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CONTENTS
Message From GAR
Departments 4
Message from the President
Market Report Market Trends
8
Feature
10
Buying A Home Making the American Dream
Profile New Kid on the Block Christopher G. Guerrero
15
16
From the Experts How Rising Rates Can Affect Your Buying Power
18
July 2013 • Vol. 6 • No. 07 P.O. Box 24881 Barrigada, GU 96921 Tel: (671) 472-3495 | Fax: (671) 472-3498 email: office@yellowpagesink.com
Home Finance Headline
How to D.I.Y. Orchid Care
|Publisher| |Business Sales Manager| Jay-R S. Dominguez
|Display Advertising| Jennifer Santos
|Traffic/Circulation Manager| Josie Redmond
|Production Manager| 20
Curb Appeal Gazebos
Mark S. Burke
|Graphics & Layout|
A Summer Meeting Place
25
Who Ya Gonna Call?
Mark S. Burke Edwin E. Valencia
|Editorial Contributors| 26
One Last Thing Foreign Investment In Real Property Tax Act (FIRPTA)
27
Classifieds
28
Closing Guam Association of REALTORS® AIDS Disclosure and Other Stigmas Part 2
2013 President, Guam Association of REALTORS®
FINANCING MADE THAT MUCH EASIER
A Reality
12
By Clare Delgado
Faye Varias Creative Services Marissa Borja Siska Hutapea Clare Delgado Peggy Araullo Llagas Bryan J.C. Sualog Jesika Artero Taitano Arlene Taitague Taitingfong Kim Anderson Young
Owning a home nowadays is much easier than you think. Local banks and lenders offer various loan programs suited to fit your needs, whether it be a no down, low down or low interest loans, they have the right loan just for you. Additionally, local developers are filling the needs of our people by providing affordable housing to those who qualify. What once were home prices considered too high for some residents is now within reach. Recently, the U.S. Department of Agriculture announced that homes in Dededo are now eligible under the Rural Development loan program. This is great news for our residents! This now offers a wider variety and a larger inventory selection for buyers who are looking to purchase homes under the RD loan program. We should be able to see a greater activity of home purchases under RD. Contacting an agent who is a REALTOR® will arm you with the tools to get you started on buying your dream home. Whether it is a VA loan, RD loan or conventional, REALTORS® are equipped with knowledge to supply you with the correct information to get you started and be with you every step of the way. Remember REALTORS® subscribe to a strict Code of Ethics that dictates how we deal professionally with you and all others. With that in mind, you’ll be assured that from start to finish, your interests and your funds will be protected. Ask if your agent is a REALTOR®. GUAM ASSOCIATION OF REALTORS®
Cover & Page 10 Photos by Mark S. Burke CasaGuam is Published by:
The Voice for Real Estate on Guam Suite 236A Julale Center 424 West O'Brien Drive, Hagatna, Guam 96910 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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Market Repor t
Market Trends 2005 – 2012
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Market Repor t
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Feature
Owning a home. It's part of the “American Dream.” Making such a huge commitment would intimidate just about anyone. However, with real estate prices dropping, now is the time to buy. “It continues to be a buyer's market,” says Gregorio “Greg” Perez, REALTOR® for Century 21 Realty Management.” Interest rates continue to be at historic lows and prices for real estate are still very attractive.”
8 CasaGuam November 2012
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Feature
Buying a Home: Making the American Dream a Reality By Bryan J.C. Sualog
Although it's still a buyer's market, Perez says he's beginning to see prices stabilize. "Despite the delay in the military buildup, the tourism market has rebounded nicely across all sectors and the government of Guam's financial situation also appears to be improving." Where do you begin? Unless you work in the real estate industry, you probably don't know where to start but here are some valuable tips to set you down the road to home ownership. The first thing you need to consider is if you're ready to commit to homeownership. With the economy in a slump, many people are moving off island looking for better opportunities. If you don't see yourself still on island in the next few years, you might be better off renting. With the transaction costs of buying a home, you run the risk of losing money selling your home after only a few years. When prices are falling like they are, you're almost guaranteed to lose money on your investment. The next thing you want to do is check your credit score. Lenders use your credit score to determine the potential risk of lending you money. The higher it is the more likely you'll get approved for a mortgage and the lower your interest rate will be. "Common sense approaches are often the best ways to improve your credit scores -- pay your bills on time; pay down quickly on consumer debts, e.g. credit card balances, and increase savings." Other ways to improve your credit score include decreasing your debt; if you're behind get current and stay current; if you're having trouble making ends meet contact your creditors or make an appointment to see a credit counselor. If you have a poor credit history, re-establish it. You can do this by opening new accounts responsibly and paying them off on time. This will raise your credit score in the long term. For more tips on how to improve your credit score, visit www.myfico.com. Many web sites claim to give you your credit score or credit report for free. Be wary of those sites. According to the Federal Trade Commission's web site, the Free Credit Reporting Act requires that each of the nationwide credit reporting companies - Equifax, Experian, and TransUnion - provide you with a free copy of your credit report once a year. To order your order your free credit report, visit www.annualcreditreport.com, or call 1-877-322-8228. Once you get your report, you'll have to wait 12 months to get an updated report. If you don't want to wait that that long, you can visit, equifax.com, experian.com, or transunion.com to purchase a copy of your report. Improving your credit may take a while but it'll pay off in the long run. A difference of just two points on a credit score could be the difference
between saving thousands of dollars or spending thousands of dollars. Buying a home is major ordeal and there is no rush. Take your time and do it right. When you finally get around to looking for a home, get help from a professional. With the advancement of technology, you could easily look up home listings on the Internet but most buyers, new and experienced, are better off using a professional. They have access to resources you don't and can help guide you when making your choice - like aiming for a home you can really afford. "An experienced realtor can often give insights that help the first-time buyer facilitate the process of buying a home--such as which specific loan officers are very responsive," Perez says. Make a list of what you want - size, location, and how much you can afford to spend. A good rule of thumb is that you can afford a home that costs two-and-a-half times your annual salary. For a more scientific approach, there are many free calculators online that you can use to help calculate how much you can afford. Before actually going out and looking at homes, get pre-approved for a loan or mortgage. "First-time buyers should get together with the mortgage department at their financial institution and try to get qualified for a mortgage loan. This is a quick way to determine how much they can afford to borrow for a house purchase. This helps to narrow the search for a house," Perez recommends. It puts you in the position to make a serious offer. Another tip some people might not know about is the assistance the Guam Housing Corporation can give to some first-time, lower-income buyers if they have good credit but have been turned down by financial institutions because of their lower income. "They can check with the Guam Housing Corporation if they can qualify for some of their programs." One last tip is to hire an inspector to go though the home and point out and potential problems that could require costly repairs. It's like buying a used car. You always want to check under the hood before you make a purchase. A house is a much bigger purchase than a vehicle, so why wouldn't you want to hire someone to tell you if you're buying a lemon or not. These are just a small sampling of tips to purchasing a home. There are countless sources on the internet that can help you get through this process and on your way to owning your very own home. CasaGuam.com 9
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On The Cover
That House on the Corner!
R
enovated 4 bedroom 2 bathroom house offers 1,403 square feet of comfortable living space. The kitchen is upgraded with granite tiled counter tops, bathrooms are refreshed and floor tiles are new. This fully fenced home, located in quiet Baza Gardens, Yona, sits on a corner lot and backs onto lush tropical greenery. $217K.
Geri Cordova
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Profile
The New Kid on the Block By Bryan J.C. Sualog
A
“
Christopher G. Guerrero Principal Broker, RE/MAX Realty Group,
Education:
Associate's Degree from College of the Canyons, Santa Clarita, California
Family:
Wife - Judy P. Guerrero; Sons - Jonathan Guerrero (18) and Anthony Guerrero (17); Daughter Caitlyn Guerrero (11)
Organizations: President of Guahan English Bulldog Club; President of Project Dog Park, Inc. With the success of starting his own venture and still making time to help the community, Guerrero serves as a model anyone new to the real estate industry or anyone looking to get into the industry. Guerrero's goals for the future include expanding RE/MAX Realty Group with the help of passionate, driven agents that share the common goal of helping all their clients to the best of their professional abilities. "Through fluctuating experiences and the fact that I love to educate and train, I am looking for real estate agents and Realtors to join in RE/MAX Realty Group and help the people of Guam achieve the Guamanian Dream of homeownership."
"Casa Guam is a quality magazine showcasing the world of real estate on Guam. It addresses current issues and gives advice, points of views and different perspectives coming from professionals in a var iety of fields."
12 CasaGuam July 2013
“
As the "new kid on the block" many might not know about Christopher G. Guerrero's new company. Guerrero is Principal Broker of RE/MAX Realty Group, which he recently established in December 2012, but he brings more than 10 years of real estate experience with him. "I've been in the business since 2001 and have seen Guam's housing market decline to record lows, where there were more foreclosures than regular homes for sale; The rise of construction and building new residential homes where the prices skyrocketed from its lowest just a couple years ago; The ups and downs of the military buildup and its effects; After the bailout, with laws being passed and banks becoming more strict with financing guidelines; And now after over a decade, the approval of the 100% RD loan program back to the village of Dededo." Prior to joining the real estate industry, Guerrero worked in banking and collections for seven years. It was after he met his wife's sister, Gina Campos, when he caught the real estate bug. "When I joined, I said to the Agents at RE/MAX Diamond Realty, 'If Gina can do it, I can do it!' which was a very bold statement to a bunch of aggressive, top producing Realtors." Throughout the years, Guerrero has established himself working for various real estate agencies before venturing out on his own. He's worked at companies such as RE/MAX Diamond Realty from May 2001 - August 2009 as a Realtor; Argent Estates Realty from May 2010 - December 2011 as a Realtor and Associate Broker; and Edge Realty from January 2012 to December 2012 as a Realtor and Associate Broker. With more than a decade of experience, Guerrero has just about seen it all. "Someone once asked me, 'What's the hardest thing about hour job?'" He says its keeping the deal together. "There are so many things that can go wrong—from pre-qualification all the way to the day of closing. Knowing what to do or how to fix issues only comes from experience and having great support and training from your broker's office." During Guerrero's time in Real Estate he's had many memorable moments but one in particulars sticks out in his mind. Guerrero had a client, with four young children, who was going through a divorce. She asked him to find her a two-bedroom rental unit in Tamuning for $650. "She had been employed for a couple of years with a stable job, but she also thought she didn't have good credit," he says. "While looking, I asked her to fill out a pre-qualification worksheet. I sent that worksheet to her three times until she finally filled it out and gave it back to me. Too make a long story short, she now owns a threebedroom/one-and-a-half bath for $700 a month and he's happy and grateful she made the decision to buy instead of rent. Every time I see her, she thanks me for the opportunity that was not even a consideration in her life." With all the work that comes with opening up a new business, you'd think Guerrero wouldn't have any free time to spare. You'd be wrong. Guerrero serves as president for both the Guahan English Bulldog Club and Project Dog Park, Inc. "What started off as a get together to mingle, share in our experiences, and enjoy the English Bulldog breed developed into an opportunity to establish Guam's first dog park through the Department of Parks and Recreations' Adopt a Park program. Continuing our efforts with contacts from Lt. Gov. Ray Tenorio and his staff, we are getting closer to this goal. We are also trying to reach out to other dog clubs and businesses who may be interested in supporting the dog park project."
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From the Experts
How Rising Rates Can Affect Your Buying Power. By Jesika Artero Taitano f you’re still undecided as to whether now is the right time to buy your dream home, consider today’s continued low interest rate environment. These rates mean lower monthly payments, which may help you make this important decision. Consider this. Many people assume that a lower sales price will automatically mean lower monthly payments. You may be surprised to learn that mathematically, affordability is more closely tied to fluctuations in mortgage interest rate than price — especially when interest rates are rising. Here’s how it works. If you’re going to finance a home, you’ll be approved for a certain maximum loan amount, which will determine just how much house you can afford. However, since that loan amount is based on prevailing interest rates, when interest rates rise, your loan amount — and buying power — goes down.
I
Here is a sample using arbitrary figures for this example only: Purchase
Down Payment
Loan Amount
$300,000
$30,000
$270,000
Loan %
Monthly Payment
3.7%
$1,250.42
4.5%
$1,368.5
Using a $300,000 purchase price and a $30,000 down payment, for a 30-year mortgage loan your monthly loan payment with an interest rate of 3.7 percent would be $1,250.42. If you wait until mortgage interest rates rise to 4.5 percent, that same house or condo will cost you $1,368.05 a month. That’s a difference of $125 each and every month! If your purchase price is $600,000, with $60,000 down, the same increase in interest rate will cost an additional $250 a month. Of course, when the rate exceeds 4.5 percent, the increase in monthly payments will be even greater. Rising interest rates can increase your monthly payment if you wait. Keep in mind a mortgage payment often includes more than the payment of the principal. Additionally, the amount you pay may also include interest, taxes and insurance. All but one of those costs is relatively stable. It is the interest rate that can fluctuate, and when it does, it can have a tremendous impact on your monthly payment. Mortgage interest rates have been at historic lows for so long now, that they are taken for granted. But the recent increase to six-month highs, raise the question, have we seen the bottom? Mortgage rates have been steadily decreasing ever since 2008 when rates were around 6 percent. They have come down as the U.S. and global economies have struggled over the past few years. Mortgage rates 16 CasaGuam July 2013
were driven down even further by U.S. Federal government measures to lower them in an effort to help the struggling housing market and economic recovery. A look back to 2000 shows the average 30-year fixed rate was approximately 8 percent, more than twice today’s average rate. Then, after the thirdquarter stock market crash in 2008, mortgage interest rates dropped to below 7 percent. The Federal Housing & Economic Recovery Act, aimed at keeping mortgage interest rates down by purchasing mortgage-backed securities brought rates down further. In 2009 they dropped below 6 percent, and in 2010, they dropped below 5 percent. But even after federal intervention ended in mid-2010, interest rates dropped again to sub-4 percent levels. Rates have been trending upward in 2013, this is partly due to signs that the economy is starting to strengthen. Also, fears that the Fed will discontinue their mortgage rate intervention as the economy rebounds has had an effect. The improving national housing market has probably been the biggest factor in pushing mortgage rates up. March’s 30-year fixed rate, according to Freddie Mac, reached 3.57 percent, the highest it has been since August when the 30-year rate averaged 3.60. My advice: don’t wait. Getting a fixed rate mortgage now, while rates are near these all-time historic lows could save your family money for years to come.
The opinions, forecasts and other views contained in this article are those of Jesika Artero Taitano, are based on her experience and knowledge of the underlying data, do not necessarily represent the views of First Hawaiian Bank or its management, should not be construed as investment, tax or legal advice, and are subject to change without notice. First Hawaiian Bank does not guarantee that the information provided herein is accurate or suitable for any particular purpose.
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H o w t o D . I . Y.
Orchid Care As part of an upcoming television production that I am working on which I’m anxious to see come to fruition – I was given a tour of the Government House – home to Guam’s First Family. First Lady Christine Calvo graciously accepted my request to feature the home and was extremely candid about the daily activities that transpire there. Among the stories she shared was about the plants that grow around the property. With care and maintenance amongst the many responsibilities she takes on when it comes to household duties, her busy schedule doesn’t always allow for the type of attention that some of the plants require. Take for instance her orchid collection. She has one area she calls the Intensive Care Unit and the other is for her flourishing orchids. And while she uses the blooms from the flowering orchids to accessorize her hair on a daily basis, she asked me a few questions as to what she needed to do for the ones in ICU. The solutions for most of them appeared simple. Watering, repotting and finally she specifically inquired about the hard water stains that have accumulated on the leaves. All of these are actually very common questions and concerns that orchid owners face, with the solutions being quick and easy: WATERING — when it comes to watering your orchid, one of the most common problems is overwatering. What you want to do is simply wait until the soil or potting material is dry to the touch, taking note of whether the drainage reservoir beneath the orchid is dry as well…and this is when you water it. Be sure to the let the water run through or else you run the risk of root rot. Proper drainage is imperative. REPOTTING — it is best to seize the opportunity to repot them right after they finish blooming. Phalaenopsis, especially the younger ones, typically thrive on repotting. Fresh orchid mix is essential for fresh new growth. HARD WATER SPOTS — it makes sense that your plants may develop hard water spots as Guam’s water is known to be high in calcium deposits. No need to feel defeated! The solution is simple. All you have to do is take the juice from a freshly squeezed lemon and apply it to clean paper towel. Use this to wipe down the leaves and they should shine up in no time. Other remedies known to work for this type of problem include milk and even mayonnaise. Since 2007, seasoned television personality Marissa Borja (Pacific Home & Garden and My Home with Marissa Borja) has been working to fill Guam's home and garden niche with stories, products and services that locals will find beneficial and relative to their lifestyle. She enjoys the creative outlet that writing and television offer in order to balance out her busy personal life as a wife and full-time mother of five. 18 CasaGuam July 2013
By Marissa Borja
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Curb Appeal
Gazebos
A Summer Meeting Place
By Arlene Taitague Taitingfong
ummer is upon us and so begins the gatherings…and the barbeques. Although this time of year we seem to have rain, one can still use the attributes of a gazebo. It enhances your outside living area and increases the value of your home. And on Guam, no weather can stop us from having an outdoor get-together! According to the Wikipedia, Gazebos are structures that are “freestanding or attached to a garden wall, roofed, and open on all sides; they provide shade, shelter, ornamental features in a landscape, and a place to rest. Some gazebos in public parks are large enough to serve as bandstands or rain shelters.” A classic example of a gazebo is the one located in the park next door to the Dulce Nombre de Maria Cathedral. What a beauty! It has stood the test of time and is still a great picture-taking place.
S
Designs: Traditional or Modern Some of the most popular designs are the Victorian style and the Pagoda style. The Victorian gazebos usually feature ornate rooftops and climbing plants. For example, the gazebo's base may be constructed with lattice-work which is the perfect support for English ivy or climbing roses. When settled within the garden, this becomes the perfect backdrop for any setting. For a romantic and secluded arrangement, consider installing tall trellises around the gazebo and hang baskets of flowers from hooks along the gazebo's rim. This style is perfectly adapted to formal English style gardens or rustic country landscapes. Pagoda gazebos usually are made of wood and left natural or painted black and red and then heavily lacquered for dramatic effect. There are many Oriental garden ornaments and plants to select to surround your gazebo for an overall great effect. Consider suspending hanging lanterns around the open sections of the pavilion or installing a small garden pond nearby filled with Chinese goldfish.
What to consider when planning for a Gazebo. As you can see, some gazebos are made of concrete, brick or wood. If you plan to have one built in your backyard, use materials that will last long and endure Guam’s weather conditions. As for design, one needs to determine how you plan to use the structure. How many people do you want to fit in it? Do you want it to be grand enough for dancing and a bandstand or quaint enough to be a nice outdoor
20 CasaGuam July 2013
meeting area for a few friends? As always, costs and the space allotted for the gazebo should be taken into consideration.
Limited Budget? Even the smallest of budgets can secure a nice gazebo for your yard. These days, one can find gazebos that are not made with the traditional materials. One can find these at retail outlets, on-line or home improvement stores. These work just as well and some can be erected or taken down when necessary. These “flexible” gazebos come in a variety of sizes and styles. These types of gazebos range from a simple 4-legged structure with a canopy to a full on structure equipped with mosquito netted curtains. I’ve seen properties where these types of gazebos are beautifully decorated with flowers along the sides, secured to a concrete foundation. Check on-line and get inspired! You will find that there are kits available and that can be easily put together. When planning your gazebo, you might want to take into consideration other elements such as lighting and seating areas. Enhance the surrounding area or the pathway to your gazebo with flowers and shrubs. One can add a stone walkway leading to the gazebo to give your yard a nice focal point. As always, do your research and check your local home improvement and retail outlets and do some on-line research to get a better idea on designs and costs. This project makes a DIY summer task that will give your home great CURB APPEAL.
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Curb Appeal
Gazebo at Plaza De Espa単a
Inarajan Pool Inarajan
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W h o Ya G o n n a C a l l ?
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One Last Thing
Foreign Investment In Real Property Tax Act (FIRPTA) By Kim Anderson Young urchasing U.S. real estate is a relatively simple process for a foreign entity. Problems can arise, however, when the foreign person or corporation is not aware of the Foreign Investment in Real Property Tax Act (FIRPTA) rules that fall into place when they decide to SELL the property. I was recently asked a questions about FIRPTA and when I researched it, I realized that it was a much deeper subject than I first thought. So I reached out to Tax Specialist and CPA Bob Steffy for clarification. What I learned is that FIRPTA was passed to capture tax revenue from the sale of real property by foreign individuals and entities. To ensure that this tax is paid by a foreign owner who may have severed his only connection to the U.S. by way of this sale, FIRPTA requires a withholding tax apply at the time of sale and places the responsibility for collecting this tax on the BUYER. The buyer is required to withhold 10% of the GROSS sale price, even if the property is sold at a LOSS! If a foreign seller loses money on the sale they can apply for a waiver. Unfortunately the waiver process is lengthy and can delay a closing or create a situation where a tax is withheld that is not owed. To avoid this issue, when a foreign seller first decides to put the property on the market, they should immediately apply for the waiver. Your tax accountant can walk you through this process. There are a few situations in which a foreign entity can avoid paying FIRPTA, including:
P
IT’S THE LAW!
1. They are selling to a buyer for whom the house is a personal residence valued at $300,000.00 or less; 2. the transaction is a non-recognition transfer; or 3. the amount realized on the transaction is zero. Another option is for the foreign seller to get an international taxpayer identification number (ITIN). If the buyer is also foreign, they will also need an ITIN; if the buyer is a US entity they can use their own taxpayer identification number (TIN). Both parties must supply their ITIN or TIN on an application for a withholding certificate. Failure to provide ID numbers for both parties will result in the buyer being required to withhold the 10% and remit the funds to the IRS within 20 days of closing. Adding to the difficulty of this process is the fact that after submitting an application for an ITIN, it can take anywhere from 5 weeks to 3 months for an ITIN to be assigned. One way to avoid the FIRPTA withholding issue is for the foreign seller to participate in a 1031 tax deferred exchange, which is another conversation altogether! The points above are just the tip of the iceberg when it comes to tax laws and the iceberg is constantly moving! Let’s take a lesson from the Titanic and let our tax professionals chart our way through dangerous territory!
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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/mo. Call MYRNA @ 4880144
Harmon Ct. Townhome. 3BD/2BA. Sec. 8 OK. $1,200/month. Call 637-7165/ 689-3333/688-0887.
Residential Sales
Tamuning
Barrigada
Talofofo
Large 4BR/2Ba 1800sqft. House Only 248,000 637-7165 / 688-0887 / 689-3333
Exec.2 Storey/Very Spacious For Sale by Owner. Growing in a 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; master suite w/ jacuzzi spa tub; quality granite staircases; red hardwood railings; crown molding all over the house with open spacious kitchen. Dream home and a good investment! Call/LvMsg 727-6456
Ipan Talofofo. Just footsteps away from Pacific Ocean beach, gigantic 3BD/2BA home awaits you. Family room with more than 400sf. $2200/month. Call 687-6900.
Ordot-Chalan Pago Tamuning Commercial space for rent. Approx 850 sq ft., video store or retail business. Asking $850/mo. Please call ANGIE @ 727-2228
Residential Rentals Asan Nimitz Hill. 2BD apartment including ocean view. $950/mo. Modern upgraded, all ceramic tiled, typhoon shutters. Available approximately 6/19/13. Call 687-6900.
Barrigada 2b/1b, near Subway with water $830/mo. Please call 637-7165 / 688-0887 / 689-3333
Dededo 1Bd / 2BD /3Bd located near schools/church/store and just front of park across St. Barbara Church S/F S8/Mil OK Call/LvMsg 727-6456 Ester Garden: Large 2BD/2BA. Very nice. 1,000 SqFt, $800/month. Call 637-7165/688-0887/689-7700.
Dai Ichi Condo. 3BD/1BA, Pool, Sec 8 OK, by O/A. $1,250. Call 637-7165/688-0887 Sunrise D Condo. Large 2BD/2BA. Pool. Very nice. 1,000 SqFt. $1,000/month. Call 637-7165/688-0887/689-7700. Tumon 2bd /1 ba, view, near beach, ex. condition, fully furnished. $1350. Call 637-7165/688-0887/689-7700/689-3333. 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 San Vitores Terrace Condo-2bd/1ba, 3bd/2ba – walking distance to beach, rest/bars, church. Asking $950 $1800/mo. CSR- PB 649-6088
Tumon Tumon Horizon Condo: 2bd/2ba, 5th floor, water incl., pool, security $950.00 CSR- PB 649-6088
Yigo Paradise Estates. 4BD/3BA, Exc. Condition, Fenced. $2,450. Call 637-7165 689-3333/688-0887.
Harmon 3BD/2.5BA Townhouse. Pool. Security. Tennis Court. $1,900/month. Call 637-7165/688-0887/689-7700 Large 4BD/2.5BA. Single home. Pool. Security. Tennis Court. $2,450/month. Call 637-7165/688-0887/689-7700.
Single Home. Excellent Condition. 3BD/2BA. Large yard. Good Location. $1,400/month or for sale $200K. Call 637-7165/688-0887/689-7700. Executive 2-story house with a great view, fully fenced and a quiet area. 5bd/3ba w/ 2 huge balconies. SS appliances, wash/dry, 2-car garage. Huge storage shed, a must see, Military OK! $3500/mo. Call Joe @ 483-3333!
Dededo Multi-Family House/Good Investment located front of Dededo Mayor's Office/Park & Library Great Neighborhood / Gated/ Corner Lot/Serious Buyers Only! FOR SALE BY OWNER. Call/LvMsg 727-6456 Villa Rosario Condo: 3bd 2ba Excellent Condition, Pool, Tennis Court, Play Ground. Good Location $160,000.00 Call 637-7165/688-0887 Las Palmas Ph3. 3rd Floor. Large 3BD/2.5BA/2Den. Pool. Excellent Condition. $255,000. Call 637-7165 689-3333/688-0887. Pacific Gardens. 1st Floor. Pool. Security. 1BD/1BA. $47,000. Call 637-7165 689-7700/688-0887/689-3333.
Jonestown. 3bd/2ba. Large Yard. Fenced. $320,000 or $1,350 for rent. Call 637-7165/689-7700/689-3333 Tumon Heights. 4BD/2BA. Oceanview, Corner Unit, Large Living Room, Patio, 100% Back up Generator/Water, Exc. Condition. Only $355,000 Call 637-7165/688-0887
Tumon Tumon View Condo. 2bd 1ba. Near beach. $110,000. Call 637-7165/688-0887/689-3333 Lily Village Tumon Condo. Nice. 3BDM 2BA Fully Renovated. $2,000/mo.
Yigo
For Sale By Owner Summer Palace Estates Located close to Cost-U-Less in Harmon 4Bd/2.5Ba 2100 Sq. Ft. Home located in a secured gated community with swimming pool, tennis court, and playground. New granite countertop and tile floor throughout with typhoon shutters. $440,000.00 Please call 777-0951
Executive 2-story house with a great view, fully fenced and a quiet area. 5bd/3ba w/ 2 huge balconies. SS appliances, wash/dry, 2-car garage. Huge storage shed, a must see! $425K Sale. Call Joe @ 483-3333!
Ordot-Chalan Pago
Chalan Pago
Chalan Pago 2bed1bath SFD for sale. 1169sq.m lot Asking $119k. Call Karen 988-1883
1,387 SqMtrs, Good Location, 5 min. drive from Agana. Only $46,000. Serious Inquiries. Call 637-7165/688-0887
Sinajana
Chalan Pago LAND FOR SALE Wow! What a view you have to take a look at this large lot. Come see and fall in love! Only $210K. Call Century 21 Commonwealth Realty @ 649-2121.
Large, villa style home. 5bd/3ba. Completely remodeled. Private and beautifully landscaped. Asking: $579K. (Priced below appraised value.) Call 489-3285. Large 4BR/3Ba 2755sqft w/1600sqft covered deck/porch. Detached util & gen. room. Walled/Gated & beautifully landscaped. $592K. Call Michael@ 487-4111
Land for Sale
Dededo Dededo Lot with a fabulous view overlooking the city. Great potential for future development. $400K. Call HANA @ 777-3660
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Closing
Message from the Executive Officer By Peggy Araullo Llagas
AIDS Disclosure and Other Stigmas – Part 2 gency disclosure, property condition disclosure - what other kinds of disclosures do real estate professionals need to make to consumers? How about stigmas such as murders, suicides, or AIDS? Do these factors need to be disclosed during the real property transaction? The NATIONAL ASSOCIATION OF REALTORS® defines stigmatized property as: “a property that has been psychologically impacted by an event which occurred, or was suspected to have occurred, on the property, such event being one that has no physical impact of any kind.” In other words, when dealing with a stigmatized property, real estate agents are not dealing with facts about physical characteristics — they are dealing with the fears of a potential purchaser. The most common events associated with stigmatized property are murders, suicides and criminal activity. Stigmatized property also includes property in which a current or former occupant has been infected with HIV or diagnosed with AIDS.
A
AIDS DISCLOSURE The 1988 Fair Housing Act Amendments established the handicapped, which includes people diagnosed with AIDS, as a new protected class. It is now illegal to discriminate against people with handicaps just as it is illegal to discriminate on the basis of race, color, religion, sex, national origin or familial status. According to the Department of Housing and Urban Development (HUD), it is illegal for real estate agents to make unsolicited disclosures that a current or former occupant of the property has AIDS. If a prospective purchaser directly asks an agent if a current or former occupant has AIDS, and the agent knows this is in fact true, HUD advises that the agent should not respond. NAR advises that the agent respond as follows: It is the policy of our firm not to answer inquiries of this nature one way or the other since the firm feels that this information is not material to the transaction. In addition, any type of response by me or other agents of our firm may be a violation of the federal fair housing laws. If you believe that this information is relevant to your decision to buy the property, you must pursue this investigation on your own. OTHER STIGMAS...to be continued -National Association of REALTORS®The Guam Association of REALTORS® shall remain your leading advocate for promoting and protecting homeownership on Guam. REALTORS®’ knowledge about compliance with federal regulations means that they have your best interest in mind. Ask if your agent is a REALTOR®. Visit our sites—www.guamrealtors.com and www.guamhousingprograms.com. For More Information Contact: Peggy Araullo Llagas, Executive Officer Guam Association of REALTORS® Suite 236A Julale Center 424 West O'Brien Drive, Hagatna, Guam 96910 Tel: (671) 477-4271 • Fax: (671) 477-4275 Mobile: (671) 689-4271 • www.guamrealtors.com 28 CasaGuam June 2013
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We speak Russian, Farsi, Chinese, Korean, Japanese, Filipino, and Chamorro facebook.com/Century21CommonwealthRealty
RENTALS Dededo Home - 4Br/2Ba - $1,500 - #13-2073 Sta. Ana, Dededo - 3Br/2Ba - $1,700 - #13-2110 Las Palmas Ph I, Dededo - 3Br/2.5Ba - $1,950 - #13-2200 BonitaVilaCondo,MongMong-Toto-Maite- 2Br/2.5Ba-$1,200-#13-2188
Dededo $130,900 4Br/2.5Ba #13-1875
Dededo $155K 3Br/2Ba #13-1901
Dededo $200K 3Br/2.5Ba #13-2201
Dededo $225K 3Br/2Ba #13-1948
Dededo $383K 5Br/3Ba #13-1983
Ordot-Chln Pago $699K 5Br/4.5Ba #13-1770
Yigo $145K 3Br/2Ba #13-1927
Yigo $325K 4Br/3Ba #13-2006
Mangilao $446,000 3Br/2.5Ba #13-2286
Ordot-Chln Pago $449,900 4Br/3Ba #13-540
Yona $175K 5Br/2Ba #13-797
Yigo $230K 4Br/3Ba #12-1355
Dededo $400K 4Br/3Ba - #12-4743
Barrigada $379,990 6Br/3Ba #13-925
Mangilao $39K 2Br/1Ba #13-882
Tamuning $323K 4Br/2.5Ba #13-627
Tamuning $658K 5Br/4Ba #13-1166
Tumon $380K 4Br/2Ba #12-3687
Tamuning $158K 1Br/1Ba #12-3890
Mangilao $430K 4Br/2.5Ba #13-373
Tamuning $170K 1Br/1Ba #13-920
Mangilao $405K 4Br/3Ba #13-1156
Yigo $280K 4Br/3Ba #13-1509
Mangilao $89K 2Br/1Ba #12-3209
Tamuning $1M Commercial - #12-555
Tamuning $1,020,000 Multi-Family #13-1677
Flora Pago Condo, Ordot-Chln Pago - 3Br/2.5Ba - $1,900 - #13-1947 Ordot-Chln Pago Home - 3Br/2Ba - $2,200 - #13-2101 Holiday Tower Condo, Sinajana - 2Br/2Ba - $2,200 - #13-1909
Tamuning Home - 3Br/2Ba - $2,400 - #13-2065 Agana Bay Condo, Tamuning - 3Br/2Ba - $2,700 - #13-2112 San Vitores Terrace, Tumon - 3Br/2Ba - $2,000 - #13-2080 Perez Acres, Yigo - 3Br/2Ba - $2,400 - #13-1989 Yona Home - 3Br/2Ba - $2,500 - #13-1998 Pomika Apts, Tamuning - 2Br/2Ba - $900 - #13-438 Tamuning Home - 3Br/2.5Ba - $2,800 - #13-626 Talo Verde Estates, Tamuning - 4Br/3Ba - $4,400 - #13-1146 Yona Home - 4Br/2Ba - $2,200 - #13-3225 Perez Acres, Yigo - 3Br/1.5Ba - $2,400 - #13-1989 Rt. 16, Barrigada - 1,400SqFt - $1,400 - #13-2095
Homes & Condos
Beverly Palms Condo, Tamuning - 3Br/2Ba - $1,500 - #13-2197
Rt. 16, Barrigada - 1,000SqFt - $1,000 - #13-2096 Rt. 1, Tamuning - 810SqFt - $891 - #13-2093 Rt. 1, Tamuning - 1,118SqFt - $1,073 - #13-2099 Merizo Commercial Space - 1,200SqFt - $1,200 - #13-682 Holiday Tower Condo - 1,559SqFt - $2,200 - #13-2288 Holiday Tower Condo - 1,800SqFt - $2,450 - #13-2287 Lagoon Condo - 1,800SqFt - $3,800 - #13-2293
LAND Yona Lot - 2,992sm - $314,160 - #13-1908 Yona Lot - 1,154sm - $25,000 - #12-4251 Yona Lot - 1,365sm - $48,000 - #13-1804 Off Rt. 15, Yigo - 1,321sm - $54,000 - #13-1179 Santa Rita Lot - 606sm - $39,000 - #12-3885 Ipan, Talofofo - 969sm - $45,000 - #13-637 Talofofo Lot - 929sm - $53,700 - #13-1803 Off Rt. 15, Yigo - 1,835sm - $65,000 - #10-1038
Commercial & Multi-Family
Off Rt. 15, Yigo - 1,835sm - $65,000 - #10-1039 Two Lots in Asan - 7,984sm Total - $650,000 - #09-1983 Beachfront Lot in Asan - 1,597sm - $250,000 - #12-2726. Paulino Hts., Talofofo - 990sm - $59,900 - #13-358 Agat Lot - 838sm - $55,000 - #12-3937 Chln Koda, Dededo - 4,057sm - $90,000 - #13-1732
Mangilao $369K Multi-Family #13-1771
Tamuning $650K Commercial #13-1488
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