Content Š 2001-Present ArticleCity.com (www.articlecity.com)
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W h o Ya G o n n a C a l l ?
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Classifieds Commercial Rentals
Dededo
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
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
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
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
Mangilao 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 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
Barrigada 2b/1b, near Subway with water $830/mo. Please call 637-7165 / 688-0887 / 689-3333 26 CasaGuam March 2012
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
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
Residential Sales
Tamuning
Barrigada
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.
Barrigada Large 4BR/2Ba 1800sqft. House Only 243,000 637-7165 / 688-0887 / 689-7900
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 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
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
Dededo FOR SALE BY OWNER Beautiful fully fenced, 3bd/ 3full ba, high pitched ceiling, 2car gar, central location, minutes away from airport, business establishments & more. Only 2yrs old, landscaped yard, fruit trees, shutters, 2,421sq mtr lot, very large concrete back porch great for an outdoor kitchen, etc.
Lots of extras! Developing neighborhood w/newly built homes. A MUST SEE! Lots of potential!! $338,000.00 Pls call 797-1525 TODAY! DEDEDO Multi-Family House located in front of Dededo Park, Library and Julyor'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 Beautiful fully fenced, 3bd/ 3full ba, high pitched ceiling, 2car gar, ctrl loc, DededoUhang St/Bello Rd, Minutes away from airport, business establishments & more, Only 2yrs old, landscaped yard, fruit trees, shutters, 2,421sq mtr lot, 1,440sq ft living space, 12x20sq ft open back porch, lots of extras! Developing neighborhood w/newly built houses. A must see! Lots of potential!! $340,000.00 Pls call 788-3531 & lv msg.
Inarajan
2 bedroom / 2 bath on a living area of 800 sf and 5,526 Âą 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 br / 2 ba, ideal location w/ carport, fully fenced, gated, spacious yard w/ patio. Asking $200K. Please call ANGIE @ 727-2228
Mongmong-Toto-Maite Exceptional 3bd and 3.5 ba home 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
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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 @ 488-5069 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
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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
Tamuning Chalan Pago LAND FOR SALE Great InPrivate 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 GPO. 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. Please call owner/lv msg at 727-6456.
Tumon
vestments 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
Property is view lot next to last lot below Airport exit light on Pangelinan Blas St. in
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.
Harmon/Tamuning. Access paved w/sidewalks, water & sewer. Power up to adjacent lot below. Asking $490,000. call 637-7165 / 688-0887 / 689-3333 / 477-
Yona 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
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 CasaGuam.com 27
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Closing
Message from the Executive Officer By Peggy Araullo Llagas
What If REALTORS® Didn’t Lead? (Part 2)
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If there’s any doubt about what can be accomplished through political advocacy, consider these three essential benefits REALTORS® and home owners wouldn’t enjoy were it not for the advocacy of REALTOR® association staff and volunteers.
Members and all home owners would pay more taxes
As far back as 1910—when the NATIONAL ASSOCIATION OF REALTORS®’ second present Alexander Taylor, said, “Unfair taxation is the most formidable foe of real estate”—reducing tax burdens on home owners and real estate practitioners has been a central objective. Without the advocacy of association volunteers and staff, there’d be no capital gains exemption on home sales, no mortgage interest deduction, and no special tax status of independent contractor for real estate sales people. These three benefits are under near-constant attack and are kept alive only by perpetual advocacy. NAR fought off a proposed modification of the mortgage interest deduction (MID) to pay for health care reform in 2009, and today it is fighting off more attacks on the MID as a debt reduction measure.
Fewer Americans could afford to buy homes In the 1920s, the national associations assisted the United States government in the development of the Federal Housing Administration as part of its unwavering commitment to ensuring that every American had the opportunity to attain a decent, safe, and affordable home. In the 1930s, NAR was a key player in the creation of the Home Owners’ Loan Corp. (to help distressed home owners keep their houses) and the Federal National Mortgage Association (now known as Fannie Mae). More recently, in 2008, a year that marked the beginning of a recession, NAR leaders acted quickly to lobby Washington for a home buyer tax credit. Today, NAR’s Home Ownership Matters campaign is an advocacy effort on many fronts. It encompasses not only public awareness, but also support of legislation and regulation to keep people in their homes and ensure affordability, including: tax credits, mortgage relief, increased FHA loan limits, and enhancements to programs, such as the VA Home Loan Guaranty. Most recently, NAR volunteers and staff have been fighting against the qualified residential mortgage (QRM) proposal that would require a 20 percent down payment from buyers. The practice of real estate would be far more federally regulated and dominated by banks In 1999, NAR staff and volunteer leaders prevented bank holding companies from making a percentage of their profits from commercial activities—which included real estate. This kept large, national banks from entering, and dominating, the local practice of home buying and selling. In 2009, NAR won passage of legislation to permanently prevent national chartered banks from entering the real estate brokerage and property management business. From 2006 to 2010, NAR worked to stop HUD’s implementation of burdensome RESPA rules and documents as part of RESPA reform. NAR fought to secure an exemption for real estate professionals—performing traditional real estate activities—from being subject to new Consumer Financial Protection Bureau rules, which were directed at mortgage providers. Without this exception, members would be regulated by more complex policies and procedures in addition to the existing RESPA rules, which now fall under the CFPB. It’s clear from the hundred-year history of REALTOR® political involvement that the real estate industry and home ownership as we know it today wouldn’t exist without the efforts of volunteers and staff on the local, state, and national level. The My REALTOR® Party Initiative invites all associations to take the advocacy torch passed to them from prior generations and to encourage members to continue vigorously defending home ownership. -National Association of REALTORS®The Guam Association of REALTORS® shall remain your leading advocate for promoting and protecting homeownership on Guam. Ask if your agent is a REALTOR®. Visit our websites at www.guamrealtors.com and www.guamhousingprograms.com. 28 CasaGuam March 2012
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RENTALS 102 2025 Rt. 16 Army Dr., Dededo - 950sf - $1,200 - 12-606 189 Benbing Lane, Dededo - 1,332sf - $1,900 - 12-519 355 Belen Avenue, Inarajan - 1,200sf - $649 - 12-447 Apusento Gardens Condo H309, Ordot-Chn Pago 900sf $850 - 12-410
Dededo $289K 3Br/1Ba #12-443
Inarajan $469K 6Br/3Ba #12-448
Tamuning $122K 2Br/2Ba #12-474
Yigo $589K 3Br/3Ba #12-520
Ordot-Chalan Pago $485K 3Br/3Ba #12-532
Yigo $280K 3Br/2Ba #12-561
MongMong-Toto-Maite $230K 3Br/2Ba #12-587
Barrigada $430K 4Br/3Ba #12-610
Tumon $230K 1Br/1Ba #12-704
Yigo $195K 3Br/1.5Ba #11-51
Barrigada $850K 3Br/2Ba #06-941
Dededo $178K 4Br/2.5Ba #11-4162
Dededo $210K 3Br/2Ba #12-300
Tamuning $499,999 5Br4Ba #09-1332
Tamuning $638K 4Br/4Ba #12-365
Tamuning $675K 3Br/3Ba #12-243
Yigo $129K 3Br/2Ba #11-1574
Yigo $250K 3Br/2Ba #11-4151
Dededo $265K 3Br/3Ba #12-178
Sinajana $275K 2Br/2Ba #11-4744
Tamuning $240K 3Br/2Ba #11-4145
Tamuning $299K 3Br/3Ba #11-4052
Tamuning $635K 3Br/3Ba #12-222
Tumon $118,995 2Br1Ba #12-180
Tamuning $1,000,000 Commercial #12-555
Ordot-Chalan Pago $650K Multi-Family #12-97
131 Chn Inda, Ordot-Chn Pago - 2,263sf - $3,900 - 12-537
Chn San Antonio Pomika Apartments 2-14, Tamuning 940sf $1,000 - 12-289 Marine Drive TROPICAL QUEST #106, Tamuning - 892sf $1,000 - 12-457 Governor Bradley St. 298, Tamuning - 1,500sf - $1,700 12-683 158 Francisco B. Arriola, Tamuning - 2,455sf - $4,400 12-581 122 Chn Rosan Hongyee St., Yigo - 1,100sf - $800 - 12-565 132 Chn Rosan Hongyee St., Yigo - 1,300sf - $1,300 12-566 103 Kayen Agu Macau Villa Pacita, Yigo - 2,232sf - $4,400 12-521 Las Palmas Phase III 319, Dededo - 1,850sf - $2,000 12-179 Las Palmas Phase III 326, Dededo - 1,872sf - $2,200 11-4395
Homes & Condos
Pacific Towers Condo, Tamuning - 900sf $850 - 12-665
355 South Unit B Belen Avenue, Inarajan - 1,300sf - $649 11-4334 Green Park Condo 2201, Mangilao - 1,144sf - $1,700 12-284 Alupang Cove Condo 703, Tamuning - 782sf - $1,925 11-4073 Perez Acres Townhome 8, Yigo - 1,134sf - $1,400 - 10-1921 Talo Verde, Tamuning - 2,341sf - $4,400 - 12-386 Ladera, Tumon - 1,064sf - $1,200 - 12-23 Chn Ridondo Aga, Yigo - 2,100sf - $3,450 - 12-384
LAND Chn Fangualuan, Inarajan - 1,039sm - $49,900 - 12-682 Chn Ping Pago, Ordot-Chalan Pago - 1,864sm - $65K 12-628
Commercial & Multi-Family
Route 16, Barrigada - 4,171sm - $495K - 11-1614 Route 4, Ordot-Chn Pago - 24,665sm - $670K - 10-4289 South Chn Antigo, Talofofo - 27,774sm - $475K - 07-3850 San Vitores Rd., Tumon - 9,423sm - $8,386,470 - 08-3021 Chn Binadu, Yigo - 1,858sm - $59K - 11-4068 Chn Paipai St., Yigo - 3,760sm - $120K - 11-4085
Hagåtña $1,475,000 Multi-Family #12-413
Tamuning $4,800,000 Commercial #12-458
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