Today's GuamHome April 2018 by Todays Realty

ISSUE 4

WHAT’S INSIDE Market Report Meet Our Agents Closed by Today’s Realty Just Listed On the Cover

Flipping a House the Right Way Home Inspections

APRIL 2018

elcome to the 2018 April issue of Today’s Guamhome newsletter.

Contents

It is our honor to present this collection of beautiful homes for your review.

MARKET REPORT

My team of over 20 agents and associate-brokers are all members of the Guam Association of REALTORS®, the National Association of REALTORS® and the Guam Multiple Listing Service (Guam MLS).

MEET OUR AGENTS

Our team at Today’s Realty has ranked #1 for many years running in top sales reported to the Guam MLS. Buyers, Sellers and Renters know when it’s time for real estate... It’s time for Today’s!

Residential Market Snapshot from January 1, 2018 to April 1, 2018

SOLD BY TODAY’S REALTY

ON THE COVER

A collection of recent homes sold by Today’s Realty

We are never too busy for your referrals! Anthony Godwin Principal Broker / REALTOR®

Immaculate & Executive Residence

FLIPPING A HOUSE THE RIGHT WAY HOME INSPECTIONS

JUST LISTED

Recently listed properties in the market.

Today’s Realty agents and staff during our 2017 Christmas Party

FOR THOUSANDS OF LISTINGS VISIT

www.guamhome.com

Residential Market Snapshot January 1, 2018 - April 1, 2018

Single Family Homes

Condos • Apts • Townhomes

Homes Sold & Rented

Units Sold & Rented

90 Single family homes sold from January 1, 2018 thru April 1, 2018 vs. the 81 homes sold in 2017. However, the strength of the Guam real estate market continues to be residential rentals. Year to date saw an increase in the number of single family homes rented at 191 in 2018 and 178 in 2017.

55 Condominium transactions have been completed from January 1, 2018 thru April 1, 2018. Compare this to the 41 closings for the same period last year. Year to date saw a decrease in the number of condominiums, townhomes, apartments rented from 292 in 2017 to current year at 256.

In 2018

In 2017

In 2018

SOLD

RENTED

RENTED 0

100

150

200

In 2017

100

150

200

250

300

Average Sale & Rental Price Single Family Homes

Condos • Apts • Townhomes

Sales

The average year-to-date home price of $335,718 was significantly higher than the $271,034 reported during the same period in 2017.

The average condominium sale price of $236,120 in 2018 was higher than the $218,951 reported during the same period in 2017.

Rentals

Average single family monthly rentals so far this year decreased from $2,362 last year to current year at $2,344.

The monthly rental rate for condominiums, townhomes, apartments increased from $1,677 in 2017 to $1,701 for the same period in 2018.

Average Days in the Market Single Family Homes

Condos • Apts • Townhomes

Sales

Rentals

On average, single family home sales in Guam take about 5 months to sell from date listed to date closed. Compare this to the closings for the same period in 2017 at 5 months.

In 2018, single family home rentals in Guam took 63 days from date listed to date closed. Compare this to the closings for the same period in 2017 at 58 days. Interest rates are still very attractive with fixed rates hovering above four percent (4%). The inventory of homes on the market provides buyers with a good selection of properties to choose from. Coupled with low interest rates, it’s a great time to buy. ~ Anthony Godwin, Principal Broker

It took 96 days to complete transactions in 2018. Compare this to the closings for the same period in 2017 at 98 days.

In 2018, condominium rentals in Guam took 58 days from date listed to date closed. Compare this to the 59 days for closings during the same period in 2017. *Statistics from Guam Multiple Listing Service from January 1, 2018 through April 1, 2018. **Statistics from Guam Multiple Listing (MLS) from January 1, 2017 through April 1, 2017. Transactions not reported to the Guam Multiple Listing Service (MLS) are not included in this presentation. Information deemed reliable but not guaranteed. Entire contents, including but not limited to, content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved.

MEET OUR AGENTS

Angie Camacho 671.687.0483

Anthony Balajadia 671.686.7173

Beverly Brady 671.688.8550

Carmen Mesa 671.777.6372

Chandru Sadhwani 671.788.5044

angie@guamhome.com

anthonyb@guamhome.com

beverly@guamhome.com

carmen@guamhome.com

chandru@guamhome.com

Francine Bamba 671.727.8008

Hui Gallagher 671.689.4881

Janet Calvo 671.687.1841

Jay Blakley 671.777.7683

Jeremy Looby 671.689.6100

sissy@guamhome.com

hui@guamhome.com

Sharmila Sahni 671.483.7125

sharmilasahni@yahoo.com

Anthony Godwin 671.688.8198

anthony@guamhome.com Principal Broker | REALTORÂŽ

janet@guamhome.com

Shawntel Techaira 671.483.7368

shawntel@guamhome.com

jay@guamhome.com

jeremy@guamhome.com

Suzanne Naputi 671.482.6426

suzanne@guamhome.com

John Lin 671.688.8518

john@guamhome.com Vice President | REALTORÂŽ

Work with the Proven Market Leader

Christina Blakley 671.688.8899

Christine San Nicolas 671.682.2412 christine@guamhome.com

dennis@guamhome.com

duane@guamhome.com

fiona@guamhome.com

Julie Paxton 671.687.6900

Kimberly Ada 671.489.5232

Michael Kumar 671.988.6900

Ray Rupley 671.685.5070

Sandy Yow 671.687.6006

christina@guamhome.com

realestate@guam.net

kima@guamhome.com

Dennis Couzijn 671.727.3815

michael@guamhome.com

Vicki Anderson Estes 671.687.3558 vicki@guamhome.com

Duane Pahl 671.689.7777

ray@guamhome.com

Fiona Hocking 671.988.9982

sandy@guamhome.com

Yumiko Blaisus 671.688.7791

yumiko@guamhome.com

Thinking about a career in real estate? We can help!

CLOSED BY TODAY’S REALTY

San He Villa • $1,250/mo

Dededo Home • $405,600

Days on market: 116 | MLS ID# 17-4170

Days on market: 0 | MLS ID# 18-1211

Talofofo Land • $35,000

Barrigada Home • $1,250/mo

Days on market: 116 | MLS ID# 17-4087

Days on market: 48 | MLS ID# 18-528

Oka Tower • $2,450/mo

Barrigada Home • $385,000

Days on market: 20 | MLS ID# 18-892

Days on market: 203 | MLS ID# 17-3044

A collection of recent properties closed by our REALTORS®

Apusento Gardens • $90,000

Piti Home • $2,500/mo

Days on market: 101 | MLS ID# 17-4318

Days on market: 201 | MLS ID# 17-3131

Mangilao Gardens • $725/mo

Yigo Home • $2,205/mo

Days on market: 29 | MLS ID# 18-766

Days on market: 51 | MLS ID# 18-450

Alupang Cove • $2,205/mo

Tamuning Space • $3,585.81/mo

Days on market: 18 | MLS ID# 18-788

Days on market: 519 | MLS ID# 16-3619

ON THE COVER

252 Marine Lab Lane, Mangilao, GU For Sale $588,000 | MLS ID# 18-1160

You will love this executive styled home sited among a collection of beautiful properties along Marine Lab Lane. Spacious kitchen includes granite counter tops with mosaic backsplash, stainless appliances, indoor laundry; trayed ceilings in living areas; huge master bedroom, en-suite walk-in wardrobe and double vanity bath with relaxing jet tub; three additional large bedrooms, second level den (can be converted to a 5th bedroom!); Oversized two car garage, porcelain tiled floors, covered balcony at master bedroom and den, sweeping balcony at second level bedrooms. Patio area includes a utility sink and work counter. Interior tiled stair provides access to the rooftop.

Flipping a House the Right Way I am always asked if I “flip” houses on Guam. I do own properties, and I do rent them out to build my “long term” wealth. But, I actually have not personally “flipped” a home. I have however helped many of my buyers “flip” properties, and like anything, it’s a gamble. Taking a tongan tongan, and turning it into a plumeria is not easy, but, with the following tips, you may have a better sense of buying a fixer upper! Thinking of Buying a Fixer-Upper? How to Do It Right With proper due diligence and the right real estate pro, buying a fixer-upper can be a satisfying and lucrative experience. Buying a bad one, though, can lead to disaster. Here are some tips: Location: A bad house in a desirable neighborhood is almost guaranteed to pay big dividends for the savvy buyer. Here’s where a good real estate pro – as a specialist in local neighborhoods – can be worth his or her weight in gold. Mass Appeal: You’ll want to look for a home that appeals to the largest number of buyers. That means three or more bedrooms and more than one bathroom. Sensible Layout: Look past the current floor plan and figure out how the home will work. Today’s buyers look for openness and rooms that flow seamlessly. Bang for Buck: Avoid costly makeovers like shoring up sagging foundations. Instead, think cosmetic fixes. New paint, new bathroom fixtures, and even a new roof and energy-saving windows are relatively inexpensive and can turn your ugly duckling into a beautiful swan.

Who ya’ gonna call?

Potential Problems: An investment in a good home inspector can save you thousands of dollars in the long run. You can try requesting a home inspection and a roof certification as part Duane C. Pahl, R E A L T O R ® of the deal. Ask your real estate pro about any nearby flood zones or future plans on home or 671.689.7777 | duane@guamhome.com possible commercial development, reports of contamination and other conditions that could DuanePahl.com affect resale value. You may even want a structural engineer to examine the property as a condition of sale.

Home Inspections

A qualified home inspector will examine details such as structural components, plumbing, mechanical and electrical systems, safety hazards, air-conditioning systems, doors, windows, roofing, decks and patios, grading and I recently caught up with Anthony Godwin, drainage systems, even household appliances! Principal Broker of Today’s Realty as he was on So what happens if the home inspection reveals his way to a meeting with a home inspector. something that needs to be repaired? Let’s Our conversation turned quickly to the value assume the air conditioners need about $4,000 and importance that a home inspection brings worth of work in order to function properly. The to the real estate transaction. Not too long solution can be different for each transaction, ago, home inspections were rare for Guam real depending upon the parties, but here are a few estate sales, giving a whole new meaning to “let options: the buyer beware”! 1. Seller handles the repair prior to closing. A homeowner interested in selling their home 2. Buyer agrees to accept the house “as-is” and will deal with the air conditioning can benefit from a home inspection prior to system after closing (but they have full listing their home. The inspection will reveal knowledge of the deficiency). items that should be resolved in order for the 3. Buyer and seller may instruct escrow to seller to get the highest price for their home. It hold funds to pay for the repairs once they will give the seller time to make needed repairs have been completed. that will enhance the value of the home. 4. Seller may give a credit to the buyers at closing and the buyer can resolve the issue Purchasers utilize the services of a qualified as they see fit. home inspector in order to determine if there are any items that will need repairing or Your REALTOR has all the information you replacing in the near future. need to both obtain a home inspection, and to

negotiate past any hurdle the inspection may reveal. Buyer BE AWARE! Inspection Checklist: ☑ Air Conditioning & Fans ☑ Mechanical ☑ Plumbing ☑ Electrical ☑ Structural Components ☑ Doors ☑ Windows ☑ Roofing ☑ Decks and Patios ☑ Appliances

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net | 671.647.8100

Finding simple solutions to complex real estate transactions.

LISTED BY TODAY’S REALTY 807 Blue Pacific Lattice For Rent $2,205/mo | MLS ID# 18-1116 You’re ‘on top of the world’ in this 8th floor, 2 bedroom unit overlooking Guam’s Tumon Bay and the beautiful evening lights below! Tasteful ceramic floor tiles throughout and a wall-ofwiindows from which to take in that view.

Peacock Alley, Piti

For Sale $650,000 | MLS ID# 18-1281 Fine living on top of the hill! 4 bedroom, 4 bathroom home with family quarters on the first floor. Second floor boasts the view, the living areas and Kitchen. Beautiful floors and open spaces.

H110 Apusento Gardens For Rent $2,205/mo | MLS ID# 18-1202

This awesome spacious open living plan is completely newly renovated plus this 2bd/2ba unit is located on the first floor. New stainless steel appliances. May come furnished or unfurnished its up to you... Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

A collection of properties featured for Rent or Sale by our REALTORS® 519 Tumon Horizon Condo

Talofofo Land

For Rent $2,200/mo | MLS ID# 18-1228

For Sale $65,000 | MLS ID# 18-1256

Gorgeous ocean view of all of Tumon from the big picturesque windows of this end unit. Best location in the building. the unit is fully furnished with all new designer furniture. Located near restaurants, beaches, malls and centrally located.

Buy one, buy several, or buy them all...Six beautiful Ipan 1/4 acre lots ready for a contractor to build a sweet neighborhood of homes! Or, build your new home-sweet-home! Utilities are close by.

209B Artemio A Cruz, Yona For Sale $209,000 | MLS ID# 18-1204

You will love the beautiful upgrades that have been applied to this 4 bedroom/2 bath home just minutes from shopping, schools, health care facilities, beaches and more. A separate covered outside kitchen is ready to host your family gatherings.