Today's GuamHome by Todays Realty

TODAY'S GUAMHOME MAY 2020

WHAT'S INSIDE Meet Our Agents | Market Report | Closed by Today's Realty | Featured Articles On the Cover | Just Listed

OUR OFFICE Welcome to the May 2020 issue of Today’s Guamhome newsletter. It is our honor to present this collection of beautiful homes for your review. Our 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®

Jun “John” Lin Vice President / REALTOR®

ADDRESS

1700 Army Drive, Suite 101 Dededo, Guam 96929

OFFICE #

(671) 649-4361

(671) 646-0832

WEBSITE

www.guamhome.com

TABLE OF CONTENTS 02

Meet Our Agents

About Guam

Market Report Residential Market Snapshot from January 1, 2020 to May 1, 2020

Closed by Today's Realty A collection of recent homes sold by Todayâ&#x20AC;&#x2122;s Realty

On the Cover 604 Blue Lagoon Condo, Tumon

Featured Article Assuming Mortgages

Just Listed

Recently listed properties in the market.

Featured Article How to Create More Bathroom Storage Space Best Places to Put Home Security Cameras

Guamhome.com

MEET OUR AGENTS

Angie Camacho 671.687.0483 angie@guamhome.com

Beverly Brady 671.688.8550 beverly@guamhome.com

Carmen Mesa 671.777.6372 carmen@guamhome.com

Chad Knapp 671.777.6520 chad@guamhome.com

Christine Campos 671.682.2412 christine@guamhome.com

Fumiyuki Takahara 671.488.5502 fred@guamhome.com

Hui Gallagher 671.689.4881 hui@guamhome.com

Jackie Calvo 671.687.5050 jackie@guamhome.com

Janet Calvo 671.687.1841 janet@guamhome.com

Julie Paxton 671.687.6900 realestate@guam.net

Sharmila Sahni 671.483.7125 sharmilasahni@yahoo.com

Suzanne Naputi 671.482.6426 suzanne@guamhome.com

Vicki Anderson Estes 671.687.3558 vicki@guamhome.com

Yumiko Blaisus 671.688.7791 yumiko@guamhome.com

Anthony Godwin 671.688.8198 anthony@guamhome.com Principal Broker | REALTORÂŽ 2

Guam is our home, we would love to make it yours

John Lin 671.688.8518 john@guamhome.com Vice President | REALTORÂŽ

Work with the Proven Market Leader

Clariza Samaniego 671.747.7440 clariza@guamhome.com

Clayton Smith 671.482.6602 clayton@guamhome.com

Dennis Couzijn 671.727.3815 dennis@guamhome.com

Duane Pahl 671.689.7777 duane@guamhome.com

Fiona Hocking 671.988.9982 fiona@guamhome.com

Kimberly Ada 671.489.5232 kima@guamhome.com

Michael Kumar 671.988.6900 michael@guamhome.com

Ray Rupley 671.685.5070 ray@guamhome.com

Sandy Yow 671.687.6006 sandy@guamhome.com

Shawntel Techaira 671.483.7368 shawntel@guamhome.com

Thinking about a career in real estate? We can help! Contact us at 671-649-4361 or broker@guamhome.com Guamhome.com

ABOUT GUAM There are 20 villages on the island of Guam. The northern, and most populated villages are Yigo and Dededo. The north central villages are Mangilao, Barrigada and Tamuning. The Agana Heights, Asan-Maina, Chalan Pago-Ordot, Hagatna, MongmongToto-Maite, and Sinajana make up our central villages. The southern villages include Santa Rita, Piti, Agat, Merizo, Inarajan, Talofofo and Yona.

Every village on Guam has something for everyone. For example, the village of Agat is famous for its annual Mango Fiestaâ&#x20AC;Ś Where you will find scrumptious dishes made with this delicious fruit. The village of Talofofo, likewise, hosts an annual Banana Festival. In our central villages you will find our capital of Hagatna, the seat of Government. The village of Mangilao is host to Guamâ&#x20AC;&#x2122;s University and Community College.

Guam is our home, we would love to make it yours

Residential Market Snapshot January 1, 2020 to May 1, 2020

Average Sold & Rented HOMES SOLD

CONDOS SOLD

HOMES RENTED

CONDOS RENTED

87 Single family homes sold from January 1, 2020 thru May 1, 2020 vs. the 126 homes sold in 2019.

Year to date saw a decrease in the number of single family homes rented at 190 in 2020 and 274 in 2019.

42 Condominium units have been sold from January 1, 2020 thru May 1, 2020 vs. the 80 units sold in 2019.

Year to date saw an decrease in the number of condominiums, townhomes, apartments rented from 371 in 2019 to current year at 286.

Average Sale & Rental Prices HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

The average year-to-date home price of $374,020 was significantly higher than the $343,166 reported during the same period in 2019.

Average single family monthly rentals so far this year increased from $2,283 last year to current year at $2,320.

The strength Guam real of the market continestate ue be residentia s to l rentals

The average condominium sale price of $226,226 in 2020 was lower than the $254,157 reported during the same period in 2019.

The monthly rental rate for condominiums, townhomes, apartments increased from $1,757 in 2019 to $1,764 for the same period in 2020 .

Average Days in the Market HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

On average, single family home sales in Guam take about 5 months to sell from date listed to date closed vs. the closings for the same period in 2019 at 5 months.

In 2020, home rentals took about 9 weeks from date listed to date closed vs. the closings for the same period in 2019 at 8 weeks.

Unit sales in Guam took about 3 months to complete transactions in 2020. Compare this to the closings for the same period in 2019 at about 3 months.

In 2020, unit rentals took about 8 weeks from date listed to date closed. Compare this to the 8 weeks for closings during the same period in 2019.

Interest rates are still very attractive with fixed rates hovering above four percent (4%). The inventory of homes on the market provides buyers with a good selection of properties to choose from. Coupled with low interest rates, it’s a great time to buy. - Anthony Godwin, Principal Broker *Statistics from Guam Multiple Listing Service from January 1, 2020 through May 1, 2020. **Statistics from Guam Multiple Listing (MLS) from January 1, 2019 through May 1, 2019. Transactions not reported to the Guam Multiple Listing Service (MLS) are not included in this presentation. Information deemed reliable but not guaranteed. Entire contents, including but not limited to, content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved.

CLOSED BY TODAY’S REALTY

Ipan-Talofofo Home | $525,000 Days on market: 216 | MLS ID: 19-3975

Dededo Home | $2,800/mo Days on market: 77 | MLS ID: 20-476

Paradise Estates Home | $2,450/mo Days on market: 33 | MLS ID: 20-757

M-T-M Home | $145,000 Days on market: 67 | MLS ID: 20-792

Dededo Home | $1,800/mo Days on market: 69 | MLS ID: 20-771

Royal Gardens Townhome | $380,000 Days on market: 17 | MLS ID: 20-1161

Guam is our home, we would love to make it yours

A collection of recent properties closed by our REALTORS®

Barrigada Home | $2,500/mo Days on market: 66 | MLS ID: 20-186

Barrigada Home | $2,200/mo Days on market: 69 | MLS ID: 20-244

Agana Heights Home | $2,204/mo Days on market: 14 | MLS ID: 20-1057

Lagoon Condo | $2,205/mo Days on market: 29 | MLS ID: 20-805

Windward Hills Home | $2,450/mo Days on market: 34 | MLS ID: 20-733

Santa Rita Unit | $2,205/mo Days on market: 102 | MLS ID: 19-4936

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ON THE COVER 604 BLUE LAGOON CONDO, TUMON For Rent $4,600/mo Ocean/beach and sunsets views that will steal your breath away! Smooth jazz music playing softly while sitting on your balcony over looking beautiful Tumon beach enjoying a glass of wine, what a way to relax after a long day of work. Renovated in 2017. Too much information on this beautiful condo to mention, it is a must see to appreciate.

MLS ID# 20-1317

Guam is our home, we would love to make it yours

Assuming Mortgages Even though most mortgages contain what is called a “due on sale” clause which states that a mortgage cannot be assumed by a new buyer, it is not uncommon for parties to take over payments when purchasing real estate. Contracts of Sale, seller financing and wrap around mortgages are all examples of creative financing in which the existing loan is assumed without the knowledge of the lender. While not in compliance with the terms of the loan, assumptions are not rare. In most cases the lender does not have any idea that the loan has been assumed and as long as the payments are made, no red flag is raised. Before it starts to appear that I am advocating assuming another persons mortgage (I don’t!); let me say that there are a number of good reasons that mortgages prohibit assumption, for example: • Lender cannot confirm that the new buyer qualifies to repay the loan. • Lender loses the opportunity to adjust interest rates to current market levels. While assuming a sellers mortgage may seem like a simple and straightforward way to quickly close the sale of a property, the ramifications can be disastrous to both the buyer and the seller. • If the buyer fails to make the mortgage payments in a timely manner or if the loan goes into foreclosure, the sellers credit score is affected since they are still responsible for the loan. • If the seller wishes to purchase another property, the existing loan still shows as a debt for which they are responsible. • If the bank discovers that a loan has been assumed they can immediately call the note due and payable, and the buyer will need to quickly seek alternative financing. Other mortgages allow for the mortgage to be assumed, but only with the lenders consent. In order for the lender to consent, they process the buyer as if they were applying for a new loan (to determine if they qualify to repay). If the lender approves the assumption, an assumption of mortgage document is signed by the new borrower and recorded as required under the mortgage. At this point the debt is removed from the original borrowers credit and our buyers and sellers are in compliance with the terms of the loan.

BY KIM ANDERSON YOUNG PRESIDENT, SECURITY TITLE, INC.

KIM@SECURITYTITLE.NET | 671.647.8100 FINDING SIMPLE SOLUTIONS TO COMPLEX REAL ESTATE TRANSACTIONS.

LISTED BY TODAY’S REALTY

BEACH FRONT TAMUNING LAND

182 FLORES ROSA LOOP, BARRIGADA

Your opportunity has come to own this beautiful 3 acre beachfront development land fronting Agana Bay and Camp Watkins Road. Your well-planned investment and development in this prime beachfront property is expected to result in a healthy and reliable return.

Beautiful and spacious Barrigada Heights home that boasts a large kitchen with stainless steel appliances and granite counter tops. There is also a large dining room and living room with an additional family room and bonus room.

AGANA HEIGHTS UNIT

503 TUMON HORIZON CONDO

This charming condo is cozy and boasts beautiful ocean and city view. Enjoy Guam's gorgeous sunsets from your studio apartment. A cap of $50 for water is included in the rent.

Fully furnished 2bd/1ba condo! Very nicely renovated! Pool and Ocean views! Awesome location! Great bbq space for those fun weekends! Rental includes water! See this unit today!!

For Sale $5,950,000 | MLS ID: 18-2855

For Rent $625/mo | MLS ID: 20-1339

Guam is our home, we would love to make it yours

For Rent $4,400/mo | MLS ID: 20-1214

For Rent $1,500/mo | MLS ID: 20-1351

A collection of properties featured for Rent or Sale by our REALTORS®

UPPER TUMON COMMERCIAL SPACE

1305 GREEN PARK CONDO, MANGILAO

Bring your business to 888 North Marine Corps Drive! Exposure? The Best! 3 lanes north bound and three south bound. Access? Fantastic! Signaled intersection provides easy access from highway PLUS to/ from the interior of Harmon! Great amenities included!

This is a very private and nice unit! The unit was nicely updated about 1 year ago. The oversized and covered patio is a nice place to enjoy a cold beverage, or enjoy the breezes during weekend bbq's! On those hot days, jump into the pool for a quick cool off!

157 HEGAI STREET, ASAN

602 ALUPANG COVE CONDO

This 3bd/2ba home is situated in a quiet location within a great neighborhood. Large gated yard with tropical plants and trees around the home. Minutes from Naval Station and Navy Hospital.

This is a very nice studio unit located in the ever popular Alupang Cove Condo complex! This unit has everything you could want! Views, Granite counter tops, reserved parking, free power, free water and free rubbish!

For Rent $2,014/mo | MLS ID: 20-1272

For Rent $2,500/mo | MLS ID: 20-1365

For Rent $1,150/mo | MLS ID: 20-1323

For Rent $1,300/mo | MLS ID: 20-1334

Guamhome.com

How to Create More Bathroom Storage Space If you have a small bathroom and/or a large family, storage space is at a premium. Without a solid organizational system, a bathroom can quickly become cluttered. Items that belong in the bathroom may get shoved into other closets, which can make finding things a hassle. Here are some tips to help you make the most of the available space in your bathroom and find more room for storage: Keep Toilet Paper and Towels Within Reach A wheeled cart can provide much-needed storage space, especially if it has two or three shelves. Use one or two to keep toilet paper and towels close by, and store some frequently used toiletries on top. Another option is to find an attractive basket that will fit on top of the toilet and fill it with extra rolls of toilet paper. You can also roll up or fold towels and place them in baskets under the sink if you don’t have a vanity. Take Advantage of Empty Wall Space If you have some unoccupied space on a wall, make the most of it by hanging shelves. Stack a few shelves, and keep items you frequently use easily accessible and things you use less often higher but still within reach. You can also mount decorative baskets on the walls to store extra toiletries. Utilize Available Space Under the Sink If your bathroom has a vanity under the sink, you can place storage caddies there to keep things organized in an awkwardly shaped space. If your sink doesn’t have a vanity, the area under the sink can be an ideal spot to place a stack of drawers. They can be used for towels, toiletries and hairstyling tools to keep everything within easy reach but out of the way. Organize Makeup So Items Are Easy to Find If you own a large assortment of makeup and have trouble finding the eyeliner or lipstick you want, organize everything on a Lazy Susan. That will make it simple to find what you need on a busy morning and keep your makeup from cluttering drawers. Create More Storage Space in the Shower If you don’t have enough room for shampoo, conditioner and body wash in the shower, you can make more storage space by mounting a rod next to a wall in the shower. Hang one or more storage caddies to keep things organized and easily accessible. Hide Items From View If your bathroom has a medicine cabinet or full-length mirror with a door that opens outward, use the area behind it to your advantage. Install some shelves to create hidden storage space. Explore New Ways to Use Limited Space A cluttered and disorganized bathroom can make hectic mornings even more stressful and lead to conflicts between family members. If you’re struggling to keep your bathroom organized, try some of these simple, inexpensive and effective strategies to create more storage space. Reprinted with permission from RISMedia. ©2020. All rights reserved.

Guam is our home, we would love to make it yours

Best Places to Put Home Security Cameras With a variety of home surveillance kits available, many handy homeowners have chosen to install security cameras themselves. The installation process can be easy, but knowing the proper way to place and angle the cameras is vital to keeping your home as safe as it can be. The most important factor in judging where to place a camera is simple: Your home is your home. You know what the layout is and where the most important rooms are. Before you begin placing any equipment, consider some basic questions about your home's surveillance needs: What parts of your home are you most concerned about? Are there spots on your property that aren't plainly visible to the street or neighbors? Do you need to keep any local camera placement laws in mind? Consider the usual entry points for potential burglars when casing a home. With over 80 percent of burglars entering a home through the first floor, whether through doors or windows, it's especially important to keep the entirety of your property's entryways covered. At the same time, placing cameras in low areas—and, thus, in easy reach of criminals—may negate their usefulness. If you find you have a lack of safe places to put a camera, consider looking into protective caging for your equipment to protect it from being knocked out of order or covered while you aren't looking. This is also a good time to contemplate what special tools you may need to complete your installation, so ensure you read the camera system’s instructions for its recommended outfitting requirements. While losing a camera can mean losing important evidence to help identify vandals or thieves, there are clever ways to keep yourself safe that might goad a criminal into making a misstep. Placing a dummy camera in obvious sight not only deters crime by showing you keep your home under tight watch, but it also gives an easy target to potential burglars that can distract them from hidden cameras that catch them in the act. As an added bonus, dummy cameras are typically far cheaper to replace than professional models. Most importantly, you must consider the needs of each camera when placing it. Cameras cannot focus on multiple ranges and angles at once, so if you want to catch a trespasser's facial features, mounting your camera up too high can blur distinctive features, but a raised camera may have a better chance of picking up a car's license plate when placed overlooking your driveway. In the end, even poorly placed cameras will offer better home security than not having any at all, but there's no reason to leave proper home security to chance. Knowing how to place your first line of defense can keep you safe before and after any crime, and knowledge is always your best weapon. Reprinted with permission from RISMedia. ©2020. All rights reserved.

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