Today's Guamhome March 2017 by Todays Realty

Contents 02

MARKET REPORT

MEET OUR AGENTS

GUAM IS OUR HOME

SOLD BY TODAY’S REALTY

Residential Market Snapshot from January 1, 2017 to March 1, 2017

WELCOME TO OUR VILLAGES!

A collection of recent homes sold by Today’s Realty

elcome to the 2017 March issue of Today’s Guamhome newsletter. 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!

ON THE COVER

Executive Bali-esque Asan Home

MISTAKES HOMEBUYERS SHOULD AVOID

Anthony Godwin Principal Broker / REALTOR®

THE MAN, THE MYTHS, AND THE LEGENDS OF SAINT PATRICK’S DAY

JUST LISTED

WHAT DOES A TITLE INSURANCE & ESCROW COMPANY DO?

Recently listed properties in the market.

8 WAYS TO OPTIMIZE YOUR SLEEP GEN X HOMEOWNERS MAKE COMEBACK

Today’s Realty agents and staff during our holiday luncheon

FOR THOUSANDS OF LISTINGS VISIT

www.guamhome.com

CLOSED BY TODAY’S REALTY

Tumon Condo • $4,100/mo

Talofofo Home • $405,000

Days on market: 43 | MLS ID# 17-320

Days on market: 152 | MLS ID# 16-3785

Dededo Home • $3,000/mo

Talo Verde Townhome • $3,600/mo

Blue Pacific Lattice • $2,100/mo

Tamuning Home • $2,205/mo

Days on market: 53 | MLS ID# 17-127

Days on market: 29 | MLS ID# 17-565

Days on market: 187 | MLS ID# 16-2956

Days on market: 70 | MLS ID# 16-4511

A collection of recent properties closed by our REALTORS®

Dededo Land • $50,500

Yona Home • $220,000

Days on market: 47 | MLS ID# 17-78

Days on market: 283 | MLS ID# 16-2754

Ordot-Chalan Pago Home • $1,600/mo

Yigo Home • $2,205/mo

Days on market: 151 | MLS ID# 16-3423

Days on market: 7 | MLS ID# 17-743

Dededo Home • $1,473/mo

Yigo Home • $4,400/mo

Days on market: 34 | MLS ID# 17-307

Days on market: 52 | MLS ID# 17-300

ON THE COVER

132 Tydingco Street, Asan, Guam

For Sale $669,000 | Guamhome.com/17-843 Enchanting 3 bedroom, 3 bath abode nestled in the quaint village of Asan. Amidst the charm of an island paradise home, one will find an updated kitchen boasting granite counters, a gourmet stove and dark wood cabinets. Wander out to the patio and soak in the hot tub or enjoy the panoramic ocean views from one of two balconies.

LISTED BY TODAY’S REALTY 171 Cueto Street, Dededo For Sale $525,000 | Guamhome.com/17-914 Own this beautiful, executive home located in Dededo on a quiet street and a short distance from Route 1. This 4 bedroom, 3 bath ranch home with 2,283 square-foot has a great floor plan with high ceilings, and is in pristine condition.

Standard Group Condo

For Sale $157,900 | Guamhome.com/17-854 Spacious 3bd/2ba condo in prime Tamuning location. Building freshly painted and well maintained with more improvements underway. Seller financing may be available on a case-by-case basis.

Agat Warehouse

For Rent $7,000/mo | Guamhome.com/17-849 Nicely located warehouse with sizable fenced lot. Very near to the Navy base. Ready to start your business. Excellent condition with a large fenced parking lot. There is another smaller warehouse about 2,500+/-sq feet on site. Entire contents, including but not limited to content, design and concept Copyright ©2016 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

A collection of properties featured for Rent or Sale by our REALTORS® Toves Street, Yigo Land

Casa De Serenidad Townhome

Looking for land to develop? This lot has an unfinished concrete structure on the property. Power and water on site. For someone who has the vision to turn unfinished canvas into a new dream home. 890+/-sm.

Spectacular views of ocean & mountain valley. 3bd/1.5ba townhome plus den or 4th bedroom. Well-designed kitchen, lots of cabinets & skylight, carport and much, much more. This unit is immaculately maintained and tastefully decorated.

For Sale $85,000 | Guamhome.com/17-404

For Sale $220,000 | Guamhome.com/17-711

108 Bamba Street, Tumon

For Rent $4,400/mo | Guamhome.com/17-840

The New Condo in Tumon ready for you to move right in. Built with a touch of class, open concept living, 2 bedrooms 2.5 bath is yours, floor to ceiling windows in master bedroom, lots of kitchen counter space for the chef to work his or her magic.

What does a Title Insurance and Escrow Company do? Unless you are involved in a real estate transaction, you may not have experience working with a title insurance and escrow company. For people who are involved in buying, selling or refinancing properties it is not uncommon for emotions to run wild, especially when the process does not go according to plan.

such as the buyer, the lender and when applicable, 1031 tax deferred exchange facilitators. They work closely with the Realtors and lenders to deal with issues that inevitably arise and to ensure the transaction closes in a timely manner.

The part the title company plays in the process can be broken down into five 4. Accounting for the Real Estate Transaction. As an independent third easy steps: party to a real estate transaction, we follow the contract between the buyer and seller, as well as instructions from the lender to ensure the money is distributed as intended by the parties. We take care that lenders, surveyors, Establish the status of the title. Our title searchers create a “chain of title” appraisers, Realtors and other contributors to the transaction are fully paid. by searching land management records for any document that involves the We search real property tax records and if necessary, pay any outstanding subject property. This includes deeds and mortgages; many also contain taxes so that the buyer acquires the property without any surprise expenses leases, easements and judgments by the court. This chain is a chronological popping up later. list of how the property came to be owned by the current owner and what other interests such as leases or mortgages may currently affect the property. 5. We insure what we do. Then we back up our work with a title insurance policy that guarantees your ownership of the property! Clarify land title records. Our title examiners find gaps, errors and omissions in the recorded public records. Once identified, we work with owners to To make it simple… Security Title makes sure you actually own the property correct the situation. One simple but common example; a previous owner’s you think you just bought! mortgage may not have been released after it was paid off. Another example might be that a persons name was changed due to marriage or divorce and that legal change of name was not recorded at Land Management. When a problem is identified, we work to make sure appropriate documents are recorded that clarify and resolve the issue. When an owner sells or refinances their property, the escrow portion of our business kicks in. Our clients hire us to act as an unbiased third party to the transaction including: 3. Transaction Management. Escrow officers work from a purchase and sale agreement between a buyer and seller (and lenders instructions when a bank is involved in the process). The escrow officer is tasked with collecting and confirming all documentation needed to transfer the title to the new owner (deeds, mortgage, affidavits, consents, releases, etc.) An escrow officer is also tasked with collecting and clearing funds from sources

8 Ways to Optimize Your Sleep

(Family Features)--While a healthy lifestyle requires a balanced diet and exercise, sleep is another pillar of overall wellness that is both essential to your health and success, and often overlooked. By simply making small changes to your daily routine you can improve your quality of sleep. Follow these tips from Dr. Sujay Kansagra, Mattress Firm’s sleep health consultant and director of Duke University’s Pediatric Neurology Sleep Medicine Program, and get on your way to better rest and a healthier life. 1. Manage your sleep time. Rather than trying to accomplish everything on your todo list at the expense of sleep, reverse your approach. As the average adult needs 7-9 hours of sleep each night, make sure to set aside the time needed for a full night of rest.

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net | 671.647.8100

Finding simple solutions to complex real estate transactions.

2. Stay on schedule. Try to keep your bedtime and wake time consistent on both weekdays and weekends. With time, your brain and body will acclimate to these set times, but until then, rely on an alarm - not only to wake in the morning, but to keep you from staying up too late at night, too. 3. Find a routine. A routine performed 2030 minutes prior to bed every night can subconsciously ease your brain into sleep. Unwinding with a book, taking a warm bath or meditating are all ways to slow your mind and transition toward peaceful rest. 4. Brighten up the morning. Getting plenty of bright light in the morning helps keep your sleep timing on track, particularly if you wake up early. Make opening the drapes and blinds your first task each morning.

can act as a natural sleep remedy, often leading to a more sound slumber. However, if you exercise late and have difficulty falling asleep, consider moving your workout earlier in the day. The increase in body temperature from exercise tends to be prolonged, sometimes making it hard to fall asleep. 7. Kick the caffeine habit. Morning caffeine can linger in your system until it’s time to sleep. Coffee, tea, dark sodas and dark chocolate are the main offenders for most people. 8. Pay back debt. If you are chronically deprived of sleep, allow your body extra sleep time to make up for the loss. In these cases, even 8-9 hours each night may not be enough. Allow your body to catch up then commit to more consistent sleep patterns in the future.

5. Ditch the clock. Fixating on the time Source: DailyDoze.com. can create stress and keep you up at night. Reprinted with permission from RISMedia. Instead, set your alarm, turn your clock ©2017. All rights reserved. around and forget about the time. 6. Get moving. Research shows that exercise

Gen X Homeowners Make Comeback

... after Coming up in the Crash

Homeowners in Generation X are making a comeback after coming up in the housing crash, according to the National Association of REALTORS® (NAR) recently released Home Buyer and Seller Generational Trends study for 2017. More Gen X homeowners—who were most dogged by the downturn—are set to sell this year, having regained enough equity lost in the recession. “Gen X sellers’ median tenure in their previous home was 10 years, which puts many of them selling a property they bought right around the time home values were on the precipice of declining,” says Lawrence Yun, chief economist at NAR. “Fortunately, the much stronger job market and 41 percent cumulative rise in home prices since 2011 have helped a growing number build enough equity to finally sell and trade up to a larger home. More Gen X sellers are expected this year, and are definitely needed to ease the inventory shortages in much of the country.” Gen X has taken a backseat to millennials in recent years, who have been the primary source of opportunity in housing, Yun says. More activity on the part of Gen X homebuyers and sellers this year opens up new prospects in the market. According to the survey, the share of Gen X homebuyers grew to 28 percent—the largest percentage since 2014—but is behind the share of millennial homebuyers, 34 percent, and the share of baby boomer homebuyers, 30 percent. The trend toward multigenerational living is going strong, driven by baby boomers housing adult children who either have not moved out or moved back in after moving out. “The job market is very healthy for young adults with a college

education, but repaying student debt and dealing with ever-increasing rents on an entry-level salary are forcing many to either shack up with several roommates or move back home,” says Yun. “This growing trend of delayed household formation is one of the main contributors to the nation’s low homeownership rate.” Student loan debt is also an issue for Gen Xers and younger boomers, though Gen Xers have the biggest burden, with a student debt load of $30,000—more than millennials’ $25,000 and boomers’ $10,000, according to the survey. Student debt plays a major role in the ability to save for a down payment on a home; in fact, 55 percent of millennial homebuyers, 29 percent of Gen X homebuyers and 9 percent of boomer homebuyers report student debt has stifled their savings. “Repaying student debt also appears to be slowing some current homeowners who went to graduate school and now can no longer afford to sell and trade up because of their loans,” Yun says. “Nearly a third of homeowners in a NAR survey released last year said student debt is preventing them from selling a home to buy a new one.” Gen Xers aside, there are shifts occurring in the millennial generation. One significant movement, according to survey, is the presence of children: 49 percent of millennial homebuyers have at least one child, prompting more home-buying activity in the suburbs. “Millennial buyers, at 85 percent, were the most likely generation to view their home purchase as a good financial investment,” says Yun. “These strong feelings bode well for even greater demand in the future as more millennials settle down and begin raising families. A significant boost in new and existing inventory will go a long way to ensuring the opportunity is there for more of them to reach the market.” What hasn’t changed, according to the survey, is the need for a real estate professional. Ninety percent of those surveyed worked with a real estate professional to buy or sell a home—92 percent of millennial homebuyers and 90 percent of millennial sellers, and 88 percent of Gen X homebuyers and 89 percent of Gen X sellers. For more information, please visit www.nar.realtor. Reprinted with permission from RISMedia. ©2017. All rights reserved.