Today's Guamhome July 2015 by Todays Realty

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SOLD! PROPERTY OF THE MONTH Rare Asan Multi-Family Home

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MARKET REPORT

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

SAFETY TIPS DURING AN OPEN HOUSE Would you allow total strangers to wander through your home when youâ&#x20AC;&#x2122;re not there?

SMALL SPACE, BIG IMPRESSION: Using Space Wisely Key to Making Rooms Appear Larger

RECENTLY CLOSED LISTINGS

JUST LISTED

NEW CFPB REGULATIONS

Recently listed properties in the market.

The Dodd-Frank Act establishing the Consumer Finance Protection Bureau (CFPB) was enacted in 2010 as a response to the global financial crisis that peaked in 2008...

7 WAYS TO WOW BUYERS WITH OUTDOOR STAGING As one of the busier times of year for real estate activity, summertime is ideal for sellers hoping to unload their homes for top dollar.

PROPERTY MANAGEMENT

RARE ASAN MULTI-FAMILY HOME Stunning Ocean views from every floor of this rare 3-story multi-family home! The Asan coastline, the signature reef, the picturesque sunsets and rises, the vibrant waves, all come FREE with this well maintained 3-story gem. Rent out one unit, and live in one yourself, or share with extended family! Either way, the extra income and/ or expanded living space is great, and the location is sought after by the personnel at Naval Hospital or Big Navy. Ceramic tile throughout, viewing decks, lots of natural light, storage galore, roof top access, and SO much more! List Price: $325,000 Closed Price: $325,000 Days on the Market: 232 MLS ID: 14-3390

RECENTLY SOLD & RENTED LISTINGS 01 Villa Rosario Condo

Listed: $159,000 • Sold: $147,500

VERY NICE, CLEAN, affordable condo with some upgrades in well-maintained complex! On VA approved list! Great for families, couples & singles alike. Largest floor plan for 3 bedroom units. Days on the market: 144 MLS ID: 15-250

02 Tamuning Townhome

Listed: $2,200/mo • Rented: $2,200/mo

This spacious 4bd/2.5ba townhouse is one of only 3 units. Features includes full back up generator, water softener with reverse osmosis system, lots of living space, perfect for your family! Days on the market: 126 MLS ID: 15-521

03 Barrigada Heights Home

Listed: $488,000 • Sold: $448,000

Recently upgraded Barrigada Heights house; fenced and gated on a corner lot. Lots of living area for the right family with this 2,571+/-sf, 4bd/3ba, with an expanded front living room and a huge back family room and mud room addition. Days on the market: 217 MLS ID: 14-3535

04 Mangilao Home

Listed: $2,450/mo • Rented: $2,205/mo

This 4 bedroom, 3 bath house is built to entertain with 2,283+/- square feet of living space. Huge yard, double living room and lots of storage space. Days on the market: 16 MLS ID: 15-1763

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

05 Yona Home

Listed: $2,200/mo • Rented: $2,200/mo

This 4 bedroom 2.5 bath home comes with an extra bonus room for the kids’ play room, art room or your own office at home. Landscaped with large trees in the back yard and portion of the yard is fenced for your pet to run around. Days on the market: 21 MLS ID: 15-1672

06 Royal Gardens Townhome Listed: $360,000 • Sold: $343,000

Popular Royal Gardens, 4bedroom, 3.5 bath townhome conveniently located on Ypao Road, just minutes to Tumon and close to Tamuning shopping centers. Days on the market: 59 MLS ID: 15-833

07 Piti Home

Listed: $590,000 • Sold: $575,000

The perfect blend of elegance and casual living at the heart of one of Guam’s elite neighborhoods. Newly constructed, spacious 4bd/3.5ba home boasts all the amenities necessary for paradise along with an amazing view of the Philippine Sea. Days on the market: 484 MLS ID: 14-647

08 Flora Pago Condo

Listed: $225,000 • Sold: $218,000

NEW AND BEAUTIFUL EVERYTHING! Wow look at this 4 bedroom, corner unit with a whole new kitchen, tasteful tiled floors throughout, bathrooms, lighting, paint, closets, new sinks, toilets, faucets, etc. Days on the market: 171 MLS ID: 14-3836

JUST LISTED

AVAILABLE LISTINGS RECENTLY ADDED TO THE MARKET

01 Tan Lea Lane

Inarajan • $150,000

Seller says ‘’SELL SELL SELL!” The price is right for any 1st time homeowner! This 3bd/2ba home features a large land parcel for you to enjoy with your family! Next to the ever popular Mcrauts restaurant! Guamhome.com/15-1921

02 Tumon Vista Condo Tumon • $2,205/mo

Enjoy the view of the tropics from downtown Tumon in this sensational and upgraded 3bd /2ba condo. At home, enjoy the comforts of ceramic tiled floors, central a/c, a large balcony, all within walking distance to the Tumon happenings. Guamhome.com/15-1938

03 Paradise Estates Dededo • $310,000

This house is ready, willing, and able to be your new Home!!! This is a well maintained 3 bedroom 2 bathroom 1,550+/- sqft home with an attached 2 car garage in the family oriented subdivision of Paradise Estates. Guamhome.com/15-1949

04 Alupang Cove Condo Tamuning • $2,450/mo

You’ll love living in this beautiful upgraded Oceanside 2bd/2ba end unit in the ever popular Alupang Cove condominium! Guamhome.com/15-1937

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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NEW CFPB REGULATIONS

deceptive advertising practices. Fines With the new forms, there are also new and penalties were levied against the notice requirements. A few of the new following: rules:

The Dodd-Frank Act establishing the Consumer Finance Protection Bureau (CFPB) was enacted in 2010 as a response to the global financial crisis that peaked in 2008. The goal of the act was to promote financial stability, improve accountability and transparency in the financial system and to protect consumers from abusive financial practices.

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Wells Fargo was fined $24 million Morgan Chase $11.7 million NewDay Financial $2 million All Financial Services – TBA Flagship Financial Group - $225,000 American Preferred Lending $85,000

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The loan officer is required to deliver the LE (loan estimate) within 3 business days after receiving the application. After receipt of the LE, the buyer has ten business days in which to send the bank a Notice of Intent To Proceed

As you can see, it is extremely important that lenders know about any complaints • The CFPB has enforcement authority against them so that they can deal with • Once the loan is approved, the Borrower must receive the CD over everything related to consumers in them before they escalate to the level of (closing disclosure) 3 business the financial industry, including banks, the CFPB. days before they can sign the loan credit card companies, student loans and documents. mortgages. It is an independent agency Additionally, the CFPB has created new within the Federal Reserve and is not guidelines for qualified mortgages that funded by, nor supervised by Congress. take effect October 3, 2014. Existing Trust the team at Security Title; we are loan disclosures are being consolidated working hard to ensure your real estate The CFPB has launched a consumer to streamline and simplify loan transactions are always compliant! complaint database that is a public documentation: collection of all of the complaints they have received. The CFPB reads every • The Good Faith Estimate (GFE) and Initial Truth in Lending (TIL) are complaint and investigates to determine being consolidated into a new Loan if the complaint is legitimate or not, and Estimate (LE) if it shows a pattern of negligence by the by Kim Anderson Young • The Final Truth in Lending (TIL) lender against the consumer. PRESIDENT, SECURITY TITLE, INC. and RESPA (HUD1) are being kim@securitytitle.net • 671.647.8100 consolidated into a new Closing In January of 2015 the CFPB investigated Finding simple solutions to complex real estate Disclosure (CD) a number of mainland lenders after transactions. complaints of mortgage kickbacks and

7 WAYS TO WOW BUYERS WITH OUTDOOR STAGING As one of the busier times of year for real estate activity, summertime is ideal for sellers hoping to unload their homes for top dollar. If your home is on the market this summer, stand out from the pack with these outdoor staging tips, courtesy of the experts at Point2.com.

Updated light fixtures are not only aesthetically pleasing, but are an added safety feature to the home. 5. Maintain the Landscape A well-kept home speaks volumes to buyers, and the exterior is no exception. Whether you hire a professional landscaper or DIY, trim the lawn and any hedges – the latter can be a trip hazard if left untouched.

1. Invite Buyers In

6. Deck Out the Deck

It’s no secret curb appeal matters to buyers, but too often, minor details are overlooked when setting the stage out front. To roll out the welcome for buyers, replace your worn welcome mat with a summery alternative, and install large house numbers in a prominent location that can be viewed from the street.

Whether your home features a deck, patio, porch or other outdoor living area, take time to power wash the surface to remove any debris. If your outdoor furniture is lacking, consider purchasing a fresh set, complete with all-weather cushions and pillows in vibrant colors.

2. Shine Up Windows

7. Make Pool Picture-Perfect

Cleaning windows inside and out can be taxing, but it makes a noticeable difference. For the exterior sides of the windows, scrub off any accumulated film from tree pollen and polish until glistening. Buyers will be pleased to see not only a sparkling home outside, but a light-filled interior as well.

Pools can be a make-or-break feature for buyers, so play it up as best you can. After having the pool cleaned by a professional, take care to skim the surface for any debris that accumulates between buyer visits. Be sure the pool cover, mechanized or otherwise, is free of damage and the filtering system is in proper working order.

3. Showcase Small-Scale Color In lieu of a costly exterior paint job, choose specific areas outside to add pops of color. Window boxes bursting with blooms are often well-received by buyers, as well as container plantings. If the exterior could use refreshing, consider re-painting the front door before recruiting a professional to do the entire home.

4. Spotlight for Safety Make sure the outdoor spaces around your home, including the front entrance, deck, patio, and walkways, are appropriately lit.