Today's Guamhome January 2016 by Todays Realty

elcome to the 2016 January issue of Today’s Guamhome newsletter.

Contents 02

MARKET REPORT

MEET OUR AGENTS

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

GUAM IS OUR HOME

SOLD BY TODAY’S REALTY

WELCOME TO OUR VILLAGES!

A collection of recent homes sold by Today’s Realty

JUST LISTED

ON THE COVER

TIPS ON SAVING

HAVE NOTARY, WILL TRAVEL!

It is our honor to present this collection of beautiful homes for your review. 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). 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! We are never too busy for your referrals! Anthony Godwin Principal Broker / Realtor®

Recently listed properties in the market.

Virgin Valley View | Agana Heights Gem

TOP FINANCIAL RESOLUTIONS FOR 2016

DON’T GET DUPED MILLENNIALS AND MONEY

Today’s Realty agents and staff during our holiday luncheon

FOR THOUSANDS OF LISTINGS VISIT

www.guamhome.com

CLOSED BY TODAY’S REALTY

Tumon Bay Residences • $2,205/mo

Ahau Lane, Dededo Home • $2,200/mo

Bobby Lane, Yigo Home • $2,450/mo

Blue Lagoon Condo, Tumon • $475,000

Tumon Business • $40,000

Ch. Pia Tituka, Ordot-Chalan Pago • $2,300/mo

Days on market: 9 | MLS ID# 15-4020

Days on market: 30 | MLS ID# 15-3863

Days on market: 180 | MLS ID# 15-2168

Days on market: 46 | MLS ID# 15-3772

Days on market: 590 | MLS ID# 14-1457

Days on market: 20 | MLS ID# 15-3837

A collection of recent properties closed by our Realtors®

Tamuning Villa Home • $2,450/mo

Harvest Gardens Condo • $1,980/mo

Paradise Estates Home • $305,000

San Vitores Village Condo • $2,205/mo

Father San Vitores, Tamuning Home • $2,205/mo

Veronica Way, Tamuning Home • $2,500/mo

Days on market: 22 | MLS ID# 15-3839

Days on market: 165 | MLS ID# 15-1949

Days on market: 53 | MLS ID# 15-3510

Days on market: 76 | MLS ID# 15-3246

Days on market: 9 | MLS ID# 15-3975

Days on market: 45 | MLS ID# 15-3643

130 Borja Court, M-T-M For Sale $310,000 | Guamhome.com/15-3801 This is a GREAT family home! Three bedroom, 2.5 baths. Very centrally located. New ceramic tile, brand new split a/c units in every room, newly paint & newer appliances! Bonus! An awesome man cave & outdoor patio.

22 Dasco Court, Perez Acres For Sale $240,000 | Guamhome.com/16-103 Great opportunity to own a rarely available, 4 bedroom unit at Perez Acres. Perez Acres is a family oriented, secured neighborhood. Some unique features of this neighborhood are gated entry, pools, on-site management & much more.

D5 Beverly Palms Condo For Sale $219,000 | Guamhome.com/15-3866 Incredible Tamuning 3bd/2ba unit with gorgeous open loft overlooking the downstairs. Brand new wooden-floor-look & open kitchen concept with corner pantry, added loft, insulated roof, hidden water tank & more. Entire contents, including but not limited to content, design and concept Copyright ÂŠ2016 by LG&G Corporation. All rights reserved. Anthony R. Godwin â&#x20AC;˘ Principal Broker

189 Chalan Binadu Road, Yona

168 Mamis Street, Mangilao

For Sale $498,500 | Guamhome.com/15-3523

For Rent $2,600/mo | Guamhome.com/16-114

This 4bd/2.5ba home boasts an open floor plan with cathedral ceilings throughout. Having seen only one owner, it still maintains a “new” wow factor with many amenities. A solar water heater, generator and water softener to name a few.

This 4bd/3ba home boasts a spacious floor plan, large master suite, open kitchen with granite countertops & stainless steel appliances. Second floor sitting room, two-car garage, indoor laundry, security system, and large second floor balcony.

Chalan Tria Stella Vista For Sale $1,638,000 | Guamhome.com/15-3833 This elegant residence is located in a private gated community. This home features an expansive gourmet kitchen, 5bd/4ba, 4,438+/-sf of living space, ocean view, entertainment suite, covered rooftop lanai, dumbwaiter & more.

Virgin Valley View, Agana Heights For Rent $2,300/mo | Guamhome.com/15-3832 Classy elegance with modern upgrades throughout. This 2 bedroom, 1 bath fully furnished unit features a designer kitchen with convenience of amenities, built-in breakfast bar, wine rack & beautifully appointed. Lovely back yard swimming pool to cool off in our tropical weather with a soothing water fall and overlooking the valley within Agana Heights. Located just across the street from Naval Hospital. Just minutes away from downtown Hagatna, super markets, shopping, restaurants, entertainment and more.

Have Notary, will travel!

The full text of the law follows:

From the elderly seller living in the remote provinces of the Philippines without the Public Law 33-101, passed by the legislature ability to travel to the US Embassy in Manila, on November 19, 2015 and signed into law to the overworked Japanese or Korean by acting Governor Ray Tenorio on December executive for whom a day long trip to Tokyo or Seoul does not fit into their schedule, or buyers and sellers that reside in Extended Jurisdiction Authorized. this new law will provide a welcome a non-US country, a big hurdle to alternative to closing their Guam real estate closing Guam real estate transactions As authorized by the Attorney General of Guam, a Guam commissioned notary public transactions! is the requirement that they must sign original documents and have them notarized residing on Guam shall be authorized to perform notarial acts in foreign countries for Kim Anderson Young, President of Security at the US Embassy in the country of their Guam residents or individuals requiring a Title, has over 30 years of experience in the residence. Not only do they have to make real estate industry. an appointment in advance but many times document to be notarized for and recorded in Guam in a manner strictly compliant with the embassy is located hours, if not days travel from their home town. Add to that the this Chapter. The accomplishment of all burden placed on the person signing if they requisite notarial journal entries and the compilation of all other mandatory records are in poor health, or are caring for a loved shall be adhered to, and the journal and all one in poor health, or simply cannot get requisite records pertains to the notarial act enough time away from their work to make shall subsequently be maintained on Guam the trek. by Kim Anderson Young as provided pursuant to this Chapter. PRESIDENT, SECURITY TITLE, INC. Recently, the Guam Legislature considered kim@securitytitle.net | 671.647.8100 (a) the only documents authorized to this hardship and with the legislation below, be notarize in a foreign country shall be Finding simple solutions to complex real estate have authorized Guam notaries public to transactions. limited to those relating to real estate travel to a remote location for the specific transactions, and must be recorded purpose of notarizing a real estate document at the Guam Department of Land for recording on Guam. Management or any other government agency as may be required.”

Don’t Get Duped: Scammers Peddling Good Credit Scores By John Voket

received an important reminder fromfreddiemac.com asking to share an important warning to the many Americans with consumer credit negatively impacted by the housing crisis and fluctuating economy. But Freddie Mac says don’t be lured by the promise of a raised credit score. Schemes that falsely raise credit scores will land borrowers in scalding hot water - as well as cost time and money combating both origination- and servicing-related fraud. Consumers and the mortgage industry should watch out for any person or credit repair service trying to “help” with one of these three common fraud schemes: 1. Disputing Credit with Credit Bureaus 2. Falsely Claiming Identity Theft 3. Misusing Credit Protection Numbers or CPN

But some consumers with poor credit acquire a CPN with the intent of creating a new, clean – and misleading - credit profile. It’s important to keep in mind: • This is an illegal use of a CPN; • CPNs were not created for this purpose; and • Mortgage loans originated using a CPN are ineligible for sale to Freddie Mac. Borrowers who use a CPN with the hope of leaving their bad credit histories in the rear view mirror are in for a rude awakening. As the Federal Trade Commission bluntly points out, “By using a stolen number as your own, the con artists will have involved you in identity theft,” for which you may face legal trouble. Borrowers are reminded that: • Credit scores aren’t used unfairly to block them from accessing credit; their purpose is ensuring successful repayment of borrowed money. Ploys to circumvent official credit controls will likely set up consumers to fail. • The best way of raising and maintaining a healthy credit score is by consistently paying bills on time. A quick jump in credit score is never worth the stain on their records.

Your Credit Privacy Number (CPN) is a nine-digit number that can be used in lieu of a Social Security number (SSN) for credit reporting and other financial purposes, like applying for a loan. Given that it helps shield your finances from the public eye, it’s Learn more by visiting freddiemac.com. most commonly used by borrowers in the public eye, such as Reprinted with permission from RISMedia. ©2016. All rights reserved. celebrities and politicians.

Millennials and Money: Six Trends for 2016 At 75 million strong, Millennials are the country’s largest living generation. This social-savvy and boundary-pushing group is wielding its influence on virtually every industry, including the financial one. Here’s a look at six of the most popular finance trends among Millennials and a preview of what to expect in 2016:

5. Millennials will skip the gym, but not the exercise. Wellness remains a top priority for Millennials, with 88 percent of Millennials saying they exercise, but according to a Mintel survey, 72 percent of Millennials say gym memberships are too expensive. Because of this, Millennials have been cutting their gym expenses and instead paying for wellness programs. In 2016, Millennials will pay for community exercise programs, fitness apps, classes and other nontraditional workouts over annual gym memberships.

1. There will be an influx of Millennials in the workforce. According to the Bureau of Labor Statistics, 2016 will see more Millennials in the workforce than ever before, representing the largest segment among all generations. Their increasing presence in the workforce will give them more disposable income as they rise into management positions.

6. Millennials will continue to travel, but they will spend less per trip. Unlike older generations, Millennials are willing to make sacrifices, like forgoing hotel stays for hostels, to cut down expenses. According to a Yahoo! Travel Survey, 68 percent of Millennials are more likely to spend less than $1,000 per trip versus 33 percent of the population surveyed who says they would spend $1,000 to $4,999 on a vacation.

2. Millennials are choosing socially conscious investment models. These models reflect Millennials’ social values of giving back, which have grown exponentially in just the last decade. In 2001, people invested $3.1 trillion in these models; by 2014 this jumped to $6.6 trillion.

“By analyzing these trends, it’s clear that Millennials like to chart their own course when it comes to lifestyle and financial choices,” says Emily Holbrook, director of the young personal market at Northwestern Mutual. She urges Millennials to reflect on their spending habits and plan ahead.

3. Weddings will become even more expensive. In 2014, the average price of a wedding rose to $31,213, a 4-percent increase from 2013, according to The Knot’s annual survey. If wedding prices continue this trend, 2016 will mark an all-time high for wedding costs. This could also contribute to the shift of Millennials marrying later in life. Many couples already choose to wed later due to student loan debt and unstable financial situations.

“Millennials handle their finances much differently than previous generations,” says Holbrook. “Their financial decisions are reflective of their personal values, beliefs and lifestyles. It’s important for members of this generation to be smart about their money decisions and create a financial plan, especially since they’ve shown they tend to follow their heart.”

4. The average student loan debt will continue to increase. As of 2015, students carry $1.2 trillion in debt. In 2014, about 70 percent of students graduated with an average loan debt of $28,950, up 2 percent from 2013. Student-loan debt affects the economy in many ways, demonstrated by the number of Millennials living at home and more young adults delaying buying a home.

The New Year is a good reminder for Millennials to create a financial plan or consider speaking with a financial advisor. Young professionals can benefit from having a trusted financial representative by staying on top of money trends and seeking ways to be financially savvy. Sources: Northwestern Mutual, www.TheMintGrad.org Reprinted with permission from RISMedia. ©2016. All rights reserved.