Today's Guamhome April 2015 by Todays Realty

CONTENTS 02

SOLD! PROPERTY OF THE MONTH Charming Ipan Home

MARKET REPORT

LIGHTING

Residential Market Snapshot from January 1, 2015 to April 1, 2015

Five outdoor lighting ideas to get you prepped and ready for your evening time party fun!

TAKING THE GUESSWORK OUT OF BACKSPLASH DESIGN

The kitchen is the heart of the home and a top-selling feature with homebuyers...

RECENTLY CLOSED LISTINGS

JUST LISTED

Recently listed properties in the market.

2014 PROPERTY TAX IMPLEMENTATION

With the enormous job of re-evaluating property values for the entire island complete, property owners should have received the new evaluations

FIND THE BEST AGENT TO SELL YOUR HOUSE

Ask detailed questions about their experience and skills to help you find the right agent for your home sale...

PROPERTY MANAGEMENT

CHARMING IPAN HOME Escape to the countryside and enjoy this charming house located in serene Ipan/Talofofo (Godâ&#x20AC;&#x2122;s Country); this 1,800+/sf house offers a nice blend of contemporary style and traditional island living with 3 bedrooms, 3 full baths, 2 car garage on a 1,111+/-sm lot. Beautiful kitchen with gas stove would please any chef. Walls and rooms have been tastefully decorated and sure to please. List Price: $348,000 Sold Price: $335,000 Days on the Market: 83

RECENTLY SOLD & RENTED LISTINGS 01 Ipan, Talofofo Home

Listed: $368,000 • Sold: $368,000

It’s hard to locate a beauty like this well-kept, walled-in 3bd/3ba home. Includes lap pool, detached mother-in-law room, ocean view from the master bedroom, an oversized carport and a 500 gallon water tank. Days on the market: 80

02 Tamuning Land

Listed: $129,500 • Sold: $115,000

Good size, rare find, R-2 zoned house lot with privacy and quiet atmosphere in central Tamuning. Easy access and just minute from Guam Premier Outlet Mall. 626+/-sm Days on the market: 77

03 Ypao Gardens Condo

Listed: $2,200/mo • Rented: $2,200/mo

Newly renovated with all stainless appliances, stack washer and dryer, comfy plush furniture and flat screen tv are just some of the features. This 2bd/2ba unit will remind you of a modern loft style city apartment. Days on the market: 17

04 Ipan, Talofofo Home

Listed: $472,888 • Sold: $430,000

Incredible 4 bedroom 4 bathroom home in Ipan, Talofofo! So many unique custom upgrades and a garden to die for! Days on the market: 189

A LIST OF RECENTLY CLOSED LISTINGS TO HELP YOU ASSESS THE VALUE OF YOUR PROPERTIES

05 Blue Lagoon Condo

Listed: $520,000 • Sold: $517,400

Luxury that exceeds your every expectation, views to steal your breath. The 2bd/2ba corner unit enjoys dramatic 180 degree sweeping views of Tumon Bay. Days on the market: 34

06 Santa Rita Land

Listed: $50,000 • Sold: $50,000

This 929 square meter lot is a great place to build your dream home with wonderful mountain view or build a two story house & catch a partial view of the ocean. Days on the market: 65

07 Windward Estates, Yona Home Listed: $249,000 • Sold: $225,000

Home is tastefully done with lovely bathroom accents and designer colors throughout. Half of the house is fenced in for a pet. Large yard and added storage container included in sale. Bonus: Spacious 4th bedroom suite. Days on the market: 63

08 Mangilao Home

Listed: $275,000 • Sold: $270,000

Located right beside Mangilao Golf Course, this duplex sits on a huge 1858 lot! That’s almost an acre of property all yours and unit below is rented out. Live upstairs or rent it out as well. It’s a great income generating property. Days on the market: 76

JUST LISTED

AVAILABLE LISTINGS RECENTLY ADDED TO THE MARKET

01 Tun Josen Camacho Street Tamuning • $1,525,000

This 6,000+ square foot custom designed opulent masterpiece has it all! Five bedrooms, six baths – including a junior master suite and grand master suite with an expansive wardrobe. Guamhome.com/15-987

02 Chalan Machuate Barrigada • $339,500

What a great centrally located 3bd/2.5ba house, tucked away on a quiet street. Fully fenced and gated, this house can be your ideal retreat. Downstairs includes carport/storage space with its own restroom. Guamhome.com/15-1031

03 Blue Lagoon Condo Tumon • $3,200/mo

Beachfront condo!! Now is your chance to live with the sun on your shoulders and your toes in the sand while living in paradise. This upgraded condo is conveniently located in the heart of Tumon Beach. Guamhome.com/15-1004

04 Segundo Street

Tamuning • $2,200/mo

You’ll love this shiny, new 3bd/2ba apartment. The unit has a extra large open floor plan, walk in closet, stainless appliances, and lots of covered parking! Parking is gated with security camera surveillance. Guamhome.com/15-1067

S E A R C H O V E R A T H O U S A N D P R O P E R T I E S AVA I L A B L E T O D AY ! 8

VISIT GUAMHOME.COM

2014 PROPERTY TAX IMPLEMENTATION With the enormous job of re-evaluating property values for the entire island complete, property owners should have received the new evaluations (and in some cases, have also received revised evaluations). According to Rev & Tax Director Mr. John Camacho, between 40,000 and 45,000 tax bills have been mailed to property owners, with an additional approximately 9,000 tax bills mailed to lenders who maintain reserve accounts to pay taxes in connection with mortgage loans. According to Mr. Camacho, the previous tax rate netted GovGuam approximately $22 million in revenue from real property taxes. With the new evaluation, that amount is expected to net approximately $35 million. While most of us should expect an increase in our property tax bills, there may be some remote properties that may actually reflect a decrease in value. New rates are being implemented and property owners should expect to pay their 2014 property taxes according to the following schedule:

First installment (or if electing to pay in full): April 20, 2014 Second installment (balance due): May 20, 2014 Payments can be made Monday through Friday between 8 am and 5 pm at the following locations: • • •

Department of Revenue & Taxation in Barrigada One Stop Center in Upper Tumon Treasurer of Guam at the Department of Administration on the 1st floor of the ITC building in Tamuning.

Payments may also be mailed to: Department of Revenue & Taxation Real Property Tax Division P.O. Box 23607 Barrigada, Guam 96921

an appeal. In anticipating of receiving the extension, the Board continues to accept appeal applications, however, the extension request is currently under legal review to determine if such an extension requires legislative approval. At this writing, the real property division of Rev & Tax has received 654 appeal requests that they are currently processing. If you have filed an appeal, you may not be required to pay the tax until your appeal is addressed. Make sure your appeal is properly filed though, so you don’t end up on the Delinquent Property List, which will be published on June 8, 2015!

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net • 671.647.8100

Finding simple solutions to complex real estate transactions.

The deadline for filing an appeal passed on March 16, 2015, but due to the short time period between homeowners getting their bills and the final filing date, the Board of Equalization has requested a 45 day extension to give property owners the opportunity to file

FIND THE BEST AGENT TO SELL YOUR HOUSE Article From BuyAndSell.HouseLogic.com By: G. M. Filisko Published: March 11, 2010

Ask detailed questions about their experience and skills to help you find the right agent for your home sale.

Sometimes sellers choose their agent because the agent’s suggested listing price is higher than those suggested by other agents. A better factor is the difference between listing prices and the amount homes actually sold for. That can help you judge agents’ skill at accurately pricing homes and marketing to the right buyers. It can also help you weed out agents trying to dazzle you with a lofty sales price just to get your listing.

6. How will you market my home? The days of agents putting a For Sale sign in the yard and Working with the right real estate agent can mean the difference hoping for the best are long gone. Look for an agent who does between getting prompt, expert representation and feeling aggressive and innovative marketing, especially on the Internet. like you’re going it alone when selling your home. Here are 10 7. Will you represent me exclusively? questions to ask when you’re interviewing agents. In most states, agents can represent the seller, the buyer, or both in a home sale. If your agent will also represent buyers, 1. How long have you been selling homes? Mastering real estate requires on-the-job experience. The more understand and consent to that dual representation. experience agents have, the more likely they’ll be able to handle 8. How will you keep me informed? any curveballs thrown during your home sale. If you want weekly updates by email, don’t choose an agent who plans to contact you only if there’s an offer. 2. What designations do you hold? Designations like GRI (Graduate REALTOR? Institute) and CRS? (Certified Residential Specialist), which require that agents 9. Can you provide references? complete additional real estate training, show they’re constantly Ask to talk to the last three customers the agent assisted. Call and ask if they’d work with the agent again and if the agent did learning. Ask if agents have designations and, if not, why not? anything that didn’t sit well with them. 3. How many homes did you sell last year? Agents may tout their company’s success. An equally important question is how many homes they’ve personally sold in the past year; it’s an indicator of how active and aggressive they are.

4. How many days on average did it take you to sell homes? Ask agents to show you this data along with stats from their local Multiple Listing Service (MLS) so you can see how many days, on average, their listings were on the market compared to the average for all properties in the MLS. 5. How close were the asking and sales prices of the homes you sold?

10. Are you a REALTOR?? Ask whether agents are REALTORS?, which means they’re members of the NATIONAL ASSOCIATION OF REALTORS? (NAR). NAR has been an advocate of agent professionalism and a champion of homeownership rights for more than a century. G.M. Filisko is an attorney and award-winning writer who’s worked with many real estate agents in the past 20 years. A frequent contributor to many national publications including Bankrate.com, REALTOR? Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics. Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic. com with permission of the NATIONAL ASSOCIATION OF REALTORS®.