Today's Guamhome February 2015 by Todays Realty

Fully upgraded jaw dropping home, featuring a beautifully crafted gourmet kitchen with a huge island and high-end stainless steel appliances.

CONTENTS 02

SOLD! PROPERTY OF THE MONTH

Prepare to drop your jaw at this Nimitz Estates Masterpiece...

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MARKET REPORT

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

KEYS TO MAKING YOUR SMALL SPACES SEEM LARGER

How to make a small room look bigger, by simply applying a few clever tricks...

6 TIPS FOR CHOOSING THE BEST OFFER FOR YOUR HOME

Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers...

RECENTLY CLOSED LISTINGS

JUST LISTED

CONTINGENCIES

Recently listed properties in the market.

It is very common for an offer to purchase a property to contain one or more contingency’s. Let’s explore some of them!

LIFE OF A REALTOR

This months featured agent

KEY TO A SUCCESSFUL PURCHASE FOR FIRST TIME BUYERS

There are many elements that make a successful home purchase possible...

PROPERTY MANAGEMENT

NIMITZ ESTATES MASTERPIECE Prepare to drop your jaw masterpiece of a property.

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Fully renovated, 3 bedroom 3 bathroom 2,100+/-sqft home nestled along Nimitz drive in the Nimitz Estates subdivision. Features a gourmet kitchen with an island large enough to play table tennis and spa inspired master bathroom with freestanding jacuzzi soaking tub. To top it off the home also has green features to help you save some green big time, double silicone roof coating, insulated ceiling inside, split A/C units in every room and high end stainless steel appliances.

List Price: $475,000 Sold Price: $469,000 Days on the Market: 36

RECENTLY SOLD & RENTED LISTINGS 01 Asan Home

Listed: $2,600/mo • Rented: $2,600/mo

Lovely 3bd/3ba home overlooking Asan Bay. Oceanviews from all the rooms. Private setting in a dead end street. High Vaulted ceiling and a loft design Master bedroom, this home is an architectural masterpiece. Days on the market: 16

02 Mangilao Home

Listed: $2,400/mo • Rented: $2,205/mo

Newly painted spacious 4bd/3ba plus bonus room home. This home is fully fenced, plenty of parking with two covered carports. Large master bedroom with a balcony to enjoy beautiful evening sunsets. Days on the market: 25

03 Mangilao Home

Listed: $2,450/mo • Rented: $2,450/mo

This 3bd/2ba home has a lot to offer including; high ceilings, open floor plan, stone kitchen counters, large master bedroom, two-car garage, side and rear fencing and minutes to the university and proximate to AAFB. Days on the market: 16

04 Perlas Courte Condo

Listed: $149,900 • Sold: $120,000

Fantastic Perlas Courte 3bd/2ba unit that’s centrally located near schools, beaches, GPO, churches, movies and restaurants. You’ll find this first floor unit in immaculate condition at an affordable price. Days on the market: 146

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

05 Yigo Home

Listed: $4,400/mo • Rented: $2,600/mo

Wonderful abode located right off Route 15. This 4bd/3ba home features ceramic tiled floors throughout, custom cabinets, spacious master bath and a great view on the balcony. Days on the market: 124

06 San Vitores Village Condo

Listed: $259,000 • Sold: $235,000

Fee simple 3bd/2ba condominium in the heart of Tumon. Only 6 units in the building and the unit is located on the 1st. fl. Everything will be at your fingertips when you own this well-maintained wooden flooring unit. Days on the market: 328

07 Lagoon Condo

Listed: $2,350/mo • Rented: $2,250/mo

Guam sunsets from the comfort of your own patio every night. Entire unit has been remodeled to include kitchen, granite counter tops, sand hued ceramic tiled floors and mirrored closet doors. 2bd/1ba Days on the market: 41

08 Yigo Home

Listed: $2,450/mo • Rented: $2,450/mo

Brand new 3bd/2ba 1,400+/-sf home in a great location and just minutes to AAFB, golf courses, & shopping! Includes split type a/c units, fully fenced and gated to keep your family and pets safe! Days on the market: 10

JUST LISTED

AVAILABLE LISTINGS RECENTLY ADDED TO THE MARKET

01 W. Atty Alberto Lamorena St. Tamuning • $325,000

Rare and reasonably priced 3bd/3ba house in Tamuning. The house was nicely renovated in 2011. Fully fenced, great back yard for entertaining. Banana and calamansi lemon trees at the back garden. Guamhome.com/15-353

02 As Ramon Road, Camp Witek Yona • $265,000

Home located in lovely area in Yona known as Camp Witek, overlooking Ylig Bay. 3bd/2ba, priced right, clean and painted. You’ll love the peaceful neighborhood. Guamhome.com/15-341

03 Marine Corps Drive Tamuning • $2,500,000

Prime property ready and ripe for development fronting Marine Corps Drive in Upper Tumon... Super location for a mixed use condominium/ retail or hotel development. Incredible ocean views too! 8,205+/-sm Guamhome.com/15-297

04 R.R. Cruz Street Agat • $189,950

Newly renovated 2bd/1ba home that just needs your personal touch. Practically 1/4th of an acre lot. Quiet neighborhood near Naval Station & Rizal beach plus other family oriented areas very nearby. Guamhome.com/15-296

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

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CONTINGENCIES

along with all other expenses for which the buyer is liable.

Webster’s dictionary defines contingencies as:

Sale of Current Home. The sale of the buyers current home is another very common contingency and one that can be a significant issue in a transaction depending on the current real estate market and how long houses are taking to sell. Your Realtor can guide you through the process and provide very valuable insight as to how much time it can take to sell the existing home and what amount of money you can expect to earn from the sale.

1. Depending on the fulfillment of a condition. 2. a contingent event; conditional on something uncertain. 3. something incidental to another event. It is very common for an offer to purchase a property to contain one or more contingency’s. Let’s explore some of them! Loan Approval. If you are the seller, you should be aware that the buyers application for the loan is not a guaranteed thing. Most banks will issue the buyer a conditional approval that will give you some comfort that the buyer is qualified for the loan. However, this conditional loan approval also contains CONTINGENCIES! The loan will certainly be conditioned upon proving that the buyers income is sufficient to repay the new loan,

Status of Title. Another CONTINGENCY on a purchase agreement is for the buyer to review the title report issued by the title company. Our title reports disclose items that affect the property and you would want to make sure that there are no items that might affect your use of the property. For example: •

•

If there is an easement going through the middle of the property, it may also interfere with where you plan on building your dream house.

The number of potential contingencies is as varied as each and every one of us and is unique to each situation. USE your REALTOR’s expertise to make informed decisions regarding contingencies in your real estate contracts! And remember the team at Security Title… our job is making sure you actually own the property you think you just bought!

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net • 671.647.8100

Finding simple solutions to complex real estate transactions.

If there is a lease on the property that does not expire for 10 years, it may interfere with your plan to build your dream home.

LIFE OF A REALTOR Who is Anthony Balajadia? REALTOR® • 671.686.7173

nthony Balajadia epitomizes integrity, energy, hard work, and creative service in every aspect in your real estate transaction. Anthony grew up on Guam for most of his life but was fortunate enough to live in Japan, San Diego and most recently graduating with a degree in Kinesiology from the University of San Francisco. Shortly after graduation he moved home in 2008 and pursued a career in real estate in 2009. He has worked in every aspect of the industry representing sellers, buyers and investors in both the residential and commercial market. Anthony is now a family man who has been married since January 2013 and strives to be a great husband to his wife, Ann-Marie, and a better father to his 10-month old daughter, Sofia. All his time and efforts in the daily grind of real estate are now served with a higher purpose in life and he has never been more motivated to become successful in all aspects of the word. An athlete by nature, he enjoys the game of basketball and has won 2 local high school championships and one Far East Championship in 2001 while playing for Saint Paul Christian School. Since returning home from college, he served as an assistant coach at his alma-mater helping the Warriors win two more championships in 2009 and 2011. Anthony believes that basketball has taught him what is means to work hard, to be disciplined, to set goals, and to work as a team, all of which he now applies to his personal and professional life in real estate. Since joining the team at Today’s Realty in 2013, he has been trained and inspired in sales by some of the best on the island. He is extremely proud and grateful for the opportunity his brokers and fellow Realtors have given him to be apart of such a great company. He and the team at Today’s Realty will initiate communication in every detail of your real estate transaction, from the first phone call all the way to close. Five words you can count on from Anthony Balajadia love, integrity, commitment, passion, and fun.

Key to a Successful Purchase for First Time Buyers by Vicki Anderson • 671.687.3558

inding and purchasing your first home is a dream for all of us. There are many elements that make a successful home purchase possible. The first thing that every homebuyer should do before beginning to look for a home is to get prequalified.

Prequalification is the process of meeting with a loan officer and calculating your budget for your home purchase. This process basically compares your monthly income against your monthly debt to figure and an affordable amount for your monthly mortgage payment. The mortgage payment and your monthly expenses must fall within a certain percentage of your monthly income. My recommendation is to choose an experienced Realtor who has knowledge of the financing options particular to your situation. The ability to find the type of financing that fits your situation is the key element to a successful home purchase. If you qualify, you may be eligible to receive 100% financing. Your realtor will be able to explain to you the guidelines of this program. Veterans are also eligible for hundred percent financing. There are certain guidelines for using a VA loan as well. There are many options to financing from conventional, 20% down to 100% financing. If a bank declines you, don’t give up. Go apply to a different bank! Your Realtor can be a key element to ensue that your financing go as smoothly as possible and can be of great assistance to help find the solution to any financing issues. Once you know your prequalification amount, you can begin looking for the home of your dreams. If you need help finding a realtor, ask your friends who helped them with your home purchase. Referrals are always realtor’s best friend! I will also be happy to help you with your home purchase. If you have any questions, call me at 687-3558 anytime!