Today's Guamhome August 2015 by Todays Realty

CONTENTS 02

SOLD! PROPERTY OF THE MONTH Tamuning Storybook Home

MARKET REPORT

OWNING VS. RENTING

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

Both owning and renting can have their advantages. The better choice for you depends on your circumstances.

EXTERIOR SECURITY TIPS It has been reported that August offers the highest probability for home burglaries.

RECENTLY CLOSED LISTINGS

JUST LISTED

WHAT HAPPENS IN ESCROW?

Recently listed properties in the market.

A real estate transaction is complex. A single transaction involves several different parties, many carefully executed documents, and a high volume of funds.

CRUNCHED FOR TIME? Whether itâ&#x20AC;&#x2122;s a new job, a marriage/divorce or even family obligations, many people find themselves up against the clock as they make their way through the homeselling process.

PROPERTY MANAGEMENT

TAMUNING STORYBOOK HOME This 6,000+/- square foot custom designed opulent masterpiece has it all! Five bedrooms, 3 full & 2 half baths â&#x20AC;&#x201C; including a junior master suite and grand master suite with an expansive wardrobe. All other bedrooms include spacious walk-in closets. The dine-in gourmet kitchen includes custom cabinetry, granite counter tops, SubZero refrigerator & freezer, Jenn-Air cook-top, and JennAir dishwasher. Entertain guests and family in the formal dining and living rooms. Relax and unwind in two separate family rooms. The executive will appreciate the separate office & library. List Price: $1,525,000 Closed Price: $1,390,000 Days on the Market: 105 MLS ID: 15-987

RECENTLY SOLD & RENTED LISTINGS 01 Asan Home

Listed: $2,600/mo • Rented: $2,450/mo

Newly upgraded 3bd/2ba home with a cozy atmosphere and valley mountain and ocean views. This home is located at the very end of the street, high above the neighborhood and very private. Days on the market: 14 MLS ID: 15-2422

02 Dededo Home

Listed: $2,200/mo • Rented: $1,214/mo

Centrally located. 3bd, 2bath, with new stainless appliances, 4 split AC units & washer/ dryer. Perfect for animal lovers, no carpet home is fully tiled. Completely fenced backyard. Days on the market: 97 MLS ID: 15-1314

03 Villa Fion Tasi

Listed: $442,500 • Sold: $442,500

Beautiful 4bd/2ba boutique condo situated on the Maite cliffline overlooking magnificent ocean and sunset views. Days on the market: 1 MLS ID: 15-2317

04 Barrigada Home

Listed: $339,500 • Sold: $339,500

Great centrally located 3bd/2ba house, tucked away on a quiet street. Fully fenced and gated with 1,580+/-sf of living space, 346+/-sf of downstairs carport/storage, porch and balcony space. Days on the market: 127 MLS ID: 15-1031

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

05 Agana Heights Home

Listed: $2,450/mo • Rented: $2,200/mo

This 3bd/2.5ba charmer features a large backyard, 2nd floor deck overlooking the baseball field, security system, outside storage and is fully fenced and gated. Days on the market: 22 MLS ID: 15-2031

06 Dededo Home

Listed: $2,205/mo • Rented: $2,205/mo

This 3bd/2ba home features a 2 car garage, upgraded kitchen, ceramic tile flooring, vaulted ceilings and a large fenced with back yard for your pets. Meticulously maintained and loaded with upgrades by owner. Days on the market: 25 MLS ID: 15-2350

07 Talofofo Home

Listed: $2,205/mo • Rented: $2,205/mo

Private Beach access right out your front door. 3 bedrooms, 2.5 bathrooms, newly renovated kitchen, large laundry room & plenty of storage. Mail delivery plus yard maintenance included. Days on the market: 26 MLS ID: 15-2114

08 Sinajana Home

Listed: $449,000 • Sold: $414,300

Gorgeous, well-mainted 4bd/3ba executive home just up the street from downtown Hagatna and minutes to schools, restaurants, shopping & much more. Days on the market: 181 MLS ID: 15-165

JUST LISTED

AVAILABLE LISTINGS RECENTLY ADDED TO THE MARKET

01 Chalan Rosa Hongyee Yigo • $2,600/mo

Be the first to live in this newly contemporary 4b/3br located just a minute away from Andersen back gate. This home features its lofty ceilings, spacious open floor plan & garage. Fully fenced for your privacy. Guamhome.com/15-2591

02 Royal Gardens Townhome Tamuning • $2,450/mo

Like a freshly baked cookie just out of the oven is this renovated unit in one of the premiere complex in Tamuning... This 3 bedroom and 2.5 bathroom unit boasts both modern yet serene comfort the minute you set foot at the door. Guamhome.com/15-2598

03 North San Dionisio Avenue Umatac • $2,600/mo

Southern comfort at your best! Wake up to the ocean views of Umatac. Enjoy your stay on Guam in this quaint home nestled atop the hills of Southern Guam. Freshly redone, this home is ready for Bar-B-Q’s and relaxation. Guamhome.com/15-2606

04 Perez Acres Townhome Yigo • $250,000

One of the largest 3 bedroom townhomes in the well-maintained and beautiful community known as Perez Acres! Enjoy this private community with 2 swimming pools, basketball courts, gated entry, 24-hour security & more! Guamhome.com/15-2635

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

WHAT HAPPENS IN ESCROW?

take is to order a Preliminary Title Report (PTR). The PTR discloses the legal and financial status of the property along with any discoverable defects, such as unpaid property taxes, outstanding mortgages, leases, easements or overlaps that are disclosed by a current map of the property.

A real estate transaction is complex. A single transaction involves several different parties, many carefully executed documents, and a high volume of funds. The function of escrow is to manage all the intricacies of the transaction from the time an With the overview provided by the offer is accepted right through to the PTR, the escrow officer collects payoff information for any items final closing. appearing on the PTR. Common payoffs are real property taxes, Learn About Escrow in Real Estate An escrow company acts as an mortgage payoffs and homeowners independent third party to the association dues. The Escrow Officer transaction, managing the transfer of also works with the mortgage lender, funds and documents between the to fulfill requirements needed to buyer, seller, real estate professionals, process the mortgage. Then they attorneys, mortgage lenders, and create a settlement statement for the approval of the buyer, seller and government agencies. lender. The settlement statement When a buyer and seller agree on the shows a complete overview of costs terms of a sale and sign a purchase paid in connection with the sale. agreement, they “open escrow”, which means they assign the escrow When the bank is ready to close the company with the task of ensuring loan, the buyer signs the mortgage that title to the property is passed loan documents as well as the deed from the seller to the buyer free from and required affidavits in front of a The seller usually encumbrances. Sometimes this is notary public. called transferring “marketable title.” signs the deed and required affidavits before or after the buyer and it is not The first step the escrow officer will uncommon for an off island seller to

sign documents weeks before the closing, submitting them to escrow for use when the transaction is ready to close. Once all the instructions have been complied with, the Escrow Officer closes the transaction, which involves recording the deed and mortgage, paying off all items in connection with the sale and delivering the title insurance policies to the buyer and lender. The professionals at Security Title have the management of intricate real estate closings down to a science! Experience the difference! We look forward to working with you on your next deal.

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net • 671.647.8100

Finding simple solutions to complex real estate transactions.

CRUNCHED FOR TIME?

to pack up as much stuff as you can in order to make the house as spacious as possible. Be sure to keep any What You Need to Know to Get Your Home Sold Quickly boxes that are already packed out of the way as well. By Keith Loria

No matter what sort of timeline you’re up against, make sure you listen to your agent when they offer advice Whether it’s a new job, a marriage/divorce or even family regarding a quick renovation you may want to consider obligations, many people find themselves up against the or something else you should be doing to help your home clock as they make their way through the home-selling stand out. There’s a reason that you chose your agent process. to represent you, so take their thoughts and ideas into consideration and let them do their job. While pricing your home competitively is one of the quickest ways to get your home sold, you want to be If a bid comes in and it’s lower than you’d like, take a step careful when it comes to putting a price on your home. In back and consider how much wiggle room you have when the end, it’s important to make sure you choose a price it comes to timing before turning it down. If you’re really that you won’t regret later on down the road. pressed for time, it might be worth accepting less than you were asking. A good rule of thumb for those wanting to sell fast is to look at the comps and price the home around 10 percent Selling your home quickly doesn’t have to be a negative lower. This will bring a lot of attention to the property and experience. If you find yourself crunched for time, make is ultimately the quickest way to an offer. smart choices, listen to your agent and follow the advice above. The last thing you want to do is appear desperate, so try to stay away from pricing the home low and then dropping Need to sell your home quickly? Contact our office today the price even further a few weeks later if the house is for more tips. still on the market. Not only will savvy buyers pick up on what you’re doing, they’ll also end up offering even less. Reprinted with permission from RISMedia. ©2015. All rights reserved. Plus, the more times a price is cut, the staler the listing appears. This can cause prospective buyers to think there’s a bigger reason as to why the home isn’t selling, keeping them from coming to view the home altogether. Getting your home in tip top shape and removing the clutter are two other elements you can’t afford to ignore. Since you’re leaving quickly anyway, there’s no reason not